Zinc air batteries market to hit $398.1 million

By the year 2017, the global zinc air batteries market has been predicted to hit a total market value of $398.1 million.

During the 2007-2009 world economic recession, the zinc-air batteries market fared relatively well compared to other industry segments. Post recession recovery was aided by resurgence in adoption of popular products such as MP3 Players, laptops, and other handheld electronic devices such as mobile phones and PDAs.

Growth with the zinc air batteries market looks set to be driven by the robust demand from the hearing aids sector, and expanding opportunities from relatively new emerging application areas such as automotive, portable electronics, military applications, consumer products, and medical equipment.

Furthermore, a vast amount of technological developments and strong demand from developing regions, particularly Asia-Pacific, looks set to fuel market growth.

The automotive sector looks set to fuel long term growth with the zinc air batteries market, and have been forecast to expand at a high rate of 10.2%.

The European and US regions dominate the zinc air batteries market, however, although trailing in terms of size, Asia-Pacific is set to drive ahead of other regions at a compound annual growth rate (CAGR) of 7%.

For more information on the zinc air batteries market, see the latest research: Zinc Air Batteries Market Report