Global Metal-Air Battery Market is Expected to Rise at a CAGR of 13.2%% During 2022-2028

Metal-air Battery
  • Metal-air Battery Market

TheGlobal Metal-Air Battery Marketwas estimated at USD USD 466 Million million in 2021 and is expected to grow with a compound annual growth rate (CAGR) of 13.2%% between 2022 and 2028. The Metal-Air Battery is an electrochemical cell that uses a pure metal anode and an ambient air cathode, usually with a liquid electrolyte. Metal-air batteries have a higher power output than lithium-ion batteries and are therefore proposed as an electrochemical energy storage solution in technologies such as electric vehicles or grid energy storage.

The growing demand for high-energy storage batteries is a key factor in driving the market growth. Metal-air batteries have high energy storage capacity and can perform better than lithium-ion batteries. The internal structure of steel-air batteries is popular for driving the market growth. Metal-air batteries gain significant power due to high power and energy density, low cost incurred, unnecessary dependence on workload and temperature, and constant power outages. The implementation of zinc-air batteries has a large capacity for theory and low production costs. This feature is expected to drive market growth.

A major factor hindering the growth of the Metal-Air Battery Market is the lack of expertise in handling metal-air batteries and the circulation costs involved in lithium-ion batteries. There is visible corrosion between the electrolyte and the anode in zinc-air batteries. To reduce the corrosion process, the electrolyte is removed with oil. The short inner circuits in the batteries lead to the explosion of dendrite growth on the anodes. It is difficult to find an electrolyte with characteristics such as low flexibility, high stability, non-toxicity, and a high melting point of oxygen.

The Global Metal-Air Battery Market is segmented on the basis of metal used such as zinc-air, lithium-air, aluminum-air, iron-air, and others. While based on type, it is divided into basic batteries and second batteries/rechargeable. On the basis of applications, the market is divided into electric vehicles, military electronics, electronics, stationary power. Also, on the basis of electric power the market is divided into low (below 12V), medium (12V to 24V), and high (above than 36V).

The Asia Pacific is expected to dominate the Global Metal-Air Battery Market in the coming years because the region is the world's largest producer of electrical appliances. The region also has countries, such as China and Japan, comprising more than 50% of the total number of EVs operating worldwide. Other factors that drive regional growth include large-scale international investment in renewable energy and research and development to find solutions to existing battery problems. North America and Europe show steady growth over the forecast period.

Some of the major players operating in the global metal-air battery market include - Arotech Corporation (US), NantEnergy Inc. (US), PolyPlus Battery Company (US), Phinergy (Israel), Log 9 Materials (India), Fuji Pigment Co., Ltd. (Japan), Zinc8 Energy Solutions Inc. (Canada), GP Batteries International Limited. (Hong Kong), Arconic Inc. (US), E-Stone Batteries B.V. (Netherlands), Energizer Holdings, Inc. (US), Excellatron Solid State, LLC (US), EnZinc (US), Ionomr Innovations Inc. (Canada), Minusquare (US), Iskra (Slovenia), Renata SA (Switzerland), ACTXE Limited (China), ZAF Energy Systems, MAL Research & Development Limited (UK), Aqua Power Systems (Japan), Phinergy Marine (Israel), RiAlAiR Ltd. (UK), Mag One Products Inc. (Canada), and e-Zn (Canada).