The global metal-air battery market revenue was around US$ 424 million in 2021 and is estimated to reach US$ 1,715 million by 2031, growing at a compound annual growth rate (CAGR) of 15% during the forecast period from 2022 to 2031.

The metal-air battery system is a type of energy storage that depends on an electrochemical reaction between a positive air electrode and a negative metal electrode to create a charge. It is frequently promoted as the future of energy storage for uses like grid energy storage and in the use of electric vehicles due to their theoretically better energy density than lithium-ion batteries.

Factors Influencing Market Growth

- Technological innovations for the production of metal-air batteries, including 3D printing and laser processing. Such, these factor drives the market growth.

- Manufacturers are focusing on creating compact, powerful batteries, which are anticipated to extend and propel the market expansion.

- Increase in demand for very energy-dense storage batteries. Thus, it is anticipated to boost the market expansion.

- Large investments in metal-air battery research and development are predicted to limit market growth.

Study of the COVID-19 Pandemic

The COVID-19 pandemic had a negative impact on the market. The demand from the automobile and electronics appliance enterprises directly correlated with the sales of metal-air batteries. However, many industries, including electronics, automotive, and chemical enterprises had a detrimental impact. which affected the supply chain and reduced the demand for batteries. Due to the government enacted a lockdown, industries experienced revenue declines, price rises, and a brief manufacturing halt.

Furthermore, during the crisis, social norms, closed borders, and production restrictions brought on by the pandemic in nations like India, China, and the U.S.

Regional Insights

Asia-Pacific dominated the market and it is anticipated that it would continue to be the subsegment with a rapid growth rate during the projection period. The metal-air battery demand is rising quickly in nations like India and China because it is a clean alternative to fuels based on petrol. This is mostly due to the rise in demand for better metal-air batteries from the consumer renewable energy, electronics, and electric vehicle industries.

Leading Competitors
The leading competitors in the global metal-air battery market are:
- Phinergy
- Log9 Materials
- Zinc8 Energy Solutions Inc
- PolyPlus Battery Company
- Renata SA
- Arotech Corporation
- GP Batteries International Limited
- Ionomr Innovations Inc
- Energizer Holdings
- ZAF Energy Systems
- ACTXE LIMITED
- Others
Segmentation Analysis
The global metal-air battery market segmentation focuses Metal, Voltage, Application and Region.
Segmentation based on Metal
- Zinc
- Aluminium
- Iron
- Lithium
- Others
Segmentation based on Voltage
- Low
- Medium
- High
Segmentation based on Application
- Electric Vehicles
- Military Electronics
- Electronic Devices
- Stationary Power
- Others
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific

- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA

- South America
- Brazil
- Argentina
- Rest of South America