by Breathing battery or lithium-air battery is a metal-air battery which uses lithium metal as an anode and oxygen from air as a cathode. Breathing batteries have a significantly higher specific energy compared to traditional lithium-ion battery as oxygen is supplied from the environment rather than stored in battery. These batteries can power medical devices requiring prolonged power and better energy density such as pacemakers. Breathing batteries are non-toxic, sustainable and have a high energy density of 11,200Wh/kg which is 10 times higher than lithium-ion batteries. The global demand for portable medical devices, hearing aids andImplantable medical devices has been growing due to increasing health awareness and aging population. Breathing batteries with their longer battery life and high energy density can efficiently power these devices providing convenience to users.
The global Breathing Battery Market is estimated to be valued at US$19.39 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends in the Breathing Battery Market has been the growing research and development to enhance battery performance and durability. Researchers at Stanford University developed an innovative reactive cathode material consisting of nanosized Fe/FeO that enhances the battery life and recharge capability. The dual phase Fe/FeO cycles lithium much faster than normal lithium-air batteries. companies such as Berkeley Lab, University of Cambridge are working on electrolytes and electrode materials to improve cycle life, self-discharge rates and enable recharging. Another key trend is the increasing adoption of breathing batteries for medical implants. Companies are developing breathing bio-batteries powered by glucose, lactate or oxygen in bodily fluids to power cardiac pacemakers and neurostimulators. These bio-batteries eliminate the need for replacement surgeries and provide comfort to patients.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in breathing battery market is moderate. The battery and mask manufacturing requires significant R&D investments and compliance with strict industry standards which poses high entry barriers for new players.
Bargaining power of buyers: The bargaining power of buyers is high in breathing battery market. The buyers have various product and technology options available from different manufacturers.
Bargaining power of suppliers: The bargaining power of suppliers is moderate. The raw material supplies are standardized however the suppliers of key components like battery cells and sensors have some influence on pricing.
Threat of new substitutes: Threat of new substitutes is low. The specialized applications and compliance requirements of breathing batteries restrict development of substitutes.
Competitive rivalry: The competitive rivalry is high among existing players. The players compete on pricing, product features, innovation and brand reputation.
Key Takeaways
The global Breathing Battery Market Growth is expected to witness high over the forecast period of 2023 to 2030. The global Breathing Battery Market is estimated to be valued at US$19.39 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.
North America is anticipated to be the largest as well as the fastest growing regional market owing to increasing healthcare and industrial safety expenditure. The United States holds the major share of North America breathing battery market. Europe is also expected to capture a significant share in the breathing battery market. Stringent worker safety regulations coupled with presence of major manufacturers in Germany, United Kingdom and France drives the Europe market. Asia Pacific region presents lucrative opportunities for breathing battery market. Rapid industrialization activities and rising consumer disposable income in China and India will propel the demand.
Key players: Key players operating in the breathing battery market are Berkshire Corporation, Kimberly-Clark Corporation, Contec, Inc., DuPont, Ansell Ltd., Illinois Tool Works Inc., Thermo Fisher Scientific, Inc., Helapet, Steris Plc., and VWR International, LLC. (Avantor). Berkshire Corporation and Kimberly-Clark Corporation command the largest market share. Players compete on technological innovation, brand positioning and geographical expansion.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
