Wilmington, Delaware, United States, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - In 2021, the global market value of breathing battery was valued at US$ 16.5 Mn. Insights on the breathing battery market expect the market to develop at a CAGR of 8.5% during the forecast period, from 2022 to 2031. The global breathing battery market is anticipated to attain valuation of US$ 34.4 Mn by 2031. The positive electrode of breathing batteries is built from lightweight permeable carbon, and lithium ions are packaged into the electrolyte that flows through the spongy substance. As a result, the sales of breathing battery market are anticipated to grow considerably during the forecast timeline. Additionally, compared to traditional batteries, the cost of the raw materials required to produce breathing batteries is quite lower.
Latest improvements in the breathing battery industry show that producers are concentrating more on niche markets, such as transportation, automotive, and military industries due to rising demand for electric vehicles and drones, respectively. As a result, it is anticipated that businesses making breathing batteries would raise their production capacity and concentrate more on developing breathing batteries that are more effective and durable.
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In 2021, Asia Pacific held about 51% share of the global breathing battery market and account for a considerable market share for breathing battery market, according to regional analysis of the market. Due to the growing industrialization and rising demand for breathing batteries in the regional aerospace and military industries, the region is anticipated to remain a highly profitable market in the forthcoming years.
Key Findings of Market Report
- Lithium-ion batteries, which are now used in computers and smartphones and are expected to be utilized in electric automobiles in the future, are nearing their technical limits. Everyone is looking for a solution to increase the quantity of lithium that is stored in a battery to increase its capacity. Electric vehicle manufacturers are likely to show a lot of interest in the making of innovative breathing batteries. Consequently, there is a significant need for breathing batteries and a growing market for them in electric vehicles.
- Given the affordable cost of the ingredients needed to manufacture a breathing battery, the chemical cost of the battery is low. As a result, it is anticipated that growing market demand for breathing batteries will result from their low price.
- The lithium-air battery category dominated the breathing battery market in terms of type. Due to the absence of one of their primary constituents (oxygen), along with the low density of lithium metal, lithium-air batteries are able to store the same energy per kg as a gasoline engine. In other words, the batteries could store energy 10 times more densely than that of the best battery packs in existing electric cars. Experts expect that it would allow automobiles to drive up to 800 kms before requiring recharging.
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Global Breathing Battery Market: Key Players
Some of the key market players are
- Xinjiang Joinworld Co., Ltd
- Lithium Air Industries
- Phinergy
- De Nora Tech, Inc.
- Duracell Inc
- ACTXE Limited
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Global Breathing Battery Market: Segmentation
Type
- Lithium-air (or lithium-oxygen) Battery
- Aluminum Air Battery
- Zinc-Air battery
- Calcium-Air Battery
- Other
Capacity
- Up to 10 KWh
- > 10 KWh-50KWh
- > 50KWh-100KWh
- > 100KWh
End Use
- Utility Energy Storage
- Automotive
- Defense
- Consumer Electronics
- Power
- Others
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