Top Companies in Metal Air Battery Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Metal-Air Battery Market to Reach Valuation of USD 1,173 Million by 2028 - Rising demand in the Electric Vehicles and in Grid Energy Storage in Electrical Sector is Driving the Market.
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Market Overview:
The global metal-air battery market is valued at USD 466 million in 2021 and is expected to attain a value of USD 1,173 million by 2028 at a CAGR of 13.2% during the forecast period, 2021–2028. Factors such as increasing demand for high-energy-density storage solutions and the inherent properties of metal-air batteries are expediting market growth. Primarily driven by the increasing use of zinc-air batteries in electronic devices
According to IEA, there were almost 10 million electric cars seen on the roads across the world at the end of 2020, and the registrations of electric cars increased by 41% in 2020, in spite of the pandemic-related downturn in car sales in which global car sales dropped by 16%. Furthermore, around 3 million electric cars were sold globally i.e. 4.6% sales share and Europe overtook China as the world’s largest electric vehicle (EV) market for the first time. The electric bus and truck registrations reached global stocks of 600 000 and 31 000 respectively which was due to major expansion in key markets. Additionally, incentives to safeguard EV sales from the economic downturn some of the European countries increased their purchase incentives and China delayed the phase-out of its subsidy scheme. This increased sale has resulted in an increase in demand for metal-air batteries as it offers a higher range, energy density, safety, longer life-cycle among others for vehicles.
Following are the top 7 leading companies in the Metal-air Battery Market:
|
Company Name |
Revenue in USD |
|
$914 Million |
|
$5 Million |
|
$96 Million |
|
$5 Million |
|
$1 Billion |
|
$8 Million |
|
$5 Billion |
Phinergy is a leading pioneer in metal-air technology, turning metals into a new way to store, transport, and generate clean and safe energy. The company's aluminum-air and zinc-air technology provide clean energy generation and storage solutions for a variety of applications in energy backup, electric mobility, and renewable energy storage. The company's metal-air technology releases the abundant energy contained in metals, resulting in a sustainable and profitable value chain, where energy is stored where it is abundant, clean, and cheap, and released where it is most needed and consumed.
Log 9 Materials is an Indian nanotechnology company, headquartered in Bangalore, operating in the areas of sustainable energy and filtration. With 16 patents around Graphene, the company has developed aluminum fuel cells for both mobility and stationary energy applications. Log9 Materials is using its core competence in Graphene nanotechnology to develop advanced energy storage technologies from electrode materials, cell to pack level. Recently, the company announced the launch of India's first fully integrated battery technology with the Omega Seiki 3Wheeler platform for Rapid charge.
Arotech's Advanced Electronics Division [AED] develops and provides a wide array of electronic subassemblies and solutions. The company's core competencies include a battery, power management, RF, and millimeter-wave electronics. The company offers the opportunity to engage customers as a design-thru-manufacturing supplier, build-to-print manufacturing, as well as repair, refurbishment, and obsolescence mitigation. Arotech AED services military, aerospace, and industrial customers worldwide.
PolyPlus is among the world leaders in the development of next-generation battery technology. The invention of the PLE by PolyPlus scientists allowed the company to pioneer a number of ultra-high energy density chemistries that were previously considered to be impractical or impossible, including Li-air, Li-Seawater, and aqueous Li-S batteries. The invention of the solid-state lithium glass laminate represents an even larger step by enabling a new generation of rechargeable lithium batteries with twice the energy density of Li-ion batteries.
GP Batteries International Limited is principally engaged in the development, manufacture, and marketing of batteries and battery-related products. Since its establishment under Gold Peak Group in Hong Kong, GP Batteries has rapidly expanded to become one of the world's major suppliers of primary and rechargeable batteries. The company is one of the largest consumer battery manufacturers in China. It supplies an extensive range of battery products to original equipment manufacturers, leading battery companies as well as consumer retail markets under its own GP brand name. The company's production facilities are located in China, Vietnam, and Malaysia, supported by marketing and trading offices spanning Asia, Europe, and North America. The Group currently employs about 6,000 people worldwide and occupies a total floor area of approximately 260,000 square meters.
Zinc8 Energy Solutions Inc. is a leader in Zinc-Air Battery Technology. The company has developed an innovative battery technology that uses zinc and air as fuel. The company's technology resolves the intermittent and unpredictable nature of renewable energy sources such as wind and solar. The company resolves the intermittent and unpredictable nature of renewable energy sources while completely decoupling the linkage between power and energy.
Arconic Corp is a market leader in providing aluminum sheets to the North American automotive market. The company manufactures engineered products and forgings and offers aluminum sheets, plates, and other extruded products for the aerospace, automotive, commercial transportation, brazing, and industrial markets. Arconic serves customers worldwide. Bumper to bumper, the company's aluminum sheet, and extrusions are enabling safer, lighter, and more fuel-efficient cars and trucks.
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