Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Aluminium-ion Battery Market size was over USD 6.85 billion in 2024 and is poised to exceed USD 16.31 billion by 2037, witnessing over 6.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of aluminium-ion battery is evaluated at USD 7.63 billion.
The growth of the sector is set to be dominated by the growing demand for renewable energy. For instance, over the years 2023 to 2025, worldwide demand for electricity is anticipated to expand by about 4% annually, outpacing the rate of 2022 growth. Hence, the demand for aluminium-ion battery is growing since it is used in storing energy. Aluminium-ion battery has the capacity of storing large amount of energy as compared to any other batteries.
Moreover, aluminium-ion batteries have an extended lifespan in terms of comes to holding energy. After 500–1000 charging and discharging cycles, lithium-ion batteries generally lose about 79% of their capacity. A prototype aluminium-ion battery from Stanford University withstood a total of approximately 7,499 cycles without losing any capacity.
Aluminium-ion Battery Market: Growth Drivers and Challenges
Growth Drivers
- Growing Availability of Aluminium in Abundance: Aluminium is estimated to be one of the most frequently available minerals in the earth's crust. Due to its strong affinity for oxygen, aluminium frequently coexists alongside oxygen in nature in the form of oxide. Hence, the price of aluminium is also low. Therefore, the manufacturing and sale of aluminium-ion batteries is expected to grow over the coming years.
- Surge in Advancement in Aluminium-ion Battery: Batteries have grown into a necessary component of everyday life, yet conventional disposable batteries compromise the environment significantly since they include dangerous compounds including lead, cadmium, and mercury that are very difficult to recycle. Therefore, there has been growing advancement in aluminium-ion batteries. For instance, scientists from Zhejiang Sci-Tech University in China and Flinders University in South Australia collaborated to conduct the study. The new batteries are constructed with unique materials described to be stable organic radicals, that comprise a critical element known as 2,2,6,6-tetramethylpiperidyl-1-oxy, or TEMPO. They employ fluids that are based on water rather than dangerous chemicals. Scientists claim that these water-based electrolytes contributed to the creation of the first air-stable and fire-retardant aluminium radical battery architecture.
- Rise in Deployment of AI: With the deployment of AI, the monitoring of batteries could get easier. AI can increase battery efficiency and lifespan by tracking the battery's health and predicting when it will fail.
Challenges
- Shorter Shelf Life - There is currently a limited lifespan for aluminium-ion batteries. Energy capacity may be significantly impacted by the interaction of heat, rate of charge, and cycle. A contributing factor is the graphite anode's fracture. Hence, this factor is projected to hinder the market revenue in the forecast period.
- High Corrosion Issues
- Stringent Government Regulations
Aluminium-ion Battery Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
7.3% |
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Base Year Market Size (2024) |
USD 46.22 billion |
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Forecast Year Market Size (2037) |
USD 115.51 billion |
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Regional Scope |
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Aluminium-ion Battery Segmentation
Application (Telecom Towers, Hospitals, Automotive, Consumer Electronics, Aerospace & Defense)
The aerospace & defense segment is poised to hold 40% share of the global aluminium-ion battery market during the projected period. These batteries could be employed by the military to power machinery, lowering battery weight and boosting energy density, enabling longer missions between battery replacements. Additionally, aluminium-ion batteries could power spacecraft and satellites in the aerospace sector, where weight is a key factor.
End-User (Residential, Industrial, Commercial)
The industrial segment in the aluminium-ion battery market is projected to garner the highest share of approximately 70% by the end of 2037. This is owing to the growing demand for portable electronics in the automotive and defense sectors. Therefore, even manufacturers of aluminium-ion batteries are focusing more on these sectors to supply this battery. Hence, this factor is expected to dominate the market growth.
Our in-depth analysis of the global aluminium-ion battery market includes the following segments:
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Application |
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End-User |
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Customize this ReportAluminium-ion Battery Industry- Regional Synopsis
APAC Market Forecast
Asia Pacific industry is predicted to dominate majority revenue share of 45% by 2037. This growth in the market in this region could be owing to rising grid projects in this region. The board of the Power Grid Corporation authorized an investment worth more than USD 8 billion for a number of energy transmission projects across India this year. Additionally, there has been a growing extraction of aluminium in this region which is also a major factor for the growth in market share.
North American Market Analysis
The aluminium-ion battery market in North America is expected to also have significant growth over the coming years. The major for this growth in this region is backed by the growing manufacturing of aircraft. There has been growing research on the utilization of these batteries in aircraft owing to their lightweight nature. Also, it ensures the safety of aircraft and limits the prevalence of thermal runways and fires.
Companies Dominating the Aluminium-ion Battery Market
- Advano
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Ibiden
- Graphene Manufacturing Group Ltd.
- University of Texas at Austin
- Saturnose
- Nexeon Ltd.
- Amprius Technologies
- Ess., Inc.
- Log 9 Materials
- Alexion Technologies
In the News
- December 22, 2021: A number of potential clients from all over the world have received prototypes of Graphene Manufacturing Group Ltd.'s graphene aluminum-ion batteries ("G+AI Battery") 2032 type coin cells. Coin cell testing to date has shown that the GMG 2032 type G+AI Battery prototype coin cells are fully rechargeable in a few seconds, maintain capacity for a few thousand charge and discharge cycles, are non-flammable, are reasonably non-toxic, and are practically entirely recyclable.
- November 30, 2021: The independent evaluation of Saturnose's Enhanced Altered Aluminium-ion(Ea2I) battery chemistry was anticipated to be made public, and the company also intends to introduce a solid-state, rechargeable aluminium battery. Asian company Saturnose was anticipated to be the first to commercialize lithium-ion batteries.
Author Credits: Dhruv Bhatia
- Report ID: 5205
- Published Date: Dec 20, 2024
- Report Format: PDF, PPT
