Aluminum Air Battery Market, by Type (Two-Wheeler, Passenger Cars, Light Commercial Vehicles and Others), Regional Outlook (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

Aluminum air batteries produce energy from the reaction of oxygen with aluminum. It is considered to have the highest energy densities among all the batteries, as a part of the reactants comes from air. Aluminum air batteries use aluminum oxidation on the anode and oxygen reduction on the cathode to form a voltaic cell. The energy for the battery comes from the electricity consumed in the aluminum refining process. During this process, aluminum is consumed completely to form aluminum hydroxide. Aluminum air batteries are developed to generate energy to be used on a long-term basis, for example in electric vehicles. The biggest problem in the usage aluminum air battery is that it loses charge at a faster rate. Aluminum is easily affected by corrosion due to the presence of carbon dioxide in air. When these batteries are stored for a longer period of time, the electrolyte corrodes the aluminum anode and within a span of a month the battery loses almost 80% of the charge. On the other hand, lithium ion batteries lose only 5% of its charge. With the electrolyte present in the batteries, oxidation reaction takes place at the aluminum anode and reduction reaction at the cathode; this process transfers the ions from the cathode to anode during discharge.

Increasing use of electric vehicles and rising investment by the automotive companies in the aluminum air battery can be the major driving factors for the aluminum air battery market

Aluminum air batteries have the potential to produce power to operate cars and other vehicles. These batteries can generate sufficient energy and power for driving and as well as acceleration similar to that produced in gasoline powered vehicles. The increased use of electric vehicles and the automobile companies investing more on their R&D in electric vehicles are predicted to be the major driving factors for the aluminum air battery market. The energy density of the aluminum air battery is eight times more than that of the lithium ion battery, and the price of aluminum air battery is also cheap as compared to that of the lithium ion battery. Due to these factors, companies are opting for aluminum air batteries for electric vehicles with improved built in rechargeable batteries. For instance, the increasing advancement in technology in the battery have increased the usage of hybrid electric vehicles with various features that consume substantial amount of the battery. The features consist of air conditioning, GPS navigation, and power windows among others which display the given information about the charge level of the battery.

Rechargeable batteries can possess a great investment opportunity for the investors

Aluminum air batteries are made of primary cells which are not rechargeable in nature. But due to the possibility of recharging the battery mechanically with the new aluminum anodes made from recycling the hydrated aluminum oxide it can be charged over and again. Thu, this rechargeable aluminum air battery is predicted to have immense opportunity in the market. Many companies are improving the product to increase the longevity of the battery when it is not in use. For instance, Brandon Hopkins along with Yang Shao Horn and Douglas hart at MIT reported a method that can drastically alleviate the corrosion of anode without hampering the battery output.

Aluminum Air Batteries, by Vehicles type:

Two wheeler vehicles type is found to be the most lucrative by 2026

Aluminum air batteries have the potential to produce power to operate cars and other vehicles. Aluminum air batteries have enough energy and power for helping vehicles to drive long ranges and similar to the gasoline powered cars. Advances in aluminum air battery technology will allow electrically powered vehicles to become more realistic and competitive with other vehicles. At present the most used two-wheeler electric vehicles are powered by lithium ion battery packs and have a driving range of 150 Km. After that, the driver has to plug a 240 V charger for almost six to eight hours to fully charge the vehicle. The use of aluminum air battery is going to eradicate the problem of charging over and over. In an aluminum air battery, 25 Kg of aluminum will provide a driving range of about 1600 Km and the entire weight of the battery will be 90 Kg. However, once the aluminum is consumed, the battery will need to be replaced, which can be a huge restraint for the market. To overcome the issue some power station, service station, or power swapping station must be readily available to the driver.

Aluminum Air Batteries, by Region:

Asia-Pacific accounted to have the highest growth in the forecast period.

The Asia-Pacific region for aluminum air battery market is predicted to grow due to increasing use of electric vehicles and rapidly increasing installation of power. Due to the availability of skilled labor, low production, and setup cost, major automotive companies are planning to setup construction plants across Asia-Pacific region. These factors are predicted to drive the aluminum air battery market in this region. Europe region witnessed the presence of the large number of major automotive manufacturers. The demand for the Electric vehicles is increasing day by day due to which there are huge chances that the automotive manufacturers will invest in the manufacturing of electric vehicles, which in turn will give an immense boost to the aluminum air battery market in the Europe region during the forecast period. North America market is expected to grow due to the adoption of new technologies, high level of R&D expenditure rising customer awareness about the latest technology and favorable government.