Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 0.26 Billion | USD 1.81 Billion | 24.18% | 2023 |
FrequentlyAsked Questions
Zinc bromine battery (ZBB) is an emerging class of rechargeable battery that has gained extreme momentum in the last few years.
The global zinc bromine battery market is expected to grow due to the growing focus on developing novel alternatives to lithium-ion batteries.
According to study, the global zinc bromine battery market size was worth around USD 0.26 billion in 2023 and is predicted to grow to around USD 1.81 billion by 2032.
The CAGR value of the zinc bromine battery market is expected to be around 24.18% during 2024-2032.
The global zinc bromine battery market will be led by Asia-Pacific during the forecast period.
The global zinc bromine battery market is led by players like Redflow Limited (ceased operations in 2024), Primus Power, EnSync Energy Systems (formerly ZBB Energy Corporation), EnerSys, Hindustan Zinc (collaborating with AEsir Technologies), Exxon (historical research contributions), Vionx Energy, Lockheed Martin Corporation, Johnson Controls (historical involvement), ZBB Energy Corporation (now known as EnSync Energy Systems), Sandia National Laboratories (historical research contributions), Gildemeister Energy Solutions, AEsir Technologies (partnering with Hindustan Zinc), TETRA Technologies, Inc. and Gelion Technologies Pty Ltd.
The report explores crucial aspects of the zinc bromine battery market, including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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