Metal-air Battery Market by Metal (Aluminum, Iron, Lithium, Zinc, and Others), Voltage (Low, Medium, and High), Application (Electric Vehicles, Military Electronics, Electronic Devices, Stationary Power, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

According to a new study conducted by Research Dive, the global metal-air battery market size is predicted to $1,123,100.0 thousand by 2027, increasing from $364,600.0 thousand in 2019 at a CAGR of 15.0%. The global market share has been commanded by Asia-Pacific and the market is projected to reach a revenue of $444,747.6 thousand by the end of 2027.

COVID-19 Impact on the Global Metal-air Battery Market:

The COVID-19 pandemic has resulted in immense disruption in the metal-air battery market across the globe. This is majorly owing to COVID-19 lockdown having a significant impact on the battery supply chains because of the early lockdown in China, which is the leading manufacturing hub for batteries. However, some of the manufacturers are continuously undertaking various strategies such as collaborations and joint ventures to gain a strong position in the overall industry. For instance, in February 2020, Indian Oil Corporation made a strategic partnership with Phinergy to adopt innovative technologies in the development, manufacturing, and assembly as well as sales of Al-air batteries. Phinergy has resumed the development of aluminum-air batteries after the lockdown and aims to enhance company’s portfolio in the Indian market. This aspect is projected to propel the growth of the market in the emergency time.

Rising demand for high energy density storage systems is a major driving factor for the growth of the global metal-air battery market

Increasing necessity of high energy density storage solutions for voltage stability and system stability and rising shift to green energy sources to minimize environmental pollution as well as consumer shift to electric vehicles utilization are predicted to fuel the industry growth in the forecast years. This growth is majorly owing to inherent properties of the metal-air batteries such as being environmentally friendly, a better alternative to Li-ion battery, and cost effective. Furthermore, increasing utilization of metal air batteries for high energy density applications owing to advanced features like safe, high-capacity, low dependence of the function on operating load and eco-friendly storage is estimated to propel the growth of the market in the forecast time. This growth is attributed to the fact that metal-air batteries are constructed with majorly lithium, zinc, and aluminum and do not require any external electrolytes that are not eco-friendly.

To know more about metal-air battery market drivers, get in touch with our analysts here.

Cost of advanced battery systems is a major restraint for the growth of the metal-air battery market

High investments are required for the design and development of advanced metal-air batteries, which may significantly restrain the growth of the market in the forecast time. Also, some of the key factors like low specific energy and poor rate capability of metal-air batteries may also hamper the market growth in the estimated time.

Growing demand from aerospace industry is a major opportunity for the growth of the metal-air battery market

Constant demand for metal-air batteries from aerospace sector is projected to generate vast investment opportunities for the metal-air battery market growth in the coming years. The technological development in metal-air batteries to select suitable candidates like Zinc-air and lithium-air to increase energy storage is predicted to fuel market growth in the coming years. Some of the manufacturers are focusing on designing of lightweight and high specific energy batteries for civil and military applications which are predicted to create a bigger market are fuel the growth in the coming years.

To know more about metal-air battery market opportunities, get in touch with our analysts here.

Metal-air Battery Market, by Metal:

Lithium accounted for major revenue share in 2019

Source: Research Dive Analysis

The global metal-air battery market for lithium metal sub-segment registered for major revenue share in 2019, which was 36.8% and is estimated to continue its constant growth during the forecast time. This dominance is majorly owing to extensive utilization of lithium metal in the manufacturing of metal-air batteries because of its high energy density. Lithium-air battery is considered as powerful competitors to other traditional metal that are being used in batteries manufacturing.

Metal-air Battery Market, by Voltage:

Low voltage sub-segment generated for evident revenue share in the previous decades

Source: Research Dive Analysis

The low voltage sub-segment held the highest share of the global metal-air battery market in 2019; it was over $152,728.0 thousand and is anticipated to retain its position with a CAGR of 14.8% in the review time. Wide utilization of low voltage batteries in miniature electronic devices like lightings, hearing aids, watches, and others is estimated to propel the growth of the market in the forecast time. Furthermore, rising demand for miniature electronic devices such as pacemaker, smart watches, and others due to increasing adoption of advanced electronic devices is predicted to impel the market growth in the analysis period.

Metal-air Battery Market, by Application:

Electrical vehicles application was a major revenue contributor in 2019

Source: Research Dive Analysis

The global metal-air battery market for electric vehicles application accounted for an evident industry size in 2019 and is estimated to continue its constant growth throughout the analysis period. Continuous utilization of metal-air batteries in electric vehicles is expected to drive the growth of the market. Also, government implementation and promotions to use electric vehicles to minimize fossil fuels consumption is predicted to drive the market growth in the review time.

Metal-air battery Market, by Region:

Asia-Pacific region dominated the market size in 2019

In the past decades, the Asia-Pacific region held the largest metal-air battery market size; it was over $444,747.6 thousand in 2019 and is estimated to maintain its dominance over the industry during the forecast time. Renewable energy, electric vehicles, and consumer electronics industries are expected to surge the demand for highly advanced batteries like metal-air, which is predicted to create noteworthy opportunities for the market growth in the Asia-Pacific region. Furthermore, in 2018, Phinergy partnered with Yunnan Aluminum Co., Ltd., a china-based company,  for the production of highly advanced metal-air batteries. This aspect is estimated to impel the market growth across the Asia-Pacific region in the forecast period.

To explore more about metal-air battery market, get in touch with our analysts here.

Metal-air battery Market, Key Players:

Collaborations and mergers are the most common strategies followed by the leading players

Source: Research Dive Analysis

The key global metal-air battery market players are Arconic, GPB International Limited, Arotech Corporation, Fuji Pigment Co., Ltd., Zinc8 Energy Solutions Inc., POLY PLUS, E-Stone Batteries B.V., NantEnergy Inc., Log 9 Materials and PHINERGY. These market participants are concentrating on collaborations and mergers to achieve a competitive edge in the global industry.

Porter’s Five Forces Analysis for Metal-air Battery Market:

• Bargaining Power of Supplier: Metal-air battery market contains high concentration of small & medium and large size providers and the resulting bargaining power is predicted to be high. Also, rising users’ demand is generating huge growth prospects in the market. The negotiating power of suppliers is Moderate.
• Bargaining Power of Consumer: Metal-air battery market contains huge number of customers, but price related to advanced metal-air batteries is high. The negotiating power of consumers is Moderate.
• Threat of New Entrants: This market requires high investments for the designing of advanced and cost-effective batteries. Furthermore, rising demand for metal-air batteries is delivering Moderate risk of new contestants into the industry.
• Threat of Substitution: This market has fewer number of alternative, resulting significant demand for the metal-air battery. However, product difference between the players is predicted to be moderate resulting in Moderate risk of substitutes.
• Competitiveness in the industry: Metal-air battery industry contains large number of key industry players. These manufacturers are concentrating on mergers & acquisitions and geographical expansions new technology to increase their market share in the overall industry. Thereby, the competition in the market is High.
   

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Metal trends
2.3.Voltage trends
2.4.Application trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways
3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview

4.Metal-Air Battery market, by Metal

4.1.Aluminum 

4.1.1.Market size and forecast, by region, 2019-2027
4.1.2.Comparative market share analysis, 2019&2027

4.2.Iron 

4.2.1.Market size and forecast, by region, 2019-2027
4.2.2.Comparative market share analysis, 2019&2027

4.3.Lithium 

4.3.1.Market size and forecast, by region, 2019-2027
4.3.2.Comparative market share analysis, 2019&2027

4.4.Zinc 

4.4.1.Market size and forecast, by region, 2019-2027
4.4.2.Comparative market share analysis, 2019&2027

4.5.Others 

4.5.1.Market size and forecast, by region, 2019-2027
4.5.2.Comparative market share analysis, 2019&2027

5.Metal-Air Battery market, by Voltage

5.1.Low 

5.1.1.Market size and forecast, by region, 2019-2027
5.1.2.Comparative market share analysis, 2019&2027

5.2.Medium

5.2.1.Market size and forecast, by region, 2019-2027
5.2.2.Comparative market share analysis, 2019&2027

5.3.High 

5.3.1.Market size and forecast, by region, 2019-2027
5.3.2.Comparative market share analysis, 2019&2027

6.Metal-Air Battery market, by Application

6.1.Electric Vehicles

6.1.1.Market size and forecast, by region, 2019-2027
6.1.2.Comparative market share analysis, 2019&2027

6.2.Military Electronics

6.2.1.Market size and forecast, by region, 2019-2027
6.2.2.Comparative market share analysis, 2019&2027

6.3.Stationary Power

6.3.1.Market size and forecast, by region, 2019-2027
6.3.2.Comparative market share analysis, 2019&2027

6.4.Others 

6.4.1.Market size and forecast, by region, 2019-2027
6.4.2.Comparative market share analysis, 2019&2027

7.Metal-Air Battery market, by Region

7.1.North America

7.1.1.Market size and forecast, by metal, 2019-2027
7.1.2.Market size and forecast, by voltage, 2019-2027
7.1.3.Market size and forecast, by application, 2019-2027
7.1.4.Market size and forecast, by country, 2019-2027
7.1.5.Comparative market share analysis, 2019&2027

7.1.6.U.S.

7.1.6.1.Market size and forecast, by metal, 2019-2027
7.1.6.2.Market size and forecast, by voltage, 2019-2027
7.1.6.3.Market size and forecast, by application, 2019-2027
7.1.6.4.Comparative market share analysis, 2019&2027

7.1.7.Canada

7.1.7.1.Market size and forecast, by metal, 2019-2027
7.1.7.2.Market size and forecast, by voltage, 2019-2027
7.1.7.3.Market size and forecast, by application, 2019-2027
7.1.7.4.Comparative market share analysis, 2019&2027

7.1.8.Mexico

7.1.8.1.Market size and forecast, by metal, 2019-2027
7.1.8.2.Market size and forecast, by voltage, 2019-2027
7.1.8.3.Market size and forecast, by application, 2019-2027
7.1.8.4.Comparative market share analysis, 2019&2027

7.2.Europe

7.2.1.Market size and forecast, by metal, 2019-2027
7.2.2.Market size and forecast, by voltage, 2019-2027
7.2.3.Market size and forecast, by application, 2019-2027
7.2.4.Market size and forecast, by country, 2019-2027
7.2.5.Comparative market share analysis, 2019&2027

7.2.6.Germany 

7.2.6.1.Market size and forecast, by metal, 2019-2027
7.2.6.2.Market size and forecast, by voltage, 2019-2027
7.2.6.3.Market size and forecast, by application, 2019-2027
7.2.6.4.Comparative market share analysis, 2019&2027

7.2.7.UK

7.2.7.1.Market size and forecast, by metal, 2019-2027
7.2.7.2.Market size and forecast, by voltage, 2019-2027
7.2.7.3.Market size and forecast, by application, 2019-2027
7.2.7.4.Comparative market share analysis, 2019&2027

7.2.8.France

7.2.8.1.Market size and forecast, by metal, 2019-2027
7.2.8.2.Market size and forecast, by voltage, 2019-2027
7.2.8.3.Market size and forecast, by application, 2019-2027
7.2.8.4.Comparative market share analysis, 2019&2027

7.2.9.Spain

7.2.9.1.Market size and forecast, by metal, 2019-2027
7.2.9.2.Market size and forecast, by voltage, 2019-2027
7.2.9.3.Market size and forecast, by application, 2019-2027
7.2.9.4.Comparative market share analysis, 2019&2027

7.2.10.Italy 

7.2.10.1.Market size and forecast, by metal, 2019-2027
7.2.10.2.Market size and forecast, by voltage, 2019-2027
7.2.10.3.Market size and forecast, by application, 2019-2027
7.2.10.4.Comparative market share analysis, 2019&2027

7.2.11.Rest of Europe

7.2.11.1.Market size and forecast, by metal, 2019-2027
7.2.11.2.Market size and forecast, by voltage, 2019-2027
7.2.11.3.Market size and forecast, by application, 2019-2027
7.2.11.4.Comparative market share analysis, 2019&2027

7.3.Asia Pacific

7.3.1.Market size and forecast, by metal, 2019-2027
7.3.2.Market size and forecast, by voltage, 2019-2027
7.3.3.Market size and forecast, by application, 2019-2027
7.3.4.Market size and forecast, by country, 2019-2027
7.3.5.Comparative market share analysis, 2019&2027

7.3.6.China

7.3.6.1.Market size and forecast, by metal, 2019-2027
7.3.6.2.Market size and forecast, by voltage, 2019-2027
7.3.6.3.Market size and forecast, by application, 2019-2027
7.3.6.4.Comparative market share analysis, 2019&2027

7.3.7.India 

7.3.7.1.Market size and forecast, by metal, 2019-2027
7.3.7.2.Market size and forecast, by voltage, 2019-2027
7.3.7.3.Market size and forecast, by application, 2019-2027
7.3.7.4.Comparative market share analysis, 2019&2027

7.3.8.Japan 

7.3.8.1.Market size and forecast, by metal, 2019-2027
7.3.8.2.Market size and forecast, by voltage, 2019-2027
7.3.8.3.Market size and forecast, by application, 2019-2027
7.3.8.4.Comparative market share analysis, 2019&2027

7.3.9.Australia 

7.3.9.1.Market size and forecast, by metal, 2019-2027
7.3.9.2.Market size and forecast, by voltage, 2019-2027
7.3.9.3.Market size and forecast, by application, 2019-2027
7.3.9.4.Comparative market share analysis, 2019&2027

7.3.10.South Korea

7.3.10.1.Market size and forecast, by metal, 2019-2027
7.3.10.2.Market size and forecast, by voltage, 2019-2027
7.3.10.3.Market size and forecast, by application, 2019-2027
7.3.10.4.Comparative market share analysis, 2019&2027

7.3.11.Rest of Asia Pacific

7.3.11.1.Market size and forecast, by metal, 2019-2027
7.3.11.2.Market size and forecast, by voltage, 2019-2027
7.3.11.3.Market size and forecast, by application, 2019-2027
7.3.11.4.Comparative market share analysis, 2019&2027

7.4.LAMEA

7.4.1.Market size and forecast, by metal, 2019-2027
7.4.2.Market size and forecast, by voltage, 2019-2027
7.4.3.Market size and forecast, by application, 2019-2027
7.4.4.Market size and forecast, by country, 2019-2027
7.4.5.Comparative market share analysis, 2019&2027

7.4.6.Latin America 

7.4.6.1.Market size and forecast, by metal, 2019-2027
7.4.6.2.Market size and forecast, by voltage, 2019-2027
7.4.6.3.Market size and forecast, by application, 2019-2027
7.4.6.4.Comparative market share analysis, 2019&2027

7.4.7.Middle East 

7.4.7.1.Market size and forecast, by metal, 2019-2027
7.4.7.2.Market size and forecast, by voltage, 2019-2027
7.4.7.3.Market size and forecast, by application, 2019-2027
7.4.7.4.Comparative market share analysis, 2019&2027

7.4.8.Africa

7.4.8.1.Market size and forecast, by metal, 2019-2027
7.4.8.2.Market size and forecast, by voltage, 2019-2027
7.4.8.3.Market size and forecast, by application, 2019-2027
7.4.8.4.Comparative market share analysis, 2019&2027

8.Company profiles

8.1.Arconic 

8.1.1.Business overview
8.1.2.Financial performance
8.1.3.Metal portfolio
8.1.4.Recent strategic moves & developments
8.1.5.SWOT analysis

8.2.GPB International Limited

8.2.1.Business overview
8.2.2.Financial performance
8.2.3.Metal portfolio
8.2.4.Recent strategic moves & developments
8.2.5.SWOT analysis

8.3.Arotech Corporation

8.3.1.Business overview
8.3.2.Financial performance
8.3.3.Metal portfolio
8.3.4.Recent strategic moves & developments
8.3.5.SWOT analysis

8.4.Fuji Pigment Co., Ltd.

8.4.1.Business overview
8.4.2.Financial performance
8.4.3.Metal portfolio
8.4.4.Recent strategic moves & developments
8.4.5.SWOT analysis

8.5.Zinc8 Energy Solutions Inc.

8.5.1.Business overview
8.5.2.Financial performance
8.5.3.Metal portfolio
8.5.4.Recent strategic moves & developments
8.5.5.SWOT analysis

8.6.POLY PLUS

8.6.1.Business overview
8.6.2.Financial performance
8.6.3.Metal portfolio
8.6.4.Recent strategic moves & developments
8.6.5.SWOT analysis

8.7.E-Stone Batteries B.V.

8.7.1.Business overview
8.7.2.Financial performance
8.7.3.Metal portfolio
8.7.4.Recent strategic moves & developments
8.7.5.SWOT analysis

8.8.NantEnergy Inc.

8.8.1.Business overview
8.8.2.Financial performance
8.8.3.Metal portfolio
8.8.4.Recent strategic moves & developments
8.8.5.SWOT analysis

8.9.Log 9 Materials

8.9.1.Business overview
8.9.2.Financial performance
8.9.3.Metal portfolio
8.9.4.Recent strategic moves & developments
8.9.5.SWOT analysis

8.10.PHINERGY

8.10.1.Business overview
8.10.2.Financial performance
8.10.3.Metal portfolio
8.10.4.Recent strategic moves & developments
8.10.5.SWOT analysis

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