The global breathing battery market was valued at $17.1 million in 2022, and is projected to reach $46.6 million by 2032, growing at a CAGR of 10.7% from 2023 to 2032.
Many metals used in breathing batteries, such as zinc, aluminum, and iron, are abundant and widely available. Unlike batteries that depend on rare or expensive elements, this provides a steady and cheap supply chain, lowering concerns about resource scarcity or price changes. Additionally, breathing batteries may have a lengthy shelf life. They do not generate electricity until the metal anode is exposed to air, allowing them to remain inactive until needed. This qualifies them for uses like emergency backup power systems or infrequently used equipment where long-term storage is necessary. Moreover, some breathing battery systems, such as lithium-air batteries, need rapid recharging. This implies that they can replenish their energy stores quickly, resulting in shorter downtimes between applications and more user convenience. In thr basic principle of a lithium-air battery, it involves the reaction between lithium ions and oxygen during both the charging and discharging mechanism. During charging, oxygen from the air reacts with lithium ions from the lithium metal or lithium-containing electrode to generate lithium oxide and release electrons. During discharge, the lithium oxide is reduced back to lithium ions and oxygen gets released in the opposite reaction.
The high theoretical energy density of lithium-air batteries is their primary advantage. They may be able to store more energy per unit mass than conventional lithium-ion batteries as they make use of ambient oxygen. This factor is expected to drive market growth during the forecast period. However, there are several technical challenges that need to be overcome for the commercialization of lithium-air batteries. These challenges include problems with the components of the battery's stability, the production of undesirable byproducts during reactions, and the battery's cycling effectiveness. While lithium-air batteries hold great promise, they are still in the R&D stage, and commercial availability is limited. Further advancements and breakthroughs are needed to make them viable for practical applications. Nonetheless, their potential for high energy density and environmentally friendly operation makes them an area of significant interest and ongoing research in the field of advanced battery technologies.
The breathing battery market is segmented on the basis of battery type, end-use industry, and region. By battery type, the market is classified into lithium-air battery, aluminum air battery, zinc-air battery, calcium air battery, and others. By end-use industry, the market is categorized into automotive, manufacturing, defense, utility energy storage, consumer electronics and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include Energizer, GP Industrial, Zinc8 Energy Solutions Inc, POLY PLUS, Duracell, Phinergy, Lithium Air Industries, IBM, Ev Dynamics (Holdings) Limited, and Renata SA. These players have adopted product launch as their key strategy to increase their market shares.
Many metals used in breathing batteries, such as zinc, aluminum, and iron, are abundant and widely available. Unlike batteries that depend on rare or expensive elements, this provides a steady and cheap supply chain, lowering concerns about resource scarcity or price changes. Additionally, breathing batteries may have a lengthy shelf life. They do not generate electricity until the metal anode is exposed to air, allowing them to remain inactive until needed. This qualifies them for uses like emergency backup power systems or infrequently used equipment where long-term storage is necessary. Moreover, some breathing battery systems, such as lithium-air batteries, need rapid recharging. This implies that they can replenish their energy stores quickly, resulting in shorter downtimes between applications and more user convenience. In thr basic principle of a lithium-air battery, it involves the reaction between lithium ions and oxygen during both the charging and discharging mechanism. During charging, oxygen from the air reacts with lithium ions from the lithium metal or lithium-containing electrode to generate lithium oxide and release electrons. During discharge, the lithium oxide is reduced back to lithium ions and oxygen gets released in the opposite reaction.
The high theoretical energy density of lithium-air batteries is their primary advantage. They may be able to store more energy per unit mass than conventional lithium-ion batteries as they make use of ambient oxygen. This factor is expected to drive market growth during the forecast period. However, there are several technical challenges that need to be overcome for the commercialization of lithium-air batteries. These challenges include problems with the components of the battery's stability, the production of undesirable byproducts during reactions, and the battery's cycling effectiveness. While lithium-air batteries hold great promise, they are still in the R&D stage, and commercial availability is limited. Further advancements and breakthroughs are needed to make them viable for practical applications. Nonetheless, their potential for high energy density and environmentally friendly operation makes them an area of significant interest and ongoing research in the field of advanced battery technologies.
The breathing battery market is segmented on the basis of battery type, end-use industry, and region. By battery type, the market is classified into lithium-air battery, aluminum air battery, zinc-air battery, calcium air battery, and others. By end-use industry, the market is categorized into automotive, manufacturing, defense, utility energy storage, consumer electronics and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include Energizer, GP Industrial, Zinc8 Energy Solutions Inc, POLY PLUS, Duracell, Phinergy, Lithium Air Industries, IBM, Ev Dynamics (Holdings) Limited, and Renata SA. These players have adopted product launch as their key strategy to increase their market shares.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the breathing battery market analysis from 2022 to 2032 to identify the prevailing breathing battery market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the breathing battery market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global breathing battery market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Battery Type
- Lithium air battery
- Aluminum air battery
- Zinc air battery
- Calcium air battery
- Others
By End-use Industry
- Automotive
- Manufacturing
- Defense
- Utility energy storage
- Consumer electronics
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Duracell
- Energizer Holdings Inc.
- Ev Dynamics (Holdings) Limited
- GPIndustrial
- IBM
- Lithium Air Industries
- Phinergy
- PolyPlus
- Renata SA
- Zinc8 Energy Solutions Inc.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BREATHING BATTERY MARKET, BY BATTERY TYPE
CHAPTER 5: BREATHING BATTERY MARKET, BY END-USE INDUSTRY
CHAPTER 6: BREATHING BATTERY MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the breathing battery market was valued at $17.1 million in 2022, and is estimated to reach $46.6 million by 2032, growing at a CAGR of 10.7% from 2023 to 2032.An aluminum-air battery is a type of breathing battery that utilizes aluminum as the anode and oxygen from the air as the cathode. It is a promising energy storage technology that offers high energy density and potential applications in various fields. The basic principle of an aluminum-air battery involves the oxidation of aluminum and reduction of oxygen during the electrochemical reaction. In the presence of an electrolyte, aluminum undergoes an oxidation reaction at the anode, releasing electrons and generating aluminum ions. The electrons flow through an external circuit, producing electrical current. Meanwhile, at the cathode, oxygen from the air is reduced, forming hydroxide ions and consuming the oxygen.
Aluminum-air batteries have several advantages. In aluminum air batteries provides a high energy content and high energy density when aluminum combined with the oxygen from the air. Aluminum is a lightweight metal, which contributes to the overall lightweight nature of aluminum-air batteries. This property makes them desirable for portable and mobile applications where weight reduction is crucial, such as electric vehicles and portable electronic devices. Furthermore, aluminum-air batteries can be sensitive to environmental factors such as moisture and contaminants in the air. These factors can affect their performance and require careful design considerations. Moreover, the breathing batteries market is gaining traction in the automotive industry owing to the automotive industry is increasingly focused on sustainability and reducing carbon emissions. Breathing batteries offer a more environmentally friendly alternative to traditional battery technologies. They rely on oxygen from the air as a reactant, reducing the need for heavy and bulky cathode materials. This leads to reduced resource consumption and potentially lower environmental impact. As governments worldwide implement stricter emission regulations, EV manufacturers are exploring advanced battery technologies like breathing batteries to align with these sustainability goals. These factors combined make breathing batteries an appealing option for automotive manufacturers and consumers. The desire for extended range, lightweight design, environmental sustainability, and technological advancements align well with the advantages offered by breathing batteries, thus driving their adoption in the automotive industry.
Increase in demand for breathing batteries in energy storage
A significant increase in demand for breathing batteries has been witnessed in the field of energy storage. As renewable energy sources such as solar and wind power continue to expand, there is a need for effective energy storage solutions to manage their intermittent nature. Breathing batteries, such as flow batteries, offer the advantage of high energy capacity, long life cycle, and scalability, making them well-suited for storing excess renewable energy for use during periods of low generation or high demand. Furthermore, breathing batteries provide a valuable solution for grid stabilization by offering fast response times and the ability to discharge power quickly when needed. They can smooth out fluctuations in power supply and demand, helping to maintain grid stability. In addition, breathing batteries can be used for peak shaving, allowing energy-intensive facilities to reduce their reliance on the grid during times of high demand and high electricity prices.With time-of-use pricing becoming more prevalent, breathing batteries offer an opportunity to shift electricity consumption to off-peak hours when electricity rates are lower. By charging the breathing batteries during periods of low demand and discharging during peak hours, users can optimize their energy costs and reduce overall electricity expenses. Moreover, breathing batteries are well-suited for microgrid applications, which are localized energy systems that can operate independently or in conjunction with the main power grid. Microgrids often incorporate renewable energy sources and need robust energy storage solutions to balance supply and demand. Breathing batteries play a crucial role in providing resilient and off-grid power solutions. They can be utilized in remote areas, off-grid installations, and emergency backup systems. Breathing batteries ensure continuous power supply, allowing critical infrastructure, telecommunications, and disaster response operations to function even during grid outages or in remote locations. This factor will drive the market growth during the forecast period.
The breathing battery market is segmented on the basis of battery type, end-use industry, and region. By battery type, the market is classified into lithium-air battery, aluminum air battery, zinc-air battery, calcium air battery, and others. By end-use industry, the market is categorized into automotive, manufacturing, defense, utility energy storage, consumer electronics and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the industry include Energizer, GP Industrial, Zinc8 Energy Solutions Inc, POLY PLUS, Duracell, Phinergy, Lithium Air Industries, IBM, Ev Dynamics (Holdings) Limited, and Renata SA. These players have adopted product launch as their key strategy to increase their market shares.
Key findings
Based on battery type, the lithium air battery segment has a dominant market share in the global breathing battery market in terms of revenue and it is anticipated to grow at the highest CAGR of 10.9% during the forecast period.On the basis of end-use industry, the automotive segment has a dominant market share in the global breathing battery market in terms of revenue and it is anticipated to grow at the highest CAGR of 11.1% during the forecast period.
Based on region, Asia-Pacific region has a dominant market share in the global breathing battery market in terms of revenue and it is anticipated to grow at the highest CAGR of 10.9% during the forecast period.
Companies Mentioned
- Duracell
- Energizer Holdings Inc.
- Ev Dynamics (Holdings) Limited
- GPIndustrial
- IBM
- Lithium Air Industries
- Phinergy
- PolyPlus
- Renata SA
- Zinc8 Energy Solutions Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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