Zinc-Bromine Batteries Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
Zinc–bromine battery is a redox flow battery. A redox flow battery is the one in which most of the energy is stored by plating zinc as a solid on the anode during charging. In a cell of the zinc–bromine battery, there are two compartments filled with two different electrolytes. The two compartments are separated by a microporous polyolefin membrane. One electrolyte comes into action when a positive electrode reaction takes place, while the other electrolyte comes into action when a negative electrode reaction occurs. During charging, metallic zinc gets deposited on the anode side of the electrode. Bromine ions get oxidized into bromine and get evolved on the other side of the membrane. Bromine has limited solubility in water. Hence, it forms a viscous bromine-adduct oil, which sinks to the bottom of the compartment. This oil later gets mixed with the remaining solution during discharging of the battery.
The zinc–bromine battery has higher energy density compared to regular batteries such as lead acid batteries. Zinc–bromine batteries are rechargeable; hence, they have longer shelf life compared to other types of batteries. Zinc is a metal available in abundance. The manufacturing cost of zinc–bromine batteries is also lower than other batteries. All these factors are expected to boost the market for zinc–bromine batteries during the forecast period.
However, zinc–bromine batteries have certain limitations. When zinc gets deposited on the anode side of the electrode, it tends to form dendrites. Formation of dendrites can result in a short circuit in the cell, which can be dangerous. In order to avoid this, the zinc–bromine battery needs to be fully discharged after a certain period of time. Zinc is highly soluble in the aqueous zinc bromide electrolyte, which can result in diffusion in the cell. Diffusion causes the bromine solution to directly react with the zinc electrode. This can result in self-discharge, which can reduce the shelf life of the battery. These disadvantages can have an adverse effect on the zinc–bromine batteries market in the next few years. However, zinc–bromine batteries offer a good option for energy storage.
Based on application, the zinc–bromine batteries market can be segmented into domestic applications and industrial applications. As an industrial application, zinc–bromine batteries are used in electric vehicles on a large scale. For example, zinc–bromine batteries have been installed in Volkswagen buses, which are being used in Australia. Hotzenblitz is a German company that has designed an electric vehicle to be powered specially by a zinc–bromine battery. Toyota Motor Corporation is conducting research on developing a zinc–bromine battery for use in an electric vehicle called EV-30, which can be used for urban transportation. It is looking forward to introducing this novel vehicle in Japan in the next few years. Significant research is being carried out in different parts of the world to employ zinc–bromine batteries in energy storage applications.
Based on region, the zinc–bromine batteries market can be segmented into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The increasing need for use of energy storage devices with greater storage capacity and longer shelf life in high-voltage electric applications in North America and Asia Pacific (specifically Australia and Japan) is expected to boost the market for zinc–bromine batteries in these regions in the next few years. The increasing need for use of lightweight vehicles and the rising need for utilizing energy-saving technologies such as zinc–bromine batteries in electric vehicles are factors anticipated to propel the zinc–bromine battery market in North America and Europe in the near future.
Some of the key players operating in the zinc–bromine batteries market are Sandia National Laboratory, Covertel Power Pty. Ltd., Primus Power Corporation, Redflow Energy Storage Solutions Ltd., Smart Energy GB Ltd., ZBB Energy Corporation (now Ensync Energy Systems), and ZBest Technology Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Materials
MaterialsChinese Markets for Roofing Materials
Chemicals and MaterialsGlobal Market Study on Sodium Cyanide: Upswing in Mining Activities Boosting Sales Prospects