Breathing battery market

Breathing Battery Market, by Battery Type (Lithium air battery, Aluminum air battery, Zinc air battery, Calcium air battery), by End-use Industry (Automotive, Manufacturing, Defense, Utility energy storage, Consumer electronics, and others.), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Request Free Sample

Jan 2023
CMI5493
168 Pages
Excel & Pdf
Semiconductors

Summary

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.

Breathing Battery Market Report Coverage

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
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:	By Battery Type: Lithium air battery, Aluminum air battery, Zinc air battery, Calcium air battery By End-Use Industry: Automotive, Manufacturing, Defense, Utility energy storage, Consumer electronics, and others.
Companies covered:	IBM Corporation, Zinc8 Energy Solutions Inc., PolyPlus Battery Company, Panasonic, Tesla, Fuji Pigment, and Breathe Battery Technologies Limited
Growth Drivers:	Increase in demand and huge potential for breathing battery in electric vehicles
Restraints & Challenges:	Charging of batteries is very low

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

Table of Content

Table of Contents

*Browse 60 market data tables and 40 figures on "Global Breathing Battery Market - Forecast to 2030”.

Segmentation

Detailed Segmentation

- Frequently Asked Questions -

What is the expected market size of global breathing battery market in 2030?

The global breathing battery market is expected to reach US$ 33.9 million by 2030.

What is the expected compound annual growth rate (CAGR) of the market during the forecast period (2022-2030)?

The market is expected to witness a CAGR of 8.4% during the forecast period (2022-2030).

What is the primary factor contributing to growth of the market?

The cost of raw material required to manufacture breathing battery is low as compared to conventional batteries

Based on end-use industry which segment held the largest market share in the market in 2021?

The utility energy storage segment held the largest market share among end-use industry in the market in 2021.

5. Which region held the largest market share in the market in 2021?

Asia Pacific held the largest share in the market in 2021.

Who are the key players operating in the market?

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