Metal Air Battery Market

Metal Air Battery Market



Growth Factors of Metal Air Battery Market

The metal air battery market size was valued at USD 494.02 million in 2023, and the market is now projected to grow from USD 526.09 million in 2024 to USD 1270.21 million by 2032, exhibiting a CAGR of 11.65% during the forecast period of 2024-2032.

The COVID-19 outbreak has impacted almost all domains of economic activity and led to severe changes in operations due to the lockdown measure. This disruption has changed the dynamic in metal air batteries and the end-use sector has not as much demand for it. The sector could not leave this period without some problems related to efficiency and market coverage. In general, changes took place in the battery market as well during the pandemic on both the demand and supply sides.

Researchers are seeking to design novel positive and negative electrodes for metal-air batteries to enhance the theoretical capacity and energy density thereof. This involves using different metals in the anode including Zinc, Aluminum, Lithium among others, while the improvement of the cathode catalyst for oxygen reduction reactions is another important endeavor. It also asserts that electrolyte formulations require constant enhancement and innovations to improve their stabilities, conductivity, and compatibility with electrodes. Some of the challenges that the researchers are focusing in the electrolyte-material systems include the degradation of electrolytes, formation of dendrites and side reactions are being addressed by using different types of electrolytes aqueous and non- aqueous electrolytes and solid-state electrolytes.

With increasing focus on clean power generation, the use of wind and solar energy has accelerated considerably and the technology has emerged as key purchaser of battery energy storage systems. Since energy requirements increase and the demand for limiting emissions grows, the shares of renewable energy systems should increase substantially. For instance, in 2019, the German state outlined the vision of generating 20GW of wind electricity from offshore by the end of the year 2030. This momentum will go on to further propel the use of batteries in battery storage systems as well.

Comprehensive Analysis of Metal Air Battery Market

The metal air battery market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by metal analysis, by type analysis and by application analysis. By metal analysis include zinc-air, lithium-air, aluminum-air, iron-air, and others. By type analysis include primary and secondary/rechargeable. By application analysis include electric vehicles (EV), stationary power, military devices, and electronic devices.

The Asia Pacific region lead the metal air battery market share by benefitting a market size of USD 275.79 million in 2023 due to huge investments by countries in renewable energy and research & development.

The top players have a significant responsibility in the power & energy industry for confirming industrial prospectus growth and determining the market trends. These players include, Phinergy, NantEnergy, Log 9 Materials, Arotech Corporation, PolyPlus, Fuji Pigment Co. Ltd., Zinc8 Energy Solutions, GP Batteries, ZAF Energy Systems Inc. (ZAFSYS), Thunderzee, Duracell Inc., Energizer Holdings, Panasonic, Epsilor Electric Fuel, Renata S.A., ZeniPower (Zhuhai Zhi Li) Battery Co., Ltd., Guangdong Tianqju Electronics Technology Co., Ltd. these market players provide a level-playing competitive landscape.

In February 2024, Panasonic Energy Co., Ltd. signed a long-term contract with HandT Recharge to supply lithium components, aiming to expand the production of safe electric car batteries.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 11.65% from 2024 to 2032

Unit Value (USD Million)

Segmentation By Metal
  • Zinc-Air
  • Aluminum-Air
  • Lithium-Air
  • Iron-Air
  • Others
By Type
  • Primary
  • Secondary/Rechargeable
By Application
  • Electric Vehicle (EV)
  • Stationary Power
  • Military Equipment
  • Electronic Devices
By Geography
  • North America
  • By Metal
  • By Type
  • By Application
  • By Country
  • U.S.
  • Canada
  • Europe
  • By Metal
  • By Type
  • By Application
  • By Country
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia Pacific
  • By Metal
  • By Type
  • By Application
  • By Country
  • China
  • Japan
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • By Metal
  • By Type
  • By Application


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1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
4.6. Impact of COVID-19 on the Metal Air Battery Market
5. Global Metal Air Battery Market Analysis (USD Million), Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Metal
5.2.1. Zinc-Air
5.2.2. Aluminum-Air
5.2.3. Lithium-Air
5.2.4. Iron-Air
5.2.5. Others
5.3. Market Analysis, Insights and Forecast – By Type
5.3.1. Primary
5.3.2. Secondary/Rechargeable
5.4. Market Analysis, Insights and Forecast – By Application
5.4.1. Electric Vehicle (EV)
5.4.2. Stationary Power
5.4.3. Military Devices
5.4.4. Electronic Devices
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Rest of the World
6. North America Metal Air Battery Market Analysis (USD Million), Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Metal
6.2.1. Zinc-Air
6.2.2. Aluminum-Air
6.2.3. Lithium-Air
6.2.4. Iron-Air
6.2.5. Others
6.3. Market Analysis, Insights and Forecast – By Type
6.3.1. Primary
6.3.2. Secondary/Rechargeable
6.4. Market Analysis, Insights and Forecast – By Application
6.4.1. Electric Vehicle (EV)
6.4.2. Stationary Power
6.4.3. Military Devices
6.4.4. Electronic Devices
6.5. Market Analysis, Insights and Forecast – By Country
6.5.1. U.S.
6.5.2. Canada
7. Europe Metal Air Battery Market Analysis (USD Million), Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Metal
7.2.1. Zinc-Air
7.2.2. Aluminum-Air
7.2.3. Lithium-Air
7.2.4. Iron-Air
7.2.5. Others
7.3. Market Analysis, Insights and Forecast – By Type
7.3.1. Primary
7.3.2. Secondary/Rechargeable
7.4. Market Analysis, Insights and Forecast – By Application
7.4.1. Electric Vehicle (EV)
7.4.2. Stationary Power
7.4.3. Military Devices
7.4.4. Electronic Devices
7.5. Market Analysis, Insights and Forecast – By Country
7.5.1. Germany
7.5.2. UK
7.5.3. France
7.5.4. Italy
7.5.5. Spain
7.5.6. Rest of Europe
8. Asia Pacific Metal Air Battery Market Analysis (USD Million), Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Metal
8.2.1. Zinc-Air
8.2.2. Aluminum-Air
8.2.3. Lithium-Air
8.2.4. Iron-Air
8.2.5. Others
8.3. Market Analysis, Insights and Forecast – By Type
8.3.1. Primary
8.3.2. Secondary/Rechargeable
8.4. Market Analysis, Insights and Forecast – By Application
8.4.1. Electric Vehicle (EV)
8.4.2. Stationary Power
8.4.3. Military Devices
8.4.4. Electronic Devices
8.5. Market Analysis, Insights and Forecast – By Country
8.5.1. China
8.5.2. Japan
8.5.3. India
8.5.4. Rest of Asia Pacific
9. Rest of the World Metal Air Battery Market Analysis (USD Million), Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Metal
9.2.1. Zinc-Air
9.2.2. Aluminum-Air
9.2.3. Lithium-Air
9.2.4. Iron-Air
9.2.5. Others
9.3. Market Analysis, Insights and Forecast – By Type
9.3.1. Primary
9.3.2. Secondary/Rechargeable
9.4. Market Analysis, Insights and Forecast – By Application
9.4.1. Electric Vehicle (EV)
9.4.2. Stationary Power
9.4.3. Military Devices
9.4.4. Electronic Devices
10. Competitive Analysis
10.1. Company Market Share Analysis, 2023
10.2. Company Profile
10.2.1. Phinergy
10.2.1.1. Business Overview
10.2.1.2. Product & Service Offering
10.2.1.3. Overall Revenue
10.2.1.4. Geographic Presence
10.2.1.5. Recent Development
10.2.2. NantEnergy
10.2.2.1. Business Overview
10.2.2.2. Product & Service Offering
10.2.2.3. Overall Revenue
10.2.2.4. Geographic Presence
10.2.2.5. Recent Development
10.2.3. Log 9 Materials
10.2.3.1. Business Overview
10.2.3.2. Product & Service Offering
10.2.3.3. Overall Revenue
10.2.3.4. Geographic Presence
10.2.3.5. Recent Development
10.2.4. Arotech Corporation
10.2.4.1. Business Overview
10.2.4.2. Product & Service Offering
10.2.4.3. Overall Revenue
10.2.4.4. Geographic Presence
10.2.4.5. Recent Development
10.2.5. PolyPlus
10.2.5.1. Business Overview
10.2.5.2. Product & Service Offering
10.2.5.3. Overall Revenue
10.2.5.4. Geographic Presence
10.2.5.5. Recent Development
10.2.6. Fuji Pigment Co. Ltd.
10.2.6.1. Business Overview
10.2.6.2. Product & Service Offering
10.2.6.3. Overall Revenue
10.2.6.4. Geographic Presence
10.2.6.5. Recent Development
10.2.7. Zinc8 Energy Solutions
10.2.7.1. Business Overview
10.2.7.2. Product & Service Offering
10.2.7.3. Overall Revenue
10.2.7.4. Geographic Presence
10.2.7.5. Recent Development
10.2.8. GP Batteries
10.2.8.1. Business Overview
10.2.8.2. Product & Service Offering
10.2.8.3. Overall Revenue
10.2.8.4. Geographic Presence
10.2.8.5. Recent Development
10.2.9. ZAF Energy Systems Inc. (ZAFSYS)
10.2.9.1. Business Overview
10.2.9.2. Product & Service Offering
10.2.9.3. Overall Revenue
10.2.9.4. Geographic Presence
10.2.9.5. Recent Development
10.2.10. Thunderzee
10.2.10.1. Business Overview
10.2.10.2. Product & Service Offering
10.2.10.3. Overall Revenue
10.2.10.4. Geographic Presence
10.2.10.5. Recent Development
10.2.11. Duracell Inc.
10.2.11.1. Business Overview
10.2.11.2. Product & Service Offering
10.2.11.3. Overall Revenue
10.2.11.4. Geographic Presence
10.2.11.5. Recent Development
10.2.12. Energizer Holdings
10.2.12.1. Business Overview
10.2.12.2. Product & Service Offering
10.2.12.3. Overall Revenue
10.2.12.4. Geographic Presence
10.2.12.5. Recent Development
10.2.13. Panasonic
10.2.13.1. Business Overview
10.2.13.2. Product & Service Offering
10.2.13.3. Overall Revenue
10.2.13.4. Geographic Presence
10.2.13.5. Recent Development
10.2.14. Epsilor Electric Fuel
10.2.14.1. Business Overview
10.2.14.2. Product & Service Offering
10.2.14.3. Overall Revenue
10.2.14.4. Geographic Presence
10.2.14.5. Recent Development
10.2.15. Renata S.A.
10.2.15.1. Business Overview
10.2.15.2. Product & Service Offering
10.2.15.3. Overall Revenue
10.2.15.4. Geographic Presence
10.2.15.5. Recent Development
10.2.16. ZeniPower (Zhuhai Zhi Li) Battery Co., Ltd.
10.2.16.1. Business Overview
10.2.16.2. Product & Service Offering
10.2.16.3. Overall Revenue
10.2.16.4. Geographic Presence
10.2.16.5. Recent Development
10.2.17. Guangdong Tianqju Electronic Devices Technology Co., Ltd
10.2.17.1. Business Overview
10.2.17.2. Product & Service Offering
10.2.17.3. Overall Revenue
10.2.17.4. Geographic Presence
10.2.17.5. Recent Development

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