BREATHING BATTERY MARKET ANALYSIS

Lithium–air batteries, also known as breathing batteries, harness the energy produced when lithium metal reacts with oxygen from the air. The breathing battery market is estimated to rise significantly during the forecast period primarily due to the fact that the positive electrode of breathing battery made from lightweight porous carbon, and the lithium ions are packed into the electrolyte, which floods into the spongy material. Furthermore, the cost of raw material required to manufacture breathing battery is low as compared to conventional batteries.

The global breathing battery market was valued at US$ 16.5 Mn in 2021 and is expected to reach US$ 33.9 Mn by 2030, growing at a CAGR of 8.4% between 2022 and 2030.

Global Breathing Battery Market - Impact of Coronavirus (Covid-19) Pandemic:

Due to the COVID-19 pandemic, end-use industries such as automotive sector, power storage sector, and others and most of the breathing battery manufacturers experienced disturbance in supply chain. Due to the lockdown measures, there was a shortage of workers at laundry equipment manufacturing facilities. Furthermore, on the supply chain side, there was unavailability of raw materials for the manufacturing of laundry equipment components due to complete lockdown or partial lockdowns. Due to delay in the supply of raw materials and components, the manufacturing companies were unable to deliver the products in the market.

Global Breathing Battery Market- Restraint 

The main problem is that chemical reactions produce unwanted side products that clog the electrodes, destroy the battery materials or short-circuit the device. But the high overpotential, the sluggish oxygen reduction reaction (ORR) and oxygen evolution reaction (OER) kinetics, and the poor cycling stability critically restrict their practical applications. Moreover, Lithium-air batteries last approximately two months and have low storage capacity, also the charging of batteries is very low which acts as the major restraints for the lithium-air battery market.

Among battery type, Lithium air battery segment held a dominant position in the global breathing battery market in 2021

The Lithium air battery segment held a dominant position in the global breathing battery market in 2021, accounting for 30.4% share.

Figure 1: Global Breathing Battery Market Share (%), By Battery Type, 2021

The Lithium air battery segment is expected to witness significant growth in the global breathing battery market. Factors such as growth in renewable energy sources and increased demand for devices for energy storage are expected to drive the growth of the lithium-air battery market.

On February 10, 2022, clean energy researchers at the University of Technology Sydney (UTS) designed a molecule to boost the performance of lithium air batteries to provide electric vehicles the same driving range as petrol-fuelled cars. Lithium air batteries employ cutting-edge technology aimed at delivering maximum energy density through breathing air to generate electricity.

Utility energy storage segment is expected hold a dominant position in the market during the forecast period

On the basis of end-use industry, the global breathing battery market is segmented into automotive, manufacturing, defense, utility energy storage, and others. The utility energy storage segment is expected to hold the largest market share in 2021, owing to growing demand for breathing battery.

Lithium-air battery are considered most prominent utility energy storage devices due to their high energy density and large specific capacity. Lithium-air battery, can store power five times more than the ubiquitous Li-ion batteries. 

For instance, on December 15, 2021, A Lithium-air battery with an energy density of over 500 Wh/kg has been developed by researchers at the NIMS-Softbank Advanced Technology Development Center and National Institute for Materials Science (NIMS) in Japan. This battery has significant advantages over traditional lithium-ion batteries. This battery can be charged and discharged at room temperature as well.

Figure 2: Global Breathing Battery Market Value (US$ Mn) Analysis and Forecast, 2021 - 2030

Major players operating in the global breathing battery market include IBM Corporation, Zinc8 Energy Solutions Inc., PolyPlus Battery Company, Panasonic, Tesla, Fuji Pigment, and Breathe Battery Technologies Limited