As per Future Market Insights, the aluminium ion battery market is anticipated to attain a value pool of USD 5 billion by 2023 end. Global demand for aluminium ion batteries is expected to rise at a CAGR of 6% to USD 9 billion in 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | USD 5 billion |
| Projected Market Value in 2033 | USD 9 billion |
| Growth Rate (2023 to 2033) | 6% CAGR |
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According to the assessment of the Aluminium Ion Battery market, the said market is anticipated to exhibit a healthy growth between 5% and 6% during the tenure of 2021 to 2031. Demand for Aluminium Ion Battery is expected to be on a whopping scale amongst other battery technologies in the upcoming years.
Aluminium ion batteries have been touted to own a sound rechargeable cycle. While recharging the batteries the aluminium ions return to the negative electrode and can exchange three electron per ion. As per the rechargeable properties the batteries offer the possibilities of being low in cost and have low flammability.
The provision of superfast charging of the product is also known to have outpowered the lihitum ion battery as opined by industry experts. It can be charge 10X faster then today’s lithium ion battery pack and also last much longer then it.
Aluminium Ion Battery is anticipated to emerge as the major substitute for the lithium ion batteries in the electric vehicle market and are much safer then the conventional batteries used in the automotive and other end-use sector. With the use of EV’s are rapidly increasing in the world, the battery type is expected to be preferred as a rechargeable battery type in addition to its counterparts.
As per the requirement from the end users of various type the demand for the batteries are rising in place of lithium ion battery for the electric vehicle due to the properties for fast charging then the conventional lithium-ion battery. Also in portable consumer electronics the battery type is also been seen as a prospective replacement in low power rated devices as well.
The new batteries which are compoes from the aluminium fion, aluminium chloride, ionic liquid and urea have th benefit over the lithium due to the stability they provide. This property make the battery more safer with having lesser charging time require and denser energy storage capacity available.
The battery type have no upper Ampere limit which restrict them fromm being overheat and also dosen’t require any extra equipment for the cooling to function safely. In comparison to the lithium ion battery which require around 20% of cooling space in any battery pack used for the electric vehicle.
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The aluminium ion battery market growth phase is currently believed to be in its early stage as per the demand from the various end use industries primarily from electric vehicle. As aluminium has long been recognized for having large capacity in the batteries as compared to the conventional lithium.
Most of the major automotive industries who produce electric vehicle are focusing on replacing the lithium-ion battery by aluminium ion battery. The underlying reasons include better safety handling and also due to the faster charging cycles as compared to Lithium Ion and conventional batteries.
Regionally, East Asia is poised to be highly lucrative market owing to robust growth of Electric vehicle production hub coupled with burgeoning consumer electronics market with favorable degree of adoption expected from prospective end users. Japan and South Korea are expected to lead the forefront of market growth with China believed to follow closely in-heels with the former nations.
The nation is also believed to be another potential market for adoption and sales of the battery type which is expected to be primarily driven by Electric vehicles and Energy Storage solutions specific to commercial and industrial sectors.
Some of the leading manufacturers and suppliers of Aluminium Ion Battery include
Many of the key players are improiving there product portfolio and developing the product in such a way that it can extend the battery life is not in use.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Application 6.2. End - User 7. Global Market Analysis and Forecast, By Application 7.1. Telecom Towers 7.2. Hospitals 7.3. Automotive 7.4. Consumer Electronics 7.5. Aerospace and Defense 7.6. Others 8. Global Market Analysis and Forecast, By End - User 8.1. Residential 8.2. Industrial 8.3. Commercial 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. South Asia and the Pacific 9.5. East Asia 9.6. Middle East and Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Europe Sales Analysis and Forecast, by Key Segments and Countries 13. South Asia and the Pacific Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 16. Sales Forecast by Application and End - User for 30 Countries 17. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 18. Company Profile 18.1. AEG Powertools 18.2. Cell-Con 18.3. Duracell 18.4. GP Batteries 18.5. Harding Energy 18.6. Johnson Controls 18.7. Panasonic 18.8. BASF 18.9. Power-Sonic Corporation 18.10. Supreme Batteries Pvt. Ltd. 18.11. Energizer 18.12. Rayovac 18.13. Shenzen Nova 18.14. Spectrum Brands 18.15. Taurac 18.16. Uniross
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Aluminium Ion Battery Market
