
Metal-air Battery Market by Metal (Zinc, Lithium, Aluminum, Iron), Voltage, Type (Primary, Secondary), Application (Electric Vehicles, Military Electronics, Electronic Devices, Stationary Power) and Region - Global Forecast to 2027
- September 20, 2022
- MarketsandMarkets
- 181
Metal-air Battery Market by Metal (Zinc, Lithium, Aluminum, Iron), Voltage, Type (Primary, Secondary), Application (Electric Vehicles, Military Electronics, Electronic Devices, Stationary Power) and Region - Global Forecast to 2027
Abstract
The metal-air battery market size is anticipated to grow from USD 498 million in 2022 to USD 993 million by 2027, at a CAGR of 14.8% from 2022 to 2027. Growing demand for high-energy density storage solutions and the significant shift towards zinc-air batteries in electronic devices are some of the major factors propelling the growth of this market.
“By type, secondary segment led metal-air battery market in 2021”
Secondary metal-air batteries are rechargeable batteries. They can be recharged electrically or mechanically (simply by replacing the metal anode in the battery). These batteries are more expensive compared to single-use batteries, but they have less environmental impact as they can be recycled instead of getting disposed of. These batteries are cost-effective over the long term as they have a higher discharge rate and higher energy density.
“By application, stationary power segment estimated to lead metal-air battery market from 2022 to 2027”
The energy industry has been investing in metal-air batteries preferably zinc-air and aluminum-air as a next-generation sustainable solution for grid energy storage. Energy storage systems have eventually evolved to assure energy transmission during the disruptions of grid services and blackouts. Metal-air batteries can be used as energy storage devices or as effective stations of energy transfer for renewable energy producers.
Due to their high scalability and energy density, metal-air batteries can be used in large-scale stationary energy storage applications preferably in combination with renewable wind or solar power systems to compensate for the intermittent nature of these renewable power sources. The potential for stationary energy storage to transform the electric power industry is anticipated to propel the development of emerging storage technologies that include metal-air batteries.
“Germany to dominate European metal-air battery market from 2022 to 2027”
Germany accounted for the largest share of the overall metal-air battery market in Europe in 2021. The market in this country is also expected to witness growth during the forecast period due to favorable government initiatives to develop metal-air battery technology and the need for clean, high-capacity, low-cost, green battery technologies for electric vehicles. Zinc-air batteries have received significant interest in recent years as one of the next-generation battery technologies that will probably replace current lithium-ion technologies. The increased demand for efficient, high-performance, eco-friendly, and safe energy storage solutions is driving the development of zinc-air battery technology.
Break-up of the profiles of primary participants:
By Company Type – Tier 1 – 25%, Tier 2 – 35%, and Tier 3 – 40%
By Designation – C-level Executives – 35%, Directors – 40%, and Others – 25%
By Region – North America - 30%, Europe – 20%, Asia Pacific – 45%, and RoW – 10%
Research Coverage:
The metal-air battery market has been segmented into metal, voltage, type, application, and region. The market has been studied for North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Reasons to buy the report:
Illustrative segmentation, analysis, and forecast of the market based on metal, voltage, type, application, and region have been conducted to give an overall view of the metal-air battery market.
A value chain analysis has been performed to provide in-depth insights into the metal-air battery market.
The key drivers, restraints, opportunities, and challenges pertaining to the metal-air battery market have been detailed in this report.
The report includes a detailed competitive landscape of the market, along with key players, as well as an in-depth analysis of their revenues.
Content
Table of Contents
INTRODUCTION26
1.1STUDY OBJECTIVES26
1.2DEFINITION AND SCOPE26
1.3INCLUSIONS AND EXCLUSIONS27
1.4STUDY SCOPE27
1.4.1MARKETS COVERED27
FIGURE 1METAL-AIR BATTERY MARKET: SEGMENTATION27
1.4.2YEARS CONSIDERED28
1.5CURRENCY CONSIDERED28
1.6STAKEHOLDERS28
1.7SUMMARY OF CHANGES29
2RESEARCH METHODOLOGY30
2.1RESEARCH DATA30
FIGURE 2METAL-AIR BATTERY MARKET: RESEARCH DESIGN30
2.1.1SECONDARY DATA31
2.1.1.1Major secondary sources31
2.1.1.2Key data from secondary sources32
2.1.2PRIMARY DATA32
2.1.2.1Primary interviews with experts32
2.1.2.2Key data from primary sources33
2.1.2.3Breakdown of primaries33
2.1.3SECONDARY AND PRIMARY RESEARCH34
2.1.3.1Key industry insights35
2.2MARKET SIZE ESTIMATION35
2.2.1BOTTOM-UP APPROACH36
2.2.1.1Approach for arriving at market size through bottom-up analysis (demand side)36
FIGURE 3BOTTOM-UP APPROACH36
2.2.2TOP-DOWN APPROACH37
2.2.2.1Approach for arriving at market size through top-down analysis (supply side)37
FIGURE 4TOP-DOWN APPROACH37
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS37
2.3MARKET BREAKDOWN AND DATA TRIANGULATION38
FIGURE 6DATA TRIANGULATION38
2.4RESEARCH ASSUMPTIONS AND LIMITATIONS39
2.4.1RESEARCH ASSUMPTIONS39
FIGURE 7ASSUMPTIONS FOR RESEARCH STUDY39
2.4.2LIMITATIONS39
2.5RISK ASSESSMENT39
3EXECUTIVE SUMMARY40
FIGURE 8GLOBAL METAL-AIR BATTERY MARKET, 2018–202740
FIGURE 9ZINC-AIR BATTERIES TO HOLD LARGEST MARKET SHARE DURING 2022–202741
FIGURE 10SECONDARY BATTERY SEGMENT ACCOUNTED FOR LARGER MARKET SHARE FOR METAL-AIR BATTERIES IN 202241
FIGURE 11METAL-AIR BATTERY MARKET FOR ELECTRONIC DEVICES TO ACCOUNT FOR LARGEST SHARE BY 202742
FIGURE 12ASIA PACIFIC HELD LARGEST SHARE OF METAL-AIR BATTERY MARKET IN 202143
4PREMIUM INSIGHTS44
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR KEY PLAYERS IN METAL-AIR BATTERY MARKET44
FIGURE 13INCREASING ADOPTION OF ELECTRONIC DEVICES TO FOSTER DEMAND FOR METAL-AIR BATTERIES44
4.2METAL-AIR BATTERY MARKET, BY METAL44
FIGURE 14ZINC-AIR BATTERIES TO HOLD LARGEST MARKET SHARE BY 202744
4.3METAL-AIR BATTERY MARKET, BY APPLICATION AND METAL45
FIGURE 15ELECTRONIC DEVICES AND ZINC TO BE LARGEST SHAREHOLDERS IN METAL-AIR BATTERY MARKET BY 202745
4.4METAL-AIR BATTERY MARKET, BY VOLTAGE45
FIGURE 16LOW VOLTAGE METAL-AIR BATTERIES TO DOMINATE MARKET DURING FORECAST PERIOD45
4.5METAL-AIR BATTERY MARKET, BY REGION46
FIGURE 17MARKET IN GERMANY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD46
5MARKET OVERVIEW47
5.1INTRODUCTION47
5.2MARKET DYNAMICS47
FIGURE 18METAL-AIR BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES47
5.2.1DRIVERS48
5.2.1.1Growth in demand for high energy-density storage solutions and inherent properties of metal-air batteries48
TABLE 1ELECTROCHEMICAL REACTIONS ASSOCIATED WITH VARIOUS METAL-AIR BATTERIES AND THEIR CORRESPONDING THEORETICAL ENERGY AND VOLTAGE48
5.2.1.2Increase in use of zinc-air batteries in electronic devices49
5.2.1.3Global shift toward green-energy sources49
FIGURE 19METAL-AIR BATTERY MARKET: IMPACT ANALYSIS OF DRIVERS50
5.2.2RESTRAINTS50
5.2.2.1Absence of proper standards for developing metal-air batteries50
5.2.2.2Massive deployment of lithium-ion batteries to divert focus from metal-air batteries50
FIGURE 20METAL-AIR BATTERY MARKET: IMPACT ANALYSIS OF RESTRAINTS51
5.2.3OPPORTUNITIES51
5.2.3.1Newer applications of metal-air batteries apart from electric vehicles51
5.2.3.2Substantial growth in demand for electric vehicles52
FIGURE 21METAL-AIR BATTERY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES53
5.2.4CHALLENGES53
5.2.4.1Corrosion between electrolyte and anode in zinc-air batteries53
5.2.4.2Rapid discharging of aluminum- and magnesium-air batteries53
FIGURE 22METAL-AIR BATTERY MARKET: IMPACT ANALYSIS OF CHALLENGES54
5.3VALUE CHAIN ANALYSIS54
FIGURE 23VALUE CHAIN ANALYSIS: METAL-AIR BATTERY MARKET54
5.4ECOSYSTEM ANALYSIS56
FIGURE 24METAL-AIR BATTERY MARKET: ECOSYSTEM56
TABLE 2METAL-AIR BATTERY MARKET PLAYERS: ROLE IN ECOSYSTEM57
5.5PRICING ANALYSIS58
5.5.1ASP ANALYSIS OF KEY PLAYERS58
FIGURE 25ASP OF ZINC-AIR BATTERIES BASED ON CAPACITY58
TABLE 3APPROXIMATE AVERAGE SELLING PRICES OF ZINC-AIR BATTERIES BASED ON CAPACITY, BY COMPANY (USD)58
5.5.2ASP TREND59
TABLE 4AVERAGE SELLING PRICES OF METAL-AIR BATTERIES59
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMERS59
FIGURE 26REVENUE SHIFT IN METAL-AIR BATTERY MARKET60
5.7TECHNOLOGY ANALYSIS60
5.7.1SODIUM-SULFUR BATTERIES60
5.7.2COBALT-FREE BATTERIES60
5.7.3SILICON-AIR BATTERIES60
5.7.4LIQUID-METAL BATTERIES61
5.8PORTER’S FIVE FORCES ANALYSIS61
TABLE 5METAL-AIR BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS61
5.9KEY STAKEHOLDERS AND BUYING CRITERIA62
5.9.1KEY STAKEHOLDERS IN BUYING PROCESS62
FIGURE 27INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR THREE MAJOR APPLICATIONS62
TABLE 6INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR THREE MAJOR APPLICATIONS (%)63
5.9.2BUYING CRITERIA63
FIGURE 28KEY BUYING CRITERIA FOR THREE MAJOR APPLICATIONS63
TABLE 7KEY BUYING CRITERIA FOR THREE MAJOR APPLICATIONS63
5.10CASE STUDY ANALYSIS64
TABLE 8ZINC8 ENERGY SOLUTIONS PROVIDED ZINC-AIR ENERGY STORAGE SYSTEM TO HELP POWER NEW YORK APARTMENT BUILDING64
TABLE 9ZINC8 ENERGY SOLUTIONS PROVIDED ZINC-AIR TECHNOLOGY TO OVERCOME DECARBONIZATION CHALLENGES IN NEW YORK CITY64
5.11TRADE ANALYSIS65
5.11.1IMPORT SCENARIO65
FIGURE 29IMPORTS, BY KEY COUNTRIES, 2017–2021 (USD MILLION)65
5.11.2EXPORT SCENARIO66
FIGURE 30EXPORTS, BY KEY COUNTRIES, 2017–2021 (USD MILLION)66
5.12PATENT ANALYSIS67
FIGURE 31TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS (2012–2021)67
TABLE 10TOP 20 PATENT OWNERS IN US (2012–2021)67
FIGURE 32NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 202168
TABLE 11LIST OF FEW PATENTS IN METAL-AIR BATTERY MARKET68
5.13KEY CONFERENCES AND EVENTS (2022–2023)70
TABLE 12METAL-AIR BATTERY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS70
5.14REGULATORY LANDSCAPE71
5.14.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO METAL-AIR BATTERIES71
TABLE 13NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 14EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS72
TABLE 15ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS73
5.14.2STANDARDS AND REGULATIONS RELATED TO METAL-AIR BATTERIES73
TABLE 16NORTH AMERICA: SAFETY STANDARDS FOR METAL-AIR BATTERY MARKET74
TABLE 17EUROPE: SAFETY STANDARDS FOR METAL-AIR BATTERY MARKET74
TABLE 18ASIA PACIFIC: SAFETY STANDARDS FOR METAL-AIR BATTERY MARKET75
6COMPONENTS OF METAL-AIR BATTERIES76
6.1INTRODUCTION76
FIGURE 33COMPONENTS OF METAL-AIR BATTERIES76
6.2ANODE76
6.3CATHODE77
6.4ELECTROLYTE77
6.5OTHERS77
7METAL-AIR BATTERY MARKET, BY METAL78
7.1INTRODUCTION79
FIGURE 34METAL-AIR BATTERY MARKET, BY METAL79
FIGURE 35ZINC-AIR BATTERY TO CONTRIBUTE LARGEST MARKET SHARE DURING FORECAST PERIOD79
TABLE 19METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)80
TABLE 20METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)80
7.2ZINC81
7.2.1SUBSTANTIAL APPLICATIONS IN ELECTRONIC DEVICES81
TABLE 21ZINC: METAL-AIR BATTERY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)81
TABLE 22ZINC: METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)82
TABLE 23ZINC: METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)82
TABLE 24ZINC: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)82
7.3LITHIUM83
7.3.1GREAT POWER SOLUTION FOR MILITARY APPLICATIONS83
TABLE 25LITHIUM: METAL-AIR BATTERY MARKET, BY APPLICATION, 2024–2027 (USD MILLION)83
TABLE 26LITHIUM: METAL-AIR BATTERY MARKET, BY REGION, 2024–2027 (USD MILLION)84
7.4ALUMINUM84
7.4.1INCREASING ADOPTION OF ELECTRIC VEHICLES TO ACCELERATE DEMAND84
TABLE 27ALUMINUM: METAL-AIR BATTERY MARKET, BY APPLICATION, 2018−2021 (USD MILLION)85
TABLE 28ALUMINUM: METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)85
TABLE 29ALUMINUM: METAL-AIR BATTERY MARKET, BY REGION, 2018−2021 (USD MILLION)85
TABLE 30ALUMINUM: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)86
7.5IRON86
7.5.1GROWING USE OF IRON-AIR BATTERIES OWING TO LOW COST, LONG OPERATIONAL LIFE, AND SAFE OPERATIONS86
TABLE 31IRON: METAL-AIR BATTERY MARKET, BY APPLICATION, 2023–2027 (USD MILLION)86
TABLE 32IRON: METAL-AIR BATTERY MARKET, BY REGION, 2023–2027 (USD MILLION)87
7.6OTHERS87
TABLE 33OTHERS: METAL-AIR BATTERY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)88
TABLE 34OTHERS: METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)88
TABLE 35OTHERS: METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)89
TABLE 36OTHERS: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)89
8METAL-AIR BATTERY MARKET, BY VOLTAGE90
8.1INTRODUCTION91
FIGURE 36METAL-AIR BATTERY MARKET, BY VOLTAGE91
FIGURE 37LOW-VOLTAGE BATTERIES TO LEAD METAL-AIR BATTERY MARKET IN 202291
TABLE 37METAL-AIR BATTERY MARKET, BY VOLTAGE, 2018–2021 (USD MILLION)92
TABLE 38METAL-AIR BATTERY MARKET, BY VOLTAGE, 2022–2027 (USD MILLION)92
8.2LOW (<12 V)92
8.2.1SUBSTANTIAL APPLICATIONS IN ELECTRONIC DEVICES92
8.3MEDIUM (12–36 V)93
8.3.1GROWING DEMAND FOR REMOTE MONITORING AND MILITARY ELECTRONICS APPLICATIONS93
8.4HIGH (>36 V)93
8.4.1SIGNIFICANT USE IN ELECTRIC VEHICLES93
9METAL-AIR BATTERY MARKET, BY TYPE94
9.1INTRODUCTION95
FIGURE 38METAL-AIR BATTERY MARKET, BY TYPE95
FIGURE 39SECONDARY BATTERIES TO LEAD METAL-AIR BATTERY MARKET DURING FORECAST PERIOD95
TABLE 39METAL-AIR BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)96
TABLE 40METAL-AIR BATTERY MARKET, BY TYPE, 2022–2027 (USD MILLION)96
9.2PRIMARY96
9.2.1PRIMARY BATTERIES HAVE SHORTER LIFE SPAN96
9.3SECONDARY97
9.3.1IMMENSE OPPORTUNITIES IN ELECTRIC VEHICLES97
10METAL-AIR BATTERY MARKET, BY APPLICATION98
10.1INTRODUCTION99
FIGURE 40METAL-AIR BATTERY MARKET, BY APPLICATION99
FIGURE 41ELECTRONIC DEVICES TO LEAD METAL-AIR BATTERY MARKET DURING FORECAST PERIOD99
TABLE 41METAL-AIR BATTERY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)100
TABLE 42METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)100
10.2ELECTRIC VEHICLES101
10.2.1ANTICIPATED DEMAND FOR METAL-AIR BATTERIES DUE TO HIGH-POWER DENSITY AND THERMAL STABILITY101
TABLE 43ELECTRIC VEHICLES: METAL-AIR BATTERY MARKET, BY METAL, 2026–2027 (USD MILLION)101
TABLE 44ELECTRIC VEHICLES: METAL-AIR BATTERY MARKET, BY TYPE, 2026–2027 (USD MILLION)101
TABLE 45ELECTRIC VEHICLES: METAL-AIR BATTERY MARKET, BY REGION, 2026–2027 (USD MILLION)102
10.3MILITARY ELECTRONICS102
10.3.1METAL-AIR BATTERIES HAVE SIGNIFICANT APPLICATIONS IN COMMUNICATION DEVICES, RADIOS, AND GUIDED MISSILES102
FIGURE 42NORTH AMERICA TO HOLD LARGEST SHARE OF METAL-AIR BATTERY MARKET FOR MILITARY ELECTRONICS DURING 2022−2027103
TABLE 46MILITARY ELECTRONICS: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)103
TABLE 47MILITARY ELECTRONICS: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)103
TABLE 48MILITARY ELECTRONICS: METAL-AIR BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)104
TABLE 49MILITARY ELECTRONICS: METAL-AIR BATTERY MARKET, BY TYPE, 2022–2027 (USD MILLION)104
TABLE 50MILITARY ELECTRONICS: METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)104
TABLE 51MILITARY ELECTRONICS: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)105
10.4ELECTRONIC DEVICES105
10.4.1INCREASING ADOPTION OF ELECTRONIC DEVICES DUE TO HIGH OUTPUT, HIGH-ENERGY DENSITY, AND LOW DISCHARGING RATE105
TABLE 52ELECTRONIC DEVICES: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)106
TABLE 53ELECTRONIC DEVICES: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)106
TABLE 54ELECTRONIC DEVICES: METAL-AIR BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)106
TABLE 55ELECTRONIC DEVICES: METAL-AIR BATTERY MARKET, BY TYPE, 2022–2027 (USD MILLION)107
TABLE 56ELECTRONIC DEVICES: METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)107
TABLE 57ELECTRONIC DEVICES: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)107
10.5STATIONARY POWER108
10.5.1METAL-AIR BATTERIES USED FOR GRID-LEVEL ELECTRICAL ENERGY STORAGE108
TABLE 58STATIONARY POWER: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)108
TABLE 59STATIONARY POWER: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)109
TABLE 60STATIONARY POWER: METAL-AIR BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)109
TABLE 61STATIONARY POWER: METAL-AIR BATTERY MARKET, BY TYPE, 2022–2027 (USD MILLION)109
TABLE 62STATIONARY POWER: METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)110
TABLE 63STATIONARY POWER: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)110
10.6OTHERS110
TABLE 64OTHERS: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)111
TABLE 65OTHERS: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)111
TABLE 66OTHERS: METAL-AIR BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)111
TABLE 67OTHERS: METAL-AIR BATTERY MARKET, BY TYPE, 2022–2027 (USD MILLION)112
TABLE 68OTHERS: METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)112
TABLE 69OTHERS: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)112
11METAL-AIR BATTERY MARKET, BY REGION113
11.1INTRODUCTION114
FIGURE 43METAL-AIR BATTERY MARKET IN GERMANY TO GROW AT HIGHEST CAGR FROM 2022 TO 2027114
TABLE 70METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)114
TABLE 71METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)115
11.2NORTH AMERICA115
FIGURE 44NORTH AMERICA: METAL-AIR BATTERY MARKET SNAPSHOT116
TABLE 72NORTH AMERICA: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)116
TABLE 73NORTH AMERICA: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)117
TABLE 74NORTH AMERICA: METAL-AIR BATTERY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)117
TABLE 75NORTH AMERICA: METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)118
TABLE 76NORTH AMERICA: METAL-AIR BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)118
TABLE 77NORTH AMERICA: METAL-AIR BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)118
11.2.1US119
11.2.1.1Government and private sector focusing on new energy storage technologies119
11.2.2CANADA119
11.2.2.1Growing investments in start-ups119
11.2.3MEXICO120
11.2.3.1Growing demand for electric vehicles120
11.3EUROPE120
FIGURE 45EUROPE: METAL-AIR BATTERY MARKET SNAPSHOT121
TABLE 78EUROPE: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)121
TABLE 79EUROPE: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)122
TABLE 80EUROPE: METAL-AIR BATTERY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)122
TABLE 81EUROPE: METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)123
TABLE 82EUROPE: METAL-AIR BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)123
TABLE 83EUROPE: METAL-AIR BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)123
11.3.1UK124
11.3.1.1Government initiatives to promote metal-air batteries124
11.3.2FRANCE124
11.3.2.1France expected to hold significant share of European metal-air battery market124
11.3.3GERMANY125
11.3.3.1Country's automotive industry to drive metal-air battery market125
11.3.4REST OF EUROPE125
11.4ASIA PACIFIC125
FIGURE 46ASIA PACIFIC: METAL-AIR BATTERY MARKET SNAPSHOT126
TABLE 84ASIA PACIFIC: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)126
TABLE 85ASIA PACIFIC: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)127
TABLE 86ASIA PACIFIC: METAL-AIR BATTERY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)127
TABLE 87ASIA PACIFIC: METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)128
TABLE 88ASIA PACIFIC: METAL-AIR BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)128
TABLE 89ASIA PACIFIC: METAL-AIR BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)128
11.4.1CHINA129
11.4.1.1Consumer electronics industry to support market growth129
11.4.2INDIA129
11.4.2.1Ongoing partnerships and collaborations among metal-air battery players129
11.4.3JAPAN130
11.4.3.1Growing focus on adoption of modern technologies and presence of major battery manufacturers130
11.4.4REST OF ASIA PACIFIC130
11.5ROW130
TABLE 90ROW: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)131
TABLE 91ROW: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)131
TABLE 92ROW: METAL-AIR BATTERY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)131
TABLE 93ROW: METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)132
TABLE 94ROW: METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)132
TABLE 95ROW: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)132
11.5.1MIDDLE EAST133
TABLE 96MIDDLE EAST: METAL-AIR BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)133
TABLE 97MIDDLE EAST: METAL-AIR BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)133
11.5.1.1UAE133
11.5.1.1.1UAE expected to account for largest market share in Middle East133
11.5.1.2Saudi Arabia134
11.5.1.2.1Government initiatives to promote clean energy134
11.5.1.3Rest of the Middle East134
11.5.2AFRICA134
11.5.2.1High emphasis on clean energy to stimulate market growth134
11.5.3SOUTH AMERICA134
11.5.3.1Foreign investments in energy sector134
12COMPETITIVE LANDSCAPE135
12.1OVERVIEW135
12.2STRATEGIES OF KEY PLAYERS/RIGHT-TO-WIN135
TABLE 98OVERVIEW OF STRATEGIES DEPLOYED BY KEY METAL-AIR BATTERY MANUFACTURERS135
12.3REVENUE ANALYSIS OF TOP COMPANIES136
FIGURE 47FIVE-YEAR COMPANY REVENUE ANALYSIS136
12.4MARKET SHARE ANALYSIS136
TABLE 99MARKET SHARE OF TOP FIVE PLAYERS IN METAL-AIR BATTERY MARKET, 2021136
12.5KEY COMPETITIVE EVALUATION QUADRANT138
12.5.1STARS138
12.5.2EMERGING LEADERS138
12.5.3PERVASIVE PLAYERS138
12.5.4PARTICIPANTS138
FIGURE 48METAL-AIR BATTERY MARKET (GLOBAL) KEY COMPANY EVALUATION QUADRANT, 2021139
12.6SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2021140
12.6.1PROGRESSIVE COMPANIES140
12.6.2RESPONSIVE COMPANIES140
12.6.3DYNAMIC COMPANIES140
12.6.4STARTING BLOCKS140
FIGURE 49METAL-AIR BATTERY MARKET (GLOBAL) SME EVALUATION QUADRANT, 2021141
12.7METAL-AIR BATTERY MARKET: COMPANY FOOTPRINT142
TABLE 100OVERALL COMPANY FOOTPRINT142
TABLE 101COMPANY METAL FOOTPRINT143
TABLE 102COMPANY APPLICATION FOOTPRINT144
TABLE 103COMPANY REGION FOOTPRINT145
12.8COMPETITIVE BENCHMARKING146
TABLE 104METAL-AIR BATTERY MARKET: LIST OF KEY START-UPS/SMES146
TABLE 105METAL-AIR BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES147
12.9COMPETITIVE SCENARIO147
TABLE 106METAL-AIR BATTERY MARKET: PRODUCT LAUNCHES, 2021−2022147
TABLE 107METAL-AIR BATTERY MARKET: DEALS, 2019–2022148
13COMPANY PROFILES149
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
13.1KEY PLAYERS149
13.1.1GP BATTERIES INTERNATIONAL149
TABLE 108GP BATTERIES INTERNATIONAL: BUSINESS OVERVIEW149
TABLE 109GP BATTERIES INTERNATIONAL: PRODUCT/SERVICE/SOLUTION OFFERINGS149
13.1.2AROTECH CORPORATION151
TABLE 110AROTECH CORPORATION: BUSINESS OVERVIEW151
TABLE 111AROTECH CORPORATION: PRODUCT/SERVICE/SOLUTION OFFERINGS151
13.1.3ENERGIZER HOLDINGS153
TABLE 112ENERGIZER HOLDINGS: BUSINESS OVERVIEW153
FIGURE 50ENERGIZER HOLDING: COMPANY SNAPSHOT154
TABLE 113ENERGIZER HOLDINGS: PRODUCT/SERVICE/SOLUTION OFFERINGS154
TABLE 114ENERGIZER HOLDINGS INC: DEALS155
13.1.4DURACELL156
TABLE 115DURACELL: BUSINESS OVERVIEW156
TABLE 116DURACELL: PRODUCT/SERVICE/SOLUTION OFFERINGS156
13.1.5RENATA SA158
TABLE 117RENATA SA: BUSINESS OVERVIEW158
TABLE 118RENATA SA: PRODUCT/SERVICE/SOLUTION OFFERINGS158
13.1.6PHINERGY160
TABLE 119PHINERGY: BUSINESS OVERVIEW160
TABLE 120PHINERGY: PRODUCT/SERVICE/SOLUTION OFFERINGS160
TABLE 121PHINERGY: DEALS161
13.1.7LOG 9 MATERIALS162
TABLE 122LOG 9 MATERIALS: BUSINESS OVERVIEW162
TABLE 123LOG 9 MATERIALS: PRODUCT/SERVICE/SOLUTION OFFERINGS162
TABLE 124LOG 9 MATERIALS: DEALS162
13.1.8POLYPLUS BATTERY164
TABLE 125POLYPLUS BATTERY: BUSINESS OVERVIEW164
TABLE 126POLYPLUS BATTERY: PRODUCT/SERVICE/SOLUTION OFFERINGS164
TABLE 127POLYPLUS BATTERY: PRODUCT LAUNCHES164
13.1.9ZINC8 ENERGY SOLUTIONS165
TABLE 128ZINC8 ENERGY SOLUTIONS: BUSINESS OVERVIEW165
TABLE 129ZINC8 ENERGY SOLUTIONS: PRODUCT/SERVICE/SOLUTION OFFERINGS165
TABLE 130ZINC8 ENERGY SOLUTIONS: PRODUCT LAUNCHES166
TABLE 131ZINC8 ENERGY SOLUTIONS: DEALS166
13.1.10PANASONIC BATTERIES167
TABLE 132PANASONIC BATTERIES: BUSINESS OVERVIEW167
TABLE 133PANASONIC BATTERIES: PRODUCT/SERVICE/SOLUTION OFFERINGS167
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13.2OTHER PLAYERS168
13.2.1AZA BATTERY168
TABLE 134AZA BATTERY: COMPANY OVERVIEW168
13.2.2CEGASA ENERGIA, S.L.U.168
TABLE 135CEGASA ENERGIA, S.L.U: COMPANY OVERVIEW168
13.2.3ENZINC169
TABLE 136ENZINC: COMPANY OVERVIEW169
13.2.4EVERZINC169
TABLE 137EVERZINC: COMPANY OVERVIEW169
13.2.5EXCELLATRON SOLID STATE170
TABLE 138EXCELLATRON SOLID STATE: COMPANY OVERVIEW170
13.2.6E-ZINC170
TABLE 139E-ZINC: COMPANY OVERVIEW170
13.2.7GUANGDONG TIANQIU ELECTRONICS TECHNOLOGY171
TABLE 140GUANGDONG TIANQIU ELECTRONICS TECHNOLOGY: COMPANY OVERVIEW171
13.2.8ISKRA171
TABLE 141ISKRA: COMPANY OVERVIEW171
13.2.9MAG ONE PRODUCTS172
TABLE 142MAG ONE PRODUCTS: COMPANY OVERVIEW172
13.2.10MAL RESEARCH AND DEVELOPMENT172
TABLE 143MAL RESEARCH AND DEVELOPMENT: COMPANY OVERVIEW172
13.2.11PHINERGY MARINE173
TABLE 144PHINERGY MARINE: COMPANY OVERVIEW173
13.2.12RIALAIR173
TABLE 145RIALAIR: COMPANY OVERVIEW173
13.2.13THUNDERZEE174
TABLE 146THUNDERZEE: COMPANY OVERVIEW174
13.2.14ZAF ENERGY SYSTEMS174
TABLE 147ZAF ENERGY SYSTEMS: COMPANY OVERVIEW174
13.2.15ZENIPOWER175
TABLE 148ZENIPOWER: COMPANY OVERVIEW175
14ADJACENT MARKET176
14.1BATTERY ENERGY STORAGE SYSTEM MARKET176
14.2INTRODUCTION176
FIGURE 51BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT176
FIGURE 52BATTERY SEGMENT TO HOLD LARGER SHARE OF BATTERY ENERGY STORAGE SYSTEM MARKET DURING FORECAST PERIOD177
TABLE 149BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT, 2018–2021 (USD MILLION)177
TABLE 150BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT, 2022–2027 (USD MILLION)177
14.3BATTERY178
14.3.1BATTERY SELECTION IS CRUCIAL FOR DEVELOPMENT OF BATTERY ENERGY STORAGE SYSTEMS178
FIGURE 53CRITERIA FOR BATTERY SELECTION178
14.4OTHER ELEMENTS179
14.4.1HARDWARE179
14.4.1.1Power conversion systems and battery management systems are essential components179
FIGURE 54LAYOUT OF BATTERY ENERGY STORAGE SYSTEM180
14.4.2OTHERS180
14.4.2.1Before commissioning BESS, EPC and development services are essential180
15APPENDIX181
15.1INSIGHTS OF INDUSTRY EXPERTS181
15.2DISCUSSION GUIDE182
15.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL184
15.4AVAILABLE CUSTOMIZATIONS186
15.5RELATED REPORTS186
15.6AUTHOR DETAILS187
“By type, secondary segment led metal-air battery market in 2021”
Secondary metal-air batteries are rechargeable batteries. They can be recharged electrically or mechanically (simply by replacing the metal anode in the battery). These batteries are more expensive compared to single-use batteries, but they have less environmental impact as they can be recycled instead of getting disposed of. These batteries are cost-effective over the long term as they have a higher discharge rate and higher energy density.
“By application, stationary power segment estimated to lead metal-air battery market from 2022 to 2027”
The energy industry has been investing in metal-air batteries preferably zinc-air and aluminum-air as a next-generation sustainable solution for grid energy storage. Energy storage systems have eventually evolved to assure energy transmission during the disruptions of grid services and blackouts. Metal-air batteries can be used as energy storage devices or as effective stations of energy transfer for renewable energy producers.
Due to their high scalability and energy density, metal-air batteries can be used in large-scale stationary energy storage applications preferably in combination with renewable wind or solar power systems to compensate for the intermittent nature of these renewable power sources. The potential for stationary energy storage to transform the electric power industry is anticipated to propel the development of emerging storage technologies that include metal-air batteries.
“Germany to dominate European metal-air battery market from 2022 to 2027”
Germany accounted for the largest share of the overall metal-air battery market in Europe in 2021. The market in this country is also expected to witness growth during the forecast period due to favorable government initiatives to develop metal-air battery technology and the need for clean, high-capacity, low-cost, green battery technologies for electric vehicles. Zinc-air batteries have received significant interest in recent years as one of the next-generation battery technologies that will probably replace current lithium-ion technologies. The increased demand for efficient, high-performance, eco-friendly, and safe energy storage solutions is driving the development of zinc-air battery technology.
Break-up of the profiles of primary participants:
By Company Type – Tier 1 – 25%, Tier 2 – 35%, and Tier 3 – 40%
By Designation – C-level Executives – 35%, Directors – 40%, and Others – 25%
By Region – North America - 30%, Europe – 20%, Asia Pacific – 45%, and RoW – 10%
Research Coverage:
The metal-air battery market has been segmented into metal, voltage, type, application, and region. The market has been studied for North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Reasons to buy the report:
Illustrative segmentation, analysis, and forecast of the market based on metal, voltage, type, application, and region have been conducted to give an overall view of the metal-air battery market.
A value chain analysis has been performed to provide in-depth insights into the metal-air battery market.
The key drivers, restraints, opportunities, and challenges pertaining to the metal-air battery market have been detailed in this report.
The report includes a detailed competitive landscape of the market, along with key players, as well as an in-depth analysis of their revenues.
INTRODUCTION26
1.1STUDY OBJECTIVES26
1.2DEFINITION AND SCOPE26
1.3INCLUSIONS AND EXCLUSIONS27
1.4STUDY SCOPE27
1.4.1MARKETS COVERED27
FIGURE 1METAL-AIR BATTERY MARKET: SEGMENTATION27
1.4.2YEARS CONSIDERED28
1.5CURRENCY CONSIDERED28
1.6STAKEHOLDERS28
1.7SUMMARY OF CHANGES29
2RESEARCH METHODOLOGY30
2.1RESEARCH DATA30
FIGURE 2METAL-AIR BATTERY MARKET: RESEARCH DESIGN30
2.1.1SECONDARY DATA31
2.1.1.1Major secondary sources31
2.1.1.2Key data from secondary sources32
2.1.2PRIMARY DATA32
2.1.2.1Primary interviews with experts32
2.1.2.2Key data from primary sources33
2.1.2.3Breakdown of primaries33
2.1.3SECONDARY AND PRIMARY RESEARCH34
2.1.3.1Key industry insights35
2.2MARKET SIZE ESTIMATION35
2.2.1BOTTOM-UP APPROACH36
2.2.1.1Approach for arriving at market size through bottom-up analysis (demand side)36
FIGURE 3BOTTOM-UP APPROACH36
2.2.2TOP-DOWN APPROACH37
2.2.2.1Approach for arriving at market size through top-down analysis (supply side)37
FIGURE 4TOP-DOWN APPROACH37
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS37
2.3MARKET BREAKDOWN AND DATA TRIANGULATION38
FIGURE 6DATA TRIANGULATION38
2.4RESEARCH ASSUMPTIONS AND LIMITATIONS39
2.4.1RESEARCH ASSUMPTIONS39
FIGURE 7ASSUMPTIONS FOR RESEARCH STUDY39
2.4.2LIMITATIONS39
2.5RISK ASSESSMENT39
3EXECUTIVE SUMMARY40
FIGURE 8GLOBAL METAL-AIR BATTERY MARKET, 2018–202740
FIGURE 9ZINC-AIR BATTERIES TO HOLD LARGEST MARKET SHARE DURING 2022–202741
FIGURE 10SECONDARY BATTERY SEGMENT ACCOUNTED FOR LARGER MARKET SHARE FOR METAL-AIR BATTERIES IN 202241
FIGURE 11METAL-AIR BATTERY MARKET FOR ELECTRONIC DEVICES TO ACCOUNT FOR LARGEST SHARE BY 202742
FIGURE 12ASIA PACIFIC HELD LARGEST SHARE OF METAL-AIR BATTERY MARKET IN 202143
4PREMIUM INSIGHTS44
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR KEY PLAYERS IN METAL-AIR BATTERY MARKET44
FIGURE 13INCREASING ADOPTION OF ELECTRONIC DEVICES TO FOSTER DEMAND FOR METAL-AIR BATTERIES44
4.2METAL-AIR BATTERY MARKET, BY METAL44
FIGURE 14ZINC-AIR BATTERIES TO HOLD LARGEST MARKET SHARE BY 202744
4.3METAL-AIR BATTERY MARKET, BY APPLICATION AND METAL45
FIGURE 15ELECTRONIC DEVICES AND ZINC TO BE LARGEST SHAREHOLDERS IN METAL-AIR BATTERY MARKET BY 202745
4.4METAL-AIR BATTERY MARKET, BY VOLTAGE45
FIGURE 16LOW VOLTAGE METAL-AIR BATTERIES TO DOMINATE MARKET DURING FORECAST PERIOD45
4.5METAL-AIR BATTERY MARKET, BY REGION46
FIGURE 17MARKET IN GERMANY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD46
5MARKET OVERVIEW47
5.1INTRODUCTION47
5.2MARKET DYNAMICS47
FIGURE 18METAL-AIR BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES47
5.2.1DRIVERS48
5.2.1.1Growth in demand for high energy-density storage solutions and inherent properties of metal-air batteries48
TABLE 1ELECTROCHEMICAL REACTIONS ASSOCIATED WITH VARIOUS METAL-AIR BATTERIES AND THEIR CORRESPONDING THEORETICAL ENERGY AND VOLTAGE48
5.2.1.2Increase in use of zinc-air batteries in electronic devices49
5.2.1.3Global shift toward green-energy sources49
FIGURE 19METAL-AIR BATTERY MARKET: IMPACT ANALYSIS OF DRIVERS50
5.2.2RESTRAINTS50
5.2.2.1Absence of proper standards for developing metal-air batteries50
5.2.2.2Massive deployment of lithium-ion batteries to divert focus from metal-air batteries50
FIGURE 20METAL-AIR BATTERY MARKET: IMPACT ANALYSIS OF RESTRAINTS51
5.2.3OPPORTUNITIES51
5.2.3.1Newer applications of metal-air batteries apart from electric vehicles51
5.2.3.2Substantial growth in demand for electric vehicles52
FIGURE 21METAL-AIR BATTERY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES53
5.2.4CHALLENGES53
5.2.4.1Corrosion between electrolyte and anode in zinc-air batteries53
5.2.4.2Rapid discharging of aluminum- and magnesium-air batteries53
FIGURE 22METAL-AIR BATTERY MARKET: IMPACT ANALYSIS OF CHALLENGES54
5.3VALUE CHAIN ANALYSIS54
FIGURE 23VALUE CHAIN ANALYSIS: METAL-AIR BATTERY MARKET54
5.4ECOSYSTEM ANALYSIS56
FIGURE 24METAL-AIR BATTERY MARKET: ECOSYSTEM56
TABLE 2METAL-AIR BATTERY MARKET PLAYERS: ROLE IN ECOSYSTEM57
5.5PRICING ANALYSIS58
5.5.1ASP ANALYSIS OF KEY PLAYERS58
FIGURE 25ASP OF ZINC-AIR BATTERIES BASED ON CAPACITY58
TABLE 3APPROXIMATE AVERAGE SELLING PRICES OF ZINC-AIR BATTERIES BASED ON CAPACITY, BY COMPANY (USD)58
5.5.2ASP TREND59
TABLE 4AVERAGE SELLING PRICES OF METAL-AIR BATTERIES59
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMERS59
FIGURE 26REVENUE SHIFT IN METAL-AIR BATTERY MARKET60
5.7TECHNOLOGY ANALYSIS60
5.7.1SODIUM-SULFUR BATTERIES60
5.7.2COBALT-FREE BATTERIES60
5.7.3SILICON-AIR BATTERIES60
5.7.4LIQUID-METAL BATTERIES61
5.8PORTER’S FIVE FORCES ANALYSIS61
TABLE 5METAL-AIR BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS61
5.9KEY STAKEHOLDERS AND BUYING CRITERIA62
5.9.1KEY STAKEHOLDERS IN BUYING PROCESS62
FIGURE 27INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR THREE MAJOR APPLICATIONS62
TABLE 6INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR THREE MAJOR APPLICATIONS (%)63
5.9.2BUYING CRITERIA63
FIGURE 28KEY BUYING CRITERIA FOR THREE MAJOR APPLICATIONS63
TABLE 7KEY BUYING CRITERIA FOR THREE MAJOR APPLICATIONS63
5.10CASE STUDY ANALYSIS64
TABLE 8ZINC8 ENERGY SOLUTIONS PROVIDED ZINC-AIR ENERGY STORAGE SYSTEM TO HELP POWER NEW YORK APARTMENT BUILDING64
TABLE 9ZINC8 ENERGY SOLUTIONS PROVIDED ZINC-AIR TECHNOLOGY TO OVERCOME DECARBONIZATION CHALLENGES IN NEW YORK CITY64
5.11TRADE ANALYSIS65
5.11.1IMPORT SCENARIO65
FIGURE 29IMPORTS, BY KEY COUNTRIES, 2017–2021 (USD MILLION)65
5.11.2EXPORT SCENARIO66
FIGURE 30EXPORTS, BY KEY COUNTRIES, 2017–2021 (USD MILLION)66
5.12PATENT ANALYSIS67
FIGURE 31TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS (2012–2021)67
TABLE 10TOP 20 PATENT OWNERS IN US (2012–2021)67
FIGURE 32NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 202168
TABLE 11LIST OF FEW PATENTS IN METAL-AIR BATTERY MARKET68
5.13KEY CONFERENCES AND EVENTS (2022–2023)70
TABLE 12METAL-AIR BATTERY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS70
5.14REGULATORY LANDSCAPE71
5.14.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO METAL-AIR BATTERIES71
TABLE 13NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS71
TABLE 14EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS72
TABLE 15ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS73
5.14.2STANDARDS AND REGULATIONS RELATED TO METAL-AIR BATTERIES73
TABLE 16NORTH AMERICA: SAFETY STANDARDS FOR METAL-AIR BATTERY MARKET74
TABLE 17EUROPE: SAFETY STANDARDS FOR METAL-AIR BATTERY MARKET74
TABLE 18ASIA PACIFIC: SAFETY STANDARDS FOR METAL-AIR BATTERY MARKET75
6COMPONENTS OF METAL-AIR BATTERIES76
6.1INTRODUCTION76
FIGURE 33COMPONENTS OF METAL-AIR BATTERIES76
6.2ANODE76
6.3CATHODE77
6.4ELECTROLYTE77
6.5OTHERS77
7METAL-AIR BATTERY MARKET, BY METAL78
7.1INTRODUCTION79
FIGURE 34METAL-AIR BATTERY MARKET, BY METAL79
FIGURE 35ZINC-AIR BATTERY TO CONTRIBUTE LARGEST MARKET SHARE DURING FORECAST PERIOD79
TABLE 19METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)80
TABLE 20METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)80
7.2ZINC81
7.2.1SUBSTANTIAL APPLICATIONS IN ELECTRONIC DEVICES81
TABLE 21ZINC: METAL-AIR BATTERY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)81
TABLE 22ZINC: METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)82
TABLE 23ZINC: METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)82
TABLE 24ZINC: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)82
7.3LITHIUM83
7.3.1GREAT POWER SOLUTION FOR MILITARY APPLICATIONS83
TABLE 25LITHIUM: METAL-AIR BATTERY MARKET, BY APPLICATION, 2024–2027 (USD MILLION)83
TABLE 26LITHIUM: METAL-AIR BATTERY MARKET, BY REGION, 2024–2027 (USD MILLION)84
7.4ALUMINUM84
7.4.1INCREASING ADOPTION OF ELECTRIC VEHICLES TO ACCELERATE DEMAND84
TABLE 27ALUMINUM: METAL-AIR BATTERY MARKET, BY APPLICATION, 2018−2021 (USD MILLION)85
TABLE 28ALUMINUM: METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)85
TABLE 29ALUMINUM: METAL-AIR BATTERY MARKET, BY REGION, 2018−2021 (USD MILLION)85
TABLE 30ALUMINUM: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)86
7.5IRON86
7.5.1GROWING USE OF IRON-AIR BATTERIES OWING TO LOW COST, LONG OPERATIONAL LIFE, AND SAFE OPERATIONS86
TABLE 31IRON: METAL-AIR BATTERY MARKET, BY APPLICATION, 2023–2027 (USD MILLION)86
TABLE 32IRON: METAL-AIR BATTERY MARKET, BY REGION, 2023–2027 (USD MILLION)87
7.6OTHERS87
TABLE 33OTHERS: METAL-AIR BATTERY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)88
TABLE 34OTHERS: METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)88
TABLE 35OTHERS: METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)89
TABLE 36OTHERS: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)89
8METAL-AIR BATTERY MARKET, BY VOLTAGE90
8.1INTRODUCTION91
FIGURE 36METAL-AIR BATTERY MARKET, BY VOLTAGE91
FIGURE 37LOW-VOLTAGE BATTERIES TO LEAD METAL-AIR BATTERY MARKET IN 202291
TABLE 37METAL-AIR BATTERY MARKET, BY VOLTAGE, 2018–2021 (USD MILLION)92
TABLE 38METAL-AIR BATTERY MARKET, BY VOLTAGE, 2022–2027 (USD MILLION)92
8.2LOW (<12 V)92
8.2.1SUBSTANTIAL APPLICATIONS IN ELECTRONIC DEVICES92
8.3MEDIUM (12–36 V)93
8.3.1GROWING DEMAND FOR REMOTE MONITORING AND MILITARY ELECTRONICS APPLICATIONS93
8.4HIGH (>36 V)93
8.4.1SIGNIFICANT USE IN ELECTRIC VEHICLES93
9METAL-AIR BATTERY MARKET, BY TYPE94
9.1INTRODUCTION95
FIGURE 38METAL-AIR BATTERY MARKET, BY TYPE95
FIGURE 39SECONDARY BATTERIES TO LEAD METAL-AIR BATTERY MARKET DURING FORECAST PERIOD95
TABLE 39METAL-AIR BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)96
TABLE 40METAL-AIR BATTERY MARKET, BY TYPE, 2022–2027 (USD MILLION)96
9.2PRIMARY96
9.2.1PRIMARY BATTERIES HAVE SHORTER LIFE SPAN96
9.3SECONDARY97
9.3.1IMMENSE OPPORTUNITIES IN ELECTRIC VEHICLES97
10METAL-AIR BATTERY MARKET, BY APPLICATION98
10.1INTRODUCTION99
FIGURE 40METAL-AIR BATTERY MARKET, BY APPLICATION99
FIGURE 41ELECTRONIC DEVICES TO LEAD METAL-AIR BATTERY MARKET DURING FORECAST PERIOD99
TABLE 41METAL-AIR BATTERY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)100
TABLE 42METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)100
10.2ELECTRIC VEHICLES101
10.2.1ANTICIPATED DEMAND FOR METAL-AIR BATTERIES DUE TO HIGH-POWER DENSITY AND THERMAL STABILITY101
TABLE 43ELECTRIC VEHICLES: METAL-AIR BATTERY MARKET, BY METAL, 2026–2027 (USD MILLION)101
TABLE 44ELECTRIC VEHICLES: METAL-AIR BATTERY MARKET, BY TYPE, 2026–2027 (USD MILLION)101
TABLE 45ELECTRIC VEHICLES: METAL-AIR BATTERY MARKET, BY REGION, 2026–2027 (USD MILLION)102
10.3MILITARY ELECTRONICS102
10.3.1METAL-AIR BATTERIES HAVE SIGNIFICANT APPLICATIONS IN COMMUNICATION DEVICES, RADIOS, AND GUIDED MISSILES102
FIGURE 42NORTH AMERICA TO HOLD LARGEST SHARE OF METAL-AIR BATTERY MARKET FOR MILITARY ELECTRONICS DURING 2022−2027103
TABLE 46MILITARY ELECTRONICS: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)103
TABLE 47MILITARY ELECTRONICS: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)103
TABLE 48MILITARY ELECTRONICS: METAL-AIR BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)104
TABLE 49MILITARY ELECTRONICS: METAL-AIR BATTERY MARKET, BY TYPE, 2022–2027 (USD MILLION)104
TABLE 50MILITARY ELECTRONICS: METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)104
TABLE 51MILITARY ELECTRONICS: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)105
10.4ELECTRONIC DEVICES105
10.4.1INCREASING ADOPTION OF ELECTRONIC DEVICES DUE TO HIGH OUTPUT, HIGH-ENERGY DENSITY, AND LOW DISCHARGING RATE105
TABLE 52ELECTRONIC DEVICES: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)106
TABLE 53ELECTRONIC DEVICES: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)106
TABLE 54ELECTRONIC DEVICES: METAL-AIR BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)106
TABLE 55ELECTRONIC DEVICES: METAL-AIR BATTERY MARKET, BY TYPE, 2022–2027 (USD MILLION)107
TABLE 56ELECTRONIC DEVICES: METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)107
TABLE 57ELECTRONIC DEVICES: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)107
10.5STATIONARY POWER108
10.5.1METAL-AIR BATTERIES USED FOR GRID-LEVEL ELECTRICAL ENERGY STORAGE108
TABLE 58STATIONARY POWER: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)108
TABLE 59STATIONARY POWER: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)109
TABLE 60STATIONARY POWER: METAL-AIR BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)109
TABLE 61STATIONARY POWER: METAL-AIR BATTERY MARKET, BY TYPE, 2022–2027 (USD MILLION)109
TABLE 62STATIONARY POWER: METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)110
TABLE 63STATIONARY POWER: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)110
10.6OTHERS110
TABLE 64OTHERS: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)111
TABLE 65OTHERS: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)111
TABLE 66OTHERS: METAL-AIR BATTERY MARKET, BY TYPE, 2018–2021 (USD MILLION)111
TABLE 67OTHERS: METAL-AIR BATTERY MARKET, BY TYPE, 2022–2027 (USD MILLION)112
TABLE 68OTHERS: METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)112
TABLE 69OTHERS: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)112
11METAL-AIR BATTERY MARKET, BY REGION113
11.1INTRODUCTION114
FIGURE 43METAL-AIR BATTERY MARKET IN GERMANY TO GROW AT HIGHEST CAGR FROM 2022 TO 2027114
TABLE 70METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)114
TABLE 71METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)115
11.2NORTH AMERICA115
FIGURE 44NORTH AMERICA: METAL-AIR BATTERY MARKET SNAPSHOT116
TABLE 72NORTH AMERICA: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)116
TABLE 73NORTH AMERICA: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)117
TABLE 74NORTH AMERICA: METAL-AIR BATTERY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)117
TABLE 75NORTH AMERICA: METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)118
TABLE 76NORTH AMERICA: METAL-AIR BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)118
TABLE 77NORTH AMERICA: METAL-AIR BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)118
11.2.1US119
11.2.1.1Government and private sector focusing on new energy storage technologies119
11.2.2CANADA119
11.2.2.1Growing investments in start-ups119
11.2.3MEXICO120
11.2.3.1Growing demand for electric vehicles120
11.3EUROPE120
FIGURE 45EUROPE: METAL-AIR BATTERY MARKET SNAPSHOT121
TABLE 78EUROPE: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)121
TABLE 79EUROPE: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)122
TABLE 80EUROPE: METAL-AIR BATTERY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)122
TABLE 81EUROPE: METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)123
TABLE 82EUROPE: METAL-AIR BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)123
TABLE 83EUROPE: METAL-AIR BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)123
11.3.1UK124
11.3.1.1Government initiatives to promote metal-air batteries124
11.3.2FRANCE124
11.3.2.1France expected to hold significant share of European metal-air battery market124
11.3.3GERMANY125
11.3.3.1Country's automotive industry to drive metal-air battery market125
11.3.4REST OF EUROPE125
11.4ASIA PACIFIC125
FIGURE 46ASIA PACIFIC: METAL-AIR BATTERY MARKET SNAPSHOT126
TABLE 84ASIA PACIFIC: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)126
TABLE 85ASIA PACIFIC: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)127
TABLE 86ASIA PACIFIC: METAL-AIR BATTERY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)127
TABLE 87ASIA PACIFIC: METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)128
TABLE 88ASIA PACIFIC: METAL-AIR BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)128
TABLE 89ASIA PACIFIC: METAL-AIR BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)128
11.4.1CHINA129
11.4.1.1Consumer electronics industry to support market growth129
11.4.2INDIA129
11.4.2.1Ongoing partnerships and collaborations among metal-air battery players129
11.4.3JAPAN130
11.4.3.1Growing focus on adoption of modern technologies and presence of major battery manufacturers130
11.4.4REST OF ASIA PACIFIC130
11.5ROW130
TABLE 90ROW: METAL-AIR BATTERY MARKET, BY METAL, 2018–2021 (USD MILLION)131
TABLE 91ROW: METAL-AIR BATTERY MARKET, BY METAL, 2022–2027 (USD MILLION)131
TABLE 92ROW: METAL-AIR BATTERY MARKET, BY APPLICATION, 2018–2021 (USD MILLION)131
TABLE 93ROW: METAL-AIR BATTERY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)132
TABLE 94ROW: METAL-AIR BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)132
TABLE 95ROW: METAL-AIR BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)132
11.5.1MIDDLE EAST133
TABLE 96MIDDLE EAST: METAL-AIR BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)133
TABLE 97MIDDLE EAST: METAL-AIR BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)133
11.5.1.1UAE133
11.5.1.1.1UAE expected to account for largest market share in Middle East133
11.5.1.2Saudi Arabia134
11.5.1.2.1Government initiatives to promote clean energy134
11.5.1.3Rest of the Middle East134
11.5.2AFRICA134
11.5.2.1High emphasis on clean energy to stimulate market growth134
11.5.3SOUTH AMERICA134
11.5.3.1Foreign investments in energy sector134
12COMPETITIVE LANDSCAPE135
12.1OVERVIEW135
12.2STRATEGIES OF KEY PLAYERS/RIGHT-TO-WIN135
TABLE 98OVERVIEW OF STRATEGIES DEPLOYED BY KEY METAL-AIR BATTERY MANUFACTURERS135
12.3REVENUE ANALYSIS OF TOP COMPANIES136
FIGURE 47FIVE-YEAR COMPANY REVENUE ANALYSIS136
12.4MARKET SHARE ANALYSIS136
TABLE 99MARKET SHARE OF TOP FIVE PLAYERS IN METAL-AIR BATTERY MARKET, 2021136
12.5KEY COMPETITIVE EVALUATION QUADRANT138
12.5.1STARS138
12.5.2EMERGING LEADERS138
12.5.3PERVASIVE PLAYERS138
12.5.4PARTICIPANTS138
FIGURE 48METAL-AIR BATTERY MARKET (GLOBAL) KEY COMPANY EVALUATION QUADRANT, 2021139
12.6SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2021140
12.6.1PROGRESSIVE COMPANIES140
12.6.2RESPONSIVE COMPANIES140
12.6.3DYNAMIC COMPANIES140
12.6.4STARTING BLOCKS140
FIGURE 49METAL-AIR BATTERY MARKET (GLOBAL) SME EVALUATION QUADRANT, 2021141
12.7METAL-AIR BATTERY MARKET: COMPANY FOOTPRINT142
TABLE 100OVERALL COMPANY FOOTPRINT142
TABLE 101COMPANY METAL FOOTPRINT143
TABLE 102COMPANY APPLICATION FOOTPRINT144
TABLE 103COMPANY REGION FOOTPRINT145
12.8COMPETITIVE BENCHMARKING146
TABLE 104METAL-AIR BATTERY MARKET: LIST OF KEY START-UPS/SMES146
TABLE 105METAL-AIR BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES147
12.9COMPETITIVE SCENARIO147
TABLE 106METAL-AIR BATTERY MARKET: PRODUCT LAUNCHES, 2021−2022147
TABLE 107METAL-AIR BATTERY MARKET: DEALS, 2019–2022148
13COMPANY PROFILES149
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
13.1KEY PLAYERS149
13.1.1GP BATTERIES INTERNATIONAL149
TABLE 108GP BATTERIES INTERNATIONAL: BUSINESS OVERVIEW149
TABLE 109GP BATTERIES INTERNATIONAL: PRODUCT/SERVICE/SOLUTION OFFERINGS149
13.1.2AROTECH CORPORATION151
TABLE 110AROTECH CORPORATION: BUSINESS OVERVIEW151
TABLE 111AROTECH CORPORATION: PRODUCT/SERVICE/SOLUTION OFFERINGS151
13.1.3ENERGIZER HOLDINGS153
TABLE 112ENERGIZER HOLDINGS: BUSINESS OVERVIEW153
FIGURE 50ENERGIZER HOLDING: COMPANY SNAPSHOT154
TABLE 113ENERGIZER HOLDINGS: PRODUCT/SERVICE/SOLUTION OFFERINGS154
TABLE 114ENERGIZER HOLDINGS INC: DEALS155
13.1.4DURACELL156
TABLE 115DURACELL: BUSINESS OVERVIEW156
TABLE 116DURACELL: PRODUCT/SERVICE/SOLUTION OFFERINGS156
13.1.5RENATA SA158
TABLE 117RENATA SA: BUSINESS OVERVIEW158
TABLE 118RENATA SA: PRODUCT/SERVICE/SOLUTION OFFERINGS158
13.1.6PHINERGY160
TABLE 119PHINERGY: BUSINESS OVERVIEW160
TABLE 120PHINERGY: PRODUCT/SERVICE/SOLUTION OFFERINGS160
TABLE 121PHINERGY: DEALS161
13.1.7LOG 9 MATERIALS162
TABLE 122LOG 9 MATERIALS: BUSINESS OVERVIEW162
TABLE 123LOG 9 MATERIALS: PRODUCT/SERVICE/SOLUTION OFFERINGS162
TABLE 124LOG 9 MATERIALS: DEALS162
13.1.8POLYPLUS BATTERY164
TABLE 125POLYPLUS BATTERY: BUSINESS OVERVIEW164
TABLE 126POLYPLUS BATTERY: PRODUCT/SERVICE/SOLUTION OFFERINGS164
TABLE 127POLYPLUS BATTERY: PRODUCT LAUNCHES164
13.1.9ZINC8 ENERGY SOLUTIONS165
TABLE 128ZINC8 ENERGY SOLUTIONS: BUSINESS OVERVIEW165
TABLE 129ZINC8 ENERGY SOLUTIONS: PRODUCT/SERVICE/SOLUTION OFFERINGS165
TABLE 130ZINC8 ENERGY SOLUTIONS: PRODUCT LAUNCHES166
TABLE 131ZINC8 ENERGY SOLUTIONS: DEALS166
13.1.10PANASONIC BATTERIES167
TABLE 132PANASONIC BATTERIES: BUSINESS OVERVIEW167
TABLE 133PANASONIC BATTERIES: PRODUCT/SERVICE/SOLUTION OFFERINGS167
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13.2OTHER PLAYERS168
13.2.1AZA BATTERY168
TABLE 134AZA BATTERY: COMPANY OVERVIEW168
13.2.2CEGASA ENERGIA, S.L.U.168
TABLE 135CEGASA ENERGIA, S.L.U: COMPANY OVERVIEW168
13.2.3ENZINC169
TABLE 136ENZINC: COMPANY OVERVIEW169
13.2.4EVERZINC169
TABLE 137EVERZINC: COMPANY OVERVIEW169
13.2.5EXCELLATRON SOLID STATE170
TABLE 138EXCELLATRON SOLID STATE: COMPANY OVERVIEW170
13.2.6E-ZINC170
TABLE 139E-ZINC: COMPANY OVERVIEW170
13.2.7GUANGDONG TIANQIU ELECTRONICS TECHNOLOGY171
TABLE 140GUANGDONG TIANQIU ELECTRONICS TECHNOLOGY: COMPANY OVERVIEW171
13.2.8ISKRA171
TABLE 141ISKRA: COMPANY OVERVIEW171
13.2.9MAG ONE PRODUCTS172
TABLE 142MAG ONE PRODUCTS: COMPANY OVERVIEW172
13.2.10MAL RESEARCH AND DEVELOPMENT172
TABLE 143MAL RESEARCH AND DEVELOPMENT: COMPANY OVERVIEW172
13.2.11PHINERGY MARINE173
TABLE 144PHINERGY MARINE: COMPANY OVERVIEW173
13.2.12RIALAIR173
TABLE 145RIALAIR: COMPANY OVERVIEW173
13.2.13THUNDERZEE174
TABLE 146THUNDERZEE: COMPANY OVERVIEW174
13.2.14ZAF ENERGY SYSTEMS174
TABLE 147ZAF ENERGY SYSTEMS: COMPANY OVERVIEW174
13.2.15ZENIPOWER175
TABLE 148ZENIPOWER: COMPANY OVERVIEW175
14ADJACENT MARKET176
14.1BATTERY ENERGY STORAGE SYSTEM MARKET176
14.2INTRODUCTION176
FIGURE 51BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT176
FIGURE 52BATTERY SEGMENT TO HOLD LARGER SHARE OF BATTERY ENERGY STORAGE SYSTEM MARKET DURING FORECAST PERIOD177
TABLE 149BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT, 2018–2021 (USD MILLION)177
TABLE 150BATTERY ENERGY STORAGE SYSTEM MARKET, BY ELEMENT, 2022–2027 (USD MILLION)177
14.3BATTERY178
14.3.1BATTERY SELECTION IS CRUCIAL FOR DEVELOPMENT OF BATTERY ENERGY STORAGE SYSTEMS178
FIGURE 53CRITERIA FOR BATTERY SELECTION178
14.4OTHER ELEMENTS179
14.4.1HARDWARE179
14.4.1.1Power conversion systems and battery management systems are essential components179
FIGURE 54LAYOUT OF BATTERY ENERGY STORAGE SYSTEM180
14.4.2OTHERS180
14.4.2.1Before commissioning BESS, EPC and development services are essential180
15APPENDIX181
15.1INSIGHTS OF INDUSTRY EXPERTS181
15.2DISCUSSION GUIDE182
15.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL184
15.4AVAILABLE CUSTOMIZATIONS186
15.5RELATED REPORTS186
15.6AUTHOR DETAILS187
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