Metal-Air Battery Industry on Track for $993 Million Milestone by 2027
Metal-air battery market is projected to grow from USD 498 million in 2022 to USD 993 million by 2027 , at a CAGR of 14.8% from 2022 to 2027 The quest for longer-lasting, more sustainable energy storage solutions continues, and metal-air batteries are emerging as a promising contender. Unlike traditional lithium-ion batteries, these innovative power sources utilize readily available metals like lithium, zinc, or aluminum as the anode and breathe in oxygen from the surrounding air as the cathode. This unique approach offers several exciting possibilities, particularly for electric vehicles. The Potential of Metal-Air Batteries: Metal-air batteries boast several key advantages over current lithium-ion technology: Higher Theoretical Energy Density: Metal-air batteries have the potential to store significantly more energy per unit weight compared to lithium-ion batteries. This translates to potentially longer driving ranges for electric vehicles or smaller, lighter batteries for porta