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| Global Breathing Battery Market Size |
The global Breathing Battery Market is estimated to be valued at US$ 19.39 Mn in 2023 and is expected to
exhibit a CAGR of 8.4% over the
forecast period 2023 to 2030, as highlighted in a new report published by
Coherent Market Insights.
Breathing battery refers to a future class of battery technologies that can
breathe oxygen from the atmosphere to recharge themselves. This reduces
dependency on scarce and costly materials in traditional batteries. Breathing
batteries enable higher energy densities and longer lifetimes.
Market key trends:
One of the key trends in the breathing battery market is the development of
battery technologies that can utilize atmospheric oxygen directly rather than
sulfuric acid or other liquid electrolytes. This helps reduce the weight and
cost of batteries. Researchers are working on developing zinc-air and
lithium-air battery technologies that can breathe in oxygen through exposed
cathode surfaces and plate and strip zinc or lithium efficiently on the anode
side during charge and discharge cycles. This promises higher energy densities
than lithium-ion batteries. Another key trend is the focus on developing
commercial prototypes and scaling up manufacturing through partnerships and
investments in key players.
Segment
Analysis
The breathing battery market is segmented into zinc-air, manganese oxide,
lithium-air, and lithium-sulfur. The zinc-air segment dominated the market in
2023 and is expected to continue its dominance during the forecast period.
Zinc-air batteries have high energy density, are environment-friendly, and
low-cost which makes them suitable for large-scale energy storage applications.
Key Takeaways
The Global
Breathing Battery Market Size is expected to witness high growth,
exhibiting CAGR of 8.4% over the
forecast period, due to increasing demand for sustainable and cost-effective
energy storage solutions.
Regional analysis
North America dominated the global breathing battery market in 2023 and is
expected to continue dominating during the forecast period. High investment in
R&D of innovative energy storage technologies and presence of key players
in the US and Canada are driving the market in the region.
Key players
Key players operating in the breathing battery market are IBM Corporation,
Zinc8 Energy Solutions Inc., PolyPlus Battery Company, Panasonic, Tesla, Fuji
Pigment, and Breathe Battery Technologies Limited. IBM Corporation and Zinc8
Energy Solutions Inc. are prominent players developing zinc-air based breathing
battery technologies.
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