Lithium-Air Battery Market

Introduction of the Global Lithium-Air Battery Market Report

Lithium-air battery refers to the battery chemistry or metal-air electrochemical that uses oxidation of lithium at the anode and reduces oxygen at the cathode to induce a current flow. Lithium-Air batteries, also known as LABs, have a better potential for efficient energy storage applications, which helps in resolving future energy and environmental challenges. One of the major usages of these batteries is in the automotive industry by acting as a power source, especially for electric vehicles (EVs). The global Lithium-Air market has various types of batteries including aprotic Li-Air battery, aqueous Li-Air battery, mixed Aqueous/ Aprotic Li-Air Battery, and Solid State Li-Air Battery.

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Market Dynamic

Key Drivers and Emerging Trends

The market for Lithium-Air market is anticipated to experience strong demand over the forecast period. One of the biggest factors that is responsible for driving the market’s demand is the increasing requirement to decrease imported oil and emission, which has led to the development of electric vehicles (EVs). This factor has resulted in the mass adoption of these batteries, thus creating a need to reduce the prices and boost the range of these batteries. The Lithium-Air batteries have viable ultra-high energy density chemical power sources, which provide specific energies up to ∼3000 Wh kg−1. The conventional Li-Ion batteries have a driving range of around 100 miles on a single charging cycle, thus giving high manufacturing cost of the EVs. This aspect of the li-Ion battery has encouraged the end-users to shift towards Lithium-Air batteries, offering high-performance features at a reduced cost.

Lithium-Air batteries are used as a power backup system in numerous industries such as healthcare, defense, military, electronics, and marine. The leading manufacturers around the world are conducting research and development activities to develop batteries that have less weight, higher power density, low cost of production, and longevity. Moreover, the increasing focus on introducing eco-friendly products is further opening new doors for the growth of the market over the coming years. Li-Air batteries are one of the lightest batteries available as lithium is the lightest metal, and air inside it is ultra-lightweight. Furthermore, the potential of these batteries to be used in a wide range of consumer electronic products such as smartphones, laptops, tablets, and other devices is another factor that will further contribute to the market’s growth.

Restraint in the Lithium-Air Battery Market

On the other edge of the spectrum, the high prices of these batteries is a major restraint in the market, which will have a negative impact on the overall demand. The production technology required for these batteries is nascent and expensive, which has resulted in the high production cost of the Lithium-Air batteries.

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Application – Segment Analysis

Based on the application, the automotive segment is anticipated to dominate the market during the forecast period. This is mainly due to the strong demand for electric vehicles at the global level. The government of various economies is introducing different initiatives and plans to support the adoption of electric vehicles in the country. In 2018, the total sales volume of electric vehicles exceeded 1.25 million, which is predicted to reach 2 million by the end of 2020 and more than 4.5 million by 2025. The end-users are becoming aware of the numerous exceptional benefits of using Lithium-Air batteries in the manufacturing of electric vehicles rather than traditional Lithium-ion batteries.

Type – Segment Analysis

Based on the type, the solid state Lithium-Air batteries segment is predicted to witness a faster CAGR during the forecast period. The various advantages offered by this type of battery, such as not flammable, minimizes the possibilities of the explosion, and other benefits are attracting the end-users to opt for solid state Lithium-Air batteries over the coming years.

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Regional – Segment Analysis:

Based on the region, North America region is expected to dominate the lithium-air battery market during the forecast period. The growing penetration of lithium-Air batteries, especially in smart home appliances, smartphones, smart wearables, and other devices, is a key driver that is energizing the growth of the regional market. Additionally, the strong demand for thin, smaller, and advanced performance featuring battery products is surging the application of this battery in smart devices such as laptops and computers. The cost of electric vehicles in the United States is more expensive as compared to internal combustion engine vehicles. This factor has bought a need to reduce the cost of batteries and make them more efficient, thus creating more opportunities for the implementation of this type of battery.

Top Market Players

Various notable players operating in the market, include Mullen Technologies, Inc., Tesla, PPBC, among others.

Segments covered in the Report:

The global lithium-air battery market has been segmented based on type, application, and regions. Based on type, the market is segmented into aprotic li-air battery, aqueous li-air battery, mixed aqueous/ aprotic li-air battery, and solid state li-air battery. Based on application, the market is segmented into automotive, consumer electronics, energy storage, and other applications. 

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Key questions answered in this research report:

• • At what pace is global lithium-air battery market growing? What will be the growth trend in the future?
  • What are the key drivers
    and restraints in global lithium-air battery market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global lithium-air battery market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various application areas of global lithium-air battery market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Mullen Technologies, Inc., Tesla, PPBC; a total of 3 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Lithium-Air Battery Market by Type

• • Aprotic Li-Air Battery
  • Aqueous Li-Air Battery
  • Mixed Aqueous/ Aprotic Li- Air Battery
  • Solid State Li-Air Battery

Global Lithium-Air Battery Market by Application

• • Automotive
  • Consumer Electronics
  • Energy Storage
  • Other Applications

Global Lithium-Air Battery Market by Region

• • North America Lithium-Air Battery Market (Option 1: As a part of the free 25% customization)
    • North America Market by Type
    • North America Market by Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Lithium-Air Battery Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Type
    • Europe Market by Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Lithium-Air Battery Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Type
    • Asia-Pacific Market by Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Lithium-Air Battery Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Type
    • RoW Market by Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Global Lithium-Air Battery (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Mullen Technologies, Inc.
  • Tesla
  • PPBC