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Breathing Battery-As-A-Service Is Fastest Growing Segment Fueling The Growth Of Breathing Battery Market

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Gauri Cmi
Breathing Battery-As-A-Service Is Fastest Growing Segment Fueling The Growth Of Breathing Battery Market


The global Breathing Battery Market is estimated to be valued at US$ 19.39 Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Breathing battery refers to a future class of battery technologies that can breathe oxygen from the atmosphere to recharge themselves. This reduces dependency on scarce and costly materials in traditional batteries. Breathing batteries enable higher energy densities and longer lifetimes.

Market key trends:

One of the key trends in the breathing battery market is the development of battery technologies that can utilize atmospheric oxygen directly rather than sulfuric acid or other liquid electrolytes. This helps reduce the weight and cost of batteries. Researchers are working on developing zinc-air and lithium-air battery technologies that can breathe in oxygen through exposed cathode surfaces and plate and strip zinc or lithium efficiently on the anode side during charge and discharge cycles. This promises higher energy densities than lithium-ion batteries. Another key trend is the focus on developing commercial prototypes and scaling up manufacturing through partnerships and investments in key players.

Segment Analysis

The breathing battery market is segmented into zinc-air, manganese oxide, lithium-air, and lithium-sulfur. The zinc-air segment dominated the market in 2023 and is expected to continue its dominance during the forecast period. Zinc-air batteries have high energy density, are environment-friendly, and low-cost which makes them suitable for large-scale energy storage applications.

Key Takeaways

The Global Breathing Battery Market Size is expected to witness high growth, exhibiting CAGR of 8.4% over the forecast period, due to increasing demand for sustainable and cost-effective energy storage solutions.

Regional analysis

North America dominated the global breathing battery market in 2023 and is expected to continue dominating during the forecast period. High investment in R&D of innovative energy storage technologies and presence of key players in the US and Canada are driving the market in the region.

Key players

Key players operating in the breathing battery market are IBM Corporation, Zinc8 Energy Solutions Inc., PolyPlus Battery Company, Panasonic, Tesla, Fuji Pigment, and Breathe Battery Technologies Limited. IBM Corporation and Zinc8 Energy Solutions Inc. are prominent players developing zinc-air based breathing battery technologies.

 

Explore More Information On This Topic @ https://www.pressreleasebulletin.com/global-breathing-battery-market-overview/


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