亜鉛電池市場 – 2029 年までの世界予測

Zinc Battery Market - Global Forecast to 2029

亜鉛電池市場 : 電池の種類 (空気亜鉛、ニッケル亜鉛、亜鉛イオン、亜鉛臭素)、充電可能性 (一次&二次)、用途 (医療、公共事業、自動車&輸送、産業用、民生用機器) &地域別 - 2029年までの世界予測
Zinc Battery Market by Battery Type (Zinc-air, Nickel-zinc, Zinc-ion, Zinc-bromine), Rechargeability (Primary & Secondary), Application (Medical, Utilities, Automotive & Transportation, Industrial, Consumer Devices) and Region - Global Forecast to 2029
出版MarketsandMarkets
出版年月2024年5月
ページ数230
図表数225
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global zinc battery market is estimated to grow from USD 1.0 billion in 2024 to USD 2.0 billion in 2029; it is expected to grow at a CAGR of 13.6% during the forecast period.

世界の亜鉛電池市場は、2024年の10億ドルから2029年には20億ドルに成長すると推定されています。予測期間中に 13.6% の CAGR で成長すると予想されます。

亜鉛電池市場 - 2029 年までの世界予測

The market has a promising growth potential due to benefirs of the zinc batteries over other battery chemistries, abundance of the zinc metal, and increasing investments globally in grid infrastructure. It presents opportunities through increasing reliance on data centers, and development of rechargeable zinc air batteries.

“Zinc-bromine battery is expected to witness highest CAGR during the forecast period.”

High demand in grid-scale energy storage solutions to boost zinc-bromine battery growth. Zinc-bromine battery is a type of rechargeable battery that uses zinc and bromine ions in its electrochemical reactions to store and release energy. In this battery, zinc is typically used as the anode and bromine as the cathode. It has an aqueous solution of zinc bromide (ZnBr₂) that circulates between the anode and cathode compartments. It has a microporous membrane separates the two electrolyte compartments, allowing zinc ions to flow between them while preventing the bromine and zinc metal from mixing directly.

亜鉛電池市場 - 2029 年までの世界予測 ecosystem

“Secondary battery segment likely to witness higher CAGR between 2024 and 2029.”

Zinc-ion battery, zinc-bromine battery, and nickel zinc battery are basically secondary batteries. A secondary battery is a type of electrochemical battery that can be discharged and recharged multiple times by reversing the chemical reactions that occur during discharge. It is also called a rechargeable battery. Unlike primary batteries, which are designed for one-time use and cannot be recharged, secondary batteries are capable of being reused, making them a more sustainable and cost-effective option in the long term. Companies such as Enerpoly AB (Sweden), Salient Energy (Canada), Redflow Limited (Australia), Zn2H2 Inc. (US), Æsir Technologies, Inc. (US), ZincFive (US) offer these secondary batteries.
“Utilities to hold second largest market share for the application segment during the forecast period.”
The utility sector plays a crucial role in delivering reliable and sustainable energy. As renewable energy sources like solar and wind gain prominence, efficient energy storage solutions become essential. Zinc battery technologies are emerging as promising candidates to support a more resilient and sustainable grid.

“North America is likely to hold the second largest market share by 2029.”

The North American region is home to most key market players; moreover, various research institutes are also engaged in developing zinc batteries. The companies headquartered in the region are involved in developing zinc battery technology for various applications, including medical, automotive & transportation, consumer devices, and utilities. Further, governmental support for battery companies will accelerate the growth of the zinc battery market in the region. The zinc battery market is estimated to hold around 31.7% of the total zinc battery market share in 2024.

亜鉛電池市場 - 2029 年までの世界予測 region

Breakdown of primaries
A variety of executives from key organizations operating in the zinc battery market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.
• By Company Type: Tier 1 = 30%, Tier 2 = 45%, and Tier 3 = 20%
• By Designation: C-level Executives = 40%, Directors = 45%, and Others (sales, marketing, and product managers, as well as members of various organizations) = 15%
• By Region: North America = 40%, Europe = 24%, Asia Pacific =28%, and RoW = 8%

Key players profiled in this report
Eastman Kodak Company (US), Panasonic Energy Co., Ltd. (Japan), Duracell Inc. (US), and Energizer Holdings, Inc. (US) are the key players in the zinc battery market. These leading companies possess a robust portfolio of products, establishing a strong presence in established and emerging markets. The study provides a comprehensive competitive analysis of these key players in the zinc battery market, presenting their company profiles, recent developments, and key market strategies.

Research Coverage

This report offers detailed insights into the zinc battery market based on battery type (Zinc-air, Nickel-zinc, Zinc-bromine, and Zinc-ion), Rechargeability (Primary, Secondary), Application (Medical, Utilities, Consumer Devices, Industrial, Automotive & Transportation, and others), and region (North America, Europe, Asia Pacific, and RoW which includes the Middle East, Africa and South America.)
The report also comprehensively reviews the zinc battery market drivers, restraints, opportunities, and challenges. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Reasons to buy the report:

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the zinc battery market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

• Analysis of key drivers (Benefits over other battery chemistries, abundance of zinc metal, and increasing investment globally in grid infrastructure), restraints (Technical drawbacks of zinc battery), opportunities (increasing realinec on data centres, development of rechargeable zinc air batteries) and challenges (Presence of alternative battery technologies).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the zinc battery market
• Market Development: Comprehensive information about lucrative markets – the report analyses the zinc battery market across varied regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the zinc battery market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Eastman Kodak Company (US), Panasonic Energy Co., Ltd. (Japan), Duracell Inc. (US), and Energizer Holdings, Inc. (US) among others.

Table of Contents

1            INTRODUCTION            29

1.1         STUDY OBJECTIVES      29

1.2         MARKET DEFINITION   29

1.3         STUDY SCOPE  30

1.3.1      MARKETS COVERED     30

FIGURE 1           ZINC BATTERY MARKET SEGMENTATION         30

1.3.2      REGIONAL SCOPE         30

1.3.3      YEARS CONSIDERED     31

1.3.4      INCLUSIONS AND EXCLUSIONS 31

1.4         CURRENCY CONSIDERED          32

1.5         LIMITATIONS   32

1.6         UNITS CONSIDERED     32

1.7         STAKEHOLDERS            32

1.8         RECESSION IMPACT      32

2            RESEARCH METHODOLOGY     33

2.1         RESEARCH APPROACH 33

FIGURE 2           ZINC BATTERY MARKET: RESEARCH DESIGN    33

2.1.1      SECONDARY AND PRIMARY RESEARCH 34

FIGURE 3           ZINC BATTERY MARKET: RESEARCH APPROACH            34

2.1.2      SECONDARY DATA       35

2.1.2.1   List of major secondary sources       35

2.1.2.2   Key data from secondary sources     35

2.1.3      PRIMARY DATA 36

2.1.3.1   Intended participants and key opinion leaders in primary interviews        36

2.1.3.2   List of key primary interview participants       36

2.1.3.3   Key data from primary sources         37

2.1.3.4   Key industry insights          37

2.1.3.5   Breakdown of primaries     38

2.2         MARKET SIZE ESTIMATION METHODOLOGY    38

2.2.1      BOTTOM-UP APPROACH           38

2.2.1.1   Approach to estimate market size using bottom-up analysis (demand side)              38

FIGURE 4           ZINC BATTERY MARKET: BOTTOM-UP APPROACH        39

2.2.2      TOP-DOWN APPROACH             39

2.2.2.1   Approach to estimate market size using top-down analysis (supply side)  40

FIGURE 5           ZINC BATTERY MARKET: TOP-DOWN APPROACH          40

FIGURE 6           MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS          40

2.3         DATA TRIANGULATION             41

FIGURE 7           DATA TRIANGULATION             41

2.4         RESEARCH ASSUMPTIONS         42

2.5         RESEARCH LIMITATIONS           42

2.6         PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON ZINC BATTERY MARKET            43

2.7         RISK ASSESSMENT         43

3            EXECUTIVE SUMMARY 44

FIGURE 8           ZINC BATTERY MARKET, 2020–2029 (USD MILLION)       45

FIGURE 9           ZINC–BROMINE BATTERIES TO EXHIBIT HIGHEST CAGR FROM 2024 TO 2029     45

FIGURE 10         SECONDARY BATTERIES TO CAPTURE LARGER MARKET SHARE IN 2029  46

FIGURE 11         MEDICAL APPLICATIONS TO GAIN LARGEST MARKET SHARE BETWEEN 2024 AND 2029           46

FIGURE 12         ASIA PACIFIC TO REGISTER HIGHEST CAGR IN ZINC BATTERY MARKET DURING FORECAST PERIOD   47

4            PREMIUM INSIGHTS      48

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ZINC BATTERY MARKET            48

FIGURE 13         BENEFITS OFFERED BY ZINC BATTERIES AND ABUNDANCE OF ZINC TO FOSTER MARKET GROWTH    48

4.2         ZINC BATTERY MARKET, BY CHEMISTRY           48

FIGURE 14         ZINC–AIR BATTERIES TO HOLD LARGEST MARKET SHARE IN 2024      48

4.3         ZINC BATTERY MARKET, BY APPLICATION       49

FIGURE 15         MEDICAL APPLICATIONS TO ACCOUNT FOR LARGEST SHARE OF ZINC BATTERY MARKET IN 2029       49

4.4         ZINC BATTERY MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY         49

FIGURE 16         MEDICAL APPLICATIONS AND US TO HOLD LARGEST SHARES OF NORTH AMERICAN ZINC BATTERY MARKET IN 2029 49

4.5         ZINC BATTERY MARKET, BY COUNTRY 50

FIGURE 17         CHINA TO EXHIBIT HIGHEST CAGR IN GLOBAL ZINC BATTERY MARKET FROM 2024 TO 2029     50

5            MARKET OVERVIEW     51

5.1         INTRODUCTION            51

5.2         MARKET DYNAMICS     51

FIGURE 18         ZINC BATTERY MARKET DYNAMICS      51

5.2.1      DRIVERS            52

5.2.1.1   Benefits of zinc batteries over batteries utilizing other chemistries           52

TABLE 1             NICKEL-ZINC BATTERY VS. LITHIUM-ION AND LEAD-ACID BATTERIES       53

5.2.1.2   Abundance of zinc in Earth’s crust   53

5.2.1.3   Increasing global investments in modernization of grid infrastructure      54

FIGURE 19         GLOBAL INVESTMENTS IN ELECTRICAL GRIDS, 2018–2022              55

FIGURE 20         IMPACT OF DRIVERS ON ZINC BATTERY MARKET         55

5.2.2      RESTRAINTS     56

5.2.2.1   Drawbacks and technical issues associated with zinc batteries    56

FIGURE 21         IMPACT OF RESTRAINTS ON ZINC BATTERY MARKET   56

5.2.3      OPPORTUNITIES           56

5.2.3.1   Increasing global demand for data centers      56

5.2.3.2   Development of rechargeable zinc–air batteries           57

FIGURE 22         IMPACT OF OPPORTUNITIES ON ZINC BATTERY MARKET              57

5.2.4      CHALLENGES   58

5.2.4.1   Easy availability of substitute battery products             58

FIGURE 23         IMPACT OF CHALLENGES ON ZINC BATTERY MARKET 58

5.3         TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS       58

FIGURE 24         TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS              59

5.4         VALUE CHAIN ANALYSIS            59

FIGURE 25         ZINC BATTERY MARKET: VALUE CHAIN ANALYSIS         59

5.5         ECOSYSTEM ANALYSIS 61

FIGURE 26         ZINC BATTERY MARKET: ECOSYSTEM ANALYSIS            61

TABLE 2             ROLE OF COMPANIES IN ZINC BATTERY ECOSYSTEM   62

5.6         INVESTMENT AND FUNDING SCENARIO            63

FIGURE 27         INVESTMENT AND FUNDING SCENARIO            63

5.7         TECHNOLOGY ANALYSIS           63

5.7.1      KEY TECHNOLOGIES    63

5.7.1.1   Secondary zinc–air batteries             63

5.7.1.2   Nickel–zinc batteries          64

5.7.1.3   Zinc-ion batteries 64

5.7.1.4   Zinc–bromine batteries      64

5.7.2      COMPLIMENTARY TECHNOLOGIES      65

5.7.2.1   Lithium metal batteries      65

5.7.2.2   Lithium–silicon batteries   65

5.7.3      ADJACENT TECHNOLOGIES      65

5.7.3.1   Solid-state batteries           65

5.7.3.2   Sodium–sulfur batteries     66

5.8         PATENT ANALYSIS        66

FIGURE 28         TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2014–2024         66

TABLE 3             ZINC BATTERY MARKET: LIST OF PATENTS, 2020–2023  67

5.9         TRADE ANALYSIS          68

5.9.1      IMPORT DATA (HS CODE 260800)           68

FIGURE 29         IMPORT DATA FOR HS CODE 260800-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)            68

5.9.2      EXPORT DATA (HS CODE 260800)           68

FIGURE 30         EXPORT DATA FOR HS CODE 260800-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)            68

5.10       KEY CONFERENCES AND EVENTS, 2024–2025     69

TABLE 4            ZINC BATTERY MARKET: LIST OF CONFERENCES AND EVENTS, 2024–2025          69

5.11       CASE STUDY ANALYSIS 69

5.11.1    ZINCFIVE’S NICKEL–ZINC BATTERY UPS SYSTEM HELPED ATLANTA REDUCE ACCIDENTS BY DELIVERING CONSISTENT POWER SUPPLY TO TRAFFIC SIGNALS DURING POWER OUTAGES   69

5.11.2    KNOX CHILDREN CENTERS ACHIEVED 75% REDUCTION IN WINTER ENERGY COSTS USING SOLAR PV AND REDFLOW BATTERIES TO ENSURE CONTINUOUS AVAILABILITY OF RENEWABLE ENERGY 70

5.11.3    ZINCFIVE’S UPSTEALTH SOLUTION HELPED UTAH DEPARTMENT OF TRANSPORTATION MANAGE TRAFFIC CHALLENGES THROUGH UNINTERRUPTED TRAFFIC SIGNAL OPERATION            70

5.11.4    REDFLOW AND VERTIV COLLECTIVELY PROVIDED VODAFONE WITH CONTINUOUS OFF-GRID GREEN ENERGY TO ENSURE REMOTE BROADBAND ACCESS 71

5.12       REGULATORY LANDSCAPE       71

5.12.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          72

TABLE 5             NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         72

TABLE 6             EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         72

TABLE 7             ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         73

TABLE 8             ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         74

5.12.2    REGULATORY STANDARDS       74

TABLE 9             STANDARDS RELATED TO ZINC BATTERIES      74

5.13       PORTER’S FIVE FORCE ANALYSIS           75

TABLE 10           ZINC BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS              75

FIGURE 31         ZINC BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS              75

5.13.1    BARGAINING POWER OF SUPPLIERS     76

5.13.2    BARGAINING POWER OF BUYERS           76

5.13.3    THREAT OF NEW ENTRANTS    76

5.13.4    THREAT OF SUBSTITUTES         76

5.13.5    INTENSITY OF COMPETITIVE RIVALRY 76

5.14       KEY STAKEHOLDERS AND BUYING CRITERIA    77

5.14.1    KEY STAKEHOLDERS IN BUYING PROCESS         77

FIGURE 32         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS      77

TABLE 11           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)             77

5.14.2    BUYING CRITERIA         77

FIGURE 33         KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS              77

TABLE 12           KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS              78

5.15       PRICING ANALYSIS        78

5.15.1    AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERY PACKS AND CELLS       78

FIGURE 34         AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERY PACKS AND CELLS, 2013–2022 (USD/KWH)         78

5.15.2    AVERAGE SELLING PRICE TREND OF ZINC–AIR BATTERIES        79

FIGURE 35         AVERAGE SELLING PRICE TREND OF ZINC–AIR BATTERIES, 2020–2023          79

5.15.3    INDICATIVE PRICING TREND OF ZINC–AIR CELLS          80

TABLE 13           INDICATIVE PRICING TREND OF ZINC–AIR CELLS          80

5.15.4    AVERAGE SELLING PRICE TREND OF ZINC–AIR BATTERIES OFFERED BY KEY PLAYERS            80

FIGURE 36         AVERAGE SELLING PRICE TREND OF ZINC–AIR BATTERIES PROVIDED BY KEY PLAYERS     80

TABLE 14           INDICATIVE PRICING TREND OF ZINC–AIR BATTERY CELLS, BY KEY PLAYER 80

5.15.5    INDICATIVE PRICING TREND, BY REGION          81

TABLE 15           INDICATIVE PRICING TREND OF ZINC–AIR BATTERY CELLS, BY REGION        81

FIGURE 37         INDICATIVE PRICING TREND OF ZINC–AIR BATTERIES, BY REGION, 2020–2023        81

5.16       ZINC MATERIAL AND ZINC SHEETS       81

5.16.1    GLOBAL ZINC PRODUCTION, BY COUNTRY      81

TABLE 16           ZINC PRODUCTION, BY COUNTRY, 2022             82

5.16.2    BENEFITS OF ZINC BATTERIES OVER OTHER BATTERIES           82

5.16.3    APPLICATIONS OF ZINC BATTERIES IN ENERGY STORAGE SOLUTIONS              83

5.16.4    APPLICATIONS OF ZINC SHEET PRODUCTS      83

6            ZINC BATTERY MARKET, BY TYPE         85

6.1         INTRODUCTION            86

FIGURE 38         ZINC BATTERY MARKET, BY TYPE         86

FIGURE 39         SECONDARY SEGMENT TO LEAD ZINC BATTERY MARKET DURING FORECAST PERIOD     86

TABLE 17           ZINC BATTERY MARKET, BY TYPE, 2020–2023 (USD MILLION)              86

TABLE 18           ZINC BATTERY MARKET, BY TYPE, 2024–2029 (USD MILLION)              87

6.2         PRIMARY           87

6.2.1      LONG SHELF LIFE AND ABILITY TO PROVIDE RELIABLE POWER FOR LOW-DRAIN DEVICES TO BOOST SEGMENTAL GROWTH           87

TABLE 19           PRIMARY: ZINC BATTERY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     87

TABLE 20           PRIMARY: ZINC BATTERY MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     88

6.3         SECONDARY     88

6.3.1      RISING DEMAND FOR GRID-SCALE ENERGY STORAGE SYSTEMS WITH HIGH ENERGY DENSITY AND RELIABILITY TO FUEL SEGMENTAL GROWTH              88

TABLE 21           SECONDARY: ZINC BATTERY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     89

TABLE 22           SECONDARY: ZINC BATTERY MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     89

7            ZINC BATTERY MARKET, BY CHEMISTRY           90

7.1         INTRODUCTION            91

FIGURE 40         ZINC BATTERY MARKET, BY CHEMISTRY           91

FIGURE 41         ZINC–BROMINE BATTERIES TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD     91

TABLE 23           ZINC BATTERY MARKET, BY CHEMISTRY, 2020–2023 (USD MILLION)          92

TABLE 24           ZINC BATTERY MARKET, BY CHEMISTRY, 2024–2029 (USD MILLION)          92

TABLE 25           ZINC–AIR BATTERY MARKET, 2020–2023 (MILLION UNITS)              92

TABLE 26           ZINC–AIR BATTERY MARKET, 2024–2029 (MILLION UNITS)              92

7.2         ZINC–AIR           93

7.2.1      ABILITY TO OFFER HIGHER ENERGY DENSITY TO FOSTER SEGMENTAL GROWTH 93

TABLE 27           ZINC–AIR: ZINC BATTERY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     93

TABLE 28           ZINC–AIR: ZINC BATTERY MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     93

TABLE 29           ZINC–AIR: ZINC BATTERY MARKET, BY REGION, 2020–2023 (USD MILLION) 94

TABLE 30           ZINC–AIR: ZINC BATTERY MARKET, BY REGION, 2024–2029 (USD MILLION) 94

7.3         NICKEL–ZINC   94

7.3.1      HIGH RELIABILITY AND SAFETY, ALONG WITH SUPERIOR POWER DELIVERY, TO DRIVE SEGMENTAL GROWTH    94

TABLE 31           NICKEL–ZINC: ZINC BATTERY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          95

TABLE 32           NICKEL–ZINC: ZINC BATTERY MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          95

TABLE 33           NICKEL–ZINC: ZINC BATTERY MARKET, BY REGION, 2020–2023 (USD MILLION) 95

TABLE 34           NICKEL–ZINC: ZINC BATTERY MARKET, BY REGION, 2024–2029 (USD MILLION) 96

7.4         ZINC-ION           96

7.4.1      HIGH ENERGY DENSITY AND ECO-FRIENDLY OPERATION TO ACCELERATE DEMAND 96

TABLE 35           ZINC-ION: ZINC BATTERY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)     97

TABLE 36           ZINC-ION: ZINC BATTERY MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     97

TABLE 37           ZINC-ION: ZINC BATTERY MARKET, BY REGION, 2020–2023 (USD MILLION) 97

TABLE 38           ZINC-ION: ZINC BATTERY MARKET, BY REGION, 2024–2029 (USD MILLION) 98

7.5         ZINC–BROMINE              98

7.5.1      GROWING DEMAND FOR GRID-SCALE ENERGY STORAGE SOLUTIONS TO SUPPORT SEGMENTAL GROWTH    98

TABLE 39           ZINC–BROMINE: ZINC BATTERY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          98

TABLE 40           ZINC–BROMINE: ZINC BATTERY MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          99

TABLE 41           ZINC–BROMINE: ZINC BATTERY MARKET, BY REGION, 2020–2023 (USD MILLION)     99

TABLE 42           ZINC–BROMINE: ZINC BATTERY MARKET, BY REGION, 2024–2029 (USD MILLION)     99

8            ZINC BATTERY MARKET, BY APPLICATION       100

8.1         INTRODUCTION            101

FIGURE 42         ZINC BATTERY MARKET, BY APPLICATION       101

FIGURE 43         MEDICAL APPLICATIONS TO HOLD LARGEST MARKET SHARE IN 2029 101

TABLE 43           ZINC BATTERY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          102

TABLE 44           ZINC BATTERY MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          102

8.2         MEDICAL          102

8.2.1      SURGING DEMAND FOR COMPACT AND DISCREET MEDICAL DEVICES TO DRIVE SEGMENTAL GROWTH          102

TABLE 45           MEDICAL: ZINC BATTERY MARKET, BY CHEMISTRY, 2020–2023 (USD MILLION) 103

TABLE 46           MEDICAL: ZINC BATTERY MARKET, BY CHEMISTRY, 2024–2029 (USD MILLION) 103

TABLE 47           MEDICAL: ZINC BATTERY MARKET, BY REGION, 2020–2023 (USD MILLION) 103

TABLE 48           MEDICAL: ZINC BATTERY MARKET, BY REGION, 2024–2029 (USD MILLION) 104

8.3         AUTOMOTIVE & TRANSPORTATION     104

8.3.1      INCREASING ADOPTION OF INTELLIGENT TRANSPORTATION SYSTEMS TO BOOST ZINC BATTERY DEMAND  104

TABLE 49           AUTOMOTIVE & TRANSPORTATION: ZINC BATTERY MARKET, BY CHEMISTRY, 2020–2023 (USD MILLION)         105

TABLE 50           AUTOMOTIVE & TRANSPORTATION: ZINC BATTERY MARKET, BY CHEMISTRY, 2024–2029 (USD MILLION)         105

TABLE 51           AUTOMOTIVE & TRANSPORTATION: ZINC BATTERY MARKET, BY REGION, 2020–2023 (USD MILLION)  105

TABLE 52           AUTOMOTIVE & TRANSPORTATION: ZINC BATTERY MARKET, BY REGION, 2024–2029 (USD MILLION)  106

8.4         UTILITIES          106

8.4.1      SURGING DEPLOYMENT OF MICROGRID SOLUTIONS TO CONTRIBUTE TO SEGMENTAL GROWTH           106

TABLE 53           UTILITIES: ZINC BATTERY MARKET, BY CHEMISTRY, 2020–2023 (USD MILLION) 107

TABLE 54           UTILITIES: ZINC BATTERY MARKET, BY CHEMISTRY, 2024–2029 (USD MILLION) 107

TABLE 55           UTILITIES: ZINC BATTERY MARKET, BY REGION, 2020–2023 (USD MILLION) 107

TABLE 56           UTILITIES: ZINC BATTERY MARKET, BY REGION, 2024–2029 (USD MILLION) 108

8.5         INDUSTRIAL     108

8.5.1      RISING FOCUS OF INDUSTRIAL FACILITIES ON OPTIMIZING ENERGY USAGE TO FOSTER MARKET GROWTH 108

TABLE 57           INDUSTRIAL: ZINC BATTERY MARKET, BY CHEMISTRY, 2020–2023 (USD MILLION)     108

TABLE 58           INDUSTRIAL: ZINC BATTERY MARKET, BY CHEMISTRY, 2024–2029 (USD MILLION)     109

TABLE 59           INDUSTRIAL: ZINC BATTERY MARKET, BY REGION, 2020–2023 (USD MILLION) 109

TABLE 60           INDUSTRIAL: ZINC BATTERY MARKET, BY REGION, 2024–2029 (USD MILLION) 109

8.6         CONSUMER DEVICES    110

8.6.1      POTENTIAL TO OFFER SAFER AND MORE AFFORDABLE ALTERNATIVES TO DRIVE SEGMENTAL GROWTH         110

TABLE 61          CONSUMER DEVICES: ZINC BATTERY MARKET, BY CHEMISTRY, 2020–2023 (USD MILLION)          110

TABLE 62          CONSUMER DEVICES: ZINC BATTERY MARKET, BY CHEMISTRY, 2024–2029 (USD MILLION)          110

TABLE 63           CONSUMER DEVICES: ZINC BATTERY MARKET, BY REGION, 2020–2023 (USD MILLION)          111

TABLE 64           CONSUMER DEVICES: ZINC BATTERY MARKET, BY REGION, 2024–2029 (USD MILLION)          111

8.7         OTHERS             111

TABLE 65           OTHERS: ZINC BATTERY MARKET, BY CHEMISTRY, 2020–2023 (USD MILLION) 112

TABLE 66           OTHERS: ZINC BATTERY MARKET, BY CHEMISTRY, 2024–2029 (USD MILLION) 112

TABLE 67           OTHERS: ZINC BATTERY MARKET, BY REGION, 2020–2023 (USD MILLION)          112

TABLE 68           OTHERS: ZINC BATTERY MARKET, BY REGION, 2024–2029 (USD MILLION)          113

9            ZINC BATTERY MARKET, BY REGION    114

9.1         INTRODUCTION            115

FIGURE 44         ZINC BATTERY MARKET, BY REGION    115

9.1.1      IMPACT OF RECESSION ON GLOBAL MARKET  115

FIGURE 45         CHINA TO BE FASTEST-GROWING MARKET FOR ZINC BATTERIES GLOBALLY FROM 2024 TO 2029        116

TABLE 69           ZINC BATTERY MARKET, BY REGION, 2020–2023 (USD MILLION)          116

TABLE 70           ZINC BATTERY MARKET, BY REGION, 2024–2029 (USD MILLION)          117

9.2         NORTH AMERICA          117

9.2.1      IMPACT OF RECESSION ON MARKET IN NORTH AMERICA         117

FIGURE 46         NORTH AMERICA: ZINC BATTERY MARKET SNAPSHOT 118

FIGURE 47         US TO DOMINATE ZINC BATTERY MARKET IN NORTH AMERICA FROM 2024 TO 2029    118

TABLE 71           NORTH AMERICA: ZINC BATTERY MARKET, BY COUNTRY, 2020–2023 (USD MILLION)          119

TABLE 72           NORTH AMERICA: ZINC BATTERY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          119

TABLE 73           NORTH AMERICA: ZINC BATTERY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          119

TABLE 74           NORTH AMERICA: ZINC BATTERY MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          120

TABLE 75           NORTH AMERICA: ZINC BATTERY MARKET, BY CHEMISTRY, 2020–2023 (USD MILLION)          120

TABLE 76           NORTH AMERICA: ZINC BATTERY MARKET, BY CHEMISTRY, 2024–2029 (USD MILLION)          120

9.2.2      US         121

9.2.2.1   Significant focus of local companies on developing battery products with improved performance and efficiency to accelerate market growth            121

9.2.3      CANADA            122

9.2.3.1   Increasing government initiatives to reduce greenhouse gas emissions to boost demand 122

9.2.4      MEXICO             122

9.2.4.1   Presence of several zinc-exploring mines to support market growth         122

9.3         EUROPE             123

9.3.1      IMPACT OF RECESSION ON MARKET IN EUROPE            123

FIGURE 48         EUROPE: ZINC BATTERY MARKET SNAPSHOT  124

FIGURE 49         GERMANY TO WITNESS HIGHEST CAGR IN EUROPEAN ZINC BATTERY MARKET        125

TABLE 77           EUROPE: ZINC BATTERY MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 125

TABLE 78           EUROPE: ZINC BATTERY MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 125

TABLE 79           EUROPE: ZINC BATTERY MARKET, BY CHEMISTRY, 2020–2023 (USD MILLION) 126

TABLE 80           EUROPE: ZINC BATTERY MARKET, BY CHEMISTRY, 2024–2029 (USD MILLION) 126

TABLE 81           EUROPE: ZINC BATTERY MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 126

TABLE 82           EUROPE: ZINC BATTERY MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 127

9.3.2      GERMANY         127

9.3.2.1   Ambitious renewable energy goals and grid modernization efforts to contribute to market growth     127

9.3.3      UK         127

9.3.3.1   Significand demand for clean energy storage solutions to foster market growth              127

9.3.4      FRANCE             128

9.3.4.1   Considerable involvement of research institutes in developing next-generation zinc-ion batteries to fuel market growth         128

9.3.5      REST OF EUROPE           129

9.4         ASIA PACIFIC    129

9.4.1      IMPACT OF RECESSION ON MARKET IN ASIA PACIFIC   129

FIGURE 50         ASIA PACIFIC: ZINC BATTERY MARKET SNAPSHOT        130

FIGURE 51         CHINA TO LEAD ZINC BATTERY MARKET IN ASIA PACIFIC DURING FORECAST PERIOD     131

TABLE 83           ASIA PACIFIC: ZINC BATTERY MARKET, BY COUNTRY, 2020–2023 (USD MILLION)     131

TABLE 84           ASIA PACIFIC: ZINC BATTERY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     131

TABLE 85           ASIA PACIFIC: ZINC BATTERY MARKET, BY CHEMISTRY, 2020–2023 (USD MILLION)     132

TABLE 86           ASIA PACIFIC: ZINC BATTERY MARKET, BY CHEMISTRY, 2024–2029 (USD MILLION)     132

TABLE 87           ASIA PACIFIC: ZINC BATTERY MARKET, BY APPLICATION, 2020–2023 (USD MILLION)          132

TABLE 88           ASIA PACIFIC: ZINC BATTERY MARKET, BY APPLICATION, 2024–2029 (USD MILLION)          133

9.4.2      CHINA  133

9.4.2.1   Surging adoption of electric vehicles to drive market    133

9.4.3      JAPAN  133

9.4.3.1   Rapid advances in material science and battery chemistry to augment market growth   133

9.4.4      SOUTH KOREA 134

9.4.4.1   Constant focus on developing innovative zinc battery products to offer lucrative growth opportunities         134

9.4.5      REST OF ASIA PACIFIC  134

9.5         ROW     134

9.5.1      IMPACT OF RECESSION ON MARKET IN ROW    135

FIGURE 52         MIDDLE EAST TO HOLD MAJOR SHARE OF ZINC BATTERY MARKET IN ROW DURING FORECAST PERIOD  135

TABLE 89           ROW: ZINC BATTERY MARKET, BY REGION, 2020–2023 (USD MILLION)          136

TABLE 90           ROW: ZINC BATTERY MARKET, BY REGION, 2024–2029 (USD MILLION)          136

TABLE 91           ROW: ZINC BATTERY MARKET, BY CHEMISTRY, 2020–2023 (USD MILLION)          136

TABLE 92           ROW: ZINC BATTERY MARKET, BY CHEMISTRY, 2024–2029 (USD MILLION)          136

TABLE 93           ROW: ZINC BATTERY MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 137

TABLE 94           ROW: ZINC BATTERY MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 137

9.5.2      MIDDLE EAST  137

9.5.2.1   Increasing demand for energy due to rapid urbanization to fuel market growth              137

TABLE 95           MIDDLE EAST: ZINC BATTERY MARKET, BY COUNTRY, 2020–2023 (USD MILLION)     138

TABLE 96           MIDDLE EAST: ZINC BATTERY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     138

9.5.2.2   GCC countries     138

9.5.2.3   Rest of Middle East            138

9.5.3      AFRICA 139

9.5.3.1   Increasing adoption of reliable energy storage systems to boost demand  139

9.5.4      SOUTH AMERICA           139

9.5.4.1   Investments in renewable energy projects and rising need for reliable energy storage solutions to foster market growth       139

10          COMPETITIVE LANDSCAPE       140

10.1       INTRODUCTION            140

10.2       KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2023     140

TABLE 97           ZINC BATTERY MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2020–2023  140

10.3       REVENUE ANALYSIS, 2019–2023 142

FIGURE 53        ZINC BATTERY MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2019–2023          142

10.4       MARKET SHARE ANALYSIS, 2023             143

FIGURE 54         ZINC BATTERY MARKET SHARE ANALYSIS, 2023 143

TABLE 98           ZINC BATTERY MARKET SHARE ANALYSIS OF TOP PLAYERS VS. OTHER PLAYERS, 2023  143

10.5       COMPANY VALUATION AND FINANCIAL METRICS        146

FIGURE 55         COMPANY VALUATION (USD MILLION), 2023   146

FIGURE 56         FINANCIAL METRICS (EV/EBITDA), 2023            146

10.6       BRAND/PRODUCT COMPARISON          147

FIGURE 57         ZINC BATTERY MARKET: BRAND/PRODUCT COMPARISON              147

10.7       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   147

10.7.1    STARS  147

10.7.2    EMERGING LEADERS    147

10.7.3    PERVASIVE PLAYERS     148

10.7.4    PARTICIPANTS 148

FIGURE 58         ZINC BATTERY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023     148

10.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      149

10.7.5.1 Company footprint            149

FIGURE 59         ZINC BATTERY MARKET: COMPANY FOOTPRINT           149

10.7.5.2 Application footprint         150

TABLE 99           ZINC BATTERY MARKET: APPLICATION FOOTPRINT    150

10.7.5.3 Type footprint     151

TABLE 100         ZINC BATTERY MARKET: TYPE FOOTPRINT      151

10.7.5.4 Chemistry footprint           152

TABLE 101         ZINC BATTERY MARKET: CHEMISTRY FOOTPRINT        152

10.7.5.5 Region footprint  153

TABLE 102         ZINC BATTERY MARKET: REGION FOOTPRINT 153

10.8       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          154

10.8.1    PROGRESSIVE COMPANIES       154

10.8.2    RESPONSIVE COMPANIES          154

10.8.3    DYNAMIC COMPANIES 154

10.8.4    STARTING BLOCKS       154

FIGURE 60         ZINC BATTERY MARKET: EVALUATION MATRIX (STARTUPS/SMES), 2023             155

10.8.5    COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023             156

10.8.5.1 Detailed list of key startups/SMEs   156

TABLE 103         ZINC BATTERY MARKET: LIST OF KEY STARTUPS/SMES              156

10.8.5.2 Competitive benchmarking of key startups/SMEs        156

TABLE 104         ZINC BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES   156

10.9       COMPETITIVE SCENARIO AND TRENDS             157

10.9.1    PRODUCT LAUNCHES  157

TABLE 105         ZINC BATTERY MARKET: PRODUCT LAUNCHES, JANUARY 2020–APRIL 2024             157

10.9.2    DEALS  158

TABLE 106         ZINC BATTERY MARKET: DEALS, JANUARY 2020–APRIL 2024              158

10.9.3    EXPANSIONS    159

TABLE 107         ZINC BATTERY MARKET: EXPANSIONS, JANUARY 2020–APRIL 2024      159

10.9.4    OTHER DEVELOPMENTS           160

TABLE 108         ZINC BATTERY MARKET: OTHER DEVELOPMENTS, JANUARY 2020–APRIL 2024             160

11          COMPANY PROFILES    161

11.1       KEY PLAYERS   161

(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*

11.1.1    DURACELL INC.             161

TABLE 109         DURACELL INC.: COMPANY OVERVIEW 161

TABLE 110         DURACELL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED              162

11.1.2    EASTMAN KODAK COMPANY    163

TABLE 111         EASTMAN KODAK COMPANY: COMPANY OVERVIEW    163

FIGURE 61         EASTMAN KODAK COMPANY: COMPANY SNAPSHOT    164

TABLE 112         EASTMAN KODAK COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED   164

11.1.3    ENERGIZER HOLDINGS, INC.     166

TABLE 113         ENERGIZER HOLDINGS, INC.: COMPANY OVERVIEW     166

FIGURE 62         ENERGIZER HOLDINGS, INC.: COMPANY SNAPSHOT     167

TABLE 114         ENERGIZER HOLDINGS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   167

TABLE 115         ENERGIZER HOLDINGS, INC.: DEALS     168

TABLE 116         ENERGIZER HOLDINGS, INC.: EXPANSIONS        169

TABLE 117         ENERGIZER HOLDINGS, INC.: OTHER DEVELOPMENTS 169

11.1.4    PANASONIC ENERGY CO., LTD. 171

TABLE 118         PANASONIC ENERGY CO., LTD.: COMPANY OVERVIEW 171

TABLE 119         PANASONIC ENERGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED   172

TABLE 120         PANASONIC ENERGY CO., LTD.: EXPANSIONS   172

11.1.5    GP INDUSTRIES              174

TABLE 121         GP INDUSTRIES: COMPANY OVERVIEW 174

FIGURE 63         GP INDUSTRIES: COMPANY SNAPSHOT 175

TABLE 122         GP INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED              175

11.1.6    ABOUND           177

TABLE 123         ABOUND: COMPANY OVERVIEW            177

TABLE 124         ABOUND: PRODUCTS/SOLUTIONS/SERVICES OFFERED              177

TABLE 125         ABOUND: DEALS           178

TABLE 126         ABOUND: EXPANSIONS 180

TABLE 127         ABOUND: OTHER DEVELOPMENTS       181

11.1.7    ENERPOLY AB  184

TABLE 128         ENERPOLY AB: COMPANY OVERVIEW   184

TABLE 129         ENERPOLY AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED              185

TABLE 130         ENERPOLY AB: OTHER DEVELOPMENTS            185

11.1.8    IMPRINT ENERGY          188

TABLE 131         IMPRINT ENERGY: COMPANY OVERVIEW          188

TABLE 132         IMPRINT ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED          189

TABLE 133         IMPRINT ENERGY: PRODUCT LAUNCHES          189

11.1.9    PHINERGY        190

TABLE 134         PHINERGY: COMPANY OVERVIEW         190

TABLE 135         PHINERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED              191

TABLE 136         PHINERGY: DEALS         191

TABLE 137         PHINERGY: OTHER DEVELOPMENTS    192

11.1.10  REDFLOW LIMITED      193

TABLE 138         REDFLOW LIMITED: COMPANY OVERVIEW       193

FIGURE 64         REDFLOW LIMITED: COMPANY SNAPSHOT       194

TABLE 139         REDFLOW LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED          194

TABLE 140         REDFLOW LIMITED: DEALS       195

TABLE 141         REDFLOW LIMITED: OTHER DEVELOPMENTS  197

11.1.11  RENATA SA       201

TABLE 142         RENATA SA: COMPANY OVERVIEW        201

TABLE 143         RENATA SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED              201

11.1.12  SALIENT ENERGY          202

TABLE 144         SALIENT ENERGY: COMPANY OVERVIEW           202

TABLE 145         SALIENT ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED          202

11.1.13  ZAF ENERGY SYSTEMS, INC       203

TABLE 146         ZAF ENERGY SYSTEMS, INC: COMPANY OVERVIEW        203

TABLE 147         ZAF ENERGY SYSTEMS, INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED   204

TABLE 148         ZAF ENERGY SYSTEMS, INC: PRODUCT LAUNCHES        204

TABLE 149         ZAF ENERGY SYSTEMS, INC: OTHER DEVELOPMENTS   205

11.1.14  ZINCFIVE           206

TABLE 150         ZINCFIVE: COMPANY OVERVIEW           206

TABLE 151         ZINCFIVE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              207

TABLE 152         ZINCFIVE: PRODUCT LAUNCHES           208

TABLE 153         ZINCFIVE: DEALS           209

TABLE 154         ZINCFIVE: EXPANSIONS             210

TABLE 155         ZINCFIVE: OTHER DEVELOPMENTS      211

11.2       OTHER PLAYERS           213

11.2.1    ÆSIR TECHNOLOGIES, INC.       213

11.2.2    AETC    214

11.2.3    AZA BATTERY  215

11.2.4    CEGASA             216

11.2.5    ENZINC 217

11.2.6    E-ZINC 218

11.2.7    ISKRA   219

11.2.8    PRIMUS POWER SOLUTIONS     220

11.2.9    SHANDONG HUATAI NEW ENERGY BATTERY CO., LTD. 221

11.2.10  SUNERGY          222

11.2.11  ZN2H2 INC.        223

*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.

12          ADJACENT AND RELATED MARKETS     224

12.1       INTRODUCTION            224

12.2       NORTH AMERICA          224

TABLE 156         NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2019–2022 (USD BILLION)     224

TABLE 157         NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY, 2023–2032 (USD BILLION)     225

TABLE 158         NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)          225

TABLE 159         NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY TYPE, 2023–2032 (USD MILLION)          225

TABLE 160         NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)           226

TABLE 161         NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2023–2032 (USD MILLION)           226

12.2.1    US         227

12.2.1.1 Public–private alliance to strengthen domestic manufacturing base for clean energy future to drive market           227

12.2.2    CANADA            227

12.2.2.1 Abundance of cobalt, lithium, and nickel materials to create lucrative opportunities for battery providers  227

12.2.3    MEXICO             228

12.2.3.1 Increasing investments in lithium-ion battery production to support market growth   228

13          APPENDIX         229

13.1       INSIGHTS FROM INDUSTRY EXPERTS   229

13.2       DISCUSSION GUIDE      229

13.3       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             233

13.4       CUSTOMIZATION OPTIONS      235

13.5       RELATED REPORTS       235

13.6       AUTHOR DETAILS         236