Biobatteries Market By Type (Enzymatic Bio-Battery, Sugar, Microbial, Others), By Application (Medical Implants, Mobile Phones and Tablets, Small Electric Tools, Toys, Others): Global Opportunity Analysis and Industry Forecast, 2030-2040
The global biobatteries market is estimated to be $140.8 million in 2030, and is projected to reach $295.5 million by 2040, growing at a CAGR of 7.8% from 2031 to 2040.
Demand for lithium has significantly increased in recent years and is expected to grow exponentially as the world embraces the energy transition and requires more batteries. Unfortunately, the mining of lithium and other battery metals has a significant environmental impact, leading researchers to pursue the creation of biobatteries. Biobatteries use biological molecules to break down other biological molecules, releasing electrons in the process. A biobattery is an electrical energy storage device which is used in several applications.
This battery can be powered with the help of organic compounds that are available in glucose form that is used in the human bodies. Biobatteries are used in medical implants like pacemakers and insulin pumps. These can be used as a charger for electronic devices like cell phones, tabs, and power banks. Biobatteries can be used for toys as well as on the greeting cards. These are used in the defense field in the remote sensing devices, spying devices, as well as surveillance. The biobatteries market size is studied across type, application, and region. Depending on type, the biobatteries market is segmented into enzymatic bio-battery, sugar, microbial, and others (lemon, body fluid based bio-batteries, and cellulose-based bio-batteries). By application, the biobatteries market is divided into medical implants (pacemakers, insulin pumps), mobile phones/tablets, and small electric tools (power banks, remote sensing, toys, and spying devices).
Region-wise, the biobatteries market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa). Europe is expected to grow at a significant CAGR during the projection period. This is attributed to rise in concern for reducing carbon emissions in the region. Moreover, surge in activities in military spying and remote sensing in the region also act as driving factors for the market growth. The growth of the region is mainly driven by Germany and France, which are continuously investing in research activities. that contribute toward the biobatteries market growth. The growth in the Asia-Pacific region is majorly driven by China, Japan, South Korea, and India. This can be attributed to rise in investment in research and development activities. Moreover, increased developed technology and experiments proving the practical application of the batteries in China, Japan, and India also act as a major factor driving the market growth
The key players operating in the biobatteries industry are Sony, Nexus, Panasonic Energy Co., Ltd., SEC Battery, and BeFC. In 2007, Sony, a Japanese corporation, first published the theory of sugar battery which was based on the air-breathing and utilizes the oxygen as the oxidizing agent. The battery achieved the expected high energy density and reasonable output voltage. A team at Virginia Tech recently demonstrated a small-scale practical system that works as a fuel cell that uses enzymes to extract electricity from glucose. Similarly, two research scientists from Aalborg University (AAU) in Esbjerg, Denmark, have succeeded in developing a method for manufacturing batteries using biological material from mold.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investments. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features strategies adopted by the key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain the intense competition in the industry.
The report further showcases the market size and share with impact of the COVID-19. Furthermore, it provides an overview on the impact of COVID-19 on the Biobatteries market supply chain. Reduction in the count of patients suffering from COVID-19 in the coming days with safety majors taken by governments and vaccination being carried out aggressively to curb the spread of the coronavirus are expected to gradually reduce the impact of COVID-19 on the global biobatteries market. It further highlights the key strategies adopted by players during the global pandemic crisis. Hence, the report outlines an overview of post COVID-19 impact and pre-COVID-19 impact analysis.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the biobatteries market analysis from 2030 to 2040 to identify the prevailing biobatteries market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the biobatteries market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global biobatteries market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Enzymatic Bio-Battery
Sugar
Microbial
Others
By Application
Medical Implants
Mobile Phones and Tablets
Small Electric Tools
Toys
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Panasonic Energy Co. Ltd.
Nexus
BeFC
Sony Corporation
SEC Industrial Battery International Ltd.
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