Current Business Affairs Global Lithium Air Battery Market 2018

Global Lithium Air Battery Market Trends, Analysis, and Forecast To
2025
Market Definition:
The Lithium-air or Li-air battery is a metal air electrochemical cell which uses lithium oxidation at the anode and oxygen
reduction at the cathode to induce a current flow. The Li-air battery has a very high energy density equivalent to
gasoline, triggering global interest in super energy storage system. As comparison to other battery devices, Li-air
batteries offers higher analytical energy density, high efficiency, and prolonged shelf life, which is anticipated to boost
the renewable energy economy. Lithium-air batteries integrate the lightest and most electronegative metal of Li with
the inexhaustibly ambient oxygen, hence involving intensive attentions owing to the main application in transportation.
Li-air batteries have been anticipated to have applications in specific sectors, associated with renewable energy such as
smart-city projects, off-grid systems, and on-grid hybrid power supplies. However, high accumulation of metal wastes
may create hurdle for the growth. The European Directive 2006/66/EC, was announced on 26 September 2006 on
batteries and accumulators to overcome such hurdles. The Directive states that all member states must recycle and
collect materials (including batteries), irrespective of their electrochemical classification.
Argonne National Laboratory (US Department of Energy) researchers have designed an advanced chemical process for
super lithium oxide production, therefore improving the performance and the resistance of the accumulator.
Additionally, Cambridge researchers have also revealed a study on lithium-air battery working with 90% efficiency and
can be recharged 2,000 times, paving firm opportunities for the global expansion.
Rechargeable Li-air batteries have ultra-high energy densities theoretical capacities are considered as one of the most
promising power sources for next-generation electric vehicles. For instance, in July 2016, Tesla installed a massive
battery plant in Nevada, and has started working on stability, overheating, light weightlessness, and fire-proof batteries
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Market Growth and Analysis:
Lithium Iron Phosphate (LFP), Nickel Cobalt Aluminum (NCA), Nickel Manganese Cobalt (NMC), lithium cobalt oxide
(LCO) and Lithium MANGANESE Oxide (LMO) are few types of lithium-air batteries, differing in strengths, and used for
various applications. For instance, NMC is generally considered as the most potential for application in Electric Vehicles
(EVs) owing to the high performance, safety and low cost.
Increasing applications in electric vehicles, smart devices, and development of enhanced Li-air batteries are considered
as the major factors enhancing the industry growth. Li-air batteries have huge potential, providing up to five times more
energy than other conventional batteries, paves new opportunities for the growth. Furthermore, gradual shift of
automobile sector from petroleum fueled vehicles towards electric vehicles has also projected to witness the growth
over the forecast period.
Market Segment: