Metal-Air Battery Market By Metals (Zinc-air, Lithium-air, Aluminum-air, Iron-air), By Voltage (Low (Below 12V), Medium (12V to 24V), High (Above 36V)), By Type (Primary Batteries, Secondary/Rechargeable Batteries), By Applications (Electric Vehicles, Military Electronics, Electronic Devices, Stationary Power), By Geography & Forecast

Report Highlights

Metal-Air Battery Market Size ; Forecast

Metal-Air Battery Market was valued at USD 374.13 Million in 2019 and is projected to reach USD 1041.15 Million by 2027, growing at a CAGR of 13.7% from 2020 to 2027.

The innovative technological developments in the market will pave the way for lucrative opportunities in the market. The original biofuel batteries, supercapacitors, and metal-air batteries are among the most suitable candidates to meet the energy storage demand. The most suitable is the Lithium-Ion batteries. Aqueous metal-air batteries have attracted significant attention in consumer electronics and stationary power plants. The growth of plug-in electric vehicles is going to be a game-changer. They are connected and practical. It curbs emissionsand saves money. EVs have an excellent torque property and are often more digitally connected than conventional vehicles.

The restraints met are the lack of expertise in handling the Metal-Air batteries and the spiraling costs involved in the Lithium-ion batteries. The challenges faced by the Metal-Air Batteries are the resistance against corrosion. There is corrosion observed between the electrolyte and anode in zinc-air batteries. To alleviate the corrosion process, the electrolyte is displaced with oil.

Global Metal-Air Battery Market: Segmentation Analysis

The Global Metal-Air Battery Market is segmented based on Metal, Voltage, Type, Applications, and Geography.