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Global Metal-Air Battery Market Size, Trends & Analysis - Forecasts to 2026 By Application (Electronic Vehicles, Military Vehicles, Electric Vehicles, Stationery Power, Others), By Voltage (Low [Below 12 V], Medium [12 V to 24 V], High [Above 36 V]), By Metal (Zinc-Air, Aluminum-Air, Iron-Air, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Metal-air Battery Market Insights
The global metal-air battery market is estimated to witness a significant CAGR during the forecast period (2020-2026). Increasing demand for high-capacity, safe, cost-effective, and eco-friendly energy storage solutions is the major factor propelling the growth of the market. The metal-air battery is a battery that uses metal like iron, zinc, or lithium for the anode, air as the cathode, and ionic liquids as the electrolyte. The demand for batteries with less volume and weight is increasing in the automobile industry. These batteries generate high energy with low maintenance costs and have a long work life which drives the growth of the market. However, the poor cycling stability of metal-air batteries is likely to hamper the market growth.
Metal-Air Battery Market Size: By Metal
Based on metal, the metal-air battery market is segmented into zinc-air, lithium-air, aluminum-air, and iron-air among others. The zinc-air batteries segment is expected to hold the largest market share during the forecast period due to their several advantages such as high energy storage density and the flat drain curve of these batteries, which makes them an ideal power supply solution for various electronic devices such as digital watches and hearing aids. These batteries can store more energy as compared to other primary batteries, thereby, fuels the demand of the segment.
Metal-Air Battery Market Size: By Voltage
Based on voltage, the metal-air battery market is classified into low voltage, medium voltage, and high voltage. The low voltage metal-air batteries are anticipated to hold the largest market share during the forecast period due to its high energy density and long shelf life. The growing usage of low voltage metal-air batteries in various electronic devices such as watches, hearing aids, cardiac telemetry monitoring systems, and lightening systems are expected to boost the growth of the segment in the metal-air battery market.
Metal-Air Battery Market Size: By Application
Based on application, the metal-air battery market is segmented into electric vehicles, military electronics, electronic devices, and stationary power among others. The electric vehicle segment is expected to grow at a high CAGR during the forecast period. The growing automotive industry has witnessed a significant increase in the demand for electric vehicles due to climate change and increasing concerns regarding pollution levels. The several benefits offered by metal-air batteries that include high energy density, eco-friendliness, safe operation, and low cost propels the demand of these batteries in this segment. The electronic devices market is also expected to witness significant growth over the period.
Metal-Air Battery Market Size: By Region
Based on region, the global metal-air battery market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Asia Pacific region is projected to hold the largest market share in terms of volume during the forecast period attributing to the availability of raw materials at a low price, increasing consumer demand, and presence of the leading companies in the region. The high economic growth of countries like China, India, and Japan is also expected to fuel the growth of the metal-air battery market in the Asia Pacific region, where China is the largest battery market across the globe.
Metal-Air Battery Market Share & Competitor Analysis
Some of the key players operating in the global metal-air battery market include: Polyplus Battery Co., Fuji Pigment Co., Ltd., Gp Batteries International Limited, Arconic Inc., Zinc8 Energy Solutions, Inc., Nantenergy Inc., Phinergy, Log 9 Material, Sarotech Corporation, Energizer Holdings, Inc. (Energizer), Enzinc, Excellatron Solid State LLC, IBM Research, Ionomr Innovations Inc., E-Stone Batteries B.V., Zaf Energy Systems, Actxe Limited, Mal Research And Development Limited, Phinergy Marine, Iskra, Minusquare, Renata SA, Aqua Power Systems, Mag One Products Inc., Rial Air Ltd., E-ZN, and Everzinc, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Check the Press Release on Global Metal-Air Battery Market Report
Metal-Air Battery Market: By Application
Metal-Air Battery Market: By Voltage
Metal-Air Battery Market: By Metal
On the basis of metal, the global metal-air battery market is segmented into zinc-air, aluminum-air, others, and iron-air, among others. The report contains quantitative insights about the following:
Metal-Air Battery Market: By Region
The global Metal-Air Battery Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Metal-Air Battery Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
![Global Metal-Air Battery Market Size, Trends & Analysis - Forecasts to 2026 By Application (Electronic Vehicles, Military Vehicles, Electric Vehicles, Stationery Power, Others), By Voltage (Low [Below 12 V], Medium [12 V to 24 V], High [Above 36 V]), By Metal (Zinc-Air, Aluminum-Air, Iron-Air, Others), By Region (North America, Europe, Asia Pacific and Rest of the World); Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis](https://www.globalmarketestimates.com/images/cat/Energy & Power.png)
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