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 has been added to from ResearchAndMarkets.com offer.
The Metal-Air Battery market size is expected to grow from USD 498 Million in 2022 to USD 993 Million by 2027, growing at a CAGR of 14.8% from 2022 to 2027.
Growing demand for high energy density storage solutions and significant shift towards zinc-air batteries in electronic devices are some of the major factors propelling the growth of this market.
By type, the secondary segment dominated 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 than single-use batteries, but they have less impact on the environment because they can be recycled instead of thrown away. These batteries are cost effective in the long run because they have a higher discharge rate and higher energy density.
By application, stationary power supply segment is expected to lead the metal-air battery market from 2022 to 2027
The energy industry has invested in metal-air batteries, preferably zinc-air and aluminum-air, as a next-generation sustainable solution for grid energy storage. Energy storage systems eventually evolved to provide power transmission during grid service interruptions 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-scale stationary energy storage applications, preferably in combination with renewable wind or solar power systems for compensate for the intermittent nature of these renewable energy sources.
The potential of stationary energy storage to transform the electric power industry is expected to propel the development of emerging storage technologies that include metal-air batteries.
Germany will dominate the European metal-air battery market from 2022 to 2027
Germany accounted 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 owing to favorable government initiatives to develop the technology of metal-air batteries and the need for clean, high capacity, low cost and green battery technologies for electric vehicles.
Zinc-air batteries have received considerable interest in recent years as one of the next-generation battery technologies that will likely replace current lithium-ion technologies. The growing demand for efficient, high-performance, environmentally friendly and safe energy storage solutions is driving the development of zinc-air battery technology.
The major players in the metal-air battery market are Phinergy (Israel), Log 9 Materials (India), Arotech Corporation (US), PolyPlus (US), Duracell (US), Energizer Holdings (US) States), GP Batteries International (Hong Kong), Renata SA (Switzerland) and Zinc8 Energy Solutions (Canada).
Increase in adoption of electronic devices to drive demand for metal-air batteries
Zinc-air batteries hold the largest market share by 2027
Electronic devices and zinc will be major shareholders in the metal-air battery market by 2027
Low voltage metal-air batteries will dominate the market over the forecast period
Market in Germany is expected to grow at the highest CAGR over the forecast period
Growth in demand for energy-dense storage solutions and inherent properties of metal-air batteries
Increased use of zinc-air batteries in electronic devices
Global shift towards green energy sources
Liquid metal batteries
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