Market Insights
“The Lithium-Air Battery market value was US$ 11.4 Billion in 2023 and is likely to grow at an impressive CAGR of 10.4% in the long run to reach US$ 27.7 Million in 2030”.
Market Dynamics
Introduction
The high chemistry of lithium-air batteries and high theoretical capacity of lithium-air batteries are expected to drive the market growth These lithium-air batteries can absorb oxygen from environmental gases, and for cathode materials, they operate from the environment rather than in a battery thus reducing battery weight. Furthermore, depending on the electrolyte used, lithium-air batteries can have a capacity of up to 1000 Wh/kg, more than three times that of lithium-ion batteries.
Lithium-air batteries find potential applications for long-range vehicles such as battery-powered long-range vehicles and energy storage devices, which in turn contribute to the growth of the market These batteries can be used as grid backups to store energy from renewable sources. Furthermore, the high demand for long-range EVs also leads to reliable formulations of lithium-air batteries. For example, the National Materials Science Institute of Japan SoftBank Corporation developed a lithium-air battery with an energy density of about 500 Wh/kg. Although lithium-air batteries have various advantages over Li-ion batteries, the technology is still in its infancy and has several technical drawbacks that could hinder its commercialization in the short term with lithium-based oxygen aqueous electrolyte lithium-miscible batteries Peroxide (Li2O2) and superoxide (LiO2) of lithium are formed at the cathode during oxidation.
Segment Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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End-User-Type Analysis
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Automotive, Consumer Electronics, Energy Storage, and Other Applications
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Automotive will remain the primary end-user within the healthcare sector.
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Region Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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North America is anticipated to retain its position as the dominant region during the forecast period.
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By End-User Type
“Automotive is expected to remain the largest end-user type in the market during the forecast period.”
- In recent years, it has had a huge market share in automotive due to the increasing demand for long-range electric vehicles.
- With road transport being a major contributor to CO2 emissions, the adoption of EVs as an alternative to conventional internal combustion engine (ICE) vehicles is increasing Key studies at present the battery used in an EV is the lowest voltage, which makes EVs a single charge range.
- Their short lifespan and, requiring frequent replacement of Lithium-air batteries for the ability to overcome these issues, contribute to the growth of this segment.
Regional Analysis
“North America is projected to remain the largest market for aerospace-engineered coated fabrics during the forecast period.”
- North America's dominance is attributed to the region’s strong consumer electronics and growing demand for electric vehicles.
- North America presents a significant growth opportunity for consumer preferences because thinner, lighter, and more efficient batteries are driving the adoption of lithium-air batteries for smart devices, laptops, computers, and other devices
- In the US battery electric cars produce fewer greenhouse gases than conventional gasoline cars but the cost of electric cars is higher, especially because of battery costs a therefore, prevent excessive use. Technological advances and efforts to reduce and improve battery costs are expected to boost the demand for lithium-air batteries in the region
Key Players
The market is highly fragmented with the presence of over 100 players across the region. Most of the major players compete in some of the governing factors including price, service offerings, regional presence, etc. The following are the key players:
Here is the list of the Top Players (Based on Dominance)
- Mullen Technologies, Inc
- Toyota
- Tesla, Inc
- Poly Plus Battery Co.
- Lithium Air Industries, Inc.
Note: The above list does not necessarily include all the top players of the market.
Are you the leading player in this market? We would love to include your name. Write to us at [email protected]
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The global lithium-air battery market is segmented into the following categories.
Lithium-Air Battery Market, by End-User Type
- Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Consumer electronics Uses (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Energy Storage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Other Application (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Lithium-Air Battery Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Lithium-Air Battery market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
