Lithium-air battery Industry – Regional Synopsis
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.
