Air Electrode Battery Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and Forecast Research Report, 2027
“The global air electrode battery market size was accounted for USD 1.01 billion in 2019. The market is anticipated to grow at 9.0% CAGR over the forecast duration, 2020 to 2027.”
The global air electrode battery market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global air electrode battery market size is estimated to account for USD 2.02 billion by 2027, according to a new report by Million Insights. The market is predicted to register 9.0% CAGR over the forecast duration. Increasing use of air electrode battery in various end-use applications and rising expenditure on research and development are driving the product demand. Air electrode batteries have multiple advantages such as increased storage capacity, higher electrochemical performance and environmental friendliness. These benefits have resulted in the high adoption of these batteries compared to ion batteries. In addition, the growing use of these batteries in electronic gadgets is likely to spur their demand. Market Share Insights Key market players are adopting various strategic initiatives such as partnerships, the introduction of new products, and merger & acquisition among others. These strategic initiatives help industry players to strengthen their position in the market and gain a competitive edge over others. Further, to improve the performance, durability and lower the cost, market players are investing a significant amount in research and development. Key market players include Volkswagen Ag, Mullen Technologies, Inc., BASF Global, LG Chem Ltd., Tesla Inc., and Panasonic Corporation among others.