The global aluminum-based battery market is anticipated to grow at a CAGR of 2.7% during the forecast period. Aluminum-based battery such as aluminum-ion battery offers the advantage of a volumetric capacity that is four times higher compared to lithium. Additionally, aluminum is the most abundant metal on the earth. The companies are making efforts to make it cost-efficient. For instance, Graphene Manufacturing Group, a clean technology company in Australia is expected to launch graphene aluminum ion in the market in 2021 or next year. The batteries could charge time up to 22 to 60 times faster than lithium-ion batteries.

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The global aluminum-based battery market can be segmented based on application and type. Based on Application, the market is bifurcated into Industrial, Automotive, Others. Among the application, the automotive segment held a major market share. Based on type, the market is segmented into aluminum-ion battery and aluminum-air battery. Among type, the aluminum-air battery is expected to hold a major market share during the forecast period.

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The market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, France, Spain, Germany, and Rest of Europe), Asia-Pacific (India, Japan, China, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East and Africa, and Latin America). Asia Pacific is projected to exhibit the fastest growth in the global aluminum-based battery market. During the forecast period, Asia Pacific is projected to have a significant share of the market. The factors contributing to the growth of the market include an increase in investment in electric vehicles in India. For instance, Kerala aimed to put 1 million Electric Vehicle Units by 2022 and 6,000 buses in public transport by 2025. Additionally, Telangana aimed to achieve 80% sales targets for 2 and 3-wheeler, 70% for commercial cars such as Ola and Uber, 40% for buses, 30% for private cars, and 15% for electrification of all vehicles by 2025.

Global Aluminum-based Battery Market – Segmentation
by Application
Industrial
Automotive
Others
by Type
Aluminum-Ion Battery
Aluminum-Air Battery

Global Aluminum-based Battery Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Shenzen Nova
AEGegPowertools
BASF
Cell-Con, Inc.
Duracell Inc.
Eagle-Picher Technologies, LLC
Energizer Holdings, Inc.
GP Batteries International Ltd.
Harding Energy Inc.
Johnson Controls Inc.
Panasonic Corp.
Phinergy
Power-Sonic Corp.
Sony Corp.
Spectrum Brands Holdings, Inc.
Supreme Batteries Pvt. Ltd.
Taurac
Uniross


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