Lithium-Air Battery Market Size, Share & Industry Analysis, By Type (Aqueous Lithium-Air Battery, Non-Aqueous Lithium-Air Battery, Solid State Lithium-Air Battery, Others), By End-user (Automotive, Electronics, Medicals, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105644 | Status : Ongoing

KEY MARKET INSIGHTS

The Lithium-air battery is an electrochemical battery that uses lithium oxidation at the anode and reduces oxygen drawn from the surrounding air at the cathode. The Lithium-air batteries use air available from the surrounding, which saves weight and volume of the battery, which results in more holding capacity of energy compared to the lithium-ion battery,

Based on the type, the market is segmented into solid-state lithium-air batteries, aqueous lithium-air batteries, non-aqueous lithium-air batteries, and others. The solid-state lithium-air battery is anticipated to dominate the market segment due to its higher theoretical air density, less space. Solid-state batteries have the least risk of fire explosion.

Based on the end-user industry, the market is segmented into automotive, electronics, medical, and others. The automotive segment is expected to dominate the market segment due to the rising trend on electric vehicles. The reduction of usage in imported oil has anticipated the demand for lithium-air batteries.

One of the major drivers for the global lithium-air battery market is the growing renewable energy sources and the necessity for energy storage systems. Other than that, the rising application of lithium-air batteries in electronics consumer, automotive, medical equipment’s and others have anticipated growing the global lithium-air battery market.

Lithium-air batteries last approximately two months and have low storage capacity, also the charging of batteries is very low which acts as the major restraints for the lithium-air battery market.

Key Market Driver -

The rise in investments of renewable energy sources, has aroused a demand for energy storage.

Key Market Restraint -

The variability in slow charging and low storage hinders the lithium air battery market.

Key players covered:

Some of the major companies present in the global lithium-air battery market are Polyplus Battery Company, Mullen Technologies, Lithium Air Industries, and others.

Regional analysis:

The lithium-air battery market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. North America is expected to dominate the most significant market in terms of demand for automotive industries and electronics consumers; other than that, the adaptive use of electric vehicles and hybrid vehicles across various regions is anticipated to create the need for lithium-air batteries. Asia Pacific region has the leading development market for the lithium-air battery market. The increasing demand of electronics consumers in regions like China, Japan, India, and others is expected to drive the lithium-air battery market. Other than that, the increasing wind power capacity drives the demand for energy storage capacity.

The Latin America battery market is driven by the surging investments in e-vehicles and the government norms and policies for emission control. The lithium-air battery can be seen to have a potential growth in medical applications, automotive, and others across various regions of Latin America. In the Middle East & Africa, the growing infrastructure for renewable energy and increasing demand for electric vehicles drives the lithium-air battery market.

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Segmentation

ATTRIBUTES	DETAILS
By Type	Aqueous Lithium-Air Battery Non-Aqueous Lithium-Air Battery Solid State Lithium-Air Battery Others
By End-user	Automotive Electronics Medicals Others
By Geography	North America (USA and Canada) Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia, and rest of Asia pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and rest of the middle east & Africa)

Key Industry Developments

On 14 February 2020, Daegu Gyeongbuk Institute of Science and Technology, South Korea has invented a new cathode type by which the battery life can be improved by boosting the catalytic activity and electrical conductivity of electrode.

On 06 April 2021, Zinc8 Energy Solution has developed a battery technology for the energy storage and has worked with New York state for the installation of system. This system uses zinc and air as fuel and are focused on speed of response along with storage

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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