Metal-Air Battery Market Size and Share

Metal-Air Battery Market Summary
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Metal-Air Battery Market Analysis by Mordor Intelligence

The metal-air battery market size stood at USD 720 million in 2025 and is projected to reach USD 1.36 billion by 2030, registering a 13.65% CAGR. The surge reflects rising demand for energy-dense storage across electric vehicles and grid applications, where lithium-ion technologies confront density limits. Breakthroughs in rechargeable zinc-air, lithium-air, and iron-air chemistries, coupled with falling zinc and aluminium prices, are strengthening the metal-air battery market growth outlook. Government incentives such as the U.S. Department of Energy’s USD 305 million loan guarantee and the California Energy Commission’s USD 30 million award to Form Energy underscore public-sector confidence in long-duration storage. Asia-Pacific retains manufacturing dominance while North America gains momentum from domestic production credits and utility-scale pilots. Investments in solid-state architectures and air-cathode catalysts continue to close the performance gap with lithium-ion alternatives, pointing to broader commercialization over the medium term.

Key Report Takeaways

  • By metal type, lithium-air led with 37.34% metal-air battery market share in 2024, while iron-air is forecast to expand at a 13.73% CAGR through 2030.
  • By battery type, primary systems captured 54.32% of the metal-air battery market size in 2024; secondary rechargeable systems are advancing at a 14.89% CAGR to 2030.
  • By voltage, low-voltage products below 12 V accounted for 42.87% share of the metal-air battery market size in 2024, whereas medium-voltage 12-36 V systems post the fastest 14.11% CAGR through 2030.
  • By application, electric vehicles commanded 39.41% metal-air battery market share in 2024, yet stationary energy storage records the highest 13.82% CAGR between 2025 and 2030.
  • By geography, Asia-Pacific held 51.78% revenue share in 2024; North America is the fastest-growing region at a 14.19% CAGR to 2030.

Segment Analysis

By Metal Type: Iron-Air Gains Commercial Traction

Iron-air solutions are growing at a 13.73% CAGR while lithium-air retains 37.34% metal-air battery market share in 2024. The metal-air battery market size allocated to iron-air is projected to expand rapidly as utilities favor its 100-hour discharge capability and raw-material abundance. Iron costs roughly 90% less than lithium, and existing steel infrastructure eases factory conversions. Lithium-air maintains superior 500 Wh/kg densities but struggles to meet automotive cycle targets. Zinc-air continues to serve hearing aids, military gear, and industrial sensors where ambient-temperature tolerance is critical. Aluminum-air reached 510 Wh/kg in 2024 research and shows promise for range-extending packs. Lesser-known chemistries such as magnesium-air remain in early research yet attract exploratory funding for niche marine and defense systems.

Abundant feedstocks and simplified recycling protocols align iron-air with emerging EU sustainability standards. Utility procurement pipelines favor kilowatt-hour cost over gravimetric energy, allowing iron-air to leapfrog into commercial projects before higher-density chemistries mature. Conversely, lithium-air and aluminum-air research concentrates on extending automotive range without weight penalties, reflecting divergent value propositions inside the broader metal-air battery market.

Metal-Air Battery Market: Market Share by Metal Type
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By Battery Type: Secondary Systems Accelerate

Primary cells held 54.32% share of the metal-air battery market in 2024, yet secondary systems clock the fastest 14.89% CAGR. The shift is fueled by electrolyte advances that push zinc-air cycle life beyond 500 cycles. Defense and emergency services still favor single-use packs to guarantee readiness in austere settings. Growing regulation of single-use waste and manufacturer take-back obligations tilt economics toward rechargeable formats. Secondary metal-air packs now undercut lithium-ion on raw-material cost in long-duration grid storage, offsetting higher assembly complexity.

Rechargeable configurations are penetrating auxiliary automotive systems and micro-grid deployments, reinforcing long-term volume growth. Manufacturing learning curves should narrow price premiums, but tighter quality tolerances and protective components raise capital intensity. Conversely, primary battery niches such as hearing aids and remote sensors remain sticky, valuing shelf life and weight savings over rechargeability.

By Voltage: Medium Voltage Gains Automotive Traction

Low-voltage cells below 12 V preserved a 42.87% market share in 2024, chiefly in consumer wearables and medical implants. Medium-voltage 12-36 V products grow 14.11% annually, propelled by 24 V and 48 V electric-vehicle subsystems that trim copper wiring weight and improve auxiliary efficiency. The metal-air battery market size allocated to medium-voltage packs is forecast to widen as OEMs adopt 48 V architectures for HVAC, steering, and infotainment. Mercedes-Benz already equips its EQS line with 48 V circuits suitable for high-energy batteries.

High-voltage systems above 36 V stay niche at under 15% share, reserved for heavy industrial tools and defense-grade radios. Stringent IEC 62133 safety rules elevate protection-circuit costs in that range. Consumer gadgets will sustain low-voltage dominance thanks to the chemistry’s flat discharge curve and energy density advantages at milliwatt scales.

Metal-Air Battery Market: Market Share by Voltage
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By Application: Stationary Storage Emerges

Electric vehicles led with 39.41% metal-air battery market share in 2024, yet stationary storage records a higher 13.82% CAGR through 2030. Utilities require 10-100-hour duration solutions to balance renewable generation, a profile aligning with iron-air and zinc-air capabilities. California’s grid reliability review in 2024 identified an 8-hour minimum storage need favoring metal-air over lithium-ion’s 2-4-hour sweet spot. RWE’s 1 MW/8 MWh German pilot further validates utility appetite.

Military demand persists for primary metal-air packs in drones and soldier gear where weight translates to range or endurance. Consumer and medical electronics maintain stable volumes via zinc-air hearing-aid cells that offer long shelf life. Emerging use cases, such as backup power for telecom towers, should gain share as production costs decline.

Geography Analysis

Asia-Pacific secured 51.78% of metal-air battery market revenue in 2024. China’s vertically integrated plants manage electrode roll-to-pack assembly at scale, enabling rapid cost reductions. Japanese innovators improved zinc-air thermal tolerance to 80 °C, unlocking industrial and automotive roles. India is ramping incentives for domestic cell production yet still imports cathode catalysts. South Korea’s conglomerates keep research active but prioritize lithium-ion volume exports. Australia’s mining operations are piloting off-grid zinc-air systems to replace diesel gensets.

North America is growing the fastest at 14.19% CAGR. Federal manufacturing credits and loan guarantees underpin new capacity, exemplified by Form Energy’s West Virginia conversion and Eos Energy’s zinc-battery expansion. Canada leverages cold-weather resilience of metal-air chemistries for northern resource camps. Mexico’s automotive corridor explores medium-voltage auxiliary packs, though most projects remain pilot-scale pending performance validation. Regulatory clarity via UL and IEEE standards accelerates commercialization.

Europe maintains moderate growth driven by utility pilots and strong environmental regulation. TenneT’s frequency-regulation test in Germany exemplifies grid operator willingness to diversify battery chemistries. The UK’s universities collaborate on CO₂-resistant catalysts, while France’s EDF assesses metal-air for nuclear balancing reserves. Middle East and Africa see early uptake in telecom towers and mining, where diesel displacement economics are compelling. South America’s opportunity coastlines remain underdeveloped; Brazil leads with iron-air trials in industrial complexes.

Metal-Air Battery Market CAGR (%), Growth Rate by Region
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Competitive Landscape

Competition is fragmented; no firm exceeds 15% share, giving innovators room to scale. Form Energy heads the iron-air field with a USD 760 million plant that delivers 200 MWh annual output and 750 jobs in West Virginia. Air Energy’s 2024 solid-state lithium-air launch targets 1,000-cycle durability using ceramic electrolytes. EnerVenue supplies nickel-hydrogen variants to utilities, illustrating chemistry diversity inside the metal-air battery market. AZUL Energy’s low-cost catalysts could shift cost curves if commercial durability holds.

Vertical integration is emerging as a core strategy. Players are securing zinc, aluminum, and iron supply contracts to hedge commodity swings and differentiate on cost. Patent filings jumped 35% in 2024, particularly around air-cathode structures and solid electrolytes. Utilities remain the first commercial customers owing to long-duration mandates, while automakers engage primarily in prototype evaluations. Manufacturing scale-up and consistent quality are now the decisive factors in achieving bankable performance warranties.

Metal-Air Battery Industry Leaders

  1. Phinergy Ltd.

  2. Zinc8 Energy Solutions Inc.

  3. NantEnergy Inc.

  4. Log9 Materials Scientific Private Limited

  5. Arotech Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Metal-Air Battery Market
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Recent Industry Developments

  • January 2025: Form Energy completed its West Virginia plant conversion, adding 200 MWh annual iron-air capacity.
  • December 2025: RWE partnered with EnerVenue on a 1 MW/8 MWh metal-hydrogen grid pilot in Germany.
  • November 2024: Air Energy began commercial production of solid-state lithium-air batteries after raising USD 45 million in Series A funding.
  • October 2024: Kashiwazaki City installed an 8 MWh flow battery for grid stabilization initiatives.

Table of Contents for Metal-Air Battery Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Advancements in rechargeable zinc- and lithium-air chemistries
    • 4.2.2 Rapid EV adoption demanding higher energy density
    • 4.2.3 Falling zinc and aluminum prices versus lithium and cobalt
    • 4.2.4 Government funding for long-duration storage pilots
    • 4.2.5 Off-grid micro-grids in remote mining and telecom sites
    • 4.2.6 Slurry-based metal-refuel stations for commercial EV fleets
  • 4.3 Market Restraints
    • 4.3.1 Limited cycle life versus Li-ion alternatives
    • 4.3.2 Air-cathode CO₂ poisoning and catalyst degradation
    • 4.3.3 Immature large-scale manufacturing supply chain
    • 4.3.4 Competition for decarbonised high-purity aluminium feedstock
  • 4.4 Industry Value / Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter’s Five Forces Analysis
    • 4.7.1 Threat of New Entrants
    • 4.7.2 Bargaining Power of Suppliers
    • 4.7.3 Bargaining Power of Buyers
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Metal Type
    • 5.1.1 Zinc-air
    • 5.1.2 Aluminum-air
    • 5.1.3 Lithium-air
    • 5.1.4 Iron-air
    • 5.1.5 Other Metal Type
  • 5.2 By Battery Type
    • 5.2.1 Primary (Non-rechargeable)
    • 5.2.2 Secondary (Rechargeable)
  • 5.3 By Voltage
    • 5.3.1 Low (<12 V)
    • 5.3.2 Medium (12-36 V)
    • 5.3.3 High (>36 V)
  • 5.4 By Application
    • 5.4.1 Electric Vehicles
    • 5.4.2 Stationary Energy Storage
    • 5.4.3 Military and Defence Electronics
    • 5.4.4 Consumer and Medical Electronics
    • 5.4.5 Other Application
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.2 Europe
    • 5.5.2.1 Germany
    • 5.5.2.2 United Kingdom
    • 5.5.2.3 France
    • 5.5.2.4 Russia
    • 5.5.2.5 Rest of Europe
    • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 Japan
    • 5.5.3.3 India
    • 5.5.3.4 South Korea
    • 5.5.3.5 Australia
    • 5.5.3.6 Rest of Asia-Pacific
    • 5.5.4 Middle East and Africa
    • 5.5.4.1 Middle East
    • 5.5.4.1.1 Saudi Arabia
    • 5.5.4.1.2 United Arab Emirates
    • 5.5.4.1.3 Rest of Middle East
    • 5.5.4.2 Africa
    • 5.5.4.2.1 South Africa
    • 5.5.4.2.2 Egypt
    • 5.5.4.2.3 Rest of Africa
    • 5.5.5 South America
    • 5.5.5.1 Brazil
    • 5.5.5.2 Argentina
    • 5.5.5.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global-level Overview, Market-level Overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 Phinergy Ltd.
    • 6.4.2 Zinc8 Energy Solutions Inc.
    • 6.4.3 NantEnergy Inc.
    • 6.4.4 Log9 Materials Scientific Private Limited
    • 6.4.5 Arotech Corporation
    • 6.4.6 PolyPlus Battery Company
    • 6.4.7 Fuji Pigment Co., Ltd.
    • 6.4.8 GP Batteries International Limited
    • 6.4.9 E-Stone Batteries B.V.
    • 6.4.10 e-Zinc Corporation
    • 6.4.11 ZAF Energy Systems Inc.
    • 6.4.12 EnZinc Inc.
    • 6.4.13 Electric Fuel Battery Corporation
    • 6.4.14 Renata SA
    • 6.4.15 Panasonic Holdings Corporation
    • 6.4.16 Zhuhai Zhi Li Battery Co., Ltd. (ZeniPower)
    • 6.4.17 Sunergy Battery Co., Ltd.
    • 6.4.18 Maxell Holdings, Ltd.
    • 6.4.19 Duracell Inc.

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

  • 7.1 White-space and Unmet-Need Assessment
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Global Metal-Air Battery Market Report Scope

By Metal Type
Zinc-air
Aluminum-air
Lithium-air
Iron-air
Other Metal Type
By Battery Type
Primary (Non-rechargeable)
Secondary (Rechargeable)
By Voltage
Low (<12 V)
Medium (12-36 V)
High (>36 V)
By Application
Electric Vehicles
Stationary Energy Storage
Military and Defence Electronics
Consumer and Medical Electronics
Other Application
By Geography
North AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Russia
Rest of Europe
Asia-PacificChina
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Middle East and AfricaMiddle EastSaudi Arabia
United Arab Emirates
Rest of Middle East
AfricaSouth Africa
Egypt
Rest of Africa
South AmericaBrazil
Argentina
Rest of South America
By Metal TypeZinc-air
Aluminum-air
Lithium-air
Iron-air
Other Metal Type
By Battery TypePrimary (Non-rechargeable)
Secondary (Rechargeable)
By VoltageLow (<12 V)
Medium (12-36 V)
High (>36 V)
By ApplicationElectric Vehicles
Stationary Energy Storage
Military and Defence Electronics
Consumer and Medical Electronics
Other Application
By GeographyNorth AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Russia
Rest of Europe
Asia-PacificChina
Japan
India
South Korea
Australia
Rest of Asia-Pacific
Middle East and AfricaMiddle EastSaudi Arabia
United Arab Emirates
Rest of Middle East
AfricaSouth Africa
Egypt
Rest of Africa
South AmericaBrazil
Argentina
Rest of South America
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Key Questions Answered in the Report

How large is the metal-air battery market in 2025 and what is its outlook to 2030?

The metal-air battery market size reached USD 720 million in 2025 and is forecast to hit USD 1.36 billion by 2030, translating to a 13.65% CAGR.

Which metal chemistry is expanding the fastest?

Iron-air batteries post the highest 13.73% CAGR through 2030, driven by utility contracts for multi-day storage.

Why is North America the fastest-growing region?

Federal manufacturing incentives and projects like Form Energy’s West Virginia plant propel North America at a 14.19% CAGR.

What limits metal-air adoption in electric vehicles?

Present zinc- and lithium-air cells average 300-500 cycles, far below the 2,000-cycle threshold most automakers demand.

Which application area will see the highest growth?

Stationary energy storage leads with a 13.82% CAGR, reflecting grid demand for 10-100-hour discharge capabilities.

How do falling zinc and aluminum prices influence competitiveness?

Lower commodity costs cut raw-material expenses by roughly 40% versus lithium-ion packs, enhancing price competitiveness for zinc- and aluminum-air systems.

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