USD 1.20 Billion
Air Electrode Battery Market Size, Share, Growth Analysis, By Battery(Primary Battery, Secondary Battery, Fuel Cell), By Application(Medical Devices, Transportation, Military Devices, Others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG10D2038 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Air Electrode Battery Market Insights
Air Electrode Battery Market size was valued at USD 1.27 Billion in 2023 and is poised to grow from USD 1.35 Billion in 2024 to USD 2.14 Billion by 2032, growing at a CAGR of 6% during the forecast period (2025-2032).
The air electrode battery industry is poised for growth in the coming years due to an increasing demand across various applications and a surge in research and development activities aimed at advancing battery technology. This trend is expected to shape the industry's trajectory during the forecast period.
Factors such as the growing usage of electric vehicles, the expanding utility of battery energy storage systems, and the widespread adoption of electronic devices are key drivers boosting the demand for air electrode batteries.
China stands as a dominant force in the air electrode battery market due to the concentration of major manufacturing firms within the country and the substantial volume of battery production.
The rapid increase in electric vehicle deployment is particularly propelling the air electrode battery market industry in China. Additionally, the Chinese government's substantial funding for projects related to air batteries is fueling business growth across the nation.
US Air Electrode Battery Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Secondary Battery
Fastest Growth
Secondary Battery
Growth Rate
6% CAGR
Global Air Electrode Battery Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Air Electrode Battery Market Segmental Analysis
The global air electrode battery market is segmented on the basis of battery, application, region. By battery type, the market is segmented into primary battery, secondary battery, fuel cell. By application, the market is segmented into medical devices, transportation, military devices, others. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Air Electrode Battery Market Analysis By Battery
The segment related to secondary batteries commanded the largest share of revenue, comprising 47.0% of the total, primarily due to factors such as its cost-effective production, considerable energy density, and positive environmental impact. The projected increase in demand for electronic products coupled with the growing adoption of EV technology is expected to drive the expansion of this segment throughout the forecast period.
During the same year, the primary battery segment held a significant portion of the market, mainly attributed to its notably higher energy density compared to other battery types. The presence of atmospheric air as a reactant within these non-rechargeable batteries allows them to offer more energy within a given volume or weight. This characteristic makes them suitable for a wide range of sizes, from hearing aids to cameras, thereby driving the demand for these products.
Air Electrode Battery Market Analysis By Application
The transportation sector held the predominant portion of the market share at 44.8%, and it is foreseen to exhibit the most rapid CAGR throughout the forecast period. This surge is primarily attributed to the increasing adoption of fuel cell electric vehicles. A rising focus on advancing air electrode fuel cell technology through research and development endeavors, coupled with government initiatives aimed at bolstering the integration of electric vehicles within both the passenger and commercial vehicle domains, is poised to drive noteworthy expansion within this sector during the forecast timeframe.
The medical devices category accounted for a substantial market share, mainly due to the escalating utilization of disposable medical equipment and devices. The upward trajectory in investments directed towards high-quality medical equipment, encompassing dental products, optical technologies, diagnostic imaging tools, and medical tracking applications, is projected to be a key driver behind the heightened demand for air electrode batteries in this segment.
Global Air Electrode Battery Market By Battery
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Air Electrode Battery Market Regional Insights
The Asia Pacific region accounted for the largest proportion of revenue, with a share of 31.1%, and it is foreseen to exhibit the swiftest growth rate throughout the forecast period. This growth is underpinned by the burgeoning electronic manufacturing sector, driven by an ever-expanding consumer base. Additionally, the application of these technologies in major economies like China, Japan, and India is expected to provide significant impetus to regional market expansion. The increasing adoption of electric vehicles across the region is poised to further contribute to the industry's growth. Particularly noteworthy is China, which presents highly attractive growth prospects. It stands as the global leader in battery manufacturing due to multiple factors such as the presence of major industry players within the country, escalating consumer demand, cost-effective labor, and ready access to raw materials. Furthermore, the escalating demand for energy storage prompted by extensive electricity grid usage and the growing requirement for uninterrupted power supply are anticipated to serve as further stimuli for regional market growth.
North America held a substantial market share in 2019, with the United States serving as the primary driver behind regional market growth. Supportive government policies that encourage the adoption of electric vehicles due to their lower emissions in comparison to gasoline-powered vehicles are expected to fuel industry expansion across this region. Additionally, the rising demand for air electrode batteries in smart devices and computers stands out as a significant factor propelling the industry's growth in North America.
Global Air Electrode Battery Market By Region
- Largest
- Fastest
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Air Electrode Battery Market Dynamics
Air Electrode Battery Market Drivers
Rising Demand for Clean Energy Solutions
- The global push towards reducing carbon emissions and transitioning to cleaner energy sources is driving the demand for energy storage solutions like air electrode batteries that have lower environmental impact.
Growing Electric Vehicle Adoption
- The increasing popularity of electric vehicles (EVs) is boosting the demand for high-performance batteries with longer ranges and faster charging capabilities, which can be met by air electrode batteries.
Expanding Portable Electronics Market
- The proliferation of electronic gadgets, wearable devices, and portable electronics is driving the need for lightweight and high-energy-density batteries, where air electrode batteries offer advantages.
Air Electrode Battery Market Restraints
Limited Lifespan
- Air electrode batteries generally have shorter lifespans compared to some other battery types, which can hinder their adoption in applications where longevity is crucial.
Lower Energy Efficiency
- In comparison to certain alternatives, air electrode batteries might have lower energy efficiency, making them less suitable for applications that demand high energy conversion efficiency.
Charging Infrastructure
- While electric vehicles are a major market driver, the growth of the charging infrastructure required for these vehicles is a potential constraint for the widespread adoption of air electrode batteries.
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Air Electrode Battery Market Competitive Landscape
The competitive landscape of the global air electrode battery market is characterized by intense rivalry among key players striving to capture a significant market share. Established battery manufacturers, technology companies, and automotive giants are engaging in strategic partnerships, collaborations, and substantial R&D investments to gain a competitive edge. These collaborations aim to harness diverse expertise and resources for the development of advanced air electrode battery technologies that meet the rising demand for energy-efficient and eco-friendly solutions.
In addition, market players are focusing on enhancing their production capacities, optimizing manufacturing processes, and expanding their geographical presence to tap into emerging markets. Innovation remains a pivotal strategy, with companies continuously researching catalyst materials, electrode designs, and manufacturing techniques to improve battery efficiency, longevity, and overall performance.
Air Electrode Battery Market Top Player’s Company Profiles
- LG Chem Ltd. (South Korea)
- Panasonic Corporation (Japan)
- Samsung SDI Co., Ltd. (South Korea)
- Tianjin Lishen Battery Co., Ltd. (China)
- BYD Company Limited (China)
- A123 Systems LLC (United States)
- Hitachi Chemical Co., Ltd. (Japan)
- Sony Corporation (Japan)
- EnerSys (United States)
- NEC Energy Solutions (United States)
- Contemporary Amperex Technology Co. Ltd. (CATL) (China)
- Duracell Inc. (United States)
- Envision AESC Group (Japan)
- ProLogium Technology Co., Ltd. (Taiwan)
- Robert Bosch GmbH (Germany)
- Solid Power, Inc. (United States)
- EaglePicher Technologies, LLC (United States)
- Sion Power Corporation (United States)
- ReVolt Technology Ltd. (Norway)
- XALT Energy, LLC (United States)
Air Electrode Battery Market Recent Developments
- In March 2023, PolyPlus Battery Company announced that it had signed a joint development agreement with SK Innovation to develop air electrode batteries for electric vehicles.
- In February 2023, The University of California, Berkeley announced that it had developed a new type of air electrode battery that is more efficient and cost-effective than traditional air electrode batteries.
- In January 2023, The National Renewable Energy Laboratory (NREL) announced that it had developed a new method for manufacturing air electrode batteries that is more scalable and efficient than traditional manufacturing methods.
Air Electrode Battery Key Market Trends
- Research Focus on Catalysts: Efforts are underway to develop and improve catalyst materials that enhance the efficiency and performance of air electrode batteries, contributing to longer lifespans and better overall performance.
- Emergence of Solid-State Batteries: Solid-state battery technology is gaining traction in the industry due to its potential for improved safety, energy density, and performance, which could influence the evolution of air electrode battery technology.
- Application Diversification: Beyond electric vehicles and consumer electronics, air electrode batteries are finding applications in energy storage systems, medical devices, and various emerging technologies, broadening their market reach.
Air Electrode Battery Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global air electrode battery market analysis, the global air electrode battery market is positioned for remarkable growth driven by a confluence of factors. The increasing demand for cleaner energy solutions, driven by environmental concerns and sustainability goals, is propelling the adoption of air electrode batteries across various industries. The surge in electric vehicle adoption, coupled with advancements in battery technology, is reshaping the energy storage landscape.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.20 Billion |
| Market size value in 2031 | USD 2.02 Billion |
| Growth Rate | 6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Air Electrode Battery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Air Electrode Battery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Air Electrode Battery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Air Electrode Battery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Air Electrode Battery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Air Electrode Battery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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