Zinc Battery Industry to Propagate Globally: Ken Research
Posted on 06 March 2017 by KenResearch Energy and Utilities,
Ken Research has announced its recent publication titled, “Global Zinc Battery Industry In-Depth Investigation and Analysis Report 2017” which highlights the detailed comprehensive analysis of the current state of the industry with a major focus on the Chinese market.
The report explores the Zinc Battery in the global market, particularly in countries including North America, Europe, China, Japan, Southeast Asia and India. It well offers the production, revenue, consumption, and import, export data of the regions catered to, from 2011 to 2016, along with forecasts to 2020.
Report provides a thorough knowledge of the historical information, forecasts, company profiles, technologies, market outlook, industry market trends and related parameters within the Zinc Battery Industry.
The compounded annual growth rate of zinc battery industry had been 2.1% for the years of review. While, industries of the zinc batteries in countries namely United States, Europe, Japan, and China have recently reckoned for 45% of the global consumer market share.
At present, the demand for portable batteries has been increasing on a daily basis since with technological improvement; high-energy pulse coupled with the battery has formed a portable device that is 60% smaller than the usual devices and even the pulse power along with batteries have delivered long-term power solutions to high-end portable sophisticated devices. The alkaline battery type segment has posed a threat to this industry during 2015 and is expected to retain its market position by the end of 2020 but the zinc batteries still carry the importance that they have had since the very beginning and consumers resist from switching to new kind of batteries as they are costly in comparison too.
The average output growth rate of the industry in China has been registered as 2.5% and it is further trusted that it will augment speedily with an average growth rate of 2.4% in the coming years. The demand for this industry is forecasted to ameliorate unceasingly as the market of zinc battery industry veers to be concentrated in economic developed regions and the consumer markets in the region of emerging economies like China, India, Brazil, etc are on the ascend.
The global market for primary zinc batteries is projected to grow moderately at a CAGR of over 4% by 2020 and even more progress is further expected in the years to proceed after 2020 with innovations coming up and demand for much needed batteries rising as well.
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