A new market intelligence study by Transparency Market Research presents a detailed overview of the global air electrode battery market. The report is titled, “Air Electrode Battery Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.” The market research study provides a comprehensive analysis of the growth drivers, factors limiting growth, current trends, market structure, and projections for the period 2015 to 2023.
According to the report, air electrode battery technology will soon replace the ion-based technology. Air electrode batteries are relatively safer, easy to transport, store, as well as dispose. Air electrode batteries increase the energy density of a fuel cell. An increase in the energy output is made possible due to the use of lithium in the fuel cell. Air electrode batteries have the potential to achieve the highest specific energy. These batteries comprise porous air cathode that hold oxygen which is segregated from the anode, by an electrolyte. The electrolyte may be in solid, liquid, or gaseous state.
Among all the air electrode batteries such as zinc, lithium, aluminum, magnesium, iron, and sodium, zinc air batteries are the safest in terms of environmental impact and are low in cost. Zinc air batteries are efficient in delivering and storing electrical energy for electric vehicles and portable stationary devices. Thus, zinc air electrode batteries are of huge interest to companies and consumers.
The global market for air electrode battery is driven by the need for energy storage and increasing demand for air electrode batteries from the electrical grids sector. The advantages of air electrode batteries such as their high energy density, easy availability, low cost, and inexpensive materials are encouraging the growth of the market. In addition, the recent developments in the renewable wind and solar energy sectors are also expected to augment the demand for air electrode batteries.
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The global air electrode battery market is segmented on the basis of technology and geography. Primary rechargeable system (mechanical and electrical), secondary rechargeable system (electrical), and fuel cells are the three technologies by which the air electrode battery market is classified. Primary rechargeable systems are well established as they are efficient and offer minimum side effects such as deterioration of the air electrode.
On the basis of geography the air electrode battery market is segmented into North America, Europe, Asia Pacific, and Rest of the World. The Asia Pacific market is expected to continue to develop owing to rapid investments made by China and other countries. Japan is evaluating intelligent ways to store and distribute electrical energy with the help of air electrode batteries. Recent developments in battery technology have augmented the growth of air electrode battery production in North America. Efforts are also being taken to improve the manufacturing practice of air electrode batteries in the Middle East.
Leading players in the air electrode battery market are: Phinergy, AMPTRAN Motor Corporation, Poly Plus Battery Co., Hitachi Maxell Ltd., Chem Co. Ltd., BASF Global, and Sanyo Electric Co. Ltd.
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