(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Nov. 22, 2022 (GLOBE NEWSWIRE) -- The 'metal-air battery market by metal (zinc, lithium, aluminum, iron), voltage, type (primary, secondary), application (electric vehicles, military electronics, electronic devices, stationary power) and region - global forecast to 2027' report has been added to ResearchAndMarkets.com's offering.
The metal-air battery market size is anticipated to grow from USD 498 million in 2022 to USD 993 million by 2027, at a CAGR of 14.8% from 2022 to 2027.
Growing demand for high-energy density storage solutions and the significant shift towards zinc-air batteries in electronic devices are some of the major factors propelling the growth of this market.
By type, secondary segment led metal-air battery market in 2021
Secondary metal-air batteries are rechargeable batteries. They can be recharged electrically or mechanically (simply by replacing the metal anode in the battery).
These batteries are more expensive compared to single-use batteries, but they have less environmental impact as they can be recycled instead of getting disposed of. These batteries are cost-effective over the long term as they have a higher discharge rate and higher energy density.
By application, stationary power segment estimated to lead metal-air battery market from 2022 to 2027
The energy industry has been investing in metal-air batteries preferably zinc-air and aluminum-air as a next-generation sustainable solution for grid energy storage. Energy storage systems have eventually evolved to assure energy transmission during the disruptions of grid services and blackouts.
Metal-air batteries can be used as energy storage devices or as effective stations of energy transfer for renewable energy producers. Due to their high scalability and energy density, metal-air batteries can be used in large-scale stationary energy storage applications preferably in combination with renewable wind or solar power systems to compensate for the intermittent nature of these renewable power sources.
The potential for stationary energy storage to transform the electric power industry is anticipated to propel the development of emerging storage technologies that include metal-air batteries.
Germany to dominate European metal-air battery market from 2022 to 2027
Germany accounted for the largest share of the overall metal-air battery market in Europe in 2021. The market in this country is also expected to witness growth during the forecast period due to favorable government initiatives to develop metal-air battery technology and the need for clean, high-capacity, low-cost, green battery technologies for electric vehicles.
Zinc-air batteries have received significant interest in recent years as one of the next-generation battery technologies that will probably replace current lithium-ion technologies. The increased demand for efficient, high-performance, eco-friendly, and safe energy storage solutions is driving the development of zinc-air battery technology.
Competitive landscape
Key players in the metal-air battery market are Phinergy (Israel), Log 9 Materials (India), Arotech Corporation (US), PolyPlus (US), Duracell (US), Energizer Holdings (US), GP Batteries International (Hong Kong), Renata SA (Switzerland), and Zinc8 Energy Solutions (Canada).
Premium Insights
Increasing Adoption of Electronic Devices to Foster Demand for Metal-Air Batteries Zinc-Air Batteries to Hold Largest Market Share by 2027 Electronic Devices and Zinc to be Largest Shareholders in Metal-Air Battery Market by 2027 Low Voltage Metal-Air Batteries to Dominate Market During Forecast Period Market in Germany to Grow at Highest CAGR During Forecast Period
Market Dynamics
Drivers
Growth in Demand for High Energy-Density Storage Solutions and Inherent Properties of Metal-Air Batteries Increase in Use of Zinc-Air Batteries in Electronic Devices Global Shift Toward Green-Energy Sources
Restraints
Absence of Proper Standards for Developing Metal-Air Batteries Massive Deployment of Lithium-Ion Batteries to Divert Focus from Metal-Air Batteries
Opportunities
Newer Applications of Metal-Air Batteries Apart from Electric Vehicles Substantial Growth in Demand for Electric Vehicles
Challenges
Corrosion Between Electrolyte and Anode in Zinc-Air Batteries Rapid Discharging of Aluminum- and Magnesium-Air Batteries
Technology Analysis
Sodium-Sulfur Batteries Cobalt-Free Batteries Silicon-Air Batteries Liquid-Metal Batteries
Company Profiles
Key Players
Gp Batteries International Arotech Corporation Energizer Holdings Duracell Renata Sa Phinergy Log 9 Materials Polyplus Battery Zinc8 Energy Solutions Panasonic Batteries
Other Players
Aza Battery Cegasa Energia, S.L.U. Enzinc Everzinc Excellatron Solid State E-Zinc Guangdong Tianqiu Electronics Technology Iskra Mag One Products Mal Research and Development Phinergy Marine Rialair Thunderzee Zaf Energy Systems Zenipower
For more information about this report visit
Attachment
global metal-air battery market
Global Metal-Air Battery Market Global Metal-Air Battery Market Tags metals rechargeable batteries rechargeable battery secondary batteries secondary battery zinc air batteries zinc air battery