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Liquid Metal Battery Market - Outline

Liquid metal batteries are used for increasing the stability of the grid, thereby solving electricity storage problems. The increasing demand for electric vehicles is a prime factor augmenting the growth of the global liquid metal battery market. Proficiency and unwavering quality of energy transmission and capacity is reliant upon the capacity limit of the battery. This is pertinent to all frameworks, going from little close to home gadgets to control matrices. Batteries are utilized to supply capacity to compact gadgets, to fuel vehicles, and to cause disturbances in the working of electric matrices. Notwithstanding, regardless of the great materialness of batteries, mechanical advances in the battery business in satisfying the need for power in the cutting edge world have been moderate paced.

Advancement of fluid metal battery is a creative methodology for tackling issues in framework scale power stockpiling. Mix of sustainable assets into power matrix can be improved with the capacities of fluid metal batteries. Besides, fluid metal batteries are seen to improve the unwavering quality of a maturing lattice. They are likewise liable to offset the prerequisite of extra transmission, age, and dispersion resources in a framework. The end-client market of fluid metal battery is genuinely cutthroat as consistent developments focusing on utility-scale energy stockpiling applications are in progress.

Efficiency and reliability of energy transmission and storage is dependent on the storage capacity of the battery. This is applicable to all systems, ranging from small personal devices to power grids. Batteries are used to supply power to portable devices, to fuel vehicles, and to cause disruptions in the working of electric grids. However, despite the high applicability of batteries, technological advances in the battery industry in meeting the demand for power in the modern world have been slow-paced.

A noteworthy innovation in the battery industry is the pioneering research on liquid-metal rechargeable batteries conducted by Professor Donald Sadoway at the Massachusetts Institute of Technology. The research included application of magnesium-antimony (Mg-Sb) and lead-antimony (Pb-Sb) in the experiments at MIT. In the experiment, electrode and electrolyte layers are heated until they turn into liquid and segregate due to density and immiscibility. Liquid metal batteries have longer lifespans than conventional batteries.

The technology for liquid metal batteries was first proposed in 2009. It was based on the separation of magnesium and antimony by molten salt. The selection of magnesium and antimony at negative and positive electrodes, respectively, was done primarily due to their low cost. Moreover, magnesium exhibited low solubility in molten-salt electrolyte, whereas, antimony was anticipated to discharge higher voltage.

Based on metal composition in battery, the liquid metal battery market can be segmented into Mg-Sb battery, Pb-Sb battery, and Na-S battery. Sodium-sulfur (Na-S) batteries are partially molten-metal batteries. They can be used for storing energy for renewable applications, load leveling, or providing backup source. Raw materials required for producing Na-S batteries are relatively inexpensive; they are also abundantly available. However, the lifespan of Na-S battery is short due to degradation caused by the corrosive nature of its active ingredients viz. sodium and sulfur. Furthermore, usage of Na-S batteries has been limited to large-sized applications.

In 2010, commercialization of the liquid metal battery technology invented at MIT was carried out through the Liquid Metal Battery Corporation (LMBC). The company was later renamed as Ambri in 2012. Ambri launched its commercialized liquid metal battery technology in 2016. Liquid metal batteries are projected to have a lifespan of more than 15 years with no degradation in performance. These batteries can be custom designed in order to meet specific needs.

Development of liquid metal battery is an innovative approach for solving problems in grid-scale electricity storage. Integration of renewable resources into power grid can be improved with the capabilities of liquid metal batteries. Moreover, liquid metal batteries are perceived to improve the reliability of an aging grid. They are also likely to counterbalance the requirement of additional transmission, generation, and distribution assets in a grid system. The end-user market of liquid metal battery is fairly competitive as constant innovations targeting utility-scale energy storage applications are underway.

The liquid metal battery utilizes three liquid layers as electroactive components. These components comprise liquid metal positive electrode, a fused salt electrolyte, and a liquid metal negative electrode. Due to the difference in their density and immiscible properties, these three liquid layers can float on top of each other. This characteristic, along with the usage of inexpensive materials, fosters low assembly cost of liquid metal batteries.

Liquid metal batteries can overcome mechanism failure generally faced by solid-state battery components. This has the potential to elongate the lifespan of the device. Ongoing research in this field comprises several engineering challenges and scientific topics such as computational thermal modeling, fundamental thermodynamic measurements of candidate electrode couples, electrochemical studies of molten salt electrolytes, long term corrosion and lifespan testing, and scaling up the design to build larger single-cells.

Key players operating in the liquid metal battery market include Ambri Inc., EnerVault, Aquion, and Pellion Technologies. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Liquid Metal Battery Market

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