Aluminum-air Battery Market: Overview
- 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
- Aluminum-air battery does not use electricity to recharge. It is safe, has long life cycle and higher range, and is compact.
- Aluminum-air battery can be mechanically recharged with new aluminum anodes made from recycling hydrated aluminum oxide. The aluminum is used as an anode, while the oxygen in the air is used as cathode.
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Key Drivers of Global Aluminum-air Battery Market
- The aluminum-air battery market has been expanding owing to the increase in demand for electrical vehicles across the globe in order to minimize the use of fossil fuels
- Easy availability of raw material, i.e. aluminum, in large quantities in the production of aluminum-air batteries is anticipated to boost the global aluminum-air battery market
- High cost of the anode and issues with corrosion of the aluminum anode due to carbon dioxide in air are estimated to hamper the global aluminum-air battery market
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Key Players Operating in Aluminum-air Battery Market
Leading companies operating in the global aluminum-air battery market include:
- Xinjiang Joinworld Co.Ltd.
- Phinergy
- Alcoa
- China Dynamics
- Mingtai
- Jiangxi Anyuan Aluminum & Electricity Co Ltd
- Renault-Nissan
- Nantong Zhongke Metal
- Fuji-pigment
- Global Aluminum-air Battery Market, by Type
- Primary Aluminum-Air Battery
- Mechanical Rechargeable Secondary Aluminum-Air Battery
Global Aluminum-air Battery Market, by Application
- Telecom Towers
- Hospitals
- Automotive
- Military
- Consumer Electronics
- Aerospace
- Others
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