Air Electrode Battery Market

Global Air Electrode Battery Market Size (2024-2032):

The size of the global air electrode battery market was worth USD 2 billion in 2023. The global market is anticipated to grow at a CAGR of 8.54% from 2024 to 2032 and be worth USD 4.16 billion by 2032 from USD 2.16 billion in 2024. 

Current Scenario of the Global Air Electrode Battery Market

Air electrode batteries are made primarily of a porous air cathode, which retains the oxygen gas separated from the metal anode by an electrolyte that can be in solid, liquid, or gaseous form. Air electrode batteries are relatively safe to use, transport, store, and dispose of. Among air electrode batteries, zinc-air batteries represent a safe, economical, and minor environmental impact and a relatively simple way to supply and store electrical energy for portable stationary devices and electric vehicles. In addition, air electrode batteries are also of great imminent interest for smart grid energy production and storage. Air electrode battery technology is predicted to replace ion-based technology in the coming years.

MARKET TRENDS

The call in the world market for air electrode batteries has increased due to advances in electronics and semiconductors. Air electrode batteries have become popular in the electronics industry due to their excellent performance of these batteries. The worldwide market call for air electrode batteries will continue to increase in the coming years as new advanced suppliers enter the market. The high electrochemical performance of air electrode batteries has benefited the world market.

MARKET DRIVERS

High energy density, cheap materials, availability, and low cost are the main advantages that can drive the air electrode battery market. Additionally, the need to ensure flawless performance of electronic systems in industries has also highlighted air electrode batteries. Advancement in air electrode battery end-use industries is anticipated to drive expansion in the worldwide air electrode battery market. Taking the above-mentioned factors into consideration, the revenue index of the Air Electrode Battery market is predicted to improve in the coming years. The worldwide market for air electrode batteries has generated great revenue over the past decade. The easy availability of raw materials employed for the manufacture of air electrode batteries has driven the expansion of the worldwide air electrode battery market.

MARKET RESTRAINTS

Regulations and technology updates are some of the limitations faced by the air electrode battery industry.

MARKET OPPORTUNITIES

The need for energy storage and coherent electrical grids increases the call for air electrode battery production. Recent developments in the renewable energy sector such as wind and solar are predicted to increase the market call for air electrode batteries. The world market for air electrode batteries is predicted to grow at an enormous rate due to the splendid properties of such batteries. Furthermore, the need to ensure the rapid discharge of ions in a battery has also led to the expansion of the worldwide market for air electrode batteries. The high energy density of air electrode batteries is also predicted to boost expansion in the worldwide market. In addition, the low production cost of air electrode batteries has recently become one of the main drivers of call in the world market. The use of air electrode batteries is anticipated to expand to a range of other industries in the coming years.

MARKET CHALLENGES

Lower energy efficiency and a shorter life cycle are among the main factors that can hamper market expansion. Additionally, the coronavirus outbreak has had a direct impact on the industry supply chain. Electrode material producers, raw material suppliers, and battery manufacturers are estimated to be suffering a major setback, causing a delay in manufacturing and marketing activities for the market.

IMPACT OF COVID-19 ON THE AIR ELECTRODE BATTERY MARKET

The battery industry has grown at an impressive rate over the past two decades, supported by the growing call for power from modern portable consumer electronics, electric vehicles, and the escalating adoption of intermittent renewable power generation. With the outbreak of the COVID-19 pandemic, there is a sharp drop in economic activity due to mandatory closures and other containment measures. According to the IMF's World Economic Outlook, released in June 2020, the world economy is predicted to register a GDP expansion rate of -4.9% in 2020. This will be a deterioration of 8.2% from January 2020. The effect of COVID-19 on the power, automotive, and battery businesses has already been profound.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Air Electrode Battery Market Analysis By Battery Type

The secondary batteries segment had the highest share of revenues with 49.0% in 2023 due to its low production cost, high energy density, and respect for the environment. Escalating call for electronic products, coupled with escalating adoption of electric vehicle technology, is predicted to support the segment's expansion over the foreseen period.

Air Electrode Battery Market Analysis By Application

The transportation segment had the largest share of 48.8% in 2023 and is predicted to grow at the fastest CAGR over the foreseen period due to the escalating adoption of fuel-cell electric vehicles. Escalating air electrode fuel cell research and development, as well as government initiatives to drive EV adoption in the passenger and utility vehicle segment, are predicted to drive expansion in the segment over the next few years.

REGIONAL ANALYSIS

Zinc reserves are high around the world, especially in countries such as China, Canada, Australia, and the United States. China is predicted to remain one of the largest markets for air electrode batteries. China and other Asia-Pacific countries will continue to develop and invest rapidly in the air electrode battery market. Recent developments in battery technology in North America have increased the expansion of air electrode battery production. Norway and Germany are predicted to generate new technologies in the air electrode battery market. In addition, Japan is evaluating smart ways to store and distribute electrical energy with the integration of an air electrode battery. The market call for air electrode batteries in North America has increased steadily due to the wealth of the industrial sector in the United States and Canada. Additionally, the presence of a large electronics manufacturing base in China has driven market calls in the Asia Pacific. Europe, the Middle East, and Africa are other key regional markets for air electrode batteries.

KEY PLAYERS IN THE GLOBAL AIR ELECTRODE BATTERY MARKET

Companies playing a promising role in the global air electrode battery market include Phinergy, Hitachi Maxell Ltd., Volkswagen AG, AMPTRAN motor Corporation, Sanyo Electric Co., Ltd., BASF SE, Poly Plus Battery Co., Chem Co., Ltd., Changan Automobile Group, Arotech Corporation, Tesla Motors, BMW Ag, Bluecar Capricorn Venture Partners, Duracell, Daimler Ag Eos, General Motors, Hitachi Maxell Ltd., Honda Motor, Hyundai Motor, Mitsubishi Motors, Rayovac, Siepac, Sony Corporation, Terra Motors, Toyota Motor Corporation, Zaf Energy System, Fiat, Panasonic Energy, LG, and Others.

RECENT HAPPENINGS IN THE GLOBAL AIR ELECTRODE BATTERY MARKET

• A new electrode design can generate more powerful batteries.
• Arbin has the latest patented "3E" three-electrode matching design made by and under license from General Motors. Arbin's new Coincell 3E provides users with an affordable and easy-to-use three-electrode cell holder that allows long-term cycling and provides consistent results between samples, speeding up the search for battery materials for EV applications.

DETAILED SEGMENTATION OF THE GLOBAL AIR ELECTRODE BATTERY MARKET IS INCLUDED IN THIS REPORT

This research report on the global air electrode battery market has been segmented and sub-segmented based on battery type, application, and region.

By Battery Type:

• Primary
• Secondary
• Fuel cell

By Application:

• Medical devices
• Transportation

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa