Wilmington, Delaware, United States, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - In 2021, the value of global aluminum-ion battery market was worth US$ 4.2 Bn. The global market is projected to expand at 6.6% CAGR during the forecast period, from 2022 to 2031. The global aluminum-ion battery market is anticipated to touch value of US$ 8 Bn by 2031. Due to the absence of dense lithium cobalt oxide, the new aluminum-ion battery is capable of charging 60 times faster than a traditional lithium-ion battery pack. Since the battery swaps three electrons per ion during recharging and then returns to the negative electrode in the battery, which is expected to drive future of aluminum-ion battery market throughout the projected timeframe.
The durability of aluminum-ion batteries is improved further compared to lithium-ion cells by the fact that aluminum is also among the most recyclable elements on the planet. This factor is expected to fuel market demand for aluminum-ion battery in the near future. The rising demand for portable electronics has caused manufacturers to concentrate increasingly on industries including transportation, automobile, and defense. As such, it is anticipated that key vendors in aluminum-ion battery market involved in the production of aluminum-ion batteries will concentrate more on the production of a graphene-based battery that is more effective and long-lasting. Graphene-based battery is one of the important trends in aluminum-ion battery market.
Request Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84906
In 2021, Asia Pacific maintained a commanding share of 76.2% of the global market for aluminum-ion battery, based on an assessment of the regional industry trends. The growing modernization of the region and rising demand for aluminum-ion batteries in the transportation and automotive industries are likely to keep the region's economic prospects bright during the forecast timeline.
Key Findings of Market Report
- The metal that is found in the world's crust most frequently is aluminium. In light of this, the Aluminum-ion battery is expected to play a significant role in the global energy transformation that has already begun. The expansion of the global market for Aluminum-ion battery is anticipated to be fueled by Aluminum’s relatively low cost over the forecast timeline.
Make an Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=84906
Global Aluminum-ion Battery Market: Key Players
Some of the key market players are
- Albufera Energy Storage S.L.
- Graphene Manufacturing Group Ltd.
- Robert Bosch GmbH
- Phinergy Ltd
- Ionix Technology, Inc.
- TasmanIon
Ask References: https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=84906
Global Aluminum-ion Battery Market: Segmentation
Capacity
- 0-200 mAh
- 200-600 mAh
- 600-1000 mAh
- 1000 mAh and Above
Application
- Electric Vehicle
- Portable Devices
- Grid Storage
- Medical Equipment
- Others
End Use
- Automotive and Transportation
- Consumer Electronics
- Energy Storage System
- Healthcare
- Industrial
- Others
Regions Covered
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Browse More Energy and Natural Resources by TMR:
Bioplastic Textiles Market - Bioplastic Textiles Market to Advance at CAGR of 11.9% During 2022-2031
Alternate Marine Power Market - Alternate Marine Power Market to Advance at CAGR of 11.2% During 2022-2031
Breathing Battery Market - Breathing Battery Market to Register CAGR of 8.5% from 2022 to 2031
High Voltage Direct Current (HVDC) Transmission System Market - High Voltage Direct Current (HVDC) Transmission System Market to Register CAGR of 7.1% from 2022 to 2031
Forklift Battery Market - Forklift Battery Market to Register CAGR of 6.8% from 2022 to 2031
Wire and Cable Recycling Market - Wire and Cable Recycling Market to Register CAGR of 6.2% from 2022 to 2031
Hydro Turbine Market - Hydro Turbine Market to Register CAGR of 5.0% from 2022 to 2031
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
For More Research Insights on Leading Industries, Visit our YouTube channel - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
