Metal-air Battery Market

Market Leaders - Metal-air Battery Market

The global metal-air battery market size is estimated to grow from USD 438 million in 2020 to USD 842 million by 2025; growing at a CAGR of 14.0%. The growth of the market is driven by the growing demand for high-capacity, safe, cost-effective, and eco-friendly energy storage solutions. These batteries have gained significant popularity as a promising source of energy in small electronic devices, such as hearing aids and watches, and in stationary energy storage applications.

Key players in the metal-air battery market include NantEnergy Inc. (US), Phinergy (Israel), Log 9 Materials (India), Arotech Corporation (US), PolyPlus Battery Company (US), Fuji Pigment Co., Ltd. (Japan), GP Batteries International Limited. (Hong Kong), Zinc8 Energy Solutions Inc. (Canada), E-Stone Batteries B.V. (Netherlands), Arconic Inc. (US), and Energizer Holdings, Inc. (US). These companies focus on adopting both organic and inorganic growth strategies, such as acquisitions, partnerships, collaborations, and agreements.

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Top Players in Metal-Air Battery Market:

NantEnergy Inc. (US) is among the leading providers of metal-air battery systems across the world. The company’s primary product is the zinc-air rechargeable battery system. NantEnergy has already deployed zinc-air batteries in about 3,000 operating systems across the world. These are mostly remote microgrid batteries deployed for electrifying rural areas. The company has deployed many systems in Indonesia. It has also deployed a lot of hybrid systems in Central America. These systems combine zinc-air with small amounts of lithium, which are deployed at telecom applications. NantEnergy offers products at competitive prices against lead-acid batteries and diesel generators. In November 2018, NantEnergy acquired Sharp Electronics Corporation’s Energy Systems and Services business to create a strong foothold for the company in the US. The acquisition included Sharp’s SmartStorage brand. The company is targeting commercial & industrial sectors and microgrids.

Phinergy is an Israel-based battery technology company that primarily focuses on the development of two technologies—aluminum-air battery and a zinc-air battery. The company aims at implementing these technologies not only in the electric motor vehicle industry but also in backup systems as alternative energy sources, e.g., emergency generators. Phinergy had been supported several times since 2008 by Innovation Authority programs and with a budget allocated to “Alternative Fuels for Transportation” initiatives within the framework of the Innovation Authority. The company receives financial support mostly from the Investment Incentive Program, which is meant to encourage local (Israeli) and foreign investors in the field of alternative fuel for transportation. In addition to this, the Fuel Choice and Smart Mobility Initiative has helped Phinergy establish international contacts with automotive manufacturers. The company has formed extensive partnerships and collaborations with various companies located in India and China, such as Yunnan Aluminum and Shanghai Zuoyong New Energy Technology Co. (China), Ashok Leyland (India), and Indian Oil Corp. (India), to introduce aluminum-air batteries to the market and expand the company’s global reach.

Other companies involved in the development of metal-air batteries include EnZinc (US), Excellatron Solid State, LLC (US), Ionomr Innovations Inc. (Canada), Iskra (Slovenia), Minusquare (US), Renata SA (Switzerland), ZAF Energy Systems, ACTXE Limited (China), MAL Research & Development Limited (UK), Phinergy Marine (Israel), Aqua Power Systems (Japan), Mag One Products Inc. (Canada), RiAlAiR Ltd. (UK), and e-Zn (Canada).

Related Reports:

Metal-air Battery Market with COVID-19 Update by Metal (Zinc, Aluminum, Lithium, Iron), Voltage (Low, Medium, High), Application (Electric Vehicles, Military Electronics, Electronic Devices, Stationary Power), Type, and Region - Global Forecast to 2025

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Report Code
SE 7684
RI Published ON
6/9/2020
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