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Breathing Battery Market to Reach US$ 33.9 Mn by 2030

Breathing Battery Market to Reach US$ 33.9 Mn by 2030 - Coherent Market Insights

Publish In: Jan 19, 2023

Global Breathing Battery Market Report, 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), published by Coherent Market Insights.

Breathing batteries are used in various sectors such as automotive, manufacturing, defense, utility energy storage, consumer electronics, and others. Lithium air batteries are been intensively investigated in recent decades for their utilization in electric vehicles. Moreover, aluminum-air battery generates electricity from the reaction of oxygen in the air with aluminum. It has one of the highest energy densities of all the batteries. When used in an electric vehicle, aluminum-air battery has the potential of up to eight times the range of lithium-ion battery with significantly lower total weight.

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

COVID-19 has significantly disrupted almost all industries including energy storage, consumer electronics, manufacturing, and others. To combat COVID-19 pandemic, most of the countries have implemented lockdowns and are now easing it phase-wise and industry wise. COVID-19 pandemic has shut down the production of various products at global levels. Furthermore, commercial laundry equipment businesses entities are looking for all available options such as long-term funding and alternative capital availability to efficiently manage cash liquidity in the current situation. Due to COVID-19-induced market problems, the lithium-ion battery manufacturing sector in China has experienced a drop in demand from 25GWh to 30GWh in capacity in 2020, and manufacturers are facing a scarcity of raw materials for manufacturing.   

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Browse 150 market data tables* and 90 figures* on “global breathing battery market - Forecast to 2030”

Key Trends and Analysis of the Global Breathing Battery Market:

  • Among Battery Type, Lithium air battery segment held a dominant position in the global Breathing Battery market in 2021.  
  • On September 7, 2022, Zinc8 Energy Solutions Inc., Canada-based energy solution Provider Company, announced the building of its first commercial production facility (zinc air batteries) in New York, U.S.
  • Among End-use Industry, utility energy storage segment accounted for largest market share in 2021, and is expected to retain its dominance throughout the forecast period. For instance, 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.
  • Major players operating in the global breathing battery market include IBM Corporation, Zinc8 Energy Solutions Inc., PolyPlus Battery Company, Panasonic, Tesla, Fuji Pigment, Breathe Battery Technologies Limited and others

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