12/12/2006 - NewswireToday -- Palo Alto, CA, United States, Frost & Sullivan finds that World Zinc-air Battery Market earned revenues of $251.4 million in 2005 and estimates this to increase due to increasing importance gained for the zinc-air battery utilization.
Zinc-air technology is a cost effective simple technology, which finds its major application in hearing aid devices. This technology could be utilized for alternative solutions in the automotive sector and the portable electronics sector. The lack of awareness among the customers impedes the growth of this market with few manufacturers in the market.
Frost & Sullivan finds that World Zinc-air Battery Market earned revenues of $251.4 million in 2005 and estimates this to increase due to increasing importance gained for the zinc-air battery utilization in emerging applications such as automotive or portable electronics.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the World Zinc-air Battery Market, then send an e-mail to Trisha Bradley, Corporate Communications, at trisha.bradley[.]frost.com with your full name, company name, title, telephone number, fax number, and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.
“Growth of the zinc-air battery market is influenced by the growth of emerging applications along with the hearing aid market,” notes Frost & Sullivan Research Analyst Suba Swaminathan. “The growing environmental concerns and the need to look for an alternative technology to meet the raising demand, augmented by the favorable features of zinc-air batteries have resulted in increasing importance of these batteries. Also, the increasing aged population across the world is a significant factor for the growth in zinc-air battery market”
The zinc-air technology is lightweight, has high energy density and is environment-friendly. With the increasing improvisations, these batteries could meet the demand of high drain devices used in portable electronics and the automotive sector. These batteries are ideal to power the hearing aid equipments and they have completely replaced the mercury batteries in these devices.
However, the intense competition from the existing battery chemistries impedes zinc-air batteries to replace the batteries of conventional chemistry. With the efforts taken by the government to promote environment-friendly technology, zinc-air batteries can outperform and replace existing chemistries in the portable electronics and automotive segment. The limited product differentiation in the hearing aid segment also results in a negative impact for the growth of these zinc-air batteries.
“The limited product differentiation in the hearing aid application supplemented by intense competition by existing chemistries hassles the growth of the zinc-air battery market in the emerging application and also in the hearing aid application,” explains Swaminathan. “ With increasing awareness among the customers as well as government regulation, growth in the zinc-air battery market will reinstate by 2008”
The increasing awareness among the customers about the technology and its advantages will promote growth. Tapping the potential markets in the developing countries across the world will revive growth in the zinc-air battery market for hearing aid application.
World Zinc-air Battery Market is part of the Batteries subscription, which also includes research in the following markets: A964-27 World Emerging Battery Markets, F753-27 World Ultra capacitor Market, A659-27 World Fuel Cell Market for Mobile Devices, F368-27 World Consumer Secondary Lithium Battery Market, A966-27 World Industrial Secondary Lithium Battery Market, A965-27 World Nickel Battery Market, A962-27 World Hybrid and Electric Vehicle Battery Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.
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