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3. Zinc Battery Companies - Duracell Inc. (US) and Panasonic Energy Co., Ltd. (Japan) are the Key Players

The global zinc battery market size is estimated to be USD 1.0 billion in 2024 and is projected to reach USD 2.0 billion by 2029, at a CAGR of 13.6% during the forecast period. The key factors fuelling the growth of this market are abundance of zinc metal, benefits over other battery technologies, and increasing investments globally in the grid infrastructure.

Major players operating in the zinc battery market achieved their positions by launching new and innovative products. Various major players dominating the zinc battery market include Eastman Kodak Company (US), Panasonic Energy Co., Ltd. (Japan), Duracell Inc. (US), and Energizer Holdings, Inc. (US). Various companies are implementing diverse approaches to thrive in the zinc battery industry. These firms emphasize the utilization of both organic and inorganic expansion tactics, including the introduction and enhancement of products, forging partnerships and contracts, expanding their operations, and acquiring other entities. These strategies aim to bolster their market standing.

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Major Zinc Battery companies include:

• Eastman Kodak Company (US)
• Panasonic Energy Co., Ltd. (Japan)
• Duracell Inc. (US)
• Energizer Holdings, Inc. (US)
• ZincFive (US)
• Phinergy (Israel)
• GPIndustrial (China)
• ABOUND (Canada)
• ZAF Energy Systems, INC (US)
• Renata SA (Switzerland)
• Enerpoly AB (Sweden)

Duracell Inc. (US): 

Duracell Inc. is a manufacturer of high-performance alkaline batteries, rechargeables, and specialty cells. Duracell powers many devices worldwide such as game console controllers, baby monitors, flashlights, smoke detectors, and popular toys like the Monster Jam RC trucks. Since the launch of its brand in 1965, it has expanded its presence to become a renowned global consumer icon, celebrated for its unwavering dedication to quality, reliability, and pioneering innovation. Duracell Inc. has spearheaded numerous industry breakthroughs, pioneering the first alkaline AA and AAA batteries as well as the inaugural hearing aid cell button. Its batteries achieved historic milestones by being the first to reach the moon and powering the initial Logitech wireless mouse, revolutionizing computer usage. The company's commitment to innovation endures, exemplified by products like the Duracell Ultra Power, recognized as its premier and most potent alkaline battery for all devices. The company offers hearing aid batteries such as hearing aid battery 10, 13, 312, and 675. It has a well-established global distribution network that reaches a wide range of retailers that allows for efficient product placement and accessibility for zinc batteries. It has extensive experience in marketing batteries to consumers which is used to create compelling marketing campaigns to educate consumers about the benefits of zinc batteries.

Panasonic Energy Co., Ltd.  (Japan): 

Panasonic Energy Co., Ltd. specializes in the development, manufacturing, and sales of various types of batteries, including primary batteries such as dry batteries and lithium primary batteries, cylindrical lithium-ion batteries designed for automotive applications, lithium-ion batteries tailored for industrial or consumer use, storage battery modules, and nickel-metal hydride batteries. Its global operations encompass various sectors such as automotive batteries, facilitating the transition to electric mobility; industrial batteries, ensuring the reliability of critical social infrastructure such as data centers, home storage battery systems, medical equipment, and meters; and dry batteries. The company provides zinc air batteries such as PR230, PR13, PR312, and PR675 that are widely used in medical applications. Their large production capacity allows them to benefit from economies of scale, potentially offering competitive pricing and cost-efficiency in zinc battery production. It has a total of 20 sites across the globe out of which 9 are in Japan. It has a robust geographical presence in major regions such as Asia Pacific, North America, South and Central America, and Europe.

Energizer Holdings, Inc. (US): 

Energizer Holdings, Inc. along with its operating subsidiaries, is a global leader in diversified household products, encompassing batteries, auto care, and portable lighting solutions. Energizer Holdings, Inc. provides a comprehensive range of household batteries, encompassing primary, rechargeable, specialty, and hearing aid variants, employing diverse technologies such as lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide. These products are available worldwide under the Energizer, Eveready, and Rayovac brands, including hearing aid batteries, and under the Varta brand in Latin America and the Asia Pacific region. Its portfolio caters to various performance, premium, and price segments.. The company provides zinc air batteries such as Energizer size 312, Energizer Size 13, Energizer Size 10, Energizer Size 675 that are used in medical applications. The company focuses on expanding its facilities. For instance, in May 2023, Energizer Holdings, Inc. announced its plans to invest USD 43 million in expanding manufacturing operations and workforce in Asheboro, North Carolina. The company has been spending around 1.1% of its annual revenues on R&D of newer technologies.

Eastman Kodak Company (US):

Eastman Kodak Company is a global manufacturer specializing in commercial print and advanced materials and chemicals. Kodak Eastman Company is a well-established brand known for its innovation and quality in the industry. Kodak Eastman has a history of technological innovation, which the company leverages for the development of zinc battery technology, potentially leading to unique and competitive products. The company offers a broad range of zinc batteries such as Hearing Aid Batteries 10,13, 312, and 675. It already has an established network of distribution channels worldwide, which can facilitate the introduction and marketing of zinc batteries to a wide range of consumers. The company has a strong presence across the globe with offices in major regions such as the Americas, Europe, the Middle East, and Asia Pacific. The company is increasingly investing in research and development of newer products catering to various industries. For instance, the total spent by the company on R&D stood at 2.8% of its annual revenue in 2022 while it rose to around 3.0% in 2023.

Related Reports:

Zinc Battery Market by Battery Type (Zinc-air, Nickel-zinc, Zinc-ion, Zinc-bromine), Rechargeability (Primary & Secondary), Application (Medical, Utilities, Automotive & Transportation, Industrial, Consumer Devices) and Region - Global Forecast to 2029

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