Increasing demand for more efficient and cost-effective batteries is driving global next generation batteries market growth.
The global next generation batteries market is expected to reach a market size of USD 20.84 Billion at a steady CAGR of 5.6% in 2027, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to increasing investment by OEMs such as BMW Group, Volkswagen, and Daimler for production of more efficient and cost-effective batteries. Increasing research and development activities for production of advanced next generation batteries with better fire resistance, longer life span, and quicker charge rate are key factors expected to drive growth of the global next generation batteries market.
The rise in purchasing power of consumers in emerging economies has boosted demand for electric vehicles and electronic devices and gadgets, which is driving utilization of next generation batteries for increasing efficiency of electric vehicles.
The latest market intelligence report, titled ‘Global Next Generation Batteries Market’, is intended to provide the target audience with the necessary information about the global Next Generation Batteries industry.
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The lithium sulphur segment revenue is expected to expand at rapid CAGR of 8.2% during the forecast period. Lithium sulphur batteries are being increasingly adopted in the manufacture of automotive and consumer electronics products owing to longer life span, and being more environmentally sustainable to produce in comparison to lithium-ion batteries.
Key highlights of the Global Next Generation Batteries Market report:
- The latest report performs an in-depth study of the potential opportunities and risks associated with the global Next Generation Batteries market, alongside studying the recent innovations and major events.
- It offers a conclusive study of the future growth trajectory of the Next Generation Batteries market and throws light on various market drivers, challenges, and constraints.
- A detailed synopsis of the market includes the rapidly changing market dynamics and an accurate prediction of the current, historical, and forecast market size in terms of volume and value
- The intensely competitive atmosphere of the global Next Generation Batteries market detailed in the report stresses on the product offerings and key strategies adopted by the established market players to strengthen their foothold in the industry.
- Key players in the Next Generation Batteries market include Sion Power Corporation, Panasonic Corporation, Hitachi, Ambri Inc., NantEnergy Corporation, Phinergy, LG Chemicals, Samsung, Mitsubishi Chemical and Amprius Inc.
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The research study presents an industry-wide summary of the Next Generation Batteries market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Next Generation Batteries7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
The Next Generation Batteries market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
- End-use Outlook (Revenue, USD Billion; 2020–2027)
- Energy Storage
- Consumer Electronics
- Type Outlook (Revenue, USD Billion; 2020–2027)
- Nickel cadmium
- Lithium ion
- Magnesium ion
- Lithium Sulphur
- Solid Electrodes
- Metal air
- Nickel metal hydride
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The Next Generation Batteries industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions ask to our team:
- What is the growth rate of the Next Generation Batteries market? What is the anticipated market valuation of the Next Generation Batteries industry by 2027?
- What are the key growth driving and restraining factors of the Next Generation Batteries market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Next Generation Batteries industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
Take a look “Table of Content Next Generation Batteries market”
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Next Generation Batteries Market Segmentation & Impact Analysis
4.1. Next Generation Batteries Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
18.104.22.168. Increasing demand for more efficient and cost effective batteries
22.214.171.124. Rise in the number of electric vehicles and electronic gadgets
4.2.3. Market restraints analysis
126.96.36.199. High cost of the next generation batteries
188.8.131.52. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Next Generation Batteries Market By End-user Insights & Trends, Revenue (USD Million), Volume (Million Units)
5.1. End-user Dynamics & Market Share, 2019 & 2027
5.1.2. Energy Storage
5.1.3. Consumer Electronics
Chapter 6. Next Generation Batteries Market By Type Insights & Trends Revenue (USD Million), Volume (Million Units)
6.1. Type Dynamics & Market Share, 2019 & 2027
6.1.1. Nickel cadmium
6.1.2. Lithium ion
6.1.3. Magnesium ion
6.1.4. Lithium Sulphur
6.1.5. Solid Electrodes
6.1.7. Metal air
6.1.8. Nickel metal hydride
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Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Facebook | LinkdIn | Twitter | Blogs