Zinc-Bromine Battery Market

Global Zinc-Bromine Battery Market is valued at USD 36.80 Billion in 2021 and is expected to reach USD 172.54 Billion by 2028 with a CAGR of 24.7% over the forecast period.

Global Zinc-Bromine Battery Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2021-2028: Increasing demand for zinc-bromine batteries in renewable energy, rising adoption of electric vehicles, and growing demand for batteries are some of the major factors driving the growth of the Global Zinc-Bromine Battery Market.

Scope of Global Zinc-Bromine Battery Market Report:-

A zinc-bromine battery is a rechargeable battery system that uses a reaction between zinc metal and bromine to create an electric current with an electrolyte made up of an aqueous solution of zinc bromide. Lithium-ion batteries are being developed as an alternative for static energy applications, from domestic to grid-scale. Compared to lithium-ion battery systems, water-based electrolyte battery systems are more likely to overheat and fire. There are two types of zinc-bromine battery and these are normal zinc-bromine battery and zinc-bromine gel battery. Zinc bromine batteries consist of two compartments with two different electrolytes. The two compartments are separated by a micropores polyolefin membrane. One electrolyte is triggered when a positive reaction occurs & another electrolyte is triggered when a negative reaction occurs. Zinc-bromine batteries have higher energy densities than conventional batteries, such as lead-acid batteries. These batteries are rechargeable therefore; they have a longer service life than other types of batteries. Zinc-bromine batteries also have lower production costs than other batteries.

The Covid-19 pandemic has also impacted the growth of the global zinc-bromine battery market. During Covid-19, the zinc-bromine battery industry has been hit hard and the production unit was facing a shortage of manpower for production work. However, zinc-bromine batteries are used as a source of power and backup for medical instruments because of their low weight and high charge value. During pandemic, zinc-bromine battery manufacturers have the opportunity to take advantage of this increased industrial & commercial demand to ensure an adequate & continuous supply of products to meet the market demand. However, disturbance in the supply chain network affected the market growth.

Global Zinc-Bromine Battery Market Segmentation:-

The global Zinc-Bromine battery market is segmented on the basis of the type, application, end-use, and region & country level. On the basis of type, the global Zinc-Bromine battery market is segmented into normal Zinc-Bromine batteries and Zinc-Bromine gel batteries. By application, the global Zinc-Bromine battery market is segmented into electrical & electronics, automotive, renewable energy, power industry, and others. By end-user, the global market is segmented into industrial, and domestic.

By Type:

• Normal Zinc Bromine Battery
• Zinc Bromine Gel Battery

By Application:

• Electrical & Electronics
• Automotive
• Renewable Energy
• Power Industry
• Others

By End-User:

• Industrial
• Domestic

Key Players of Global Zinc-Bromine Battery Market Report:-

Some major key players for the global Zinc-Bromine battery market report cover prominent players like

• Sandia National Laboratories
• Smart Energy
• CoverTel Power
• Primus Power
• ZBB Energy Corporation
• RedFlow Limited
• Wisconsin
• ZBEST Power
• Others.

Recent Developments

News- Gelion Delivered 100 MWh of Zinc-Bromide Battery Storage For Papua New Guinea Project

On November 10^th, 2021; Gelion Technologies announced another partnership with Mayur Renewables, which means to develop a sustainable power portfolio in Papua New Guinea. The recently signed memorandum of understanding (MoU) will see Gelion supply Mayur Renewables, a division of Sydney-recorded Mayur Resources, with its zinc-bromide Endure batteries. Gelion is right now carrying the Endure batteries to full commercialization. It is at first hoping to convey 100 MWh of energy stockpiling to Mayur from 2022 to 2027.

Zinc-Bromine Flow Battery and Modular H2 Electrolyser Companies Launched Megawatt-Scale Products

On May 13^th, 2021; Australian Flow Battery energy storage company Redflow entered the ""high voltage, high-capacity grid-scale future"" by unveiling a new system designed to be deployed at the 2MWh project in California. Redflow makes a redox flow battery based on zinc-bromine electrolyte chemistry that should be able to last longer and carry out many cycles without deterioration.

Sydney Uni Launched Gelion Zinc-Bromide Scalable Battery

On February 28^th, 2019; Researchers at the University of Sydney launched a scalable zinc-bromide battery under the brand Galilean Technologies. The platform, Gelion Endure, depends on protected, minimal expense zinc-bromide innovation created by Professor Maschmeyer. The system will give a versatile strategy to store renewable energy. The organization intends to launch the system into the $70 billion worldwide energy storage market.

Increasing Demand for Zinc-Bromine Battery in Renewable Energy, Rising Need of Electric Vehicles, and Growing Demand for Batteries are Some of the Major Factors Driving the Market Growth

One of the major factors driving the growth of the Zinc-Bromine battery market is the increasing demand for zinc-bromine batteries in renewable energy. As the supply of renewable energy develops, energy storage becomes more significant. Bromine-based storage innovations are a profoundly proficient and cost-effective electro- chemical energy storage arrangement, giving a scope of choices to effectively manage energy from renewable sources, limiting energy loss, lessening overall energy use and cost and protecting security of supply. There are a few huge sites all over the planet involving Bromine flow batteries to help adjusting energy deficiency. For instance; according to The International Bromine Council; the U.S. Department of Defense involves Zinc-Bromine batteries for its military microgrid at the Marine Corps Air Station in Miramar California. The Bromine-based innovation, given by Primus Power, was picked for its lengthy duration, dependability and minimal expense after detailed and has helped with further developing energy security, advance energy effectiveness and reduce dependence on fossil fuels.

In addition, the rising need of electric vehicles is also supplementing the demand for zinc-bromine battery. The growing trend of commercialization of electric vehicles is expected to provide lucrative growth for the zinc-bromine battery. Zinc-bromine and vanadium oxide batteries are used to charge electric automobiles. Design projection for zinc-bromine batteries is striking for electric vehicle applications in terms of low manufacturing costs and excellent performance characteristics. Therefore, increasing demand of electric vehicle drives the zinc-bromine battery market. For example; according to International Energy Agency (IEA), in 2020, electric vehicle deals arrived at a record 3 million, up 40% from 2019. There are now over 10 million electric vehicles on the road, addressing ~1% of the worldwide vehicle stock. For 2030, the Net Zero Emissions by 2050 Scenario projects 300 million electric vehicles on the road and they represent more than 60% of new vehicle deals, contrasted and just 4.6% in 2020.

Moreover, the growing demand for batteries is another factor boosting the Zinc-Bromine battery market. Increased demand for batteries in energy management, backup power, frequency regulation, voltage support, and grid stabilization is expected to drive demand for Zinc-Bromine batteries within the forecast period.

However, the high cost associated with Zinc-Bromine battery is may hinder the growth of the global zinc-bromine battery market. In spite of that, an increase in investments in rural electrification may create more opportunities for the further growth of the market.

Asia Pacific is Expected to Dominate the Global Zinc-Bromine Battery Market

The Asia Pacific is expected to dominate the global Zinc-Bromine battery market due to rising adoption of electric vehicles, and the presence of key players in this region. For instance, according to India Brand Equity Foundation, the Indian EV market is also growing rapidly as nearly 0.32 million vehicles were sold in 2021, an increase of 168%.

Geographically, North America is expected to show significant growth in the global Zinc-Bromine battery market within the forecast period due to the increasing adoption of electric vehicles, rising demand for Zinc-Bromine batteries from the commercial and technological advancements in this field in this region. In addition, rising number of product launches by key players also is also supplementing the market growth in this region. For instance; as per the news published on February 27^th, 2019; Gelion launched a Zinc-Bromine gel battery to take on lithium mainstays.

On Special Requirement Zinc-Bromine Battery Market Report is also available for the below Regions and Countries:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 36.80 Billion
Base year considered	2021
Forecast Period CAGR %:	24.7%
Market Size Expected in 2028:	USD 172.54 Billion
Tables, Charts & Figures:	175
Pages	200
Zinc-Bromine Batteries Manufacturers:	Sandia National Laboratories, Smart Energy, CoverTel Power, Primus Power, ZBB Energy Corporation, RedFlow Limited, Wisconsin, ZBEST Power, and others.
Segments Covered	By Type, By Application, By End-User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 

Key Benefits of Global Zinc-Bromine Batteries Market Report:-

• Global Zinc-Bromine Batteries Market report covers in-depth historical and forecast analysis
• Global Zinc-Bromine Batteries Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and Country Level.
• Global Zinc-Bromine Batteries Market report helps to identify opportunities in the marketplace.
• Global Zinc-Bromine Batteries Market report covers extensive analysis of emerging trends and the competitive landscape.