AQUEOUS ZINC-ION BATTERIES MARKET

KEY FINDINGS

1. The growth of the market is attributed to the increasing adoption of electric vehicles (EVs), the development of new EV bus technologies, and government support for EVs.
2. EVs are becoming increasingly popular due to their environmental benefits and lower operating costs. Aqueous zinc-ion batteries are a promising alternative to lithium-ion batteries for EVs due to their lower cost, higher safety, and longer lifespan
3. EV buses are gaining traction in urban areas due to their reduced emissions and noise pollution. Aqueous zinc-ion batteries are well-suited for EV buses due to their low cost, high energy density, and fast charging capability.
4. Aqueous zinc-ion batteries have a lower energy density than other types of batteries, such as lithium-ion batteries. This means that aqueous zinc-ion batteries need to be larger and heavier than other types of batteries to achieve the same range.
5. There are a number of technical challenges that need to be addressed before aqueous zinc-ion batteries can be widely commercialized. For example, researchers need to develop new materials and electrolytes to improve the performance and reliability of aqueous zinc-ion batteries.
6. Governments around the world are providing subsidies and other incentives to promote the adoption of EVs. This support is helping to drive the demand for aqueous zinc-ion batteries.
7. The growing deployment of renewable energy sources, such as solar and wind power, is driving the demand for energy storage solutions. Aqueous zinc-ion batteries are a promising energy storage solution due to their low cost, safety, and scalability.
8. Many consumers and businesses are not aware of the benefits of aqueous zinc-ion batteries. This lack of awareness is hindering the adoption of aqueous zinc-ion batteries.
9. The cost of aqueous zinc-ion batteries is still higher than lithium-ion batteries. However, the cost of aqueous zinc-ion batteries is expected to come down as the technology matures and production scales up.
10. The increasing demand for aqueous zinc-ion batteries is creating opportunities for battery manufacturers. Companies that can produce high-quality, cost-effective aqueous zinc-ion batteries are well-positioned to benefit from the growth of the market.
11. Aqueous zinc-ion batteries can be integrated with other energy systems, such as solar panels and wind turbines. Companies that develop integrated energy solutions are well-positioned to benefit from the growing demand for aqueous zinc-ion batteries

INTRODUCTION

Aqueous zinc-ion batteries are a type of metal-ion battery that has the potential to be a more cost-effective and sustainable alternative to lithium-ion batteries.

The global aqueous zinc-ion batteries market is the market for rechargeable batteries that use zinc as the anode and an aqueous electrolyte.

ZIBs have the potential to be used in electric vehicles as a more cost-effective and sustainable alternative to lithium-ion batteries. ZIBs are also less flammable than lithium-ion batteries, which makes them safer for use in electric vehicles.

 ZIBs can be used in portable electronics, such as smartphones and laptops. ZIBs offer a number of advantages over lithium-ion batteries for portable electronics, including higher safety, longer cycle life, and lower cost.

The global aqueous zinc-ion batteries market is a growing market with a number of investment opportunities. Aqueous zinc-ion batteries are a type of rechargeable battery that uses zinc as the anode and a zinc-containing compound as the cathode. They are a promising alternative to lithium-ion batteries due to their lower cost, higher safety, and longer lifespan.

ZIBs are also being investigated for use in other applications, such as marine batteries, aviation batteries, and military batteries.

 AQUEOUS ZINC-ION BATTERIES MARKET SIZE AND FORECAST

 The  global Aqueous Zinc-Ion Batteries market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

EPRI and ABB have partnered to develop aqueous zinc-ion batteries for grid-scale energy storage. The goal of the partnership is to develop and commercialize a low-cost, safe, and sustainable aqueous zinc-ion battery for grid-scale applications.

Jinko Power, a Chinese solar panel manufacturer, is planning to invest $1.2 billion in aqueous zinc-ion battery production. The company plans to build a 10 GWh aqueous zinc-ion battery factory in China.

Form Energy, a US-based startup, raised $450 million in funding to commercialize its aqueous zinc-ion battery technology. The company plans to use the funding to build a 100 MWh pilot plant and to accelerate the development of its aqueous zinc-ion batteries for commercial applications.

Zinc8, a UK-based startup, raised $30 million in funding to commercialize its aqueous zinc-ion battery technology. The company plans to use the funding to build a 20 MWh aqueous zinc-ion battery factory in the UK and to accelerate the development of its aqueous zinc-ion batteries for commercial applications.

AQUEOUS ZINC-ION BATTERIES MARKET TRENDS

The Asia Pacific region is expected to be the largest market for aqueous zinc-ion batteries during the forecast period, owing to the high adoption of EVs in the region, particularly in China.

The global aqueous zinc-ion batteries market is expected to grow significantly in the coming years, driven by the increasing demand for electric vehicles and energy storage systems.

ABB and the Electric Power Research Institute (EPRI) announced a partnership to develop aqueous zinc-ion batteries for grid-scale energy storage. The goal of the partnership is to develop and commercialize a low-cost, safe, and sustainable aqueous zinc-ion battery for grid-scale applications.

Jinko Power, a Chinese solar panel manufacturer, announced plans to invest $1.2 billion in aqueous zinc-ion battery production. The company plans to build a 10 GWh aqueous zinc-ion battery factory in China.

Zinc8, a UK-based startup, raised $30 million in funding to commercialize its aqueous zinc-ion battery technology. The company plans to use the funding to build a 20 MWh aqueous zinc-ion battery factory in the UK and to accelerate the development of its aqueous zinc-ion batteries for commercial applications.

Form Energy is building a 100 MWh pilot plant for its aqueous zinc-ion batteries in West Virginia. The company plans to start production in 2024.

Zinc8 is building a 20 MWh aqueous zinc-ion battery factory in the UK. The company plans to start production in 2024.

Hi-tech Power is building a 10 GWh aqueous zinc-ion battery factory in China. The company plans to start production in 2025.

Aquion Energy is building a 1 GWh aqueous zinc-ion battery factory in Pennsylvania. The company plans to start production in 2025.

AQUEOUS ZINC-ION BATTERIES MARKET RECENT DEVELOPMENT

Researchers from Tarbiat Modares University (TMU), in Iran, have announced developing a high-performance, extremely long-lasting rechargeable zinc battery.

The negative electrode of their device is made up of mixed ZnCO3 and MnCO3 grafted onto graphene aerogel (ZMG), and the positive electrode is made up of nanotubular sulfidated Ni-Co-Fe layered double hydroxide (LDHS).

“Renewable energy sources can supply the input energy needed to charge the battery. Keep in mind that for effective charging, the solar panel’s voltage needs to be higher than 20–30% of the battery’s working voltage, according to an assistant professor at TMU’s Department of Analytical Chemistry. 

It produced very high specific energy (568 W h kg1 cathode), specific power (429 kW kg1 cathode), good capacity (356 mA h g1 cathode at 12 A g1), rate capability (108 mA h g1 cathode at 300 A g1), and a high output voltage (1.8 V).

Thanks to an electrochemical pulse-driven regenerative mechanism, the device also demonstrated what is referred to as “exceptional cycling stability,” with 99.2% capacity retention after 17,000 cycles at 100% depth of discharge.

AQUEOUS ZINC-ION BATTERIES MARKET NEW PRODUCT LAUNCH

Zinc8, a UK-based startup, launched its first commercial aqueous zinc-ion battery product in 2023. The company’s battery is designed to be easy to install and operate, making it well-suited for a variety of applications, including commercial and industrial backup power.

Hi-tech Power, a Chinese company, launched its first commercial aqueous zinc-ion battery product in 2023. The company’s battery is resistant to dendrite formation, which is a major challenge facing aqueous zinc-ion batteries.

Aquion Energy, a US-based company, launched its first commercial aqueous zinc-ion battery product in 2023. The company’s battery is made from sustainable materials and is recyclable, making it a good choice for environmentally conscious consumers and businesses.

AQUEOUS ZINC-ION BATTERIES MARKET SEGMENTATION

Aqueous Zinc-Ion Batteries Market By Product Type

• Zincate-based batteries
• Zinc bromide batteries
• Zinc chloride batteries
• Other

Aqueous Zinc-Ion Batteries Market By Application

• Electric vehicles
• Energy storage
• Consumer electronics
• Backup power
• Other

Aqueous Zinc-Ion Batteries Market By End User

• commercial
• industrial
• residential

Aqueous Zinc-Ion Batteries Market By Region

• USA
• Europe
• China
• Asia Ex China
• ROW

AQUEOUS ZINC-ION BATTERIES MARKET COMPANY PROFILES

• Form Energy (USA)
• Zinc8 (UK)
• HiTech Power (China)
• Aquion Energy (USA)
• EPRI (USA)
• ABB (Switzerland)
• Jinko Power (China)
• Skeleton Technologies (Estonia)
• Ambri (USA)
• Innolith (Germany)
• Eos Energy (USA)
• Primus Power (Canada)

THIS AQUEOUS ZINC-ION BATTERIES MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. Global Aqueous Zinc-ion Batteries Market size and Forecast, by region, by application 
2. Average B-2-B price for Global Aqueous Zinc-ion Batteries Market, by region, per user
3. Technology trends and related opportunity for new Global Aqueous Zinc-ion Batteries Market tech suppliers
4. Global Aqueous Zinc-ion Batteries Market share of leading vendors, by region
5. The market size (both volume and value) of the Global Aqueous Zinc-ion Batteries Market in 2024-2030 and every year in between.
6. What are the government regulations that are impacting the Global Aqueous Zinc-ion Batteries Market?
7. Where is the Global Aqueous Zinc-ion Batteries Market manufactured? What is the average margin per unit?
8. How are Global Aqueous Zinc-ion Batteries Market manufacturers addressing these challenges?
9. What are the key investment opportunities in the Global Aqueous Zinc-ion Batteries Market?
10. What are the key projects planned or underway in the Global Aqueous Zinc-ion Batteries Market?
11. What are the advantages and disadvantages of aqueous zinc-ion batteries compared to other types of batteries, such as lithium-ion batteries?
12. What are the future growth prospects of the global aqueous zinc-ion batteries market?