Metal-Air Battery Market Expected to Reach $1.6 Billion by
2031
“Metal-air battery offers feature like high energy density storage capacity compared to lithium-ion
batteries which makes them a popular choice for automotive industries. Also, the high demand for
technologically advanced batteries for electric vehicles has further led to an increase in the market demand
for metal-air batteries which has boosted the market growth, considerably.”
According to N N Kundan,
Semiconductor and Electronics
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KEY FINDINGS OF THE STUDY
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Based on metal, the lithium metal sub-segment emerged as the global leader in 2021 and the
aluminum sub-segment is anticipated to be the fastest growing sub-segment during the forecast
period
Based on voltage, the low voltage sub-segment emerged as the global leader in 2021 and the
medium sub-segment is predicted to show the fastest growth in the upcoming years
Based on application, the electric vehicles sub-segment emerged as the global leader in 2021 and
the electronic devices sub-segment is predicted to show the fastest growth in the upcoming years
Major key players profiled cover in Report:
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Energizer Holdings, Inc.
Phinergy
PolyPlus Battery Company
Renata SA
ZAF Energy Systems
ACTXE Limited
log 9 materials
Market dynamics
Drivers
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Growing demand for high-energy-density and long-range electric vehicles is driving the Metal-Air
Battery Market.
Increasing focus on renewable energy storage solutions fuels the adoption of metal-air batteries.
Advancements in battery technology, enhancing efficiency and performance, are boosting the
Metal-Air Battery Market.
Restraints
• Limited energy density compared to some traditional batteries.
• Challenges in developing cost-effective and durable catalysts for efficient metal-air reactions.
• Issues related to metal electrode corrosion and stability.
Opportunities
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Growing demand for high-energy-density batteries in electric vehicles and portable electronics is
driving the metal-air battery market.
Advancements in technology, such as enhanced efficiency and longer lifespan, present
opportunities for the metal-air battery market.
Increasing focus on sustainable and environmentally friendly energy storage solutions boosts the
adoption of metal-air batteries.
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Analyst Review:
Increased demand for high energy density storage options for voltage stability and system stability, rising
consumer demand for an electric car, and increasing shift towards green energy sources to reduce
environmental pollution are projected to fuel the growth of the global metal-air battery market during
the forecast period. The demand for metal-air batteries in electronic devices is influenced favorably by
the shrinking size of electronic devices and the rise in demand for batteries with high energy density and
cheap costs.
However, high initial investments associated with the design and development of metal-air batteries are
the key factors expected to hamper the market growth during the forecast period. Additionally, it is
anticipated that the increasing global rise in demand for light, cost-effective, and high energy density
metal-air batteries from the aerospace industry, military, electronic manufacturing, and electric vehicles
industry is anticipated to create better growth opportunities in the metal-air battery market.
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