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Metal-air Battery Market to Reach USD 2.1 Billion by 2034, Expanding at 12.4% CAGR | TMR
The global metal-air battery market was valued at USD 576.5 million in 2023 and is projected to reach USD 2.1 billion by the end of 2034. The market is expected to advance at a strong CAGR of 12.4% from 2024 to 2034, driven by growing demand for high-energy-density batteries, increasing adoption of electric vehicles and renewable energy storage, and ongoing advancements in battery technology.Depleting fossil fuel supplies and surge in demand for sustainable energy solutions are some of the major factors fueling the metal-air battery market statistics. Governments across many countries worldwide are emphasizing energy security to cater to the demands of a rapidly growing population and industrialization.
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