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.
| Report Coverage | Details | ||
|---|---|---|---|
| Base Year: | 2021 | Market Size in 2021: | US$ 16.5 Mn |
| Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 8.4% | 2030 Value Projection: | US$ 33.9 Mn |
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| Companies covered: |
IBM Corporation, Zinc8 Energy Solutions Inc., PolyPlus Battery Company, Panasonic, Tesla, Fuji Pigment, and Breathe Battery Technologies Limited |
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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
Breathing battery is battery which generates electricity through the lithium oxidation process. As compared to standard lithium-ion batteries, the breathing battery combines the benefits of both lithium and oxygen, providing approximately 5 to 20 times the specific energy and over 3 times the power. The breathing battery market is increasing due to the use of breathing batteries in automotive, medical, defence & military, electronics and other industries. Moreover, breathing battery have the capacity to hold more than 40 times the charge of a standard Li-Ion battery of comparable weight. . In breathing batteries the cathode is oxygen and anode is made up of lithium. During charging and discharging, lithium ions move back and placed between the two electrodes, sending electrons around the external circuit to power a device.
Market Dynamics
The lithium-air battery market is projected to record a CAGR of more than 8.4% during the forecast period. Various factors such as increasing growth in renewable energy sources such as solar energy, wind energy and others and increased demand for devices for energy storage are driving the growth of global breathing battery market.
Moreover such breathing battery are widely use in electrical cars, as the increasing demand of breathing battery in electrical cars is driving the growth of global breathing battery market. For instance IBM, U.S.-based multinational technology company launched its new breakthrough air-breathing battery fit for an electric car. The range of air breathing battery is about 500-mile and it is approximately five times the range of current electric cars on the market today.
Key features of the study:
Detailed Segmentation
“*” marked represents Key Pointers are applicable to other companies as well
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