Aluminium-ion Battery Market - Regional Analysis
APAC Market Insights
Asia Pacific industry is predicted to dominate majority revenue share of 45% by 2035. 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 Insights
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.
