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Aluminium-Based Battery Market: Trends and Opportunities.

The global aluminium-based battery market is still in its early stages, and is expected to grow moderately in the future. Aluminium has long been recognized as a larger capacity base for batteries than lithium as it can trade 3 electrons for each ion, compared to at least one for lithium, allowing up to 3 times the power density.

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Aluminium-Based Battery Market: Trends and Opportunities.

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Aluminium-Based Battery Market: Trends and Opportunities.

  2. Aluminium-Based Battery Market • The global aluminium-based battery market is still in its early stages, and is expected to grow moderately in the future. Aluminium has long been recognized as a larger capacity base for batteries than lithium as it can trade 3 electrons for each ion, compared to at least one for lithium, allowing up to 3 times the power density. • In several laboratories throughout the world, aluminium- based batteries are being designed and tested., Aluminium battery technology has significantly achieved the production of functional models, although it is yet to be mass produced. • A lightweight aluminium graphite battery developed by researchers at Stanford University charges faster, lasts longer on a single charge, and is safer to use when compared with lithium-ion (Li-ion) batteries. • Aluminium batteries can be used in various applications in industry, including automobiles, smartphones, laptops, power packs, and flexible displays.

  3. Aluminium-Based Battery Market • Top Impacting Factors • The most significant factor influencing the growth of the aluminium batteries is that are consumed at a faster rate. • Aluminium corrodes easily due to the presence of carbon dioxide in the air. When these batteries are stored for a long time, the electrolyte on the aluminium anode is consumed, and the battery loses nearly 80% of its power within a month. • One of the major disadvantages of aluminium-air batteries is that they cannot be recharged like lithium-ion batteries. • The widespread use of aluminium-air battery-based vehicles would need the wide availability of battery swapping stations.

  4. Aluminium-Based Battery Market • New Product Launches to Flourish the Market • IOCL, India’s largest commercial oil company, announced a partnership with energy start-up Phinergy on February 4, 2020 to develop and manufacture innovative metal-air batteries as viable solutions • The increase in use of electric vehicles and the surge in investment by auto companies in aluminium-air batteries may be the primary driving force of the aluminium-based battery market. • Rechargeable aluminium-air batteries are expected to bring huge market opportunities. Many companies are improving their products to extend battery life when not in use. For example, Brandon Hopkins along with Yang Shao Horn and Douglas’s hart at MIT proposed a process that can significantly reduce anode corrosion while maintaining battery performance. •  Aluminium ions also have no upper current limit, so they will not overheat spontaneously and do not require additional cooling to operate safely. • The battery will need to be replenished, once the aluminium has been depleted, which might be significant market constraint. To overcome the issue some power station, service station, or power swapping station must be easily accessible to the driver.

  5. COVID-19 Impact Analysis • At the beginning of 2020, the COVID-19 disease began to spread globally. Millions of people around the world were infected with the COVID-19 disease. Major countries in the world issued permanent bans and work suspension orders. Most of the life support industries have been severely impacted. • The manufacturing unit suffered shortage of employees   for production work due to the global lockdown. • Aluminium-based battery is light in weight and has high charge value, hence it was used as a source of power and backup for medical instruments during the pandemic. • COVID-19 may cause energy utilities to invest in locally sourced key raw materials due to supply chain complexity. • During this pandemic, aluminium-based battery manufacturers have the opportunity to focus on increased industrial and commercial demand to ensure an adequate and continuous supply of products to meet the market demand, so COVID-19 is expected to have a significant impact on the automotive and power back source market. • For detailed analysis @ https://www.alliedmarketresearch.com/request-for-customization/12460?reqfor=covid Aluminium-Based Battery Market

  6. Aluminium-Based Battery Market Thank You! For More Details Visit us at https://www.alliedmarketresearch.com Follow Us On

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