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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Table of Contents
Executive Summary
According to the report titled, “Biobatteries Market," the biobatteries market is estimated at $140.8 million in 2030, and is estimated to reach $295.5 million by 2040, growing at a CAGR of 7.8% from 2031 to 2040.Biobatteries are devices that are majorly used for the storage of energy. They are used to store chemical energy and later convert it into electrical energy. The biobatteries are based on biological process where glucose is broken down to create energy. Biobatteries are highly potential alternatives and replacements for existing chemical batteries. They are safe to use as they do not have leakage issues. Moreover, there are no chances of explosion as the amount of energy released in such events is relatively very small.
The biobatteries are currently in the development and experimental stage. Companies and research institutes are continuously looking for alternatives that can replace the existing batteries that prove to be hazardous in the longer run. The market for biobatteries has not developed yet as the product is not commercially available. The researchers are looking for enhanced biobatteries to make them practical and easy to use when compared to conventional batteries. Small electric tools such as power banks, remote sensing, toys, and spying devices can be run on biobatteries. These devices require lower energy output and are often used for comparatively lower time stretches, thus biobatteries can be ideally used in such small tools.
Defense Science and Technology Laboratory (DSTL) scientists are working on DNA biobattery tech. Biobattery is made out of DNA, enzymes, lactate, and water. Biobattery tech was scalable and could take the form of large batteries, batteries too small to see, or a completely new format such as a coating. The concept behind the batteries is to use naturally occurring products. These are then degraded using enzymes, releasing electrons which are then captured and can be used as power. Such advancing developments in the field act as a driving factor for the market growth. These biobatteries can also be used in toys as they are safe and reliable for use. The North America biobatteries market is studied across the U.S., Canada, and Mexico. The region is dominated by the U.S. followed by Canada.
The LAMEA market for biobatteries is studied across Brazil, Saudi Arabia, South Africa, and the rest of LAMEA. Brazil was the dominating shareholder of biobatteries in the region. The region experiences slow growth in the market. This is due to the slow growth of technology in the region. The region also suffers from poor investment and research activities which acts as a restraining factor for the market growth.
The biobatteries market size is studied across type, application, and region. By 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 Amercia, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa).
The key players operating in the biobatteries are Sony, Nexus, Panasonic Energy Co., Ltd., SEC Battery, and BeFC. Engineers from Colorado University, Boulder have developed an innovative bio-manufacturing process that uses a biological organism cultivated in brewery wastewater to create the carbon-based materials needed to make energy storage cells. Nexus Power, Bhubaneswar has developed rechargeable, bio-organic, and bio-degradable batteries for electric two and three-wheeler from crop residue. For their purpose, they have used the crop residue and manufactured rechargeable energy-storing cells from this by applying a unique extraction and filtration process.
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 Findings of the Study
- The biobatteries market size is provided in terms of revenue.
- North America is projected to grow at the highest CAGR, accounting for more than 35%, in terms of during the biobatteries market forecast period.
- By application, medical implants dominated the biobatteries market share by over 30% in 2030
- By type, enzymatic biobattery dominated the biobatteries market, accounting for more than 50% share.
Companies Mentioned
- Panasonic Energy Co. Ltd.
- Nexus
- BeFC
- Sony Corporation
- SEC Industrial Battery International Ltd.
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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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2023 |
Forecast Period | 2030 - 2040 |
Estimated Market Value ( USD | $ 139.43 million |
Forecasted Market Value ( USD | $ 295.5 million |
Regions Covered | Global |
No. of Companies Mentioned | 5 |