The Chinese Academy of Sciences researchers have developed an aluminum-air battery that uses a novel class of oxygen-evolving catalysts to achieve a high energy density and long cycle life.
A Memorandum of Understanding has been signed by Phinergy and Aditya Birla Group Hindalco to explore and test the manufacturing of aluminum plates for aluminum-air batteries in India.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 3341
Published Date: Jan 05, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The rise in sale of electric vehicles, and growing interest in renewable energy storage system are some of the major factors anticipated to drive the growth of the aluminium air battery market.
The market is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2024 â€“ 2036.
The major players in the market are of RiAlAiR Limited, Xinjiang Joinworld Co., Ltd., Aqua Power Systems, Inc., Arotech Corporation, Zhongke Metal, Zinc Energy Solutions Inc., Toyota Motor Corporation, Fuji Pigment Co., Ltd., SuperPower Inc., Phinergy Limited, Alcoa
The military applications segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.