Metal-Air Battery Market size is Projected to Reach $1.6 Billion by 2031 | Growing at a CAGR of 15%

Allied Market Research published a report on the Metal-Air Battery Market by Application: Global Opportunity Analysis and Industry Forecast, 2021-2031.

The global metal-air battery market was valued at $424 million in 2021, and is projected to reach $1.6 billion by 2031, growing at a CAGR of 15% from 2022 to 2031.

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Metal-air batteries generate power by using oxygen from the atmosphere. The benefit of this is that the oxygen does not need to be held inside the battery such as alkaline or Li-ion batteries. The positive electrode used in metal-air batteries is carbon-based and covered in some precious metals to react with oxygen. The electrode used is made up of metals such as lithium, zinc, magnesium, and aluminum. These batteries are sometimes referred to as fuel cells because the air is flowing through the cells present in the batteries.

A metal-air battery system is a form of energy storage that relies on an electrochemical reaction between a negative metal electrode and a positive air electrode to produce a charge. Due to their theoretically greater energy density than lithium-ion batteries, metal-air batteries are commonly promoted as the future of energy storage for uses, such as grid energy storage and in electric vehicles application. The metal-air battery is environmental friendly as compared to other traditional batteries, which is a major factor estimated to propel the metal-air battery market analysis in the upcoming years.

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Most of the metals used in metal-air batteries are unsteady in water and they will react with the electrolyte to corrode the metal, which results in battery discharge. Also, the electrode carbonation process is caused in metal-air batteries since the cell is an open system it absorbs the CO2 from the air resulting in crystallization of the electrode, clogging the pores, and decreasing in performance of the battery. These factors are anticipated to hamper the metal-air battery market growth.

Businesses can evaluate the Porter's Five Forces Analysis to determine the structure, level of competition, and industry's strengths and weaknesses. The report also contains information and statistics, tables and figures that are used in strategic planning for the company's success. The report will be remarkable in its ability to provide worldwide investors with the information they need to make informed judgments about the market. Also, these research report provides accurate economic, global, and country-level predictions and analysis.

Competitive Analysis:
The metal-air battery market key players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

Some of the major key players of the global metal-air battery industry include:
⦁ Energizer Holdings Inc.
⦁ GP Batteries International Limited
⦁ Zinc8 Energy Solutions Inc.
⦁ Renata SA
⦁ Arotech Corporation
⦁ Ionomr Innovations Inc.
⦁ ZAF Energy Systems
⦁ ACTXE Limited
⦁ PolyPlus Battery Company
⦁ Phinergy
⦁ log 9 materials

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Top Impacting Factors:
Metal-air battery offers feature like high energy density storage capacity compared to lithium-ion batteries which makes them a popular choice for automotive industries. Also, the high demand for technologically advanced batteries for electric vehicles has further led to an increase in the market demand for metal-air batteries which has boosted the market growth, considerably.

Key Benefits for Stakeholders:
⦁ The report provides an exclusive and comprehensive analysis of the global metal-air battery market trends along with the metal-air battery market forecast
⦁ The report elucidates the metal-air battery market opportunity along with key drivers, and restraints of the market. It is a compilation of detailed information, inputs from industry participants and industry experts across the value chain, and quantitative and qualitative assessment by industry analysts.
⦁ Porter's five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the market for strategy building
⦁ The report entailing the metal-air battery market analysis maps the qualitative sway of various industry factors on market segments as well as geographies
⦁ The data in this report aims at market dynamics, trends, and developments affecting the metal-air battery market growth

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