세계의 액체 금속 배터리 시장 전망(-2030년) : 배터리 유형, 구성요소, 용도, 최종 사용자 및 지역별 분석

According to Stratistics MRC, the Global Liquid Metal Battery Market is growing at a CAGR of 12.6% during the forecast period. A liquid metal battery is a type of rechargeable battery consisting of liquid electrodes and a molten salt electrolyte. It typically uses two liquid metals as the anode and cathode, separated by a liquid electrolyte. This design allows for high energy storage, rapid charge and discharge cycles, and enhanced durability. Liquid metal batteries are primarily designed for grid-scale energy storage, offering a low-cost, long-lasting solution for storing renewable energy like solar and wind.

According to the data from the International Renewable Energy Agency (IRENA), global renewable energy capacity reached 3,064 GW in 2021, with solar and wind power accounting for over 90% of new capacity additions.

Market Dynamics:

Driver:

Growing demand for renewable energy integration

The increasing adoption of renewable energy sources like solar and wind is driving demand for large-scale energy storage solutions. Liquid metal batteries offer high capacity, long cycle life, and fast response times, making them ideal for integrating intermittent renewables into the grid. As countries aim to increase their renewable energy portfolios, the need for grid-scale storage is growing rapidly. Liquid metal batteries can help balance supply and demand, store excess renewable energy, and provide grid stability, contributing significantly to the market's expansion.

Restraint:

High initial costs

The high upfront costs associated with liquid metal battery systems pose a significant barrier to widespread adoption. The materials, manufacturing processes, and specialized components required for these batteries result in substantial initial investments. Additionally, the need for high-temperature operation increases infrastructure and safety requirements, further escalating costs. While the long-term benefits of liquid metal batteries are promising, the steep initial expenses deter many potential customers, especially in price-sensitive markets. This cost factor slows down market penetration and limits the technology's competitiveness against more established energy storage solutions.

Opportunity:

Continuous advancements in materials and design

Scientists and engineers are exploring new material combinations, improved electrolytes, and innovative designs to enhance performance and reduce costs. These advancements aim to increase energy density, extend cycle life, and lower operating temperatures. Improved materials and designs could also address safety concerns and expand the range of applications. As breakthroughs occur, the technology becomes more attractive to a broader range of industries and applications, potentially opening up new market segments and accelerating adoption rates.

Threat:

Competition from alternative technologies

The liquid metal battery market faces stiff competition from other energy storage technologies, particularly lithium-ion batteries. Lithium-ion batteries have a well-established market presence, economies of scale, and ongoing improvements in performance and cost. Other emerging technologies like flow batteries and solid-state batteries also pose potential threats. These competing solutions may offer advantages in specific applications or benefit from greater investor interest and research funding. The rapid pace of innovation in the energy storage sector creates a challenging environment for liquid metal batteries to gain market share and establish dominance in various applications.

Covid-19 Impact:

The COVID-19 pandemic initially disrupted supply chains and manufacturing processes, slowing the development and deployment of liquid metal batteries. However, the crisis also highlighted the importance of resilient energy systems, potentially accelerating interest in grid-scale storage solutions. As economies recover, renewed focus on sustainable technologies and grid modernization may drive increased investment in liquid metal battery research and implementation.

The sodium-sulfur (Na-S) battery segment is expected to be the largest during the forecast period

The sodium-sulfur (Na-S) battery segment is projected to account for the largest market share during the projection period. Sodium-sulfur batteries have gained traction due to their high energy density, long cycle life, and ability to operate at high temperatures. These characteristics make them particularly suitable for grid-scale energy storage applications where large capacity and long-duration storage are crucial. The growing demand for renewable energy integration and grid stabilization has fueled the adoption of Na-S batteries. Their proven track record in commercial deployments and ongoing improvements in performance and safety contribute to their dominant market position in the liquid metal battery market.

The thermal management systems segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the thermal management systems segment is predicted to witness the highest growth rate. Thermal management is critical for the efficient and safe operation of liquid metal batteries, which typically operate at high temperatures. As the market expands and new applications emerge, the demand for advanced thermal management solutions is increasing rapidly. Innovations in heat transfer technologies, insulation materials, and temperature control systems are driving this segment's growth.

Region with largest share:

The North America region is projected to account for the largest market share during the forecast period. The region has a strong focus on grid modernization and renewable energy integration, creating a favorable environment for advanced energy storage solutions. Significant investments in research and development, coupled with supportive government policies and incentives, have accelerated the adoption of liquid metal batteries. The presence of key industry players and innovative startups in the region also contributes to its market dominance. North America's robust infrastructure and growing demand for reliable, long-duration energy storage further solidify its position as the largest market for liquid metal batteries.

Region with highest CAGR:

During the projection period, the Asia Pacific segment is expected to grow at the highest CAGR. Increasing energy demand, rapid industrialization, and ambitious renewable energy targets in countries like China, Japan, and South Korea are driving the need for advanced energy storage solutions. Significant investments in grid infrastructure and a strong focus on technological innovation provide fertile ground for liquid metal battery adoption. The region's expanding manufacturing capabilities and government support for clean energy technologies further accelerate market growth. As Asia Pacific countries strive to balance economic development with environmental sustainability, the demand for efficient, large-scale energy storage solutions like liquid metal batteries is expected to surge, propelling the region's market growth.

Key players in the market

Some of the key players in Liquid Metal Battery Market include Ambri Inc., General Electric, Sumitomo Electric, NGK Insulators, 24M Technologies, Pellion Technologies, NantEnergy, Phinergy, E-stone, NEC Energy Solutions, Innovenergy, Fzsonick, Aquion Energy, Inlyte Energy, Kyoto Group AS, EnerVault and QuantumScape.

Key Developments:

In August 2024, NGK INSULATORS, LTD. announces that it has received an order for NAS batteries for electricity storage to be used in a demonstration project at the Taiwan Power Research Institute of Taiwan Power Company, Taiwan's state-owned power company.

In February 2024, The US battery cell developer 24M has announced a new electrolyte called Eternalyte, specially developed for lithium metal batteries. The liquid electrolyte is supposed to significantly improve cycle stability and charging capacity. The cell developer believes it has achieved the highest cycle stability among liquid electrolyte systems under 20mA/cm2 plating/stripping current.

Battery Types Covered:

• Magnesium-Antimony (Mg-Sb) Battery
• Lead Acid (Pb-Sb) Battery
• Sodium-Sulfur (Na-S) Battery
• Calcium-Bismuth (Ca-Bi) Battery
• Lithium-Lead (Li-Pb) Battery
• Other Battery Types

Components Covered:

• Electrodes (Anode and Cathode)
• Battery Cells
• Thermal Management Systems
• Separators
• Current Collectors
• Enclosures
• Electrolytes
• Other Components

Applications Covered:

• Grid Energy Storage
• Renewable Energy Integration
• Backup Power
• Peak Shaving and Load Leveling
• Electric Vehicles and Transportation
• Microgrids and Off-Grid Systems
• Industrial Process Heat Storage
• Other Applications

End Users Covered:

• Utilities and Power Generation
• Automotive and Transportation
• Industrial and Manufacturing
• Residential
• Commercial and Institutional
• Renewable Energy Developers
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Liquid Metal Battery Market, By Battery Type

• 5.1 Introduction
• 5.2 Magnesium-Antimony (Mg-Sb) Battery
• 5.3 Lead Acid (Pb-Sb) Battery
• 5.4 Sodium-Sulfur (Na-S) Battery
• 5.5 Calcium-Bismuth (Ca-Bi) Battery
• 5.6 Lithium-Lead (Li-Pb) Battery
• 5.7 Other Battery Types

6 Global Liquid Metal Battery Market, By Component

• 6.1 Introduction
• 6.2 Electrodes (Anode and Cathode)
• 6.3 Battery Cells
• 6.4 Thermal Management Systems
• 6.5 Separators
• 6.6 Current Collectors
• 6.7 Enclosures
• 6.8 Electrolytes
• 6.9 Other Components

7 Global Liquid Metal Battery Market, By Application

• 7.1 Introduction
• 7.2 Grid Energy Storage
• 7.3 Renewable Energy Integration
• 7.4 Backup Power
• 7.5 Peak Shaving and Load Leveling
• 7.6 Electric Vehicles
• 7.7 Microgrids and Off-Grid Systems
• 7.8 Industrial Process Heat Storage
• 7.9 Other Applications

8 Global Liquid Metal Battery Market, By End User

• 8.1 Introduction
• 8.2 Utilities and Power Generation
• 8.3 Automotive Industry
• 8.4 Industrial and Manufacturing
• 8.5 Residential
• 8.6 Commercial and Institutional
• 8.7 Other End Users

9 Global Liquid Metal Battery Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Ambri Inc.
• 11.2 General Electric
• 11.3 Sumitomo Electric
• 11.4 NGK Insulators
• 11.5 24M Technologies
• 11.6 Pellion Technologies
• 11.7 NantEnergy
• 11.8 Phinergy
• 11.9 E-stone
• 11.10 NEC Energy Solutions
• 11.11 Innovenergy
• 11.12 Fzsonick
• 11.13 Aquion Energy
• 11.14 Inlyte Energy
• 11.15 Kyoto Group AS
• 11.16 EnerVault
• 11.17 QuantumScape