Pune, India, Sept. 20, 2021 (GLOBE NEWSWIRE) -- The global metal air battery market size is projected to reach USD 744.66 million by 2028, exhibiting a CAGR of 7.6% during the forecast period. Fortune Business Insights™ shares this information in its report, titled “Metal Air Battery Market, 2021-2028”. As per the report, the value of the market stood at USD 431.49 million in 2020.
Market Segmentation
We have categorized the market on the basis of 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 application, it is fragmented into electric vehicles (EV), stationary power, military devices, and electronic devices. Based on region, it is segmented into North America, Europe, South America, Asia Pacific, and the Middle East & Africa.
The COVID-19 pandemic has drastically affected businesses across the world. The outbreak has forced lockdown in countries across the globe, which is leading towards an economic slowdown. The consumer electronics segment has been adversely impacted due to the wide-scale production shutdowns in China, resulting in lower production of electronic devices. The decreasing supply from the consumer electronics market has taken a toll on the metal air battery market growth.
Request a Sample Copy of Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/metal-air-battery-market-105056
List of Key Companies Covered in the Metal Air Battery Market Report:
- Phinergy (Israel)
- NantEnergy (United States)
- Log 9 Materials (India)
- Arotech Corporation (United States)
- PolyPlus (United States)
- Fuji Pigment Co. Ltd. (Japan)
- Zinc8 Energy Solutions (Canada)
- GP Batteries (Hong Kong)
- ZAF Energy Systems Inc. (ZAFSYS) (United States)
- Thunderzee (United States)
- Duracell Inc. (United States)
- Energizer Holdings (United States)
- Panasonic (Japan)
- Epsilor Electric Fuel (Israel)
- Renata S.A. (Switzerland)
- ZeniPower (Zhuhai Zhi Li) Battery Co., Ltd. (China)
- Guangdong Tianqju Electronics Technology Co., Ltd (China)
Report Scope & Segmentation
Report Coverage | Details |
Forecast Period | 2021 to 2028 |
Forecast Period 2021 to 2028 CAGR | 7.6% |
2028 Value Projection | USD 744.66 Million |
Base Year | 2020 |
Market Size in 2021 | USD 445.04 Million |
Historical Data for | 2017 to 2019 |
No. of Pages | 180 |
Segments covered | Size, Share, Metal, Type, Geography |
Growth Drivers | Rising Need of Batteries for Backup Power Systems to Propel Growth |
Economical Advantage and Higher Capacity Will Attract Investments from Leading Players | |
Increasing Adoption of Renewable Resources for Power Generation to Favor Growth | |
Pitfalls & Challenges | Rising Adoption of Lithium-Ion Batteries Poses Threat to Growth of the Market |
Click here to get the short-term and long-term impact of COVID-19 on this market: https://www.fortunebusinessinsights.com/metal-air-battery-market-105056
What Does the Report Offer?
The report includes a comprehensive analysis of companies based on their financial positions, product portfolios, and growth strategies. In addition, it provides key insights regarding segmentations, which are structured on the basis of product, type, consumption, distribution channel, and region. Apart from this, the report incorporates a detailed study of core competencies of the key players and their market share to anticipate the degree of competition.
Driving factor
Evident Shift Toward Renewable Energy Resources to Drive Growth
According to the International Energy Agency (IEA), electricity generation through renewable resources had increased by 6% in 2019. Wind and solar technologies contributed nearly 64% of the increased value. Clean energy has become a necessity for the world for a couple of reasons. Firstly, we are running out of fossil fuels and secondly extensive use of such type results in a high rate of carbon emission, which is not adequate in the current circumstances. Governments, major enterprises, and other organizations are rapidly focusing on solar energy as a primary resource. For instance, the Yanchi Solar Park in China, which has been operational since 2016, produces an output of 820 MW.
Such plants require high-capacity batteries in order to store energy. Hence, the increasing adoption of renewable energy sources is anticipated to drive the demand for metal air battery. However, they are still in the development stage and are more expensive than other alternatives due to the type of metal involved, which adds the extra cost.
In addition, their alternatives, such as lithium-ion batteries, have high utilization in various end-user industries, especially in the consumer electronics space, due to their light weight and low self-discharge rate. Such factors are anticipated to restrain the market growth.
Ask for Customization of this Report: https://www.fortunebusinessinsights.com/enquiry/customization/metal-air-battery-market-105056
Regional Insights
Increasing Adoption of Electric Vehicles to Boost Demand in Asia Pacific
Asia Pacific is anticipated to dominate the metal air battery market share during the forecast period. The increasing adoption of electric vehicles in countries including China and Japan is estimated to accelerate the demand for metal air type of batteries in the region. For instance, according to the International Energy Agency, China contributed 45% of the total electric vehicles manufactured worldwide in 2018. In addition, the high presence of key electronics manufacturers in the region is predicted to enhance the market growth.
North America is projected to hold the second-largest market share. Major enterprises are focusing on the development of optimum metal air batteries. This is expected to drive the market in the region.
Competitive Landscape
Developing innovative Products to Help Industry Leaders Find New Applications
The market comprises industry leaders, manufacturers, and several scientist groups that are focused on exploring new methods of utilizing metal-air batteries. For instance, in April 2020, the Institute of Nano Science and Technology (INST) announced the development of an effective and economical electro-catalyst with the help of fish gills. The new catalyst aids in the development of eco-friendly energy-saving devices. It can also help enterprises overcome the issues regarding renewable energy storage technologies.
Industry Developments:
February 2020 – Indian Oil Corporation Limited, a public sector oil and gas company headquartered in New Delhi, India, partnered with Phinergy, an Israeli start-up specialized in metal air battery systems such as aluminum-air/zinc systems. Under this partnership, the companies will develop metal air batteries for use in EVs.
Quick Buy: Metal Air Battery market Research Report: https://www.fortunebusinessinsights.com/checkout-page/105056
Major Table of Contents:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Latest Technological Advancement
- Regulatory Landscape
- Industry SWOT Analysis
- Porters Five Forces Analysis
- Qualitative Analysis – Impact of COVID-19
- Impact of COVID-19 on the Metal Air Battery Market
- Steps Taken by the Government to Overcome the Impact
- Key Developments by Industry Players in Response to COVID-19
- Potential Opportunities and Challenges due to COVID-19 Outbreak
- Global Metal Air Battery Market Analysis (USD Million), Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Metal
- Zinc-Air
- Aluminum-Air
- Lithium-Air
- Iron-Air
- Others
- Market Analysis, Insights and Forecast – By Type
- Primary
- Secondary/Rechargeable
- Market Analysis, Insights and Forecast – By Application
- Electric Vehicle (EV)
- Stationary Power
- Military Devices
- Electronic Devices
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
- North America Metal Air Battery Market Analysis (USD Million), Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Metal
- Zinc-Air
- Aluminum-Air
- Lithium-Air
- Iron-Air
- Others
- Market Analysis, Insights and Forecast – By Type
- Primary
- Secondary/Rechargeable
- Market Analysis, Insights and Forecast – By Application
- Electric Vehicle (EV)
- Stationary Power
- Military Devices
- Electronic Devices
- Market Analysis, Insights and Forecast – By Country
- U.S.
- Canada
Speak To Our Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/metal-air-battery-market-105056
Have a Look at Related Research Insights:
HVAC Electronically Commutated Motor (ECM) Market Size, Share & COVID-19 Impact Analysis, By Motor Type (Brushless DC Motor, Permanent Magnet AC (PMAC) Motors, and Servo Motors), By Product Type (Constant Air Flow, Constant Torque, and Constant Speed), By Application (Residential, Commercial, and Industrial) and Regional Forecasts, 2021-2028
Electrolyzer Market Size, Share & COVID-19 Impact Analysis, By Type (Traditional Alkaline Electrolyzer and PEM Electrolyzer), By Application (Power Plants, Steel Plant, Electronics & Photovoltaics, Industrial Gases, Energy Storage or Fueling for FCEV, Power to Gas, Others) and Regional Forecast, 2020-2027
Solar Power Market Size, Share and COVID-19 Impact Analysis, By Technology (Solar Photovoltaic {Mono-Si, Thin Film, Multi-Si, and Others}, and Concentrated Solar Power {Parabolic Trough, Power Tower, and Linear Fresnel}), By Application (Residential, Non-Residential and Utility), and Regional Forecast, 2020-2027
Cryogenic Equipment Market Size, Share & Industry Analysis, By Product (Tank, Valve, Vaporizer, Pump, and Others), By Cryogen Type (Nitrogen, Oxygen, Argon, Liquefied Natural Gas (LNG), and Others), By End-User (Oil & Gas, Metallurgy, Power Generation, Chemical & Petrochemical, Marine, and Others) and Regional Forecast, 2019-2026
Marine Engine Market Size, Share & COVID-19 Impact Analysis, By Ship Type (Oil Tankers, Bulk Carriers, General Cargo Ships, Container Ships, Gas Carriers, Chemical Tankers, Support Vessels), By Capacity (0 – 10000 HP, 10000 – 20000 HP, 20000 – 30000 HP, 30000 – 40000 HP), By Fuel (Heavy Fuel Oil, Intermediate Fuel Oil, Marine Diesel Oil, Marine Gas Oil), By Speed, By Stroke and Regional Forecast, 2020-2027
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs
![](https://ml.globenewswire.com/media/YzI1Njk1ZjQtNzgyYy00MDY1LThmNGYtN2FmNjYxODVkNzcxLTUwMDA2NjY2Mw==/tiny/Fortune-Business-Insights.png)