Metal-air battery market size worth USD 744.66 million,

Pune, India, Oct. 13, 2022 (GLOBE NEWSWIRE) — The world Metal-Air Battery Market was USD 431.49 Million in 2020. The global market size is expected to grow from USD 445.04 Million in 2021 and is projected to reach USD 744.66 by 2028, growing at a CAGR of 7.6% during the period forecast 2021-2028. This information is provided by Fortune Business Insights, in its report titled “Metal-Air Battery Market, 2021-2028”.

According to our analysts, the high applications in eco-friendly energy-saving devices to drive the growth of the market. Competitive edge over alternatives to help Metal-Air Battery Market reach USD 744.66 Million by 2028.

Request a sample copy of the research report: https://www.fortunebusinessinsights.com/enquiry/sample/metal-air-battery-market-105056

Report Highlights:

Report cover Details
Forecast period 2021-2028
Forecast Period 2021 to 2028 CAGR 7.6%
2028 value projection $744.66 million
base year 2020
Market size in 2020 $431.49 million
Historical data for 2017-2019
Number of pages 180
Segments Covered By metal, by type, by application and by region
Growth engines Clear shift to renewable energy resources to drive growth
Increasing Electric Vehicle Adoption to Drive Demand in Asia-Pacific

Impacts of COVID-19:

Influence of COVID-19 on Global Metal-Air Battery Market is Hampering Growth

COVID-19 outbreak hampered the growth of the Metal-Air Battery market. The new coronavirus has restricted the distribution of batteries. The vital battery component is mostly available in Asia-Pacific, but the pandemic has overexposed the reliability of raw materials in the region.

To learn more about the short and long term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/metal-air-battery-market-105056

Drivers and Restrictions:

Clear shift to renewable energy resources to drive growth

According to the International Energy Agency (IEA), electricity generation from renewable resources increased by 6% in 2019. Wind and solar technologies contributed nearly 64% of the increase in value . Clean energy has become a necessity for the world for several reasons. Firstly, we are running out of fossil fuels and secondly, such intensive use leads to a high rate of carbon emissions, which is not enough in current circumstances. Governments, large corporations and other organizations are quickly focusing on solar energy as a primary resource. For example, the Yanchi solar park in China, operational since 2016, produces a power of 820 MW.

These plants require large capacity batteries to store energy. Hence, the increasing adoption of renewable energy sources is expected to drive the demand for metal-air batteries. However, they are still in the development stage and are more expensive than other alternatives due to the type of metal involved, which adds extra cost.

Also, their alternatives, such as lithium-ion batteries, are widely used in various end-user industries, especially in the field of consumer electronics, due to their light weight and low self-discharge rate. . These factors are expected to restrain the growth of the market.

Industry developments:

February 2020: Indian Oil Corporation Limited, a public sector oil and gas company based in New Delhi, India, has partnered with Phinergy, an Israeli start-up specializing in metal-air battery systems such as aluminum-air systems/ zinc. Under this partnership, the companies will develop metal-air batteries for electric vehicles.

List of key players mentioned in the report:

  • Phinergy (Israel)
  • Nant Energy (USA)
  • Log 9 Materials (India)
  • Arotech Corporation (USA)
  • PolyPlus (USA)
  • Fuji Pigment Co.Ltd. (Japan)
  • Zinc8 Energy Solutions (Canada)
  • GP Batteries (Hong Kong)
  • ZAF Energy Systems Inc. (ZAFSYS) (USA)
  • Thunderzee (USA)
  • Duracell Inc. (USA)
  • Energizer Holdings (USA)
  • Panasonic (Japan)
  • Electric fuel Epsilor (Israel)
  • Renata SA (Switzerland)
  • ZeniPower (Zhuhai Zhi Li) Battery Co., Ltd. (China)
  • Guangdong Tianqju Electronics Technology Co., Ltd (China)

Quick Buy – Metal-Air Battery Market Size research report: https://www.fortunebusinessinsights.com/checkout-page/105056

segments:

We have categorized the market based on metal, application and region. In terms of metal, the market is divided into zinc-air, lithium-air, aluminum-air, iron-air and others.

Based on the application, it is fragmented into electric vehicles (EV), stationary energy, military devices and electronic devices.

Based on region, it is segmented into North America, Europe, South America, Asia-Pacific, Middle East and Africa.

Key Benefits for Metal-Air Battery Market:

  • The Metal-Air Battery Market analysis covers in-depth information about the major players of the industry.
  • Porter’s five forces analysis helps in analyzing the potential of buyers and suppliers and the competitive scenario of the industry for making strategies.
  • Major countries have been mapped based on their individual contribution to regional market revenue.
  • The report provides an in-depth analysis of the Metal-Air Battery Market over the forecast period (2022-2028).
  • The report outlines current market trends and future scenario of the Global Metal-Air Battery Market to understand existing opportunities and potential investment pockets.
  • The main drivers, constraints and opportunities and their detailed impact analysis are explained in the study.

Regional outlook:

Increasing Electric Vehicle Adoption to Drive Demand in Asia-Pacific

The Asia-Pacific region is expected to dominate the metal-air battery market share during the forecast period. The growing adoption of electric vehicles in countries like China and Japan is believed to be accelerating the demand for metal-air batteries in the region. For example, according to the International Energy Agency, China supplied 45% of the total electric vehicles manufactured globally in 2018. In addition, the strong presence of major electronics manufacturers in the region is expected to drive growth. of the market.

North America is expected to hold the second largest market share. Large companies are focusing on the development of optimal metal-air batteries. This is expected to boost the market in the region.

Competitive Landscape:

Develop innovative products to help industry leaders find new applications

The metal-air battery market includes industry leaders, manufacturers, and several groups of scientists who are focused on exploring new ways of using metal-air batteries. For example, in April 2020, the Institute of Nanoscience and Technology (INST) announced the development of an efficient and economical electrocatalyst using fish gills. The new catalyst helps in the development of environmentally friendly energy-saving devices. It can also help companies overcome problems with renewable energy storage technologies.

You have a question ? Ask our experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/metal-air-battery-market-105056

Global Metal-Air Battery Market Cut Segmentation:

By Metal

  • Zinc Air
  • Aluminum-Air
  • Lithium Air
  • Iron-Air
  • Others

By request

  • Electric vehicle (EV)
  • stationary power
  • military equipment
  • Electronic appliances

By type

  • Primary
  • Secondary/Rechargeable

Contents

  • Introduction
    • Search scope
    • Market segmentation
    • Research Methodology
    • Definitions and assumptions
  • Summary
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • key ideas
    • Main emerging trends – for main countries
    • Latest technological advancement
    • Regulatory landscape
    • Industry SWOT Analysis
    • Analysis of the five forces of carriers
  • Qualitative Analysis – Impact of COVID-19
    • Impact of COVID-19 on the Metal-Air Battery Market
    • Measures taken by the government to overcome the impact
    • Key developments from industry players in response to COVID-19
    • Potential Opportunities and Challenges Due to the COVID-19 Outbreak
  • Global Metal-Air Battery Market Analysis (USD Million), Outlook and Forecast, 2017-2028
    • Main results/summary
    • Market Analysis, Outlook and Forecast – By Metal
      • Zinc Air
      • Aluminum-Air
      • Lithium Air
      • Iron-Air
      • Others
    • Market Analysis, Outlook and Forecast – By Type
      • Primary
      • Secondary/Rechargeable
    • Market Analysis, Outlook and Forecast – By Application
      • Electronic Vehicle (EV)
      • stationary power
      • military devices
      • Electronic
    • Market Analysis, Outlook and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Rest of the world
  • North America Metal-Air Battery Market Analysis (USD Million), Outlook and Forecast, 2017-2028
    • Main results/summary
    • Market Analysis, Outlook and Forecast – By Metal
      • Zinc Air
      • Aluminum-Air
      • Lithium Air
      • Iron-Air
      • Others
    • Market Analysis, Outlook and Forecast – By Type
      • Primary
      • Secondary/Rechargeable
    • Market Analysis, Outlook and Forecast – By Application
      • Electronic Vehicle (EV)
      • stationary power
      • military devices
      • Electronic
    • Market Analysis, Outlook and Forecast – by Country

Continued…

Get your personalized research report: https://www.fortunebusinessinsights.com/enquiry/customization/metal-air-battery-market-105056

About Us:

Fortune Business Insights™ delivers expert business analysis and accurate data, helping organizations of all sizes make timely decisions. We adapt innovative solutions to our customers, helping them to meet the challenges specific to their activities. Our goal is to give our clients holistic market intelligence, providing granular insight into the market they operate in.

Contact us:

Fortune Business Insights™ Pvt. ltd.
USA: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245

E-mail: [email protected]