Press release
Aluminum-Air Battery Market 2021 Global Growth Opportunities, Key Driving Factors, Market Scenario and Forecast to 2027
The Aluminum-Air Battery market research report provides an in-depth analysis of the current’s trends, latest developments, scenario, market size, various drivers, restraints, and major players along with their profile details. Research report offers the historic data for year 2021 and 2027 and also provides the forecast data from year 2021 to 2027 which is based on revenue. With the help of all these information research report helps the market participants to improve market positions. With the help of all these insights Aluminum-Air Battery market research report recommends a business strategy for present market participants to strengthen their position in the market.Click Here To DOWNLOAD Free Sample Copy:
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The Global Aluminum-Air Battery Market Size is Projected to Reach at a CAGR of 7.63% during 2021-2027.
The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: Phinergy, Alcoa, Fuji-pigment, Renault-Nissan, ACTXE, Zhongke Metal, JOINWORLD, ANYUAN, China Dynamics, Geely, Mingtai, Super New Power
Major Market Developments
In February 2019, Phinergy partnered with Indian Oil Corporation (IOC) to develop ultra-lightweight metal-air batteries for electric vehicles. This deal included a formation of a joint venture in India (a metal-air battery manufacturing company), as well as an equity investment in Phinergy.
Aluminum-Air Battery Market Segmentation:
Aluminum-Air Battery market Segmentation By Type:
Lead-acid batteries
Ni-Cd
MH-Ni
Zn-Air Battery
Lithium-ion Battery
Aluminum-air Battery
Aluminum-Air Battery market Segmentation By Application:
Military
Civil
Aluminum-air Battery Market: Overview
Aluminum-air battery generates electricity from the reaction of oxygen in the air with aluminum. It has one of the highest energy densities of all the batteries.
When used in an electric vehicle, aluminum-air battery has the potential of up to eight times the range of lithium-ion battery with significantly lower total weight
Aluminum-air battery does not use electricity to recharge. It is safe, has long life cycle and higher range, and is compact.
Aluminum-air battery can be mechanically recharged with new aluminum anodes made from recycling hydrated aluminum oxide. The aluminum is used as an anode, while the oxygen in the air is used as cathode.
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Europe to Hold Major Share of Global Aluminum-air Battery Market
Based on region, the global aluminum-air battery market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Europe dominated the global aluminum-air battery market in 2019, owing to the rise in demand for electrical vehicles in the region to reduce carbon emissions. The use of aluminum-air batteries in electric vehicles is likely to increase further in Europe, as these batteries are more efficient than lithium-ion batteries.
North America is anticipated to account for major share of the global aluminum-air battery market during the forecast period. The region is investing significantly in electric vehicle networks. Furthermore, the usage of aluminum-air battery would help increase the travelling range of vehicles.
The market in Asia Pacific is estimated to be highly attractive during the forecast period. The region has started investing in the electric vehicles in order to reduce the dependence on the depleting fossil fuels.
The market in Middle East & Africa and Latin America is likely to expand at a moderate pace during the forecast period
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
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Significant Features and Key Highlights of the Reports:
– Detailed overview of Aluminum-Air Battery Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Aluminum-Air Battery Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
The report gives answers to the following:
What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the Aluminum-Air Battery industry?
What is the predicted compound annual growth rate (CAGR) of the global marketplace during the forecast period (2021-2027)?
What could be the anticipated value of the Aluminum-Air Battery marketplace in the during the forecast period?
Covid-19 Impact and Recovery Analysis:
The number one goal of this Aluminum-Air Battery Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided surely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this Aluminum-Air Battery market document.
Customization: -
The Global Aluminum-Air Battery Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide up to 20% customization for any of our Market Intelligence Data reports at no additional cost to all of our Users.
About Us:
Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
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