Global Zinc-based Battery Market Research and Forecast, 2018-2023
Global zinc-based battery market, size, share, market intelligence, company profiles, market trends, strategy, analysis, forecast 2018-2023
According to OMR analysis, the global zinc-based battery market is estimated to grow significantly during the forecast period 2018-2023. The pivotal factors that are expected to boost the growth of the zinc-based battery market include increasing demand for rechargeable batteries in surging consumer electronics industry, abundance of zinc, and rapidly increasing electronic vehicles market across the globe. Moreover, lower cost of zinc-based batteries coupled with large-scale power storage makes it better alternative for lithium-ion batteries. In addition, technological advancements in aqueous zinc-ion batteries along with rising number of start-ups are expected to provide opportunities to the market.
Furthermore, the global zinc-based battery market is segmented on the basis of type, end-user and regional outlook. The report provides detailed & insightful chapters which include market overview, key findings, strategic recommendations, market estimations, market determinants, key company analysis, market insights, company profiling, market segmentation, geographical analysis, analyst insights and predictive analysis of the market.
Surging electronic vehicles demand across the globe is primarily boosting the market. As of now, lithium-ion batteries are being used by several electric vehicles makers as they intend to provide large-scale power storage. However, with the entrance of zinc-based batteries, which are one of several potential alternatives to lithium-ion batteries, electric vehicle makers are shifting towards low-cost and equal power storage capacity zinc-based batteries. As per International Energy Agency (IEA), electric vehicles market witnessed record global sales of around 1.1 million electric cars in 2017 which is 54% more as compared to 2016. This has led to a global electric car stock of more than 3 million. These facts and figures reflect the significant demand of electric vehicle across the globe which might spur the zinc-based batteries demand in these vehicles.
Geographically, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia-Pacific region is expected to dominate the market over the forecast period owing to surging consumer electronics industry in the region. Moreover, electric vehicles sales in the region has been significant. According to IEA, China accounted for nearly half of the electric vehicle sales in 2017 which may spur the demand of zinc-based batteries market in the region. North America and Europe are expected to follow Asia-Pacific region in terms of revenue generation.
The report covers
Comprehensive research methodology of global zinc-based battery market.
This report also includes a detailed and extensive market overview with analyst insights & key market trends.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global zinc-based battery market.
Insights about market determinants which are stimulating the global zinc-based battery market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.
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