Zinc-Air Batteries Market Value is Likely to Soar Around US$ 2,848.90 Mn by 2026
Zinc–air batteries store electrochemical energy. They are used to power a large number of electronic gadgets and appliances used in day-to-day life. Zinc–air batteries are commonly used in small devices such as watches, hearing aids, and pagers. High energy density is the key property of zinc–air batteries. A zinc–air battery consists of a zinc anode and a cathode. Atmospheric oxygen comes in contact with the cathode and reacts to form hydroxyl ions. These ions combine with zinc paste to form zincate. Electricity is generated as a result of these reactions. Zinc–air batteries are 30% to 50% less expensive than lithium-ion batteries and they do not pose the same fire risk associated with lithium-ion batteries. In addition, zinc–air batteries can match or surpass lithium-ion batteries in terms of specific energy as well as energy density. Moreover, raw material required for the production of zinc–air batteries i.e. zinc is inexpensive and widely available.
Zinc–air batteries are highly employed in hearing aids. These batteries provide a steady supply of power, thereby ensuring proper functioning of hearing aids. Low weight is a major factor that drives the demand for zinc–air batteries from the hearing aids industry. Manufacturers such as Panasonic are engaged in the production of zinc–air batteries that are ideal for new-generation, digital hearing aids. Zinc–air batteries supply reliable power in various temperature conditions. These factors along with cost-effectiveness are likely to propel the demand for zinc–air batteries for use in hearing aids. Demand for zinc–air batteries in the remote signaling & communications sector is also rising. Large-sized zinc–air batteries are employed as cells for telecommunication and railway remote signaling; safety lamps at road and rail construction sites; and as a power source for electric fences.
The information Presented in this Review is Based on Press-Release by TMR
Demand for rechargeable zinc–air batteries in the consumer electronics sector is increasing. Due to rapid urbanization and increasing number of earning individuals in a family, the disposable income of people across the world has increased. The standard of living of individuals belonging to the middle class is improving. This, in turn, is enabling them to purchase gadgets such as laptops, smartphones, and smart wearables. Manufacturers strive to produce rechargeable zinc–air batteries for electric vehicles, due to their features such as high energy density and low prices of raw materials.