Lithium-air battery market is anticipated to grow at a CAGR of 7.2% during the forecast period. Considering recent developments, Lithium-air batteries represent a significant advancement in energy storage technology, in various sectors such as electric vehicles (EV), aircraft, and grid power. Unlike traditional lithium-ion batteries, which rely on internal metal oxides, lithium-air batteries utilize atmospheric oxygen, theoretically providing 5 to 10 times higher energy density. This growth in capacity addresses the growing demand for energy in a variety of applications, including renewable energy integration, grid modernization, and sustainable transportation. Additionally, the environmental advantages of lithium-air batteries, such as the use of non-toxic materials and the potential for closed-loop operation, are contributing to its further market growth.
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Among the techniques, the automotive industry contributes the highest share in the global lithium-air battery market. Lithium-air batteries present the potential for higher energy densities compared to current lithium-ion batteries, with theoretical capacities that could potentially double or triple the driving range of electric vehicles which is a major problem among EV automakers and consumers. The global EV market is growing significantly, leading to an increased demand for improved batteries, eventually driving the progression of lithium-air technology. Major automotive manufacturers and research institutions are heavily investing in battery technology, with initiatives such as IBM’s Battery 500, which targets a 500-mile electric vehicle range, focusing on the improvements of energy density, an area where lithium-air displays considerable promise.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Lithium Air Battery Market by Type
- Aprotic
- Aqueous
- Solid-state
- Mixed aqueous-aprotic
Global Lithium Air Battery Market by End-user
- Automotive
- Consumer Electronics
- Energy Storage
- Other(Aerospace and Defense, Medical Devices)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Baker Hughes Company
- Contemporary Amperex Technology
- EV Express, Inc.
- Fuji Pigment Co. Ltd.
- Lithium Air Industries Inc.
- MTI Corporation
- PolyPlus Battery Company (PPBC)
- Robert Bosch GmbH
- Samsung Advanced Institute of Technology (SAIT)
- Shenzhen Beide New Energy Technology Co., LTD
- Sion Power Corporation
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the lithium air battery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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