Product Code: OMR2023898
Full-title:Global Aluminum-based Battery Market Size, Share & Trends Analysis Report, By Application (Industrial, Automotive, and Others), By Type (Aluminum-Ion battery and Aluminum-Air Battery), and Forecast Period 2021-2027.
The global aluminum-based battery market is anticipated to grow at a CAGR of XX% during the forecast period. There is a lot riding on battery developments in the future ranging from smartphones to electric cars. Lithium-ion is seen as unstable for several causes. This may increase the adoption of aluminum-based battery. Aluminum-air batteries are regarded as a lower cost and more energy-dense substitute to lithium-ion batteries. Additionally, the graphene aluminum-ion battery cells from the Brisbane-based Graphene Manufacturing Group (GMG) are claimed to charge up to 60 times faster compared to the best lithium-ion cells and hold three times the energy of the best aluminum-based cells.
The producer of lithium-ion batteries is also considering the need to change. Therefore, researchers from the National Institute of Chemistry in Slovenia and the Chalmers University of Technology in Sweden have made a breakthrough in aluminum-ion batteries. The battery cells utilize nanotechnology for inserting aluminum atoms inside tiny perforations in graphene planes.
The global aluminum-based battery market suffered a downfall during the COVID-19 crisis as most of the economic activities were halted during Q1 and Q2 2020. Most major revenue-generating end-users of automotive, machinery, and aerospace manufacturing activities were adversely affected, leading to a decline in the demand for aluminum batteries, including fulfillment of previous orders by MRO clients as well. The COVID-19 lockdown had a significant impact on the battery supply chains due to the early lockdown in China, which is the leading manufacturing hub for batteries. The major affected end-user segment was automotive. Due to the COVID-19 pandemic, users stop moving out and there was a downfall in demand for electric vehicles.
The global aluminum-based battery market can be segmented based on application and type. Based on Application, the market is bifurcated into industrial, automotive, and others. Among the application, the automotive segment held a major market share. Based on type, the market is classified into aluminum-ion battery and aluminum-air battery. Among type, the aluminum-air battery is expected to hold a major market share during the forecast period.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is the fastest-growing region for aluminum-based batteries owing to the increasing demand for electric vehicles in the region. According to India Brand Equity Fund (IBEF), the Government of India, two and three-wheeler is expected to drive high electrification of the vehicles by 2025. In addition, the presence of established companies, which are consistently striving for extensive commercialization of their batteries and enhancing their geographical reach, in the APAC region backed by various government initiatives is anticipated to be a key factor escalating the growth of the regional market.
Research Methodology
The market study of the global aluminum-based battery market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
- Financial reports of companies involved in the market.
- Whitepapers, research papers, and news blogs.
- Company websites and their product catalog.
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
- Global Aluminum-based Battery Market Research and Analysis by Application
- Global Aluminum-based Battery Market Research and Analysis by Type
The Report Covers
- Comprehensive research methodology of the global aluminum-based battery market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global aluminum-based battery market.
- Insights about market determinants that are stimulating the global aluminum-based battery market.
- Detailed and extensive market segments with the regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Table of Contents
1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Impact Of COVID-19 on theGlobal Aluminum Based BatteryIndustry
- Recovery Scenario of the Global Aluminum Based BatteryIndustry
- 1.1. Research Methods and Tools
- 1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. ByRegion
2. Market Overview and Insights
- 2.1. Scope of the Report
- 2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion
3. Competitive Landscape
- 3.1. Key Company Analysis
- 3.2. Key Strategy Analysis
- 3.3. Impact of COVID-19 on Key Players
4. Market Determinants
- 4.1. Motivators
- 4.2. Restraints
- 4.3. Opportunities
5. Market Segmentation
- 5.1. Global Aluminum Based Battery Marketby Application
- 5.1.1. Industrial
- 5.1.2. Automotive
- 5.1.3. Others
- 5.2. Global Aluminum Based Battery Marketby Type
- 5.2.1. Aluminum-Ion Battery
- 5.2.2. Aluminum-Air Battery
6. Regional Analysis
- 6.1. North America
- 6.1.1. United States
- 6.1.2. Canada
- 6.2. Europe
- 6.2.1. UK
- 6.2.2. Germany
- 6.2.3. Italy
- 6.2.4. Spain
- 6.2.5. France
- 6.2.6. Rest of Europe
- 6.3. Asia-Pacific
- 6.3.1. China
- 6.3.2. India
- 6.3.3. Japan
- 6.3.4. South Korea
- 6.3.5. Rest of Asia-Pacific
- 6.4. Rest of the World
7. Company Profiles
- 7.1. Shenzen Nova
- 7.2. AEGegPowertools
- 7.3. BASF
- 7.4. Cell-Con, Inc.
- 7.5. Duracell Inc.
- 7.6. Eagle-Picher Technologies, LLC
- 7.7. Energizer Holdings, Inc.
- 7.8. GP Batteries International Ltd.
- 7.9. Harding Energy Inc.
- 7.10. Johnson Controls Inc.
- 7.11. Panasonic Corp.
- 7.12. Phinergy
- 7.13. Power-Sonic Corp.
- 7.14. Sony Corp.
- 7.15. Spectrum Brands Holdings, Inc.
- 7.16. Supreme Batteries Pvt. Ltd.
- 7.17. Taurac
- 7.18. Uniross
LIST OF TABLES
- 1. GLOBAL ALUMINUM-BASED BATTERY MARKET RESEARCH AND ANALYSIS, 2020-2027 ($ MILLION)
- 2. GLOBALALUMINUM-BASED BATTERY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
- 3. GLOBAL ALUMINUM-BASED BATTERYIN INDUSTRIAL APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
- 4. GLOBAL ALUMINUM-BASED BATTERYIN AUTOMOTIVE APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
- 5. GLOBAL ALUMINUM-BASED BATTERYIN OTHER APPLICATIONSMARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
- 6. GLOBAL ALUMINUM-BASED BATTERY MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
- 7. GLOBAL ALUMINUM-ION BATTERY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
- 8. GLOBAL ALUMINUM-AIR BATTERY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
- 9. NORTH AMERICANALUMINUM-BASEDMARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
- 10. NORTH AMERICANALUMINUM-BASED BATTERY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
- 11. NORTH AMERICAN ALUMINUM-BASED BATTERY MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
- 12. EUROPEAN ALUMINUM-BASED BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
- 13. EUROPEAN ALUMINUM-BASED BATTERY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
- 14. EUROPEAN ALUMINUM-BASED BATTERY MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
- 15. ASIA-PACIFICALUMINUM-BASED BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
- 16. ASIA-PACIFICALUMINUM-BASED BATTERY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
- 17. ASIA-PACIFIC ALUMINUM-BASED BATTERY MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
- 18. REST OF THE WORLDALUMINUM-BASED BATTERY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
- 19. REST OF THE WORLD ALUMINUM-BASED BATTERY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
- 20. REST OF THE WORLDALUMINUM-BASED BATTERY MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
LIST OF FIGURES
- 1. IMPACT OF COVID-19 ON GLOBAL ALUMINUM-BASED BATTERYMARKET, 2020-2027($ MILLION)
- 2. IMPACT OF COVID-19 ON GLOBAL ALUMINUM-BASEDMARKET BY SEGMENT, 2020-2027($ MILLION)
- 3. RECOVERY OF GLOBAL ALUMINUM-BASED BATTERYMARKET, 2021-2027(%)
- 4. GLOBALALUMINUM-BASED BATTERY MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
- 5. GLOBALALUMINUM-BASED BATTERY MARKET SHARE BY TYPE, 2020 VS 2027 (%)
- 6. GLOBAL ALUMINUM-BASED BATTERYIN INDUSTRIAL APPLICATIONS MARKET SHARE BY REGION, 2020 VS 2027(%)
- 7. GLOBAL ALUMINUM-BASED BATTERYIN AUTOMOTIVE APPLICATIONS MARKET SHARE BY REGION, 2020 VS 2027(%)
- 8. GLOBAL ALUMINUM-BASED BATTERYIN OTHER APPLICATIONS MARKET SHARE BY REGION, 2020 VS 2027(%)
- 9. GLOBAL ALUMINUM-ION BATTERY MARKET SHARE BY REGION, 2020 VS 2027(%)
- 10. GLOBAL ALUMINUM-AIR BATTERY MARKET SHARE BY REGION, 2020 VS 2027(%)
- 11. GLOBAL ALUMINUM-BASED BATTERY MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
- 12. US ALUMINUM-BASED BATTERY MARKET SIZE, 2020-2027 ($ MILLION)
- 13. CANADAALUMINUM-BASED BATTERY MARKET SIZE, 2020-2027 ($ MILLION)
- 14. UK ALUMINUM-BASED BATTERY MARKET SIZE, 2020-2027 ($ MILLION)
- 15. FRANCE ALUMINUM-BASED BATTERY MARKET SIZE, 2020-2027 ($ MILLION)
- 16. GERMANY ALUMINUM-BASED BATTERY MARKET SIZE, 2020-2027 ($ MILLION)
- 17. ITALY ALUMINUM-BASED BATTERY MARKET SIZE, 2020-2027 ($ MILLION)
- 18. SPAIN ALUMINUM-BASED BATTERY MARKET SIZE, 2020-2027 ($ MILLION)
- 19. REST OF EUROPE ALUMINUM-BASED BATTERY MARKET SIZE, 2020-2027 ($ MILLION)
- 20. INDIA ALUMINUM-BASED BATTERY MARKET SIZE, 2020-2027 ($ MILLION)
- 21. CHINA ALUMINUM-BASED BATTERY MARKET SIZE, 2020-2027 ($ MILLION)
- 22. JAPAN ALUMINUM-BASED BATTERY MARKET SIZE, 2020-2027 ($ MILLION)
- 23. SOUTH KOREA ALUMINUM-BASED BATTERY MARKET SIZE, 2020-2027 ($ MILLION)
- 24. REST OF THE ASIA-PACIFIC ALUMINUM-BASED BATTERY MARKET SIZE, 2020-2027 ($ MILLION)
- 25. REST OF THE WORLD ALUMINUM-BASED BATTERY MARKET SIZE, 2020-2027 ($ MILLION)