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Global Lithium-air Battery Market

Global Lithium-air Battery Market

  • June 2018
  • 42 pages
  • ID: 5778368
  • Format: PDF
  • By Mordor Intelligence LLP

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Lithium Air or LI-Air batteries are high capacity lithium batteries. Unlike traditional LI-ion batteries which use intercalated lithium compound, these Li-Air batteries use Lithium and Air (or oxygen). These type of batteries produce current by oxidizing lithium at anode and reducing oxygen at cathode. These batteries have high capacity which is around 5-10 times that of li-ion battery. This makes them highly desirable for electric vehicles and other utilities which need high capacities. Even though the technology was proposed in 1970`s, it wasn’t until 2000 that the technology went mainstream, due to material technology advancements. High capacity and low weight is drawing the interest of electric vehicle companies, this has generated increased investments in this technology. With recent breakthroughs in technology, scientists can now successfully create a fully functional Li-Air battery. Many leading energy companies and startups are working on this technology. With this pace and high investments the technology could be available for commercial use as early as 2018.

If successful the technology could completely revolutionize the automotive industry, by increasing the range of EV`s to match that of Internal Combustion Engine cars. It is possible to produce electric cars with range above 500 Kilometers per charge. High investments and need for efficient batteries is driving the growth in this market. This will help us reduce our carbon foot print and also decrease our dependence on fossil fuels. But more advancements have to be made before commercially usable prototypes can be produced. This technology has huge potential globally as the demand for renewable sources is increasing. USA and Europe will see high initial demand while Asia and Middle East will have massive growth opportunities.

The study, besides estimating the ’Li-Air Batteries’ market potential till 2025, analyzes on who can be the market leaders and what partnerships would help them to capture the market share. The report gives an overview about the dynamics of the market, by discussing various aspects such as drivers, restraints, Porter’s 5 forces, value chain, customer acceptance and investment scenario.

The study in brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized. It approximates the time for innovation, in order for the industry to maintain a stable growth over a sustained period. The report also details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

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