The global metal-air battery market is envisioned to garner $1,636.8 million by 2031, growing from $424 million in 2021 at a CAGR of 14.97% from 2022 to 2031.
The metal-air batteries have drawn a lot of attention because of an increasing need for energy sources with a high energy density and stability for emerging electrical vehicles. Metal-air batteries show a huge potential as a form of energy storage for several applications. In addition, to serving as portable power storage for electric vehicles, it can also serve as an energy storage system for the regulation of energy flow among renewable energy generators. Furthermore, the rising use of aluminum-air batteries due to their characteristics such as lightweight, and recyclable makes an aluminum-air battery ideal for electric vehicles. These factors are anticipated to fuel the metal-air battery market growth in the expected time frame.
the key factors boosting the meat-air battery are the rising demand for high-density storage options for voltage range as well as stability of systems, growing adoption of green technology in batteries to reduce the carbon footprint and environmental pollution and increasing shifts of electric vehicle manufacturing companies towards the metal-air battery instead of traditional Li-ion battery. However, it is anticipated that metal-air batteries will generate significant revenue as these are reliable, affordable, and non-combustible. The metal-air batteries have environmentally beneficial qualities that make them appropriate for electronic device manufacturers, aerospace use, and the military. These factors are expected to boost the metal-air battery market size.
The metal-air battery uses metal anodes that react with the electrolyte solutions present in the battery to form the passivation of layers called solid electrolyte interphase films. this film causes a loss in the battery performance. these factors are anticipated to hamper the metal-air battery market growth during the forecasted period.
The latest development in the field of metal-air battery technology showcased that metal-air batteries can be used the removal of water pollutants from water. The metal-air can be used to remove certain pollutants from the water while producing electricity. currently, more R&D is going on in the field of removing arsenic and collecting phosphorous from groundwater, collecting algae in aquaculture wastewater, and also achieving certain effects. Additionally, the certain advantages of metal-air batteries such as simple installation and short start-up time, which will be suitable for remote villages where treatment facilities are not available or imperfect. with advancements in technology and research, the power generation performance of the metal-air battery will be improved, and power can be developed and supplied while treating the aquaculture wastewater. These factors are anticipated to boost the metal-air battery market share.
COVID-19 impact on the metal-air battery market was negative. The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were at a standstill. There were import-export restrictions laid down on major metal-air battery-producing countries such as Japan and China, which imposed significant challenges on the market. Additionally, many countries across the globe are investing in the development of metal-air battery technology. Such as, India is investing in a battery technology that employs aluminum rather than lithium as the major component in order to reduce dependence on foreign resources and technologies. The largest oil refiner in the country, Indian Oil Corp., partnered with Israeli startup Phinergy Ltd. to develop the aluminum-air battery in India. These factors are projected to hinder the metal-air battery market growth during the pandemic time period.
The key players profiled in this report include Arconic, GPB International Limited, Arotech Corporation, Fuji Pigment Co., Ltd., Zinc8 Energy Solutions Inc., POLY PLUS, E-Stone Batteries B.V., NantEnergy Inc., Log 9 Materials, and PHINERGY.
The metal-air batteries have drawn a lot of attention because of an increasing need for energy sources with a high energy density and stability for emerging electrical vehicles. Metal-air batteries show a huge potential as a form of energy storage for several applications. In addition, to serving as portable power storage for electric vehicles, it can also serve as an energy storage system for the regulation of energy flow among renewable energy generators. Furthermore, the rising use of aluminum-air batteries due to their characteristics such as lightweight, and recyclable makes an aluminum-air battery ideal for electric vehicles. These factors are anticipated to fuel the metal-air battery market growth in the expected time frame.
the key factors boosting the meat-air battery are the rising demand for high-density storage options for voltage range as well as stability of systems, growing adoption of green technology in batteries to reduce the carbon footprint and environmental pollution and increasing shifts of electric vehicle manufacturing companies towards the metal-air battery instead of traditional Li-ion battery. However, it is anticipated that metal-air batteries will generate significant revenue as these are reliable, affordable, and non-combustible. The metal-air batteries have environmentally beneficial qualities that make them appropriate for electronic device manufacturers, aerospace use, and the military. These factors are expected to boost the metal-air battery market size.
The metal-air battery uses metal anodes that react with the electrolyte solutions present in the battery to form the passivation of layers called solid electrolyte interphase films. this film causes a loss in the battery performance. these factors are anticipated to hamper the metal-air battery market growth during the forecasted period.
The latest development in the field of metal-air battery technology showcased that metal-air batteries can be used the removal of water pollutants from water. The metal-air can be used to remove certain pollutants from the water while producing electricity. currently, more R&D is going on in the field of removing arsenic and collecting phosphorous from groundwater, collecting algae in aquaculture wastewater, and also achieving certain effects. Additionally, the certain advantages of metal-air batteries such as simple installation and short start-up time, which will be suitable for remote villages where treatment facilities are not available or imperfect. with advancements in technology and research, the power generation performance of the metal-air battery will be improved, and power can be developed and supplied while treating the aquaculture wastewater. These factors are anticipated to boost the metal-air battery market share.
COVID-19 impact on the metal-air battery market was negative. The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were at a standstill. There were import-export restrictions laid down on major metal-air battery-producing countries such as Japan and China, which imposed significant challenges on the market. Additionally, many countries across the globe are investing in the development of metal-air battery technology. Such as, India is investing in a battery technology that employs aluminum rather than lithium as the major component in order to reduce dependence on foreign resources and technologies. The largest oil refiner in the country, Indian Oil Corp., partnered with Israeli startup Phinergy Ltd. to develop the aluminum-air battery in India. These factors are projected to hinder the metal-air battery market growth during the pandemic time period.
The key players profiled in this report include Arconic, GPB International Limited, Arotech Corporation, Fuji Pigment Co., Ltd., Zinc8 Energy Solutions Inc., POLY PLUS, E-Stone Batteries B.V., NantEnergy Inc., Log 9 Materials, and PHINERGY.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the metal-air battery market analysis from 2021 to 2031 to identify the prevailing metal-air battery 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 metal-air battery 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 metal-air battery market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Metal
- Aluminum
- Iron
- Lithium
- Zinc
- Others
By Voltage
- Low
- Medium
- High
By Application
- Electric Vehicles
- Military Electronics
- Stationary Power
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
List of Key Players Profiled in the Report
- Arconic
- GPB International Limited
- Arotech Corporation
- Fuji Pigment Co., Ltd.
- Zinc8 Energy Solutions Inc.
- POLY PLUS
- E-Stone Batteries B.V.
- NantEnergy Inc.
- Log 9 Materials
- PHINERGY
Key Market Segments
By Metal
- Zinc
- Aluminium
- Iron
- Lithium
- Others
By Voltage
- Low
- Medium
- High
By Application
- Electric Vehicles
- Military Electronics
- Electronic Devices
- Stationary Power
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- Phinergy
- log 9 materials
- PolyPlus Battery Company
- GP Batteries International Limited
- Zinc8 Energy Solutions Inc.
- ZAF Energy Systems, ACTXE Limited
- Arotech Corporation
- Renata SA
- Energizer Holdings, Inc.
- Ionomr Innovations Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: METAL-AIR BATTERY MARKET, BY METAL
CHAPTER 5: METAL-AIR BATTERY MARKET, BY VOLTAGE
CHAPTER 6: METAL-AIR BATTERY MARKET, BY APPLICATION
CHAPTER 7: METAL-AIR BATTERY MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Metal-Air Battery Market," the metal-air battery market size was valued at $423.98 million in 2021, and is estimated to reach $1.6 billion by 2031, growing at a CAGR of 15% from 2022 to 2031.A metal-air battery system is a form of energy storage that relies on an electrochemical reaction between a negative metal electrode and a positive air electrode to produce a charge. Due to their theoretically greater energy density than lithium-ion batteries, metal-air batteries are commonly promoted as the future of energy storage for uses, such as grid energy storage and in electric vehicles application. The metal-air battery is environmental friendly as compared to other traditional batteries, which is a major factor estimated to propel the metal-air battery market analysis in the upcoming years.
Most of the metals used in metal-air batteries are unsteady in water and they will react with the electrolyte to corrode the metal, which results in battery discharge. Also, the electrode carbonation process is caused in metal-air batteries since the cell is an open system it absorbs the CO2 from the air resulting in crystallization of the electrode, clogging the pores, and decreasing in performance of the battery. These factors are anticipated to hamper the metal-air battery market growth.
The use of metal-air batteries in electric vehicles is anticipated to gain traction. This is because metal-air batteries are cost-effective as well as they can meet the stringent emission regulations of the industry to avoid environmental hazards such as air pollution. The use of metal-air batteries in electric vehicles will help to eliminate the need for additional battery space in electric vehicles. Also, metal-air batteries are light, compact, and environmentally friendly. Moreover, high energy density and the ability to deliver a much longer range are anticipated to propel the growth of metal-air batteries in various applications such as defense. These factors are anticipated to boost the metal-air battery market outlook growth in the upcoming years.
The global metal-air battery market is segmented based on metal, voltage, application, and region. By metal, it is classified into aluminum, iron, lithium, zinc, and others. By voltage, it is classified into low, medium, and high. By application, it is classified into electric vehicles, military electronics, stationary powers, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the metal-air battery market players are Arconic, GPB International Limited, Arotech Corporation, Fuji Pigment Co., Ltd., Zinc8 Energy Solutions Inc., POLY PLUS, E-Stone Batteries B.V., NantEnergy Inc., Log 9 Materials, and PHINERGY.
The report offers a comprehensive analysis of the global metal-air battery market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the market.
Impact of COVID-19 on the Global Metal-air Battery Industry
- COVID-19 impact on the metal-air battery market industry was negative. Sales of metal-air batteries are directly proportional to the demand from electronics appliances and the automotive industry. However, various sectors such as chemicals, electronics, and automotive were negatively impacted by the COVID-19 pandemic, which has affected the production and demand for metal-air batteries due to a disrupted supply chain.
- The market for metal-air batteries has seen revenue losses, cost increases, and a short production halt due to the COVID-19 epidemic
- Social distancing norms closed borders, and production constraints, due to the pandemic, across various countries such as China, India, and the U.S. have affected the global metal-air battery market forecast
Key Findings of the Study
- Based on metal, the lithium metal sub-segment emerged as the global leader in 2021 and the aluminum sub-segment is anticipated to be the fastest growing sub-segment during the forecast period
- Based on voltage, the low voltage sub-segment emerged as the global leader in 2021 and the medium sub-segment is predicted to show the fastest growth in the upcoming years
- Based on application, the electric vehicles sub-segment emerged as the global leader in 2021 and the electronic devices sub-segment is predicted to show the fastest growth in the upcoming years
- Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the forecast period
- The analysis also provides an in-depth study of metal-air battery market share, regional analysis.
Companies Mentioned
- Phinergy
- log 9 materials
- PolyPlus Battery Company
- GP Batteries International Limited
- Zinc8 Energy Solutions Inc.
- ZAF Energy Systems, ACTXE Limited
- Arotech Corporation
- Renata SA
- Energizer Holdings, Inc.
- Ionomr Innovations Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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