BREATHING BATTERY MARKET ANALYSIS

Breathing Battery MarketSize and Trends

The global breathing battery market was valued at US$ 16.5 Mn in 2021 and is expected to reach US$ 33.9 Mn by 2030, growing at a CAGR of 8.4% between 2022 and 2030.

Figure 1: Global Breathing Battery Market Share (%), By Battery Type, 2021

The Lithium air battery segment is expected to witness significant growth in the global breathing battery market. Factors such as growth in renewable energy sources and increased demand for devices for energy storage are expected to drive the growth of the lithium-air battery market.

On February 10, 2022, clean energy researchers at the University of Technology Sydney (UTS) designed a molecule to boost the performance of lithium air batteries to provide electric vehicles the same driving range as petrol-fuelled cars. Lithium air batteries employ cutting-edge technology aimed at delivering maximum energy density through breathing air to generate electricity.

Market- Trends Section:

Lithium–air batteries, also known as breathing batteries, harness the energy produced when lithium metal reacts with oxygen from the air. The breathing battery market is estimated to rise significantly during the forecast period primarily due to the fact that the positive electrode of breathing battery made from lightweight porous carbon, and the lithium ions are packed into the electrolyte, which floods into the spongy material. Furthermore, the cost of raw material required to manufacture breathing battery is low as compared to conventional batteries.

Figure 2: Global Breathing Battery Market Value (US$ Mn) Analysis and Forecast, 2021 - 2030