What is the global market size of Metal Air Battery Market?

Global Metal Air Battery Market size was valued at USD 466.7 million in 2021 and is poised to grow from USD 529.98 million in 2022 to USD 1483.44 million by 2030, growing at a CAGR of 13.73% in the forecast period (2023-2030).

Metal Air Battery Market Size, Share, Growth Analysis, By Metal(Zinc-Air, Lithium-Air, Aluminum-Air, Iron-Air), By Type(Primary, Secondary/Rechargeable), By Application(Electric Vehicle, Stationary Power, Military device, Electronic Device), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Metal Air Battery Market?

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. 'Phinergy Ltd.', 'E-Stone Batteries B.V.', 'NantEnergy Inc.', 'Fuji Pigment Co. Ltd.', 'Gencell Ltd.', 'Fluidic Energy', 'UniEnergy Technologies', 'Oxis Energy Ltd.', 'ReVolt Technology', 'PolyPlus Battery Company', 'PATHION Inc.', 'ZAF Energy Systems Inc.', 'Energ2 Inc.', 'Silver-Zinc Energy Storage LLC', 'ZincFive Inc.', 'Lithium Werks B.V.', 'Amprius Inc.', 'EnerVenue Inc.', 'Innolith AG', '24M Technologies Inc.'.

Q: Which region accounted for the largest share in Global Metal Air Battery Market?

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.

Report ID: SQMIG20D2035 | Region: Global | Published Date: April, 2024
Pages: 237 | Tables: 91 | Figures: 76

Metal Air Battery Market News

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 Market Report Snapshots

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Metal Air Battery Market size was valued at USD 466.7 million in 2019 and is poised to grow from USD 529.98 million in 2023 to USD 1483.44 million by 2031, growing at a CAGR of 13.73% in the forecast period (2024-2031).

Key players in the 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. 'Phinergy Ltd.', 'E-Stone Batteries B.V.', 'NantEnergy Inc.', 'Fuji Pigment Co. Ltd.', 'Gencell Ltd.', 'Fluidic Energy', 'UniEnergy Technologies', 'Oxis Energy Ltd.', 'ReVolt Technology', 'PolyPlus Battery Company', 'PATHION Inc.', 'ZAF Energy Systems Inc.', 'Energ2 Inc.', 'Silver-Zinc Energy Storage LLC', 'ZincFive Inc.', 'Lithium Werks B.V.', 'Amprius Inc.', 'EnerVenue Inc.', 'Innolith AG', '24M Technologies Inc.'

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.

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.

Based on region, Asia Pacific is currently dominating the 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 EVS. Huge investments in renewable energy and research & development to address battery issues are other elements that contribute to the success of the region.

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Metal Air Battery Market Size, Share, Growth Analysis, By Metal(Zinc-Air, Lithium-Air, Aluminum-Air, Iron-Air), By Type(Primary, Secondary/Rechargeable), By Application(Electric Vehicle, Stationary Power, Military device, Electronic Device), By Region - Industry Forecast 2024-2031

Metal Air Battery Market News

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