USD 466.7 million
Report ID: SQMIG20D2035 | Region: Global | Published Date: April, 2023 | Pages: 237 | Tables: 91 | Figures: 76
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 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.
Global Market Size
USD 466.7 million
To get more reports on the above market click here to Buy The Report
The Global Metal Air Battery Market is segmented based on metal, type, application and region. Based on metal, it is categorized into Zinc-air, Lithium-air, aluminum-air and iron-air. Based on the type, it is categorized into Primary and Secondary/Rechargeable. Based on application, it is categorized into Electric Vehicle, Stationary Power, Military device and Electronic Device. Based on region, it is categorized into North America, Europe, Asia Pacific, and Rest of the World.
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.
To get detailed analysis on other segments, Request For Sample Report
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.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Metal Air Battery Market Drivers
Metal Air Battery Market Restraints
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
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.
Metal Air Battery Market Top Players Company Profiles
Metal Air Battery Market Recent Developments
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.
|Market size value in 2021||USD 466.7 million|
|Market size value in 2030||USD 529.98 million|
|Forecast Unit (Value)||USD Million|
|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)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global 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 Global 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.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global 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 Global 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.
Our industry expert will work with you to provide you with customized data in a short amount of time.SPEAK TO AN ANALYST
Get lifetime access to our reportsBasic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.
Product ID: SQMIG20D2035