April 14, 2014
BCC Research (www.bccresearch.com) reveals in its new report, AIR-ELECTRODE BATTERIES: MATERIALS, TECHNOLOGIES, AND GLOBAL MARKETS, the global metal air batteries market is expected to grow to nearly $1.7 billion by 2018, with a five-year compound annual growth rate (CAGR) of 31%. Hearing aid devices, the fastest-growing segment, is moving at a steady 3.7% CAGR.
Thanks to recent advancements in battery science and cell architecture, metal-air batteries are quickly becoming critical to a wide range of energy applications. Hearing aid devices, currently the largest segment, is expected to reach $489 million by 2018.
However, because of the relatively long life and considerably lower cost of zinc-air modules compared to existing technologies, the energy storage category is forecast to dominate the overall market and is projected to reach $841 million by 2018.
“The product life cycle is at the introduction stage and the market potential is enormous,” says BCC Research fuel cell and battery analyst Alessandro Varotto. “Increase in fossil fuel price accompanied by new regulations and increase in the use of renewable energy sources will drive significant growth within the energy storage and electric vehicles segments.”
AIR-ELECTRODE BATTERIES: MATERIALS, TECHNOLOGIES, AND GLOBAL MARKETS provides an overview of the global market for metal-air batteries, including an analysis of global market trends, with data from 2012 and 2013, and CAGR projections through 2018. It also discusses the market in terms of industry organization, key market drivers and limiters, marketing and business strategies, environmental considerations, and governmental regulation. In addition, this report presents profiles of key market players as well as small startups.
The report is intended for professionals in the energy generation and storage market, the chemical industry, engineering, government agencies, and venture capital firms.
Editors and reporters who wish to speak with the analyst, should contact Steven Cumming at steven.cumming@bccresearch.com.
Air-Electrode Batteries: Materials, Technologies, and Global Markets( FCB038A )
Publish Date: Mar 2014
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.