세계의 금속 공기 배터리 시장 : 재료 유형별, 용도별, 지역별, 기회 및 예측(2018-2032년)

Global metal air battery market is projected to witness a CAGR of 11.01% during the forecast period 2025-2032, growing from USD 0.61 billion in 2024 to USD 1.41 billion in 2032. The global metal air batteries market has experienced significant growth in recent years due to rising investment in electric vehicles and the transition to clean energy is expected to maintain a strong pace of expansion in the coming years. Metal air batteries are the kind of batteries that generate electricity through a reaction between a metal anode and ambient oxygen. The technology is gaining traction as batteries have superior energy density, a lightweight design which drives its demand across diverse sectors. Even governments and high authorities are emerging economies for creating policies to mitigate carbon emissions and encourage EV adoption, further expediting the metal air batteries market size in the coming years. Furthermore, several battery manufactures are looking to invest in the advance battery storage industry due to rising demand for high-energy-density and sustainable energy storage solutions in the market.

For instance, in February 2024, Sharp Corporation, a company from Japan is currently promoting zinc-air battery research and development and plans to start a pilot production project in 2025. As per company analysis, zinc-air batteries may achieve the same energy density as lithium-ion batteries may store more energy for the same weight or volume. This development highlights the rising investment in the metal air battery production which will drive the market growth in the coming years.

Additionally, the renewable energy sector is looking to invest in efficient energy storage solutions to address the future intermittency from various sources of energy. In addition, the demand for consumer electronics devices is expanding in developing countries, which contributes to a rise in demand for metal air batteries in the market. The future advances in materials technology and integration of artificial intelligence for battery optimization are creating new avenues for product development and performance improvement that will drive market trends. In conclusion, the expansion of EVs, consumer electronics, renewable energy storage and integration, and government initiatives for sustainability will propel the growth of the metal air batteries market in the coming years.

Rising Investment in Efficient Grid-Scale Energy Storage Devices Augmenting Market Growth

The renewable power sector is looking to invest in innovative renewable energy storage solutions, which will significantly propel the growth of the metal air battery market. The renewable energy sector is looking to invest in grid-scale energy storage systems which could provide a reliable solution by storing excess energy and releasing it during periods of low energy generation. The sector is looking to increase renewable energy production with an efficient energy storage solution, which is leading to the growing need for metal air batteries in the market. Moreover, metal air batteries are able to handle the variability associated with renewable energy sources and assist in the modernization and expansion of grids thus, driving its demand in the market. Renewable power generation plants are adopting advanced batteries for a reliable power supply and storage which drives its demand in the market.

For instance, as of December 2024, the Union Ministry of New and Renewable Energy (MNRE) of India was considering to mandate the inclusion of battery storage capacity up to 10% in upcoming solar and wind power plants. The government move is aimed at addressing the intermittency of renewable energy supply and ensuring power delivery. This development highlights that the rising regulation for battery storage capacity will drive the demand for metal air batteries in the market.

Metal air batteries have high energy density and are a cost-effective in nature alternative to conventional lithium-ion systems. Metal-air batteries offer a more stable and scalable solution for large-scale energy storage which drives its demand in the market. Furthermore, globally the rising investment in renewable energy projects to reduce carbon emissions and combat climate change is prioritizing investments in advanced storage technologies which further contributes to the rise metal air batteries market size in the coming years.

Expansion of the Electric Vehicle Market Creating Market Opportunity

The EV sector primarily relies on advanced battery technology for power and performance due to which the sector is seeking advanced batteries which offer higher energy density, longer driving range, and improved efficiency. Metal air batteries hold the ability to deliver superior energy storage which assists in achieving energy densities. The high energy density translates to lighter batteries and extended vehicle range, both of which are critical factors for EV sector thus, increasing the adoption of metal air batteries in the market. In addition, strategic collaborations between EV manufacturers, battery manufacturers, and energy suppliers are contributing to the growth of the metal air battery market in the coming years.

For instance, in August 2024, in South Korean, battery technology researchers have designed a sodium-air battery which could lead to safer, more efficient, and less expensive electric vehicles. This development highlights the rising investment in advanced battery technology to increase its adoption in the market which will help to generate revenue in the coming years.

The growth in the electric vehicle (EV) sector is opening the new revenue pockets for metal air batteries in the global market. Several factors contribute to the rising demand for battery technology, such as consumer desire for environmentally friendly transportation. Furthermore, rising government policies and consumer desire for the adoption of environmentally friendly transportation due to environmental restrictions leads to the rapid expansion of EV sector in developing countries. Governments around the world are enforcing stricter emissions laws and providing incentives to promote the use of EVs, which fuels the demand for metal air batteries in the market.

Lithium-Air Segment is Expected to Register Significant Growth

Several factors contribute to the rising demand for lithium-air batteries in the global market due to their high energy density and the high adoption of electric vehicles (EVs) in the market. The superior lithium air batteries support increased driving ranges and reduced battery packs as opposed to standard lithium-ion batteries. This factor is essential as the automobile sector speeds up its transition towards superior batteries. Furthermore, governments worldwide implement stricter emissions regulations and promote EV adoption which contributes to segment growth. Also, lithium-air batteries find growing applications in renewable energy storage systems because technology is able to store plenty of energy, resolving the power intermittency. The innovation in battery makes them perfect for supply and demand balancing in contemporary power grids and facilitating the uptake of renewables. As a consequence, the marriage of increasing EV manufacturing and the worldwide drive for green energy, is driving the high and consistent demand in the global market for lithium-air batteries.

Asia-Pacific Region Dominates the Global Metal Air Battery Market

Asia-Pacific has dominated the metal air battery market, rising investment in the renewable energy storage and distribution sector which drives the demand for efficient battery products in the market. The region includes the highly populated countries such as China and India in which rising urbanization and higher disposable incomes lead to greater access to technology, which creates a substantial customer base for the metal air battery industry in the coming years. Furthermore, the demand for EVs and portable electronic goods is increasing proportionately, which will drive the demand for metal air batteries in the coming years. Emerging countries are spending on EVs heavily due to which the EV sector is seeking to invest in advanced energy storage technology which is driving the demand for metal air batteries in the market.

For instance, in 2023, IOC Phinergy Limited (IOP) decided to display India's first-ever vehicles powered by the aluminium-air system at the Auto Expo. IOP a 50:50 joint venture of Indian Oil Corporation Limited with Phinergy Ltd. is deploying the 1st ever full ecosystem for aluminium-air energy in India, including R&D, manufacturing and associated services. This development highlights that the developing countries are working on the adoption of advanced battery technology which drive the demand for metal air battery in the market.

Moreover, Asia-Pacific is making efforts to become the leader in renewable power storage and EV adoption which is propelling metal air battery market growth. Additionally, innovative government policies encourage manufacturing in batteries, which creates a favorable environment for the development of the metal air battery market. The manufacturers of batteries are investing in metal air battery production to address increased regional demand.

Impact of the United States Tariff on Global Metal Air Battery Market

The United States tariffs on imported battery cells and components, especially from China, have significantly raised leads to high manufacturing cost of metal-air and other advanced batteries in the United States.

The tariffs have disrupted established global supply chains, as the United States remains heavily reliant on imported materials and components for battery production.

Utility-scale and residential energy storage projects in the United States resulting in potential delays due to high cost in importing battery cells.

Key Players Landscape and Outlook

Metal air battery manufacturers are adopting several businesses strategic to boost revenue and market share in the industry. Companies are heavily investing in research and development to enhance battery performance, particularly focusing on improving energy density, rechargeability, and lifespan. Companies are trying to make the batteries to meet the demands of electric vehicles, grid storage, and portable electronic goods sectors. Companies are also expanding their product portfolios by developing batteries using different metals such as zinc, lithium, and aluminum, targeting diverse applications from consumer electronics to large-scale energy storage. Strategic partnerships and collaborations with automakers, renewable energy providers, and technology firms are helping manufacturers accelerate commercialization and expand their market reach. Product launches, agreements, business expansions, collaborations, and developing technologies are projected to increase competition in the fast-paced market.

For instance, in July 2022, Israel-based Phinergy Ltd., India's Hindalco Industries Limited and IOC Phinergy Limited signed a memorandum of understanding (MoU) to cooperate in the R&D and pilot production of aluminum plates for aluminum-air batteries used in electric vehicles and aluminum recycling. This development helped the company to increase the production capacity of and earn revenue in the coming years.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Impact of U.S. Tariffs

4. Executive Summary

5. Voice of Customer

• 5.1. Factors Considered in Purchase Decisions
  • 5.1.1. Energy Density and Range
  • 5.1.2. Cost-Effectiveness
  • 5.1.3. After-Sales Support
  • 5.1.4. Rechargeability/Cycle Life
  • 5.1.5. Performance Stability (across environmental conditions)

6. Global Metal Air Battery Market Outlook, 2018-2032F

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Material Type
    • 6.2.1.1. Lithium-Air
    • 6.2.1.2. Aluminum-Air
    • 6.2.1.3. Zinc-Air
    • 6.2.1.4. Iron-Air
    • 6.2.1.5. Sodium-Air
    • 6.2.1.6. Others
  • 6.2.2. By Application
    • 6.2.2.1. Renewable Energy Storage
    • 6.2.2.2. Electric Vehicles
    • 6.2.2.3. Portable Electronics Devices
    • 6.2.2.4. Others
  • 6.2.3. By Region
    • 6.2.3.1. North America
    • 6.2.3.2. Europe
    • 6.2.3.3. Asia-Pacific
    • 6.2.3.4. South America
    • 6.2.3.5. Middle East and Africa
  • 6.2.4. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 6.3. Market Map Analysis, 2024
  • 6.3.1. By Material Type
  • 6.3.2. By Application
  • 6.3.3. By Region

7. North America Metal Air Battery Market Outlook, 2018-2032F*

• 7.1. Market Size Analysis & Forecast
  • 7.1.1. By Value
• 7.2. Market Share Analysis & Forecast
  • 7.2.1. By Material Type
    • 7.2.1.1. Lithium-Air
    • 7.2.1.2. Aluminum-Air
    • 7.2.1.3. Zinc-Air
    • 7.2.1.4. Iron-Air
    • 7.2.1.5. Sodium-Air
    • 7.2.1.6. Others
  • 7.2.2. By Application
    • 7.2.2.1. Renewable Energy Storage
    • 7.2.2.2. Electric Vehicles
    • 7.2.2.3. Portable Electronics Devices
    • 7.2.2.4. Others
  • 7.2.3. By Country Share
    • 7.2.3.1. United States
    • 7.2.3.2. Canada
    • 7.2.3.3. Mexico
• 7.3. Country Market Assessment
  • 7.3.1. United States Metal Air Battery Market Outlook, 2018-2032F*
    • 7.3.1.1. Market Size Analysis & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share Analysis & Forecast
      • 7.3.1.2.1. By Material Type
        • 7.3.1.2.1.1. Lithium-Air
        • 7.3.1.2.1.2. Aluminum-Air
        • 7.3.1.2.1.3. Zinc-Air
        • 7.3.1.2.1.4. Iron-Air
        • 7.3.1.2.1.5. Sodium-Air
        • 7.3.1.2.1.6. Others
      • 7.3.1.2.2. By Application
        • 7.3.1.2.2.1. Renewable Energy Storage
        • 7.3.1.2.2.2. Electric Vehicles
        • 7.3.1.2.2.3. Portable Electronics Devices
        • 7.3.1.2.2.4. Others
  • 7.3.2. Canada
  • 7.3.3. Mexico

All segments will be provided for all regions and countries covered

8. Europe Metal Air Battery Market Outlook, 2018-2032F

• 8.1. Germany
• 8.2. France
• 8.3. Italy
• 8.4. United Kingdom
• 8.5. Russia
• 8.6. Netherlands
• 8.7. Spain
• 8.8. Turkey
• 8.9. Poland

9. Asia-Pacific Metal Air Battery Market Outlook, 2018-2032F

• 9.1. India
• 9.2. China
• 9.3. Japan
• 9.4. Australia
• 9.5. Vietnam
• 9.6. South Korea
• 9.7. Indonesia
• 9.8. Philippines

10. South America Metal Air Battery Market Outlook, 2018-2032F

• 10.1. Brazil
• 10.2. Argentina

11. Middle East and Africa Metal Air Battery Market Outlook, 2018-2032F

• 11.1. Saudi Arabia
• 11.2. UAE
• 11.3. South Africa

12. Value Chain Analysis

13. Porter's Five Forces Analysis

14. PESTLE Analysis

15. Pricing Analysis

16. Market Dynamics

• 16.1. Market Drivers
• 16.2. Market Challenges

17. Market Trends and Developments

18. Competitive Landscape

• 18.1. Competition Matrix of Top 5 Market Leaders
• 18.2. SWOT Analysis for Top 5 Players
• 18.3. Key Players Landscape for Top 10 Market Players
  • 18.3.1. Phinergy Ltd.
    • 18.3.1.1. Company Details
    • 18.3.1.2. Key Management Personnel
    • 18.3.1.3. Products and Services
    • 18.3.1.4. Financials (As Reported)
    • 18.3.1.5. Key Market Focus and Geographical Presence
    • 18.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 18.3.2. NantEnergy Inc.
  • 18.3.3. Abound Energy Inc.
  • 18.3.4. GP Batteries International Limited
  • 18.3.5. Energizer Holdings, Inc.
  • 18.3.6. Duracell U.S. Operations, Inc.
  • 18.3.7. Renata SA
  • 18.3.8. PolyPlus Battery Company
  • 18.3.9. Form Energy
  • 18.3.10. Log 9 Materials Scientific Private Limited

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

19. Strategic Recommendations

20. About Us and Disclaimer