The global aluminum-based battery market is still in its early stages, and is expected to grow moderately in the future. Aluminum has long been recognized as a larger capacity base for batteries than lithium as it can trade 3 electrons for each ion, compared to at least one for lithium, allowing up to 3 times the power density. In several laboratories throughout the world, aluminum- based batteries are being designed and tested., Aluminum battery technology has significantly achieved the production of functional models, although it is yet to be mass produced. A lightweight aluminum graphite battery developed by researchers at Stanford University charges faster, lasts longer on a single charge, and is safer to use when compared with lithium-ion (Li-ion) batteries. Aluminum batteries can be used in various applications in industry, including automobiles, smartphones, laptops, power packs, and flexible displays.
Market Scope and Structure Analysis
An aluminum battery is a rechargeable energy storage device that is driven by the interaction between an aluminum anode and a cathode that uses a different substance (such as air or graphite).
Report Metric | Details |
Market Size Available for Years | 2020–2030 |
Base Year Considered | 2020 |
Forecast Period | 2021–2030 |
Forecast Unit | Value (USD) |
Segments Covered | Product Type, Application, End User, and Region |
Regions Covered | North America, Europe, Asia-Pacific, LAMEA |
Companies Covered | AEG Power tools, BASF, GP Batteries, Cell-Con, Panasonic, Duracell, Supreme Batteries, Johnson Controls, Harding Energy, Power Sonic, Taurac, Energizer, Uniross, Spectrum Brands, Rayovac, Shenzhen Nova |
COVID-19 Impact Analysis
- At the beginning of 2020, the COVID-19 disease began to spread globally. Millions of people around the world were infected with the COVID-19 disease. Major countries in the world issued permanent bans and work suspension orders. Most of the life support industries have been severely impacted.
- The manufacturing unit suffered shortage of employees for production work due to the global lockdown.
- Aluminum-based battery is light in weight and has high charge value, hence it was used as a source of power and backup for medical instruments during the pandemic.
- COVID-19 may cause energy utilities to invest in locally sourced key raw materials due to supply chain complexity.
- During this pandemic, aluminum-based battery manufacturers have the opportunity to focus on increased industrial and commercial demand to ensure an adequate and continuous supply of products to meet the market demand, so COVID-19 is expected to have a significant impact on the automotive and power back source market.
Top Impacting Factors
- The most significant factor influencing the growth of the aluminum batteries is that are consumed at a faster rate. , Aluminum corrodes easily due to the presence of carbon dioxide in the air. When these batteries are stored for a long time, the electrolyte on the aluminum anode is consumed, and the battery loses nearly 80% of its power within a month.
- One of the major disadvantages of aluminum-air batteries is that they cannot be recharged like lithium-ion batteries. The widespread use of aluminum-air battery-based vehicles would need the wide availability of battery swapping stations.
Market Trends
New Product Launches to Flourish the Market
- IOCL, India’s largest commercial oil company, announced a partnership with energy startup Phinergy on February 4, 2020 to develop and manufacture innovative metal-air batteries as viable solutions
- The increase in use of electric vehicles and the surge in investment by auto companies in aluminum-air batteries may be the primary driving force of the aluminum-based battery market.
- Rechargeable aluminum-air batteries are expected to bring huge market opportunities. Many companies are improving their products to extend battery life when not in use. For example, Brandon Hopkins along with Yang Shao Horn and Douglas hart at MIT proposed a process that can significantly reduce anode corrosion while maintaining battery performance.
- Aluminum ions also have no upper current limit, so they will not overheat spontaneously and do not require additional cooling to operate safely.
- The battery will need to be replenished, once the aluminum has been depleted, which might be significant market constraint. To overcome the issue some power station, service station, or power swapping station must be easily accessible to the driver.
- The use of electric vehicles and the rapid increase in the number of electrical devices are likely to boost the growth of the Asia -Pacific aluminum-based battery market. Availability of skilled workers, productivity, and low installation costs, are the factors that make way for development in the Asia-Pacific region. These factors are expected to drive the growth of the aluminum battery market in the region.
Key Segments Covered
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Key Benefits of the Report
- This study presents the analytical depiction of the aluminum based battery industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the aluminum based battery market share.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the aluminum based battery market.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed aluminum based battery market analysis based on competitive intensity and the competition that will take shape in coming years
Aluminum Based Battery Market Report Highlights
| Aspects | Details |
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 Key Market Players | LG Chem Power Inc., EAST PENN Manufacturing Co., BYD Company Ltd., Amperex Technology Ltd., Panasonic, Samsung SDI Co. Ltd., China Aviation Lithium Battery Co. Ltd., Tesla Inc., Livguard Technologies Pvt. Ltd., Ningbo Shanshan Co. Ltd. |
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