Research Nester’s recent market research analysis on “Zn-air Battery Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global Zn-air battery market in terms of market segmentation by type, voltage type, battery type, energy user, application and by region.
Increasing Shortage of Fossil Fuels and Rising Demand for Renewable Energy to Promote Global Market Share of Global Zn-air Battery Market
The global Zn-air battery market is estimated to grow majorly on account of the increased integration of renewable energy and rising demand for reliable and sustainable energy storage solutions. The rising integration of renewable energy sources like wind and solar power into the grid is projected to fuel the demand for efficient energy storage solutions. In the year 2023, globally, almost one-third of global electricity comes from renewable sources. These factors are expected to bolster the growth of the global Zn-air battery market during the forecasted period. Other than this, the rising advancement in electric vehicles is also projected to propel the adoption of the zinc-air battery. Numerous research institutions and companies are collaborating and working on the parameters that will provide aid in commercializing such kinds of batteries. It has been estimated that by the year 2030, there will be almost 32 million electric vehicles in the world. The inclusion of zinc-air batteries has increased the lifetime of the battery, fueling the growth of the market. The higher capacity of zinc air batteries and various economic advantages are also attracting remarkable investment from numerous leading manufacturers. Various companies are working individually or collaborating also fueling the growth of the global Zn-air battery market during the forecasted period and numerous lucrative opportunities.
Some of the major growth factors and challenges that are associated with the growth of the global Zn-air battery market are:
Growth Drivers:
• Increased Research and Development Activities in Zinc-Air Battery
• Higher Capacity Offered by the Zinc-air Batteries
Challenges:
Health concerns owing to the mercury, disruptions in the supply chain, and shortage of raw materials are some of the major factors anticipated to hamper the global market size of the global Zn-air battery market.
Access our detailed report at:
https://www.researchnester.com/reports/zinc-air-battery-market/5732
By end user, the global Zn-air battery market is segmented into consumer electronics, power tools, and electric vehicles. Out of these, the electric vehicles segment is going to grow at a maximum pace during the forecast period and hold almost 67.1% of the revenue share. For instance, in India, almost 70.1% of tier 1 Indian car consumers are willing to buy electric cars. On the back of this, the segment is projected to bolster remarkable growth.
By region, the Europe Zn-air battery market is to generate the highest revenue by the end of 2036. In the region, there has been a growing focus on curbing greenhouse gas emissions, which is projected to bolster the global Zn-air battery market during the forecast period.
Consult our expert analysts at: [email protected] or contact us at: https://www.researchnester.com/contact for any customized report.
This report also provides the existing competitive scenario of some of the key players of the global Zn-air battery market which includes company profiling of Duracell Inc., Ravoyac, Nantenergy, Electric Fuel Battery Corporation, ZAF Energy System, Varta AG, GP Batteries, IOC Phinergy, Thunderzee Inc., Renata SA, Panasonic Corporation, LG Energy solution, GS Yuasa International Ltd., Toshiba Corporation and others.
Request Report Sample@
https://www.researchnester.com/sample-request-5732
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
Contact for more Info:
AJ Daniel
Email: [email protected]
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919