Air Electrode Battery Market Size To Reach $2.82 Billion By 2030

Air Electrode Battery Market Growth & Trends

The global air electrode battery market size is anticipated to reach USD 2.82 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 11.2% from 2025 to 2030. Rising demand for air electrode battery among the end-use markets, along with increasing R&D activities focusing on the advancement of battery technology, is likely to drive the market over the forecast period.

The air electrode battery offers several benefits, such as lower environmental impact, higher electrochemical performance, and higher storage capacity when compared to conventional ion batteries. These characteristics are expected to enhance the commercial viability of the product. The rising utility of battery energy storage systems, increasing adoption of electronic gadgets, and the growing deployment of electric vehicles are among the key factors positively influencing the industry landscape.

Industry participants are funding R&D activities in order to enhance the technical and economic aspects of air electrode battery manufacturing, offering lower battery cost, longer life, and better performance than conventional batteries. Companies are adopting several strategies, such as new product offerings, joint ventures, collaborations, and mergers & acquisitions, to enhance their foothold in the industry.

Lower energy efficiency and shorter life cycle are among the key factors expected to hinder the market growth. In addition, the coronavirus outbreak has directly impacted the industry supply chain. Electrode material producers, raw material suppliers, and battery pack manufacturers are estimated to suffer a huge setback, resulting in delayed manufacturing and marketing activities for the market.

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Air Electrode Battery Market Report Highlights

• Fuel cell is anticipated to be the fastest-growing battery type segment over the forecast period owing to its widespread usage in transportation and emergency, stationary, and portable backup power applications.

• The rechargeable segment is expected to grow at a CAGR of 10.3% from 2025 to 2030, driven by the rising demand for energy storage systems and the continuous advancements in rechargeable battery technologies.

• The transportation application segment is anticipated to expand at the fastest CAGR over the forecast period owing to the growing adoption of fuel cell electric vehicles

• The military devices segment is projected to grow at the fastest CAGR of 11.1% over the forecast period.

• The Asia Pacific is projected to expand at the fastest growth rate over the forecast period. Proliferating electronic manufacturing market due to the ever-increasing consumer base, along with growing applications in major economies, such as China, Japan, and India, is anticipated to bolster the regional market growth.

Air Electrode Battery Market Segmentation

Grand View Research has segmented the global air electrode battery market report based on type, application, and region:

Air Electrode Battery Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Rechargeable

• Fuel Cells

• Non-rechargeable

Air Electrode Battery Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Transportation

• Medical Devices

• Military Devices

• Others

Air Electrode Battery Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

• Middle East and Africa (MEA)

List of Key Players of Air Electrode Battery Market

• Phinergy

• Mullen Technologies, Inc.

• Poly Plus Battery Company

• Tesla Inc.

• Hitachi Maxell Ltd.

• Volkswagen Ag

• Sanyo Electric Co., Ltd.

• BASF Global

• Panasonic Corporation

• LG Chem Ltd.