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The global air electrode battery market exhibited strong growth during 2015-2020. Air electrode batteries comprise cathodes that hold oxygen segregated from the metal anode by an electrolyte and can interact directly with catalysts. This leads to an enhanced electron movement and a stable charge-discharge cycle. These batteries are widely utilized in electric vehicles (EV), portable electronic devices, and utility-scale energy storage systems. This can be accredited to their extended service life, stable discharge voltage, and high energy density. Moreover, as they are relatively safe to use, economical, and have a lower environmental impact, air electrode batteries find applications in refrigerators, washing machines, television sets, tablets, and smartwatches worldwide.
Air electrode batteries represent one of the key components of smart grid energy storage systems and green vehicles. This, along with the rising adoption of EVs on account of growing environmental concerns and the increasing petroleum prices, acts as a major factor promoting the market growth. Additionally, as these batteries store electrical energy more effectively than ion-based technology, they are extensively being used in portable devices, such as consumer electronics, mobile robots, and aerial drones. Apart from this, the rising utilization of disposable medical devices and equipment, including dental products, optical technologies, diagnostic imaging, and medical tracking solutions, is influencing the need for air electrode batteries in the healthcare industry. Furthermore, the leading manufacturers are integrating nanomaterials to introduce three-dimensional (3D) electrodes with improved energy efficiency and kinetics, which is anticipated to strengthen the growth of the market. Looking forward, IMARC Group expects the global air electrode battery market to grow at a CAGR of around 8% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global air electrode battery market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, battery type and application.
Breakup by Battery Type:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Camelion Batterien GmbH, Duracell Inc. (Berkshire Hathaway), LG Chem Ltd., Maxell Ltd., NEXcell Battery Co. Ltd, Panasonic Corporation, Phinergy, PolyPlus Battery Company Inc., Sony Corporation, Volkswagen AG and ZAF Energy Systems INC.
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