Metal-Air Battery Market Size and Share

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.
Global Metal-Air Battery Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Advancements in rechargeable zinc- and lithium-air chemistries | +2.8% | Global, with concentration in Asia-Pacific and North America | Medium term (2-4 years) |
| Rapid EV adoption demanding higher energy density | +3.2% | Global, led by China, Europe, and North America | Short term (≤ 2 years) |
| Falling zinc and aluminum prices versus lithium and cobalt | +1.9% | Global, particularly benefiting Asia-Pacific manufacturing hubs | Short term (≤ 2 years) |
| Government funding for long-duration storage pilots | +2.1% | North America and Europe, with selective Asia-Pacific programs | Medium term (2-4 years) |
| Off-grid micro-grids in remote mining and telecom sites | +1.4% | Global, with emphasis on Africa, Australia, and remote North America | Long term (≥ 4 years) |
| Slurry-based metal-refuel stations for commercial EV fleets | +1.1% | North America and Europe pilot markets | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Advancements in Rechargeable Zinc- and Lithium-Air Chemistries
Multiple research teams achieved step-changes in energy density and cycle life during 2024, most notably a 500 Wh/kg lithium-air prototype that sustained 100 cycles. [1]Nature Energy, “Lithium-Air Battery Breakthrough Research,” nature.com Zinc-air systems now operate effectively at 80 °C, broadening suitability for automotive and industrial environments. Form Energy’s iron-air chemistry demonstrated 100-hour discharge capability for utility storage, accelerating field deployments. Cumulative metal-air R&D exceeded USD 200 million in 2024, and patent filings rose 35%, signalling a robust innovation pipeline. These gains close the durability gap with lithium-ion batteries while preserving higher theoretical energy densities.
Rapid EV Adoption Demanding Higher Energy Density
Automakers highlight energy density as the chief constraint on long-haul electrification, spurring interest in metal-air solutions that promise 2-3× the gravimetric capacity of lithium-ion packs. [2]Tesla, “Battery Strategy Presentations,” tesla.com Chinese manufacturers BYD and CATL earmarked USD 1.2 billion for next-generation batteries in 2024, allocating one-fifth to metal-air chemistries. Commercial truck operators report payload penalties of up to 3,000 kg with current lithium-ion configurations, a gap metal-air cells could halve. Military programs echo similar requirements, with the U.S. Army citing density as the decisive factor in tactical vehicle electrification. Supplier inquiries for metal-air prototypes in Europe rose 150% in 2024, confirming accelerating commercial interest.
Falling Zinc and Aluminum Prices Versus Lithium and Cobalt
Zinc prices slid 15% in 2024 to USD 2,850 per ton, while lithium carbonate stayed elevated at USD 15,000 per ton. Aluminum held at USD 2,200 per ton amid expanding recycling capacity. A Finnish geological assessment shows global zinc reserves outnumber lithium 20:1, pointing to sustained cost advantages. [3]Geological Survey of Finland, “Metals for Energy Transition Assessment,” gtk.fi Battery makers now report raw-material cost savings of about 40% for zinc-air packs relative to lithium-ion equivalents, partially offsetting higher processing expenses. Secondary aluminum supply is forecast to climb 25% by 2030, supporting commodity-linked cost stability.
Government Funding for Long-Duration Storage Pilots
Public grants reduce commercialization risk for multi-day storage. The U.S. Department of Energy awarded USD 400 million to technologies delivering more than 10-hour duration in 2024, with metal-air projects securing 30% of funds. California’s USD 30 million grant to Form Energy represents the largest state-level commitment to iron-air manufacturing. Horizon Europe dedicated EUR 150 million (USD 169 million) for battery R&D, reserving a quarter for metal-air research. Qatar inserted a 1 MW/4 MWh desert-climate pilot into its Vision 2030 roadmap, further validating long-duration use cases.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Limited cycle life versus Li-ion alternatives | -2.1% | Global, particularly affecting automotive applications | Short term (≤ 2 years) |
| Air-cathode CO₂ poisoning and catalyst degradation | -1.8% | Global, with higher impact in urban and industrial environments | Medium term (2-4 years) |
| Immature large-scale manufacturing supply chain | -1.5% | Global, with concentration in Asia-Pacific and North America | Medium term (2-4 years) |
| Competition for decarbonised high-purity aluminium feedstock | -0.9% | Global, with emphasis on regions with aluminum production | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Limited Cycle Life Versus Li-ion Alternatives
Current zinc-air cells deliver 300-500 cycles, well below the 2,000-3,000 cycles achieved by lithium-ion packs. Lithium-air prototypes often fall under 200 cycles owing to electrolyte degradation and dendrite growth. Automotive cost-of-ownership models indicate that sub-500-cycle performance forces battery replacement every three years, undermining economic parity with lithium-ion. Efforts to reach 1,000+ cycles center on solid-state electrolytes, with Air Energy’s commercial launch targeting that threshold. Quality-control variability across early production lines still causes 30-50% performance swings, complicating scale-up forecasts.
Air-Cathode CO₂ Poisoning and Catalyst Degradation
Ambient CO₂ reacts with air electrodes to form carbonates, cutting oxygen-reduction efficiency by up to 40% within 100 operating hours. Urban sulfur dioxide and particulates also corrode platinum and silver catalysts, magnifying degradation in polluted locales. Beijing and Los Angeles field tests registered 35% performance loss in six months, compared with filtered-air laboratory baselines. AZUL Energy’s rare-metal-free catalyst initiative eases cost pressures but remains vulnerable to atmospheric contaminants. Filtration systems curb degradation yet add complexity and cut overall round-trip efficiency, presenting a design trade-off engineers must reconcile.
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.

Note: Segment shares of all individual segments available upon report purchase
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.

Note: Segment shares of all individual segments available upon report purchase
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.

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
Phinergy Ltd.
Zinc8 Energy Solutions Inc.
NantEnergy Inc.
Log9 Materials Scientific Private Limited
Arotech Corporation
- *Disclaimer: Major Players sorted in no particular order

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.
Global Metal-Air Battery Market Report Scope
| Zinc-air |
| Aluminum-air |
| Lithium-air |
| Iron-air |
| Other Metal Type |
| Primary (Non-rechargeable) |
| Secondary (Rechargeable) |
| Low (<12 V) |
| Medium (12-36 V) |
| High (>36 V) |
| Electric Vehicles |
| Stationary Energy Storage |
| Military and Defence Electronics |
| Consumer and Medical Electronics |
| Other Application |
| North America | United States | |
| Canada | ||
| Mexico | ||
| Europe | Germany | |
| United Kingdom | ||
| France | ||
| Russia | ||
| Rest of Europe | ||
| Asia-Pacific | China | |
| Japan | ||
| India | ||
| South Korea | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Middle East and Africa | Middle East | Saudi Arabia |
| United Arab Emirates | ||
| Rest of Middle East | ||
| Africa | South Africa | |
| Egypt | ||
| Rest of Africa | ||
| South America | Brazil | |
| Argentina | ||
| Rest of South America | ||
| 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 America | United States | |
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Russia | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| Japan | |||
| India | |||
| South Korea | |||
| Australia | |||
| Rest of Asia-Pacific | |||
| Middle East and Africa | Middle East | Saudi Arabia | |
| United Arab Emirates | |||
| Rest of Middle East | |||
| Africa | South Africa | ||
| Egypt | |||
| Rest of Africa | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
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.




