USD 589.3 million
Metal Air Battery Market Size, Share, and Growth Analysis
Metal Air Battery Market By Metal (Zinc, Lithium), By Voltage (Low (<12 V), Medium (12 - 36 V)), By Type (Primary, Secondary), By Application (Electric Vehicles, Military Electronics), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20D2035 |
Region:
Global |
Published Date: January, 2025
Pages:
237
|Tables:
91
|Figures:
76
Format -
Metal Air Battery Market Insights
Global Metal Air Battery Market size was valued at USD 589.3 million in 2023 and is poised to grow from USD 677.69 million in 2024 to USD 2073.08 million by 2032, growing at a CAGR of 15.0% during the forecast period (2025-2032).
Metal air batteries are the most popular alternative to lithium-ion and lithium air batteries, which are now utilized in the majority of application areas. Lower production costs are the result of the battery's ability to utilize abundant metals like iron, zinc, and aluminum. Batteries are a unique type of fuel cell that use metal as an anode and air as an oxidant. These are utilized in a variety of products, including watches, navigational systems, watches, and hearing aids.
Currently, metal air batteries are primarily utilized in electronic devices like buttons, hearing aids, remote-controlled toys, and others. The potential for these batteries grows along with the expansion of the consumer electronics market with new gadgets. These can also be utilized in electric vehicles, which are anticipated to grow in popularity over the course of the next ten years in the global market.
US Metal Air Battery Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Primary
Fastest Growth
Primary
Growth Rate
15.0% CAGR
Global Metal Air Battery Market 2022-2028 ($ Bn)
Country Share for Asia-Pacific Region- 2021 (%)
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Metal Air Battery Market Segments Analysis
Global Metal Air Battery Market is segmented by Metal, Voltage, Type, Application and region. Based on Metal, the market is segmented into Zinc, Lithium, Aluminum, Iron and Others. Based on Voltage, the market is segmented into Low (<12 V), Medium (12 - 36 V) and High (>36 V). Based on Type, the market is segmented into Primary and Secondary. Based on Application, the market is segmented into Electric Vehicles, Military Electronics, Electronics Devices, Stationary Power and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Metal Air Battery Market Analysis by Metal
On the basis of metal, the metal air battery market is dominated by zinc-air batteries. Since only zinc-air batteries have been successfully marketed, they have a substantial market share and show promising growth opportunities. These are currently utilized for electronic and stationary power equipment. As it is being tested for electric vehicles as well as for big storage systems in the renewable energy industry, aluminum air batteries are anticipated to experience healthy growth in the upcoming years.
Metal Air Battery Market Analysis by Type
On the basis of type, the primary metal air batteries are currently dominating the market, as they are being produced on a large scale. On the other hand, market participants are attempting to make metal air batteries rechargeable, which would represent a significant shift in the energy storage systems sector as a whole. The main factor influencing the use of these batteries in fixed electricity and EV on a wider scale is rechargeability. Therefore, in the upcoming years, the secondary metal air batteries are expected to dominate the market because of their rapid recharging feature.
Metal Air Battery Market Analysis by Application
On the basis of application, the electronics devices segment currently holds the majority of the market share, due to the fact that compact electronics are where most commercial metal air batteries are used. Further, the development of metal air batteries using aluminum is being researched and planned by top EV companies like TESLA, which will accelerate the exponential rise of EVs. The primary factor that will indirectly increase investments for electric vehicle applications and therefore fuel the expansion of the EV segment is the global requirement to reduce carbon emissions, coupled with increasing rate of emissions from the transport sector.
Global Metal Air Battery Market By Type, 2021 (%)
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Metal Air Battery Market Regional Insights
Based on region, Asia Pacific is currently dominating the global metal air battery market, as it is the manufacturing hub for the majority of electronics worldwide. Additionally, it is also a home to nations like China and Japan, which together make up more than half of the global EVS. Huge investments in renewable energy and research & development to address battery issues are other elements that contribute to the success of the region.
North America is the second biggest region in the market after Asia Pacific. A significant number of market participants working to create the best metal air batteries have resulted in investment flow and the operation of numerous pilot projects to evaluate the efficacy of the manufactured goods.
Global Metal Air Battery Market By Geography, 2022-2028
- Largest
- Fastest
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Metal Air Battery Market Dynamics
Metal Air Battery Market Drivers
Growing demand for batteries for backup power systems
- To accomplish the production goals, significant energy demands have been made obligatory across all industries. In order to balance the working hours, more batteries have been placed for power backup. Batteries are also being installed at residential locations, either in place of or in addition to rooftop solar power. To run the technologically sophisticated technologies that have been developed to maintain high levels of security, military activities in remote places need a reliable source of backup power. This creates opportunities for the installation of high voltage metal air batteries and is supporting the market expansion.
Increasing investments as a result of the economical advantages and high capacity associated with the metal air batteries
- Investors are drawn to produce these batteries on a bigger scale because of the low manufacturing cost of metal air batteries compared to its alternatives, which is supported by the use of readily accessible metals as anodes and air as the oxidant. Another element that makes these batteries a potential prospect for the producers to generate significant profits is their increased energy density.
Metal Air Battery Market Restraints
Increasing demand for lithium-ion batteries
- Due to their increased stability and commercial viability, lithium-ion batteries are expanding quickly and will dominate the industry in the next few years. This will make it more difficult for metal air batteries to gain market share in the energy storage sector, as more than 3/4 of the market for energy storage devices is currently occupied by lithium-ion batteries.
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Metal Air Battery Market Competitive Landscape
Key players in the global metal air battery market include INantEnergy Inc., Log 9 Materials, and Phinergy among others. These major competitors are working to manufacture metal air batteries as efficiently as possible while doing rigorous research and development to improve the performance features. These important players are engaging in several cooperative initiatives while putting a concentrated emphasis on effective operations with little energy loss. Companies are striving to reach clients worldwide because the business is still in its infancy and is concentrated in specific regions, which will increase the potential for the metal air battery market to expand.
Top Players in Metal Air Battery Market
- Phinergy (Israel)
- NantEnergy (USA)
- Log 9 Materials (India)
- Arotech Corporation (USA)
- PolyPlus Battery Company (USA)
- Zinc8 Energy Solutions Inc. (Canada)
- ZAF Energy Systems Inc. (USA)
- Epsilor Electric Fuel (Israel)
- ZeniPower Battery Co. Ltd. (China)
- Duracell Inc. (USA)
- Energizer Holdings, Inc. (USA)
- Panasonic Corporation (Japan)
- GP Batteries International Limited (Hong Kong)
- Renata S.A. (Switzerland)
- Arconic Corporation (USA)
- Fuji Pigment Co., Ltd. (Japan)
- Ionomr Innovations Inc. (Canada)
- ACTXE Limited (UK)
- E-Stone Batteries B.V. (Netherlands)
- Thunderzee (USA)
Metal Air Battery Market Recent Developments
- In July 2021, Form Energy, that is a Boston-based startup, developed an innovative low-cost, long-duration rechargeable iron-air battery that can deliver electricity for 100 hours at system costs and costs less than 1/10th the cost of a lithium-ion battery.
- In July 2021, Illinois Institute of Technology developed a unique combination of internal battery components that allow lithium and oxygen to react with minimal interference, avoiding the formation of byproducts that decrease the efficiency of the battery, thereby facilitating lithium-air batteries with a long cycle life, achieving 1,200 charges and discharges. A hybrid electrolyte has also been developed to absorb impurities.
Metal Air Battery Key Market Trends
- The increasing adoption of renewable energy resources, such as wind and solar, is one of the major trends of the metal air battery market as the demand for battery energy storage systems is expected to benefit the market in the forecasted period.
Metal Air Battery Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the analysis, the global metal air battery market is currently led by countries in the Asia Pacific region with the secondary metal air battery segment anticipated to dominate the market share, owing to its rapid recharging ability and increasing demand, over the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 589.3 million |
| Market size value in 2032 | USD 2073.08 million |
| Growth Rate | 15.0% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Million |
| 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 Metal Air 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 Metal Air 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 Metal Air 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 Metal Air 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 Metal Air Battery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Metal Air 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.
Metal Air Battery Market Report Snapshots
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