The "Metal-air Battery Market with COVID-19 Update by Metal (Zinc, Aluminum, Lithium, Iron), Voltage (Low, Medium, High), Application (Electric Vehicles, Military Electronics, Electronic Devices, Stationary Power), Type, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering
The global metal-air battery market size is estimated to grow from USD 438 million in 2020 to USD 842 million by 2025; growing at a CAGR of 14.0%.
The growth of the market is driven by the growing demand for high-capacity, safe, cost-effective, and eco-friendly energy storage solutions.
Market for aluminum-air segment is expected to grow at highest CAGR during forecast period.
The market for aluminum-air batteries is expected to grow at the highest CAGR during the forecast period. The attractive properties and features of Al-air batteries such as cost-effectiveness, recyclability, safety, and high-energy-density are expected to make them an ideal solution for the electric vehicle application during the forecast period. Aluminum is a lightweight metal and the Al-air battery uses air at the cathode that does not have to be stored in the battery, as a result, the Al-air battery is lighter compared with the Li-ion battery of similar capacity.
Market for high-voltage metal-air batteries is expected to grow at highest CAGR during forecast period.
The market for high-voltage metal-air batteries is expected to grow at the highest CAGR during the forecast period. The growth is attributed to numerous advantages offered by these batteries that include zero maintenance, non-flammable, safe to use, low cost, and easy installation. Market players are developing high-voltage metal-air battery systems that support and power high-current applications, have a long life span, and are equipped with high capacity and unmatched capabilities. These batteries are used for stationary power storage, marine, and telecom applications.
Metal-air battery market for electric vehicles is expected to grow at highest CAGR during forecast period.
The electric vehicle application is expected to be one of the major segments for metal-air batteries. The market for these vehicles is expected to significantly grow in the near future, partly driven by the adoption of various environmental norms and emission regulations. This is expected to create demand for metal-air batteries. Owing to environmental concerns and awareness about clean and sustainable fuel, there is a rise in the demand for EVs. Several companies in the industry such as Phinergy, MAL Research and Development Limited, and Log9 Materials are working on developing metal-air batteries for electric vehicles.
APAC to continue to dominate global metal-air battery market throughout forecast period.
APAC is expected to continue to hold the largest share of the metal-air battery market from 2020 to 2025. The high number of metal-air energy storage system installations in the region, especially in Indonesia and huge amounts of sales of electronic devices that use zinc-air batteries, attribute to the dominating position of the region in the metal-air battery market. The strong growth of electronics and automotive industries in the region is likely to offer growth potential to the market in the near future.
- Growing Demand for High-Energy-Density Storage Solutions and Inherent Properties of Metal-Air Batteries
- Increasing Use of Zinc-Air Batteries in Electronic Devices, Especially in Hearing Aids
- Global Shift Toward Green-Energy Sources
- Absence of Proper Standards for Developing Metal-Air Batteries
- Newer Applications of Metal-Air Batteries Apart from Electric Vehicles
- Substantial Growth in Demand for Electric Vehicles
- Corrosion Between Electrolyte and Anode in Zinc-Air Batteries
- Rapid Discharging of Aluminum-Air and Magnesium-Air Batteries
- Nantenergy Inc.
- Log 9 Materials
- Arotech Corporation
- Polyplus Battery Co.
- Fuji Pigment Co. Ltd.
- Gp Batteries International Limited
- Arconic Inc.
- Zinc8 Energy Solutions Inc.
- E-Stone Batteries B.V.
- Energizer Holdings, Inc. (Energizer)
- Excellatron Solid State, LLC
- IBM Research
- Ionomr Innovations Inc.
- Renata Sa
- Zaf Energy Systems
- Actxe Limited
- Mal Research and Development Limited
- Phinergy Marine
- Aqua Power Systems
- Mag One Products Inc.
- Rialair Ltd.
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