Lithium-air Battery Market Share

APAC Market Forecast

The lithium-air battery market in the Asia Pacific region is projected to hold the largest market share of 38% by the end of 2037. The Asia Pacific region's strong battery technology capabilities offer export opportunities to other global markets. Asian countries are among the world's largest battery exporters, with lithium-ion batteries being a significant export product. The emerging lithium-air battery technology could further boost export potential.

North American Market Statistics

The lithium-air battery market in the North America region is projected to hold the second largest share during the forecast period. North America has witnessed a substantial increase in the adoption of electric vehicles, driven by environmental concerns, incentives, and consumer demand. According to the International Energy Agency (IEA), North America accounted for a significant portion of global electric car sales in 2020, with the United States being a key contributor. This trend is expected to continue as automakers invest in EV production.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of lithium-air battery is assessed at USD 16.58 billion.

The lithium-air battery market size was valued at USD 15.83 billion in 2024 and is likely to reach USD 33.35 billion by the end of 2037, registering around 5.9% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for automotive sector will impel the market growth.

Asia Pacific industry is anticipated to account for largest revenue share 38% by 2037, as region's strong battery technology capabilities offer export opportunities to other global markets.

The major players in the market are IBM, PolyPlus Battery Company, Toyota, Sion Power, Seeo (acquired by Bosch), QuantumScape, Oxis Energy, and others.

Lithium-air Battery Market Share