The global Lithium-air battery market is anticipated to grow at a CAGR of 7.2% during the forecast period (2024-2031). Although the technology is still at its nascent stage, growing collaboration between public and private research institutions and organizations is the key factor contributing to overall market growth. For instance, In February 2023, Researchers at the Illinois Institute of Technology and the US Department of Energy’s Argonne National Laboratory developed a lithium-air battery with a polymer-based solid electrolyte. According to the researchers, it offers superior safety and performance. The solid electrolyte is composed of a ceramic polymer material made from relatively inexpensive elements in nanoparticle form. Specifically, the new composite electrolyte is based on Li10GeP2S12 nanoparticles embedded in a modified polyethene oxide polymer matrix, which enables chemical reactions that produce lithium oxide (Li2O) on discharge.
Browse the full report description of “Lithium-air Battery Market Size, Share & Trends Analysis Report by Type (Aprotic, Aqueous, Solid-state and Mixed aqueous-aprotic), by End User (Automotive, Consumer Electronics, Energy Storage and Other (Aerospace and Defense, Medical Devices)), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/lithium-air-battery-market
In December 2021, NIMS and SoftBank Corp. collaborated to develop a lithium-air battery providing an energy density exceeding 500Wh/kg, a considerable improvement compared to current lithium-ion batteries. Further experimentation verified the battery's ability to charge and discharge effectively at room temperature. Additionally, the research team observed that the developed battery demonstrated the highest energy densities and most favourable cycle life performances on record. These findings represent a significant advancement in the potential practical application of lithium-air batteries.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By End User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- The major companies in the global Lithium-air battery market include Tesla Inc., and Mullen Technologies Inc. among others.
Key questions addressed by the report.
Global Lithium Air Battery Market Report Segment
By Type
By End User
Global Lithium Air Battery Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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