Global Air Electrode Battery Market by Battery Type (Primary, Fuel Cell, Secondary), by Application (Transportation, Medical Devices) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2019, the global market for air electrode batteries was worth USD 1.01 billion. It is projected to grow at a 9.0% compound annual growth rate (CAGR), between 2020 and 2027. The industry is expected to grow over the forecast period due to increasing demand for air electrode batteries in end-use applications and increased research and development activities focusing on improving the battery technology. Air electrode batteries are being boosted by the increasing use of electrical vehicles and the growing adoption of electronic gadgets. These batteries have a higher electrochemical performance, greater storage capacity and lower environmental impact than ion batteries. This has increased their market value.

China is the largest market for air electrode batteries due to its large number of manufacturing companies and bulk production. China's growing adoption of electric vehicles has a positive impact on the industry. The Chinese government also provides substantial funding for air battery-related projects, which helps to boost business growth in the country.

Zinc-air and lithium-air batteries are more durable, have a stable discharge voltage, offer high energy density, and are environmentally friendly. The catalyst in the metal-air batteries is directly in contact with the cathode. This enhances electron movement between external circuits.

Air batteries have a shorter life span and are less efficient than ion batteries. This will likely impact the product's commercial viability. The market supply chain has been severely affected by the COVID-19 pandemic. It is expected that raw material suppliers, electrode material manufacturers, and battery pack manufacturer will take significant time to return to pre-COVID levels.

Battery Type Insights

In 2019, the secondary battery segment accounted for 47.0% of the total revenue. This is due to its low production costs, high energy density and environmental friendliness. Rechargeable batteries are used in electric vehicles (EV), mobile electronic devices and utility-scale energy storage. The segment is expected to grow due to rising demand and increased adoption of EV technology.

Due to its superior energy density, the primary battery segment held a significant market share in 2019. The non-rechargeable batteries can offer more energy for a given volume and weight because atmospheric air acts as a catalyst. Non-rechargeable batteries can be used in a variety of sizes, including cameras and hearing aids. This increases product demand.

Due to its widespread use in transport, emergency power, and material handling, the fuel cell will be the fastest-growing segment during the forecast period. Additionally, fuel cell emits fewer emissions and has higher efficiency than conventional combustion technologies. This increases the adoption rate for air electrode fuel cells across many industries.

Application Insights

Transportation accounted for 44.8% of the total market in 2019, and will grow at the fastest rate of CAGR during the forecast period, owing to fuel cell electric vehicle adoption. The segment will see growth due to government initiatives and increased research and development for fuel electrode fuel cells.

Due to increasing disposable medical equipment and devices, the medical devices segment held a significant market share. The demand for air electrode batteries will be driven by rising investments in high-quality medical equipment such as dental products, optical technologies and diagnostic imaging.

Other applications include energy storage, consumer electronic and other applications such as mobile robots or aerial drones. The industry is expected to grow over the next few years due to widespread use of an air electrode battery in both residential and portable electronics, as well as washing machines , televisions, tablets and smartwatches.

Regional Insights

Asia Pacific accounted for 31.1% of the total revenue in 2019, and is expected to grow at the fastest rate during the forecast period. Proliferating electronics manufacturing markets due to an ever-increasing customer base and growing applications in major economies like China, Japan, India are expected to boost regional market growth. It is expected that electric vehicles will continue to be deployed in the region, which will further boost the industry's growth.

China is a market that offers huge growth potential. China is the world's largest battery manufacturer. This is due to many factors including increasing consumer demand, low labor costs, easy access to raw material, and the presence of key industry leaders across the country. The region's market growth will be further boosted by the rising energy storage demand due to significant electricity grid usage and the increasing need for continuous power supply.

North America held a large market share in 2019, with the U.S. contributing the most to regional market growth. The region's growth is expected to be fueled by favorable government policies that encourage electric vehicles to be adopted due to their lower emissions than gasoline-powered vehicles. The industry is also seeing a growing demand for air-electrod batteries in smart devices and computer systems.

Market Share Insights & Key Companies

Market players use a variety of strategies to increase their market share, including mergers and acquisitions, collaborations with other companies, joint ventures, joint ventures, new product offerings, and collaborations. These strategies allow companies to increase their market share. In order to increase the performance and life of their air electrode batteries, industry participants are investing heavily in research and development. The market leader in air electrode batteries is:

• Phinergy

• Mullen Technologies, Inc.

• Poly Plus Battery Company

• Tesla Inc.

• Hitachi Maxell Ltd.

• Volkswagen Ag

• Sanyo Electric Co., Ltd.

• BASF Global

• Panasonic Corporation

• LG Chem Ltd.

Up Market Research published a new report titled “Air Electrode Battery Market research report which is segmented by Battery Type (Primary, Fuel Cell, Secondary), by Application (Transportation, Medical Devices), By Players/Companies BASF Global, Volkswagen Ag, Panasonic Corporation, Tesla Inc, LG Chem Ltd, Sanyo Electric Co Ltd, Poly Plus Battery Company, Phinergy, Hitachi Maxell Ltd, Mullen Technologies Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Air Electrode Battery Market Report Segments:

The market is segmented by Battery Type (Primary, Fuel Cell, Secondary), by Application (Transportation, Medical Devices).

Air Electrode Battery Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Air Electrode Battery Market

Overview of the regional outlook of the Air Electrode Battery Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Air Electrode Battery Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Air Electrode Battery Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Primary

                2. Fuel Cell

                3. Secondary

                1. Transportation

                2. Medical Devices

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Air Electrode Battery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Air Electrode Battery Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.