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Metal Air Battery Market Report

RA00313

Metal Air Battery Market, by Metal Type (Zinc, Iron, Aluminum, and Lithium), Voltage (Low, Medium, and High), and Application (Electric Vehicles, Stationary Power Plants, Consumer Electronics, Others), End-User (Automotive, Electronics, Defense & Military, Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

RA00313

Pages: 180

Apr 2020

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The global metal air battery market is anticipated to witness significant growth owing to the increasing demand for metal air batteryin high-capacity energy storage applications. In addition, these are also used in electric vehicles and consumer electronics owing to its energy density. However, these batteries are vulnerable to corrosion, which in turn is anticipated to restrain the market growth in the forecast period. 

Metal Air Battery Market Analysis:

Metal air batteries are designed to offer features of conventional as well as fuel cell properties. These batteries consist of anode, cathode, and electrolyte. Metal air batteries consist of porous cathode and metal anodes such as lithium, sodium, zinc, and others. Metal air batteries offer 3-30 times higher energy density as compared to Li-ion batteries, thus making it an alternative in electric vehicles. Aqueous type of metal air battery has gained importance in energy storage for various applications such as stationary power plants, hearing aids, and consumer electronic products. However, problems related to electrolytes, corrosion of metal anodes, and requirement of air catalysts are predicted to hamper the market growth in the predicted timeperiod.

The upsurge in the utilization of metal air battery in electric vehicles, energy storage devices, and others are predicted to enhance the demand of the global metal air battery market

Metal air batteries are environmentally friendly, cost-effective, and availability of raw materials is the prime properties that are contributing towards the use of these batteries as an alternative to Li-ion batteries. These batteries are used in electric vehicles owing to its high energy density and storage capacity. The development of electric vehicles has increased the demand for metal air batteries for increasing the capacity of energy storage of batteries which turn helps to increase the range. Moreover, technological advancements have been developed in order to recycle these batteries. It can also be used in hearing devices, watches, and stationary energy storage applications. Thus these factors are anticipated to fuel the growth of the global metal air battery market in the forecast period. 

Corrosion, the formation of solid electrolyte interphase (SEI) film, and internal short circuits are the major issues that are declining the demand of the metal air battery

There are several disadvantages of metal air batteries such as corrosion, the formation of SEI film, internal short circuits, and selection of proper electrode with all necessary propertiesare major factors that are limiting the growth of the market. These batteries are vulnerable to the formation of a passive layer called SEI film, which in turn leads to degradation of battery performance. Besides, short circuits in the battery can lead to an explosion, and the formation of dendrite can decrease the performance. These factors are expected to negatively impact on market growth. 

Technological advancements to avoid corrosion and utilization of air feedstock are predicted to offer opportunities in the global metal air battery market

Several technological advancements are carried out to reduce the corrosion problem of batteries. For instance, the Massachusetts Institute of Technology has developed an oil that is used to reduce the corrosion problems and enhance the shelf life of the battery. In addition, the utilization of oxygen and air feedstock during the assembly of the anode has enhanced the energy storage capacity of these batteries. Thus, these factors are foreseen to offer opportunities in the forecast period.

Metal Air Battery Market, by Metal Type:

Zinc metal type in the metal air battery market is foreseen to be the fastest growing segment till 2027

Bymetal type, the globalmetal air battery market is bifurcated into zinc, iron, aluminum, and lithium. Among these,zinc metal type segment dominated the market shares and is predicted to continue its dominance in the forecast period. This metal type offers increased energy density, and it is the ideal choice in hearing aids. Moreover, increasing the utilization of zinc metal air battery in navigation systems, railway signaling has increased the demand for zinc metal air battery market, among others. 

Metal Air Battery Market, by Voltage:

Low-voltage metal air battery segment is growing with a faster CAGR rate and is anticipated to dominate the market till the end of the forecast period

The globalmetal air battery market is segmented on the basis of voltage, such as low voltage (<12V), medium (12V-24V), and high (>36V). Among these, the low voltage metal air battery market is rising at a faster CAGR rate owing to the rising use of these batteries in communication devices and monitoring systems. Also, these are gaining importance in smartwatches and other electronic devices due to their enhanced shelf-life and energy density. 

Metal Air Battery Market, by Application:

Electric vehicle application segment is anticipated to dominate the market in the projected period

The globalmetal air battery market is segmented on the basis of applications, such aselectric vehicles, stationary power plants, consumer electronics, and others. Out of these, the electric vehicle segment dominated the market share in 2019 and is anticipated to continue its dominance until the end of the forecast period. Rising concern about environmental pollution has increased the demand for electric vehicles in the automobile industry. Metal air battery offers beneficial properties such as operability, reduced cost, and eco-friendliness. Thus rise in the electric vehicles has pushed the demand of metal air battery market in the projected timeframe. 

Metal Air Battery Market, by End-User:

Automotive end-user is foreseen to be the fastest growing segment till 2027

By the end-user, the globalmetal air battery market is bifurcated into automotive, electronics, defense & military, and others. Among these,automobile end-user dominated the market shares in 2019, and it is anticipated to be the fastest growing end-user in the metal air battery market. The government is providing initiatives for manufacturers of electric vehicles owing to the reduction of environmental pollution. Thus, metal air batteries are used in electric vehicles, which in turn have enhanced the demand for the global metal air battery market. 

Metal Air Battery Market, by Region:

Asia-Pacific region has dominated the market share and is expected to continue its dominance until the end of the forecast period

The globalmetal air battery marketis analyzed across NorthAmerica, Europe, Asia-Pacific, and LAMEA regions.Among these, the Asia-Pacific region dominated the market shares in 2019 and is expected to continue its dominance in the forecast period. Countries such as China, India, and Indonesia have the highest demand for metal air batteries in electric vehicles and consumer electronic products. In addition, the presence of major keyplayers such as Aqua Power Systems, Log9 Material, and others have attributed towards the dominance of the global metal air battery market in the Asia-Pacific region. 

To explore more about the globalmetal air batterymarket, get in touch with our analysts here.

https://www.researchdive.com/connect-to-analyst/313

Key Participants in the Global Metal Air Battery Market:

Merger & acquisition andadvanced product development are the frequent strategies followed by the market players

Key Participants in the Global Metal Air Battery Market

Major key players in the global metal air battery market are Log 9 Materials, Zinc 8 Energy Solutions Inc., Arotech Corporation, Aqua Power Systems, E Stones Batteries B.V., Energizer Holdings Inc., PolyPlus Battery Company, Phinergy, Nant Energy Inc., Arconic Inc., and others.

Market players prefer inorganic growth strategies to expand into local markets. The globalmetal air battery market players are emphasizing more on merger & acquisition and advanced product development.These are the strategies followed by established organizations.To emphasize more on the competitor analysis of market players,Porter's five forces model is explained in the report.

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation 

  2019

  Forecast timeline for Market Projection

  2020-2027

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentationby Metal Type

  • Zinc
  • Iron
  • Aluminum
  • Lithium

  Segmentation by Voltage

  • Low
  • Medium
  • High

  Segmentation by Application

  • Electric Vehicle
  • Stationary Power Plants
  • Consumer Electronics
  • Others

  Segmentation by End-User

  • Automotive
  • Electronics
  • Defense & Military
  • Others

  Key Countries Covered

U.S., Canada, Germany, France, Spain,

Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

  Key Companies Profiled

 

  • Log 9 Materials
  • Zinc 8 Energy Solutions Inc.
  • Arotech Corporation
  • Aqua Power Systems
  • E Stones Batteries B.V.
  • Energizer Holdings Inc.
  • PolyPlus Battery Company
  • Phinergy
  • Nant Energy Inc.
  • Arconic Inc.
  • Others

Source: Research Dive Analysis


FREQUENTLY ASKED QUESTIONS?
 

A. Aqua Power Systems, Log 9 Materials, and Arconic Inc., and others are some of the key players in theglobal metal air battery market.

A. The Asia-Pacific region possesseshigh investment opportunities for investors to witness the most promising growth in the future.

A. Technological advancements,product development, along with joint ventures, are the key strategies opted by the operating companies in this market.

A. Zinc 8 Energy Solutions Inc., Arotech Corporation, and Arconic Inc., are thecompanies investing more in R&D activities for developing new products and technologies.

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