Lithium Air Batteries Market Scope
Lithium-air batteries comprise lithium metal anodes electrochemically attached to atmospheric oxygen through an air cathode. Oxygen gas (O2) is introduced into the battery through the air cathode is basically an unlimited cathode reactant source due to atmospheric air. Because of this, the air cathode is the most important component of the system. Li-air batteries deliver specific energy of 3–4 times as high as that of the state-of-the-art lithium-ion batteries, based on the inexhaustible oxygen gas from outside of the battery.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Lithium Air Batteries market throughout the predicted period.
PolyPlus (United States), Liox Power (United States) and Mullen Technologies Inc. (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Lithium Air Batteries market by Type (Aprotic, Aqueous, Solid-State and Mixed Aqueous/Aprotic), by Application (Automotive Industry, Electronic Appliances, Medical Devices and Others) and Region with country level break-up.
On the basis of geography, the market of Lithium Air Batteries has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
SAE International (Society of Automotive & Aerospace Engineers) is a professional organization for the aerospace, automotive, and commercial vehicle industries. SAE develops standards for engineering professionals. With hybrid and fully electric vehicles now entering the marketplace in large numbers, the need for battery standards is getting greater attention. Key SAE standards for lithium batteries include:, SAE J 2929 (Electric and Hybrid Vehicle Propulsion Battery System Safety Standard-Lithium -Based Rechargeable Cells) and SAE J 2464 (Electric and Hybrid Electric Vehicle Rechargeable Energy Storage System (RESS) Safety and Abuse Testing)
Market Trend
- Development of Flexible and Wearable Electronic Devices
- Rising Adoption of Electric Vehicles
Market Drivers
- Increasing Demand for Advanced Energy Storage Solutions
- Rising Penetration of Lithium Batteries in Consumer Goods and Electronic Appliances
- Strict Government Regulations for Environment
Opportunities
- Lithium-air technology is creating new opportunities for up and coming mining companies as the demand for lithium is increasing. More lithium will be required for more due to its versatility, and also because of the need for environmentally friendly power consumption solutions. Other devices that can benefit from these new batteries extend to more than just electric vehicles and cell phones.
Restraints
- The Price of Lithium-Air Battery is Relatively High
Challenges
- Cost of Production is high
Key Target Audience
Manufacturers of Lithium-Air Battery, Suppliers of Lithium-Air Battery, Wholesalers, Distributors and Retailers of Lithium-Air Battery, Raw Material Providers, Regulatory Bodies and Governmental Bodies