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Global Next-Generation advanced battery Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. The global next-generation advanced battery market refers to the market for advanced battery technologies that are used in a variety of applications such as electric vehicles, grid storage systems, consumer electronics, and industrial applications. These batteries offer higher energy density, longer life, faster charging times, and improved safety compared to traditional batteries. The market is driven by the increasing demand for energy storage solutions and the growing adoption of electric vehicles. The need for renewable energy sources and the shift towards sustainable energy are also driving the growth of the next-generation advanced battery market. Moreover, high government support and rising initiatives by the key market players is creating lucrative growth opportunity for the market over the forecast period 2022-2029.
China is the largest market for electric vehicles, with more than 4 million electric vehicles on the road in 2020. The Chinese government has set ambitious targets for electric vehicle adoption, with the aim of having electric vehicles account for 20% of new car sales by 2025. Moreover, Norway has the highest per capita adoption of electric vehicles in the world, with electric vehicles accounting for more than 50% of new car sales in 2020. The Norwegian government has offered incentives for electric vehicle purchases and has invested in charging infrastructure to support electric vehicle adoption. Along with this, the United States is the second-largest market for electric vehicles, with more than 1 million electric vehicles on the road in 2020. The Biden administration has set a goal of having 50% of new car sales be electric vehicles by 2030 and has proposed significant investments in electric vehicle infrastructure and research and development. However, the high cost of Next-Generation advanced battery stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Next-Generation advanced battery Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. The North American market for next-generation advanced batteries is driven by the increasing adoption of electric vehicles and the need for energy storage solutions in the region. The United States has the largest market for electric vehicles in North America, with major automakers investing in research and development of advanced battery technologies. The growth of the energy storage market in the region is also driving the demand for advanced batteries. The Asia Pacific region is the largest market for next-generation advanced batteries, driven by the increasing demand for electric vehicles and renewable energy sources. China, Japan, and South Korea are the major players in the region, with significant investments in research and development and production capabilities. China is the largest market for electric vehicles, which is driving the growth of the advanced battery market in the region.
Major market players included in this report are:
- Sion Power Corporation
- Contemporary Amperex Technology Co. Ltd
- PolyPlus Battery Co. Inc.
- GS Yuasa Corporation
- Saft Groupe SA.
- Tesla
- LG Chem
- BYD Company Ltd.
- Panasonic Corporation
- Samsung SDI Co
Recent Developments in the Market:
- According to the Bipartisan Infrastructure Law, the US Department of Energy declared in February 2022 that it would contribute USD 2.91 billion to increase the production of advanced batteries used in stationary energy storage systems and electric cars.
- Mercedes-Benz and ProLogium signed a technology cooperation deal in January 2022 to create battery cells of the future. By 2030, Mercedes-Benz wants to be completely electrified. ProLogium is expected to be a strong partner for Mercedes Benz given its expertise in solid-state battery R&D and manufacturing.
Global Next-Generation advanced battery Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Technology, End-use, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Technology offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Technology:
- Solid Electrolyte Battery
- Magnesium Ion Battery
- Next-generation Flow Battery
- Metal-Air Battery
- Lithium-Sulfur Battery
- Other Technologies
By End-use:
- Consumer Electronics
- Transportation
- Industrial
- Energy Storage
- Other End Users
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Next-Generation advanced battery Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Next-Generation advanced battery Market, by Technology, 2019-2029 (USD Billion)
- 1.2.3. Next-Generation advanced battery Market, by End-use, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Next-Generation advanced battery Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Next-Generation advanced battery Market Dynamics
- 3.1. Next-Generation advanced battery Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for energy storage solutions
- 3.1.1.2. Growing adoption of electric vehicles
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Next-Generation advanced battery
- 3.1.3. Market Opportunities
- 3.1.3.1. High government support
- 3.1.3.2. Rising initiatives by the key market players
Chapter 4. Global Next-Generation advanced battery Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Next-Generation advanced battery Market, by Technology
- 6.1. Market Snapshot
- 6.2. Global Next-Generation advanced battery Market by Technology, Performance - Potential Analysis
- 6.3. Global Next-Generation advanced battery Market Estimates & Forecasts by Technology 2019-2029 (USD Billion)
- 6.4. Next-Generation advanced battery Market, Sub Segment Analysis
- 6.4.1. Solid Electrolyte Battery
- 6.4.2. Magnesium Ion Battery
- 6.4.3. Next-generation Flow Battery
- 6.4.4. Metal-Air Battery
- 6.4.5. Lithium-Sulfur Battery
- 6.4.6. Other Technologies
Chapter 7. Global Next-Generation advanced battery Market, by End-use
- 7.1. Market Snapshot
- 7.2. Global Next-Generation advanced battery Market by End-use, Performance - Potential Analysis
- 7.3. Global Next-Generation advanced battery Market Estimates & Forecasts by End-use 2019-2029 (USD Billion)
- 7.4. Next-Generation advanced battery Market, Sub Segment Analysis
- 7.4.1. Consumer Electronics
- 7.4.2. Transportation
- 7.4.3. Industrial
- 7.4.4. Energy Storage
- 7.4.5. Other End Users
Chapter 8. Global Next-Generation advanced battery Market, Regional Analysis
- 8.1. Next-Generation advanced battery Market, Regional Market Snapshot
- 8.2. North America Next-Generation advanced battery Market
- 8.2.1. U.S. Next-Generation advanced battery Market
- 8.2.1.1. Technology breakdown estimates & forecasts, 2019-2029
- 8.2.1.2. End-use breakdown estimates & forecasts, 2019-2029
- 8.2.2. Canada Next-Generation advanced battery Market
- 8.3. Europe Next-Generation advanced battery Market Snapshot
- 8.3.1. U.K. Next-Generation advanced battery Market
- 8.3.2. Germany Next-Generation advanced battery Market
- 8.3.3. France Next-Generation advanced battery Market
- 8.3.4. Spain Next-Generation advanced battery Market
- 8.3.5. Italy Next-Generation advanced battery Market
- 8.3.6. Rest of Europe Next-Generation advanced battery Market
- 8.4. Asia-Pacific Next-Generation advanced battery Market Snapshot
- 8.4.1. China Next-Generation advanced battery Market
- 8.4.2. India Next-Generation advanced battery Market
- 8.4.3. Japan Next-Generation advanced battery Market
- 8.4.4. Australia Next-Generation advanced battery Market
- 8.4.5. South Korea Next-Generation advanced battery Market
- 8.4.6. Rest of Asia Pacific Next-Generation advanced battery Market
- 8.5. Latin America Next-Generation advanced battery Market Snapshot
- 8.5.1. Brazil Next-Generation advanced battery Market
- 8.5.2. Mexico Next-Generation advanced battery Market
- 8.6. Rest of The World Next-Generation advanced battery Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. Sion Power Corporation
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. Contemporary Amperex Technology Co. Ltd
- 9.2.3. PolyPlus Battery Co. Inc.
- 9.2.4. GS Yuasa Corporation
- 9.2.5. Saft Groupe SA.
- 9.2.6. Tesla
- 9.2.7. LG Chem
- 9.2.8. BYD Company Ltd.
- 9.2.9. Panasonic Corporation
- 9.2.10. Samsung SDI Co
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption
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