Global Market for Zinc-Air Batteries to Reach $400.8 Million by 2017, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Zinc-Air Batteries market. The global market for zinc-air batteries is forecast to reach $400.8 million by the year 2017, driven by mounting demand from largest end-use market of hearing aid devices. Growing incidence of aging population world over, environmental concerns, technological innovations and rise in consumer awareness are some of the main growth drivers catapulting the market towards rapid expansion. In addition, other emerging end-use markets such as defense, automotive and electronics will further provide the necessary traction for future growth and development. Developing economies including Asia-Pacific, aided by rapidly proliferating markets of China and India are slated to take the global zinc-air batteries market to the next level.

Zinc-Air Batteries: A Global Strategic Business Report

Zinc-air is an emerging battery technology that offers inexpensive solution while simultaneously providing larger storage capacity than lithium-ion batteries. Medical applications such as hearing-aid devices form a mammoth share of the overall demand for zinc-air batteries, mainly on account of attributes such as longer durability, superior performance, dependability and cost effectiveness. Other intrinsic features including low discharge voltage, lightweight, eco-friendliness, high energy density and non-toxic made the technology favorable among various emerging end-user markets of electronics, automotives, and defense/military. The arrival of sophisticated digital devices packed with latest features suited for longer use has provided traction to increased R&D activities in the areas of advanced battery chemistries. This has resulted in improved performance of batteries in terms of longevity and energy density. The developments of zero-mercury zinc-air (ZnO2) battery and mercury-free silver oxide button cell battery are few instances of major breakthroughs in technology for battery chemistries. Rechargeable batteries are currently the new vogue, being environmentally friendly as well as cheaper than non-rechargeable batteries. Several battery manufacturers are packaging batteries using recycled materials. Refillable zinc-air batteries are now being successfully utilized in running variety of electric vehicles ranging from forklifts, ambulances, personal automobiles and delivery vans.

Rising age of baby boomers, especially in the US, longer life-spans, high-volume capacity audio systems and growing environmental noise pollution have significantly augmented the demand for hearing aids, which in turn resulted in a burgeoning market for zinc-air batteries. Innovations in hearing aid devices and hearing aid batteries go hand-in-hand, and any technological development in one area would be futile without corresponding advancement in the other. Proliferation in the portable consumer electronics products such as video cameras, audio players, cell phones, PDAs, laptops, and hand-held computers also increased the demand for high-powered zinc-air batteries. With increased power requirements of advanced electronic devices, hearing aids and other digital equipment, the demand for zinc-air chemistry holds strong promise for the future.

The European and US markets for zinc-air batteries lead the way, as stated by the new research report on Zinc-air Batteries. The Asia-Pacific market although lagging behind in terms of size, is projected to forge ahead of other world regions at a CAGR of 7.0% through 2017.

By end-use segment, Hearing Aids is the undeniable market frontrunner. However long-term market growth will be driven by the Automotive segment, which is projected to expand at a high rate of 10.2% over the analysis period. Other emerging markets including military, portable electronics and medical devices are also likely to gain increasing importance in the future.

Key participants profiled in the report include Electric Fuel Battery, Corp., Energizer Holdings, Inc., eVionyx, Inc, Duracell International, Inc., GP Batteries International Ltd, iCellTech Corp., Power-One, Inc., Powerzinc Electric, Inc., Renata SA, Toshiba Battery Co. Ltd, Spectrum Brands, Inc., Rayovac Corporation, VARTA Consumer Batteries GmbH & Co. KgaA and ZeniPower (Zhuhai Zhi Li) Battery Co., Ltd, among others.

The research report titled “Zinc-Air Batteries: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry overview, trends, technological advances, zinc market, product overview, recent industry activity, and profiles of market players worldwide. Analysis and overview is presented for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific and Rest of World. Market analytics are provided in terms of terms of Value (US$) for end-use segments including Hearing Aids, Automotive and Others. The study also presents historic data for an insight into market evolution over the period 2003 through 2008.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Zinc_Air_Batteries_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
E-mail: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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