금속 공기 배터리 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the metal-air battery market size is expected to increase from USD 0.82 billion in 2026 to USD 1.53 billion by 2031, growing at a CAGR of 13.3% over 2026-2031.

This report is Segmented by Metal Type (Zinc-Air, Aluminum-Air, Lithium-Air, Iron-Air, and Other Metal Type), Battery Type (Primary, and Secondary), Voltage (Low, Medium, and High), Application (Electric Vehicles, Stationary Energy Storage, Military and Defence Electronics, Consumer and Medical Electronics, and Other Application), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Global Metal-Air Battery Market Trends and Insights

Advances in Rechargeable Zinc-Air and Lithium-Air Chemistries

Breakthrough bifunctional catalysts reported during 2025 and 2026 increased zinc-air cycle life above 10,000 hours and narrowed the voltage gap between charge and discharge. These improvements reduce thermal management loads and pave the way for secondary zinc-air packs that can rival lithium-ion on total cost in stationary storage. Research groups are also converging on solid-state electrolytes with protected lithium anodes, placing lithium-air on a credible path toward commercialization. The combined progress strengthens confidence among utilities and data-center operators that multi-day discharge solutions can meet warranty requirements, stimulating procurement pipelines.

Rapid Electric-Vehicle Adoption Requiring Ultra-High Energy Density Packs

Global electric-vehicle sales surpassed 14 million units in 2024 and continue to climb. Automakers seek chemistries delivering 500 km per charge without heavier packs. Metal-air batteries promise three-to-five-fold higher theoretical specific energy compared with lithium-ion. Memoranda of understanding between Phinergy, Hindalco, and Indian Oil target aluminum-air packs that swap aluminum plates in minutes, reshaping refueling logistics. Pilot fleets in China and India are testing range-extender modules, and regulatory incentives for zero-tailpipe emissions accelerate the timeline for commercial platforms.

Limited Cycle Life Compared with Mature Lithium-Ion Chemistries

Laboratory iron-air systems have logged up to 1,696 hours, and rechargeable zinc-air cells now exceed 10,000 hours in the best cases, yet both remain below lithium-ion norms of 3,000-5,000 cycles. Daily-cycling applications, such as frequency regulation or passenger vehicles, therefore still default to lithium-ion. Form Energy positions iron-air for 100-hour discharge at weekly or monthly cycling intervals, sidestepping the heaviest duty profiles. Continued advances in electrolyte carbonation suppression and dendrite control remain prerequisites for broader deployment.

Other drivers and restraints analyzed in the detailed report include:

1. Declining Zinc and Aluminum Prices Versus Lithium and Cobalt
2. Government Funding for Long-Duration Storage Pilots
3. Air-Cathode Carbon Dioxide Poisoning and Catalyst Degradation

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Zinc-air batteries are projected to retain a 55.47% share of the metal-air battery market in 2025, primarily due to their continued use in hearing aids and medical electronics, which rely on these batteries for their dependable performance as primary cells. The iron-air segment, supported by Form Energy's extensive multiproject pipeline, is expected to gain a larger share of the metal-air battery market. This segment is expected to register the highest compound annual growth rate (CAGR) of 13.86% during the forecast period of 2026-2031, driven by increasing adoption in various applications.

The growing number of multi-day discharge contracts in grid balancing and data center backup operations underscores the economic viability of iron-air batteries. These batteries are particularly suited for applications where trade-offs between cycle life and round-trip efficiency are acceptable in exchange for a lower cost per stored kilowatt-hour. Concurrently, aluminum-air battery developers are capitalizing on the abundance of aluminum feedstock and the ability to quickly swap metal plates. This approach addresses critical concerns such as range anxiety and refueling downtime, especially in commercial fleet operations. On the other hand, while lithium-air battery technology has shown progress in solid-state prototype development, its mainstream adoption remains outside the current forecast window due to its early-stage nature and ongoing challenges in commercialization.

Primary cells accounted for 60.19% of the metal-air battery market in 2025, driven by their established use in healthcare devices, such as hearing aids, and consumer electronics. These cells continue to dominate due to their reliability and cost-effectiveness in applications requiring consistent performance. Meanwhile, advancements in bifunctional catalysts have significantly extended the lifespan of secondary zinc-air batteries, enabling them to operate for nearly 10,000 hours. This development has opened up new opportunities for their use in stationary energy storage systems and mobility applications, contributing to a projected 13.92% compound annual growth rate (CAGR) for rechargeable zinc-air batteries during the forecast period.

Established players like Duracell, Panasonic, and GP Batteries maintain their stronghold in the button-cell segment, leveraging their extensive distribution networks and brand recognition. However, emerging companies such as EnZinc and Zinc8 are making strides toward scaling modular zinc-air battery packs for applications including community microgrids and commercial buildings. The shift in the metal-air battery market toward secondary configurations is expected to accelerate as manufacturing capacities in regions like the United States and Europe expand to gigawatt-hour annual output levels, further driving innovation and adoption in this segment.

Geography Analysis

Asia-Pacific accounted for 53.79% of the 2025 metal-air battery market, driven by China's extensive manufacturing capabilities, India's strategic aluminum-air collaborations, and Japan's advancements in catalyst science. China is advancing battery-swapping infrastructure through CATL's Choco-Swap ecosystem, which launched in December 2024 with plans to reach 1,000 stations by 2025 and a mid-term target of 10,000 stations, creating a template for metal-slurry refueling systems applicable to aluminum-air and zinc-air batteries. The region benefits from policies that promote local supply chain development and ambitious transportation electrification goals, creating a conducive environment for market growth. Additionally, the presence of key players and ongoing investments in research and development further solidify Asia-Pacific's dominance in the market.

North America is projected to exhibit the highest 14.08% forecast CAGR for 2026-2031. This growth is supported by state-level mandates for long-duration energy storage, funding initiatives from the Department of Energy, and the establishment of Form Energy's manufacturing facility in West Virginia. These factors contribute to a robust domestic ecosystem that spans from foundational research to large-scale field deployment. Furthermore, Canada's focus on low-carbon aluminum production through the ELYSIS venture enhances the region's feedstock sustainability, providing additional support for market expansion.

Europe remains committed to fostering academic-industry collaborations under the Horizon Europe program, allocating EUR 15 million (approximately USD 16.2 million) toward the commercialization of zinc-air batteries. National grid operators in countries like Germany and the United Kingdom are increasingly incorporating multi-day storage solutions into capacity auctions. This strategic focus positions Europe for a significant surge in demand in the future, contingent on achieving key demonstration milestones. The region's emphasis on innovation and regulatory support continues to drive advancements in metal-air battery technologies.

1. Arotech Corporation
2. Duracell Inc.
3. E-Stone Batteries B.V.
4. Electric Fuel Battery Corporation
5. EnZinc Inc.
6. e-Zinc Corporation
7. Fuji Pigment Co., Ltd.
8. GP Batteries International Limited
9. Log9 Materials Scientific Private Limited
10. Maxell Holdings, Ltd.
11. NantEnergy Inc.
12. Panasonic Holdings Corporation
13. Phinergy Ltd.
14. PolyPlus Battery Company
15. Renata SA
16. Sunergy Battery Co., Ltd.
17. ZAF Energy Systems Inc.
18. Zhuhai Zhi Li Battery Co., Ltd. (ZeniPower)
19. Zinc8 Energy Solutions Inc.
20. Form Energy, Inc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Advances in Rechargeable Zinc- and Lithium-Air Chemistries
  • 4.2.2 Rapid EV Adoption Requiring Ultra-High Energy Density Packs
  • 4.2.3 Declining Zinc and Aluminum Prices Versus Lithium and Cobalt
  • 4.2.4 Government Funding for Long-Duration Storage Pilots
  • 4.2.5 Swappable Metal-Slurry Refuel Stations for Commercial EV Fleets
  • 4.2.6 National Defense Push for Silent, Lightweight Soldier Power
• 4.3 Market Restraints
  • 4.3.1 Limited Cycle Life Compared with Mature Li-ion Chemistries
  • 4.3.2 Air-Cathode CO2 Poisoning and Catalyst Degradation
  • 4.3.3 Immature Large-Scale Manufacturing Supply Chain
  • 4.3.4 Competition for Decarbonised High-Purity Aluminium Feedstock
• 4.4 Impact of Macroeconomic Factors on the Market
• 4.5 Industry Value Chain Analysis
• 4.6 Regulatory Landscape
• 4.7 Technological Outlook
• 4.8 Porter's Five Forces Analysis
  • 4.8.1 Bargaining Power of Suppliers
  • 4.8.2 Bargaining Power of Buyers
  • 4.8.3 Threat of New Entrants
  • 4.8.4 Threat of Substitutes
  • 4.8.5 Intensity of Competitive Rivalry

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Metal Type
  • 5.1.1 Zinc-air
  • 5.1.2 Aluminum-air
  • 5.1.3 Lithium-air
  • 5.1.4 Iron-air
  • 5.1.5 Other Metal Type
• 5.2 By Battery Type
  • 5.2.1 Primary (Non-rechargeable)
  • 5.2.2 Secondary (Rechargeable)
• 5.3 By Voltage
  • 5.3.1 Low (less than 12 V)
  • 5.3.2 Medium (12-36 V)
  • 5.3.3 High (greater than 36 V)
• 5.4 By Application
  • 5.4.1 Electric Vehicles
  • 5.4.2 Stationary Energy Storage
  • 5.4.3 Military and Defence Electronics
  • 5.4.4 Consumer and Medical Electronics
  • 5.4.5 Other Application
• 5.5 By Geography
  • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
  • 5.5.2 South America
    • 5.5.2.1 Brazil
    • 5.5.2.2 Argentina
    • 5.5.2.3 Rest of South America
  • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Russia
    • 5.5.3.5 Rest of Europe
  • 5.5.4 Asia-Pacific
    • 5.5.4.1 China
    • 5.5.4.2 Japan
    • 5.5.4.3 India
    • 5.5.4.4 South Korea
    • 5.5.4.5 Australia
    • 5.5.4.6 Rest of Asia-Pacific
  • 5.5.5 Middle East
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 United Arab Emirates
    • 5.5.5.3 Rest of Middle East
  • 5.5.6 Africa
    • 5.5.6.1 South Africa
    • 5.5.6.2 Egypt
    • 5.5.6.3 Rest of Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share, Products and Services, Recent Developments)
  • 6.4.1 Arotech Corporation
  • 6.4.2 Duracell Inc.
  • 6.4.3 E-Stone Batteries B.V.
  • 6.4.4 Electric Fuel Battery Corporation
  • 6.4.5 EnZinc Inc.
  • 6.4.6 e-Zinc Corporation
  • 6.4.7 Fuji Pigment Co., Ltd.
  • 6.4.8 GP Batteries International Limited
  • 6.4.9 Log9 Materials Scientific Private Limited
  • 6.4.10 Maxell Holdings, Ltd.
  • 6.4.11 NantEnergy Inc.
  • 6.4.12 Panasonic Holdings Corporation
  • 6.4.13 Phinergy Ltd.
  • 6.4.14 PolyPlus Battery Company
  • 6.4.15 Renata SA
  • 6.4.16 Sunergy Battery Co., Ltd.
  • 6.4.17 ZAF Energy Systems Inc.
  • 6.4.18 Zhuhai Zhi Li Battery Co., Ltd. (ZeniPower)
  • 6.4.19 Zinc8 Energy Solutions Inc.
  • 6.4.20 Form Energy, Inc.

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment