Aluminium-ion Battery Market Share

APAC Market Forecast

The Asia Pacific aluminium-ion battery market is projected to capture the largest share of about 45% over the forecast period. 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.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of aluminium-ion battery is assessed at USD 6.8 Billion.

The aluminium-ion battery market size was over USD 6.41 Billion in 2023 and is anticipated to reach USD 15.07 Billion by the end of 2036, growing at around 6.8% CAGR during the forecast period i.e., between 2024-2036. The major factors driving the growth of the market are the growing availability of aluminium in abundance, the surge in advancement in aluminium-ion batteries, and the rise in deployment of AI.

Asia Pacific industry is poised to capture the largest share of about 45% by 2036, owing to rising grid projects in this region.

Advano, Ibiden, Graphene Manufacturing Group Ltd., University of Texas at Austin, Saturnose, Nexeon Ltd., Amprius Technologies, Ess., Inc., Log 9 Materials, Alexion Technologies

Aluminium-ion Battery Market Share