Automotive is Expected to Dominate the Global Breathing Battery Market
Increased
Demand for Portable Power and Advancements in Battery Technology is a major
factor attributable to the growth of the market.
According to TechSci
Research report, “Global Breathing
Battery Market - By Country, Competition, Forecast & Opportunities, 2028”. The Global Breathing Battery is anticipated to project
robust growth in the forecast period with a CAGR of 10.84% through 2028. Due to their high energy
density, these air batteries are able to store a significant amount of energy
compared to their weight. This factor is expected to drive market growth during
the forecast period. Moreover, breathing batteries offer a more environmentally
friendly alternative to conventional batteries. They use oxygen from the air as
one of the reactants, reducing the need for heavy and bulky cathode materials.
This results in reduced resource consumption and potentially lower
environmental impact compared to batteries that rely on rare or toxic
materials. This is anticipated to propel the growth of breathing battery market
forecast period.
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Based on Battery Type,
Increase in Demand and Huge Potential for Breathing Battery in Electric
Vehicles Lithium ion batteries used in laptops and cellphones, and tipped for
future use in electric cars, are approaching their technological limits. A
standard lithium ion battery contains a negative electrode of graphite, a
positive electrode of lithium cobalt oxide, and a lithium salt-containing
electrolyte. Lithium ions shuttle between the two electrodes during charging
and discharging, sending electrons around the external circuit to power a
gadget in the process. The issue with this design is that the lithium cobalt
oxide is bulky and heavy. A major barrier to
increasing the energy density of these batteries is the positive electrode.
Everyone wants to find a way to boost the amount of lithium stored in a battery,
which would raise its capacity. The absence of dense lithium cobalt oxide
enables the new breathing battery to have a higher energy density than current
lithium ion batteries. Instead, the positive electrode is made from lightweight
porous carbon, and the lithium ions are compressed into the electrolyte, which
floods into the spongy material. When the battery is discharged, oxygen from
the air also floods through a membrane into the porous carbon, where it reacts with
lithium ions in the electrolyte and electrons from the external circuit to form
a solid lithium oxide. Therefore, the design of new breathing battery is
expected to be a great area of interest in electric vehicles.
Based on Region, Asia
Pacific will dominated the market. Regional analysis of the research report on
breathing battery market indicates that Asia Pacific dominated the global
breathing battery market and held 51% share in 2021. The region is expected to
remain highly lucrative
market during the
forecast period, due to rapid industrialization and rise in demand for
breathing battery in defense and aerospace industry in the region. China is the
fastest growing battery market for breathing battery in Asia Pacific, owing to
growth of industries such as electronic and energy in the country. China is a
major hub for electronics products that employ
breathing battery due
to the latter’s superior properties over metals and alloys.
Key
market players in the Global Breathing
Battery Market are following:-
- Renata SA
- Ev Dynamics (Holdings)
Limited
- Lithium Air Industries
- Zinc8 Energy Solutions
Inc.
- PolyPlus
- Phinergy
- GPIndustrial
- Energizer Holdings
Inc.
- IBM
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“The global breathing
battery market is driven by several compelling factors that are reshaping the
landscape of energy storage and sustainable power solutions. Firstly, the
escalating demand for portable power sources in our increasingly connected
world is a major driver. As consumers rely on smartphones, wearables, and other
mobile devices, the need for compact and efficient batteries like breathing
batteries has surged. Secondly, advancements in battery technology are
propelling the market forward. Breathing batteries, with their high energy
density and rapid charge/discharge capabilities, are emerging as a potential
game-changer. Their potential applications in electric vehicles, renewable
energy integration, aerospace, and medical devices are driving extensive
research and development efforts. The global shift towards electric vehicles
constitutes another critical driver. Breathing batteries offer advantages like
extended driving ranges and shorter charging times, making them an appealing
alternative to traditional lithium-ion batteries, which are currently dominant
in the EV market. Furthermore, the pressing concern for environmental
sustainability and the need to reduce carbon emissions have led to a focus on
cleaner and more efficient energy storage technologies. Breathing batteries,
with their eco-friendly materials and chemistries, align well with these
sustainability goals.
Government
initiatives, incentives, and regulations promoting cleaner energy technologies
and reduced carbon emissions are also stimulating market growth. Financial
support and regulatory encouragement are driving research and commercialization
efforts in the breathing battery sector. In conclusion, the global breathing
battery market is being driven by the increasing demand for portable power,
ongoing advancements in battery technology, the rise of electric vehicles, environmental
concerns, and supportive government policies. These drivers collectively
indicate a promising future for breathing batteries as they address the
evolving needs of various industries and pave the way for a more sustainable
energy future.” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based global management
consulting firm.
Breathing Battery Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast Segmented by Battery Type (Lithium air battery, Aluminum air
battery, Zinc air battery, Calcium air battery, Others), by End-use Industry
(Automotive, Manufacturing, Defense, Utility energy storage, Consumer
electronics, Others), By Region, Competition 2018-2028 has evaluated the future growth potential
of Global Breathing Battery Market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Global Breathing Battery Market.
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