Press release
Aqueous Battery Market Set to Revolutionize Energy Storage: Sustainable and Safe Solutions Lead Growth
Aqueous Battery MarketAqueous batteries use concentrated brine solutions as electrolytes to facilitate the transfer of ions between electrodes and induce electrical current. Compared to non-aqueous batteries, aqueous batteries are not flammable and do not pose any significant risk of explosion due to the water-based nature of their electrolytes. They are also free of the toxic chemicals and environmental risks associated with their non-aqueous counterparts.
The global Aqueous Battery market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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Major Trends in the Aqueous Battery Market:
1. Growing Demand for Safer Energy Storage: Aqueous batteries are gaining traction due to their non-flammable electrolytes, making them a safer alternative to traditional lithium-ion batteries.
2. Focus on Environmental Sustainability: The push towards renewable energy sources is driving demand for eco-friendly, recyclable battery solutions like aqueous batteries.
3. Cost-Effectiveness for Grid Applications: Compared to lithium-ion batteries, aqueous batteries offer a more cost-effective solution for large-scale energy storage systems (ESS).
4. Technological Innovations: Advancements in electrode materials, such as zinc and manganese-based cathodes, are enhancing performance and scalability.
5. Increased Renewable Energy Integration: The global emphasis on renewable energy sources, such as solar and wind, is boosting the adoption of aqueous batteries for stable and reliable energy storage.
Major Challenges in the Aqueous Battery Market:
1. Energy Density Limitations: Aqueous batteries often face challenges with lower energy density compared to lithium-ion counterparts, limiting their application in high-energy-demand scenarios.
2. Durability and Cycle Life: Improving the cycle life and resistance to degradation remains a critical area for research and development.
By Type
• Aqueous Li-ion Battery
• Aqueous Zinc-ion Battery
By Application
• Electric Vehicle
• Consumer Electronics
• Medical
Key Companies
Enerpoly, Salient Energy, LG Chem, CATL, ATL, Panasonic, Samsung SDI, Murata, BYD, BAK Power, Toshiba, AESC, Saft, Tianjin Lishen Battery, Targray, Nexeon, Faradion, PolyPlus
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