Global Metal-Air Battery Market
Dublin, Nov. 22, 2022 (GLOBE NEWSWIRE) — The “Metal-air Battery Market by Metal (Zinc, Lithium, Aluminum, Iron), Voltage, Type (Primary, Secondary), Application (Electric Vehicles, Military Electronics, Electronic Devices, Stationary Power) and Region – Global Forecast to 2027” report added to by ResearchAndMarkets.com offering.
The metal-air battery market size is expected to grow from $498 million in 2022 to $993 million in 2027, at a CAGR of 14.8% from 2022 to 2027.
The growing demand for high-energy density storage solutions and the significant shift towards zinc-air batteries in electronic devices are some of the key factors driving the growth of this market.
By type, the secondary segment will lead the metal-air battery market in 2021
Secondary metal-air batteries are rechargeable batteries. They can be recharged electrically or mechanically (simply by replacing the metal anode of the battery).
These batteries are more expensive compared to single-use batteries, but they have less impact on the environment because they can be recycled instead of being thrown away. These batteries are cost-effective in the long term because they have a higher discharge rate and higher energy density.
By application, the stationary power segment is estimated to lead the metal-air battery market from 2022 to 2027
The energy industry is investing in metal-air batteries that outperform zinc-air and aluminum-air as next-generation sustainable solutions for grid energy storage. Energy storage systems eventually evolved to ensure energy transmission during grid service disruptions and blackouts.
Metal-air batteries can be used as energy storage devices or as efficient energy transfer stations for renewable energy producers. Due to their high scalability and energy density, metal-air batteries can be used in large stationary energy storage applications better in combination with renewable wind or solar power systems to offset the intermittent nature of these renewable power sources.
The potential for non-stop energy storage to revolutionize the power industry is expected to drive the development of emerging storage technologies that include metal-air batteries.
Germany to dominate the European metal-air battery market from 2022 to 2027
Germany accounts for the largest share of the overall metal-air battery market in Europe in 2021. The market in this country is also expected to witness growth during the forecast period due to favorable government initiatives to promote the metal-air battery technology and the need for clean, high-capacity, affordable, green battery technologies for electric vehicles.
Zinc-air batteries have received a lot of interest in recent years as one of the next-generation battery technologies likely to replace current lithium-ion technologies. The increased demand for efficient, high-performance, eco-friendly, and safe energy storage solutions is driving the development of zinc-air battery technology.
Key players in the metal-air battery market are Phinergy (Israel), Log 9 Materials (India), Arotech Corporation (US), PolyPlus (US), Duracell (US), Energizer Holdings (US), GP Batteries International (Hong Kong). ), Renata SA (Switzerland), and Zinc8 Energy Solutions (Canada).
- Increasing Adoption of Electronic Devices to Increase Demand for Metal-Air Batteries
- Zinc-Air Batteries to Hold Largest Market Share in 2027
- Electronic Devices and Zinc will be the Largest Owners of the Metal-Air Battery Market by 2027
- Low Voltage Metal-Air Battery to Dominate Market During Forecast
- Germany Market to Grow at Highest CAGR During Forecast Period
- Growing Demand for High Energy-Density Storage Solutions and Inherent Properties of Metal-Air Batteries
- Increasing Use of Zinc-Air Batteries in Electronic Devices
- Global Transition Toward Green-Energy Sources
- Sodium-Sulfur Batteries
- Cobalt Free Batteries
- Silicon-Air Batteries
- Liquid-Metal Batteries
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