With rising adoption of Lithium-Air Battery owing to its high energy density, the demand for these battery increases gradually. As the automakers strive to reduce weight of EVs to enhance efficiency and increase range, the lightweight nature of lithium-air batteries could make them an appealing option, therefore driving global lithium-air battery market.
Key Takeaways:
According to the recent report published by Markntel Advisors, the Global Lithium-Air Battery Market is projected to grow at a CAGR of around 9.50% during the forecast period, i.e., 2025-30. This growth is further driven by the rise of wearable technology, including smartwatches, fitness trackers, and smart clothing, has fueled the demand for miniaturized electronic components.
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