Global lithium air batteries market will grow at a CAGR of 12.3% between 2017 and 2022.
The report covers forecast and analysis for the lithium air batteries market on a global and regional level. The study provides historic data of 2014, 2015, and 2016 along with a forecast from 2017 to 2022 based on revenue (USD million). The study includes drivers and restraints for the lithium air batteries market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the lithium air batteries market on a global level.
In order to give the users of this report a comprehensive view on the lithium air batteries, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the lithium air batteries market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view on the lithium air batteries market by segmenting the market based on types and applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Key application segments covered under this study include electronics, electric cars, and grid backup. On the basis of types, the market has been segmented into conventional lithium air batteries and nano lithium air batteries. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This segmentation includes demand for lithium air batteries based on individual applications and types in all the regions and countries.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Companies in the lithium air batteries market are targeting on innovation and locating their products at competitive prices. The researchers are hoping to go from proof of theory to a commercial model in upcoming years. Some of the major players involved in the global lithium air batteries market include Mullen Technologies Inc., Poly Plus Battery Company, and Lithium Air Industries.
This report segments the global lithium air batteries market as follows:
Lithium Air Batteries Market: Types Analysis
Lithium Air Batteries Market: Application Analysis
Lithium Air Batteries Market: Regional Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Lithium Air Batteries market. Zion Research has collected and analyzed key data belong to the global Lithium Air Batteries market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Lithium Air Batteries across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Lithium Air Batteries industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Lithium Air Batteries market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Lithium air batteries with their exceedingly high theoretical specific energy have become a core of research and development on future battery technologies. A lithium air battery has a high energy density with 90% efficiency and can be recharged 2000 times more than lithium ion batteries. Lithium air batteries could hold more than four times the energy per kilogram of lithium-ion batteries. To induce a current, lithium air battery recycles reduction of oxygen at the cathode and oxidation of lithium at the anode. In the process, to store charge the air changes state from gaseous to solid as it binds with lithium and then converts back from solid to gaseous as the charge is drained. At the time of low current discharge, lithium air batteries function as a high capacity battery while at the time of large current discharge, lithium batteries function as a high power battery.
Lithium air batteries market is segmented on the basis of type and application. On the basis of type, lithium air batteries market is segmented into conventional lithium air batteries and nano lithium air batteries. Conventional lithium air batteries are really lithium dry air batteries because lithium air batteries can’t handle moisture or carbon dioxide. Conventional lithium air batteries held the largest market share due to huge demand across the globe. Conventional lithium air batteries could propel the clean energy industry. On the basis of application, lithium air batteries market is segmented into electronics, electric cars, and grid backup. The electronic segment is estimated to account for the largest lithium air batteries market shares among all the applications.
Growing demand for smart devices, increase in demand for electric vehicles and development towards the enhancement of lithium air batteries are expected to remain the major driving factors for the growth of lithium air batteries market. The global lithium air batteries market offers new growth opportunities, due to increase in growth of new technologies, adoption in new applications due to declining prices of lithium air batteries. Restraining factor for the growth of lithium air batteries market is an improvement to battery capacity. Development of lithium sodium ion batteries and lithium sulfur ion batteries are expected to act as substitutions for lithium air batteries.
Based on regional segmentation, Europe was the most attractive market for the lithium air batteries in 2016. It accounted for more than 30% share of the entire market and further it is expected to witness significant growth in the near future. For the time being, regions such as Europe and U.S tend to be saturated in economic development for the growth of lithium air batteries market. The countries of emerging economies such as China and India are on the rise for the demand of lithium air batteries market. Among the Asia Pacific countries, the average output growth rate of lithium air batteries market is in China. The global lithium air batteries market strived to expand their operations in developing regions.
Companies in the lithium air batteries market are targeting on innovation and offering their products at competitive prices. The researchers are hoping to go from proof of theory to a commercial model in upcoming years. Some of the major players involved in the global lithium air batteries market include Mullen Technologies Inc., Poly Plus Battery Company, and Lithium Air Industries among others.