Global Zinc-ion Battery Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By Applications Coverage, By Product Type Coverage, By Geographic Coverage and By Company)
Published Date: Sep 2023 |
Format:
| No. of Pages: 265
Industry: Energy & Natural Resources | Author Name: Harshad
The primary factors projected to drive the zinc-ion battery market expansion include the increasing demand for energy storage, rising demand for high energy density, and increasing demand for safety and stability.
The medical devices sector remains the key application segment in the global zinc-ion battery market. In 2022, the rechargeable batteries category held a significant share in the global market.
The global zinc-ion battery market size was approximately US$9.5 Bn in 2022, which is projected to experience a moderate expansion rate of 4.2% through the end of 2030.
North America, accounting for more than 42% share of the total market revenue, continues to spearhead the global industry for zinc-ion battery.
Yes, one of the important trends that is shaping the market for zinc-ion batteries includes the rapid cost reduction. Zinc-ion batteries would be more commercially feasible and competitive with other battery technologies as a result of a strong trend toward lower production costs.