Zinc Air Batteries Market Analysis By Type(Primary Type, Secondary Type), By Voltage Type(Up to 12 V, 12 V to 36 V, More than 36 V), By Application(Hearing Aids, Alarm System battery, Electric Fencing, Energy Storage, IoT Wearables, LED Lamps, Military, Railway & Road Traffic Signaling) & Forecast

  • 24/03/2023
  • 231
  • Energy & Power
The global zinc-air battery market size was USD 117.5 million in 2020. The market is projected to grow from USD 125.4 million in 2021 to USD 105.6 million in 2028 at a CAGR of 7.8% during the 2021-2028 period.
Zinc-air batteries use oxygen from the air as the cathode and an anode consisting primarily of zinc and an alkaline electrolyte. Zinc-air batteries use oxygen in the air directly to produce electrochemical energy. Oxygen becomes the cathode reactant and diffuses directly into the battery. Air cathodes use an aqueous alkaline electrolyte to catalytically promote the oxygen reaction, but are not consumed or converted during discharge. The cathode is compact, has an almost unlimited capacity, and achieves high energy density due to the additional volume of the zinc anode.

Zinc air batteries are best known for primary applications such as button cells for hearing aids and bulk batteries for industrial applications such as electric fences and rail power supplies. Advantages of zinc-air batteries include flat discharge voltage, safety and environmental benefits, excellent shelf life, and low cost. In addition, zinc-air batteries have a high volumetric energy density compared to most primary batteries. The high energy density of zinc air batteries makes them suitable for portable applications such as electric vehicles and potentially smaller devices such as laptops, allowing commercialization to begin in these markets. Furthermore, the most intensive use of zinc air batteries is in medical and communication applications. Zinc air batteries are the primary power source for today's miniature hearing aids. In hospitals, a 9V zinc battery powers a heart rate monitor. Recently, coin-shaped zinc air batteries have been used in Bluetooth headphones with low-power digital wireless protocols.

Various research and development activities are underway around the world for the use of zinc-air batteries in energy storage systems and electric vehicles. For example, Canadian battery manufacturer Zinc8 Energy Solutions is working on an energy storage system made from zinc-air batteries. Furthermore, the production cost of zinc-air batteries is low compared to other batteries such as lithium-ion batteries and lead-acid batteries, which has led manufacturers to focus on this type of battery. In addition, the high energy density, high specific power and high voltage of these batteries are some of the key factors that create revenue opportunities for manufacturers. Various companies individually work with research and development institutes to further develop the properties of batteries and bring optimal products to market on a large scale. For instance, scientists at the Institute of Nanoscience and Technology (Mohali), India, an autonomous agency of the Department of Science and Technology (DST), have developed efficient bifunctional electrocatalysts with sufficient active specific metal moieties, which indicates impressive oxygen electrocatalytic performance. This material can be further used as a cathode catalyst to influence the high performance of both liquid and solid rechargeable zinc-air batteries.

However, demand for zinc air batteries is severely hampered by the presence of mercury in zinc, which is considered harmful to health. Also, the availability of other substitute such as lithium-ion batteries, which are power efficient and have a longer life span may restrain the zinc air batteries market growth.

Application Insights
By application segment, the market is divided into hearing aids, military equipment, security lamps, and others. Hearing aids dominate the market due to the widespread use of these batteries in small devices. Furthermore, the growing demand for energy storage favours the use of zinc-air batteries due to their properties such as high energy density. These batteries have various enhanced properties compared to Lithium-ion batteries such as energy density which is environmentally friendly and cheaper than Li-ion batteries. For instance, in April 2021, Phinergy signed an MoU with green energy company Doral for an energy storage project. The company is responsible for training, replacement, installation and operation of zinc-air technology at the Doral power plant.

Regional Insights
Asia-Pacific dominates the zinc-air battery market share throughout the forecast period. Japan and China are the world's largest markets for electric vehicles. The introduction of these batteries into electric vehicles presents a promising opportunity for the market growth. Zinc-air battery has a high volumetric energy density and a high specific energy, making it safe and less hazardous. Asia Pacific is an important market as it is considered the manufacturing center for most of the world's electronics.

Furthermore, in Europe, growing interest of government agencies in greenhouse gas emissions will drive the regional market. Several countries, such as France, Argentina and Germany, have set goals to become zero carbon by 2050, encouraging experimentation with zinc-air batteries in those countries. In addition, several projects have been launched to develop next-generation automotive batteries, such as NECOBAUT.

Key Companies Insights
New product launches, market expansions, and partnerships are strategic approaches favoured by most companies in the zinc air batteries business. Duracell, Ravoyac, Varta AG, and GP Batteries are market leaders with well-established supply chains for their product distribution. Furthermore, increasing efforts by major players to improve battery characteristics are expected to create lucrative growth opportunities for the market. For example, in September 2020, Ashok Leyland (India) and Hindustan Zinc Limited (India) collaborated with IIT-Madras to develop a zinc-air battery. Some of the key players operating in the global zinc air batteries market include:
• Berkshire Hathaway
• Duracell Inc.
• Energizer Holdings Inc.
• GP Batteries International Ltd.
• Panasonic Energy Europe NV
• Renata SA
• Sony Electronics Inc.
• Spectrum Brands Inc.
• VARTA Microbattery GmbH.
• Konnoc
• Rayovac (Spectrum)
• Other Players

By Type
• Primary Type
• Secondary Type

By Voltage Type
• Up to 12 V
• 12 V to 36 V
• More than 36 V

By Application
• Hearing Aids
• Alarm System battery
• Electric Fencing
• Energy Storage
o Backup Power
o On-grid Integration with Renewable
o Off-grid Energy Storage
• IoT Wearables
• LED Lamps
• Military
• Railway & Road Traffic Signaling
• Other Applications

By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
• Latin America
o Brazil
o Argentina
o Colombia
o South Africa
o Saudi Arabia
o Egypt

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process

We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).


The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.

Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


Select a license type that suits your business needs

Single User Access

US $4250

Only Four Thousand Two Hundred Fifty US dollar

  • 1 User access
  • 15% Additional Free Customization
  • Free Unlimited post-sale support
  • 100% Service Guarantee until achievement of ROI
Multi User Cost

US $5250

Only Five Thousand Two Hundred Fifty US dollar

  • 5 Users access
  • 25% Additional Free Customization
  • Access Report summaries for Free
  • Guaranteed service
  • Dedicated Account Manager
  • Discount of 20% on next purchase
  • Get personalized market brief from Lead Author
  • Printing of Report permitted
  • Discount of 20% on next purchase
  • 100% Service Guarantee until achievement of ROI
Enterprise User Cost

US $6250

Only Six Thousand Two Hundred Fifty US dollar

  • Unlimited User Access
  • 30% Additional Free Customization
  • Exclusive Previews to latest or upcoming reports
  • Discount of 30% on next purchase
  • 100% Service Guarantee until achievement of ROI