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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Zinc Bromine Batteries Market

Pre Book