Already a member? Login to access this report free.
Report Highlights
The global market for next-generation advanced batteries is estimated to grow from $1.5 billion in 2024 to reach $5.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 28.5% from 2024 through 2029.
Report Includes
- 33 data tables and 48 additional tables
- A review of the global market for next-generation advanced batteries
- Analyses of the global market trends, with sales data for 2023, 2024, estimates for 2025, forecasts for 2028, and projections of compound annual growth rates (CAGRs) through 2029
- Evaluation and forecast of the global market for next-generation advanced batteries, and a corresponding market share analysis by type, end use industry and region
- A look at emerging technological trends, and the opportunities and gaps in current and future demand for next-generation advanced batteries
- Information on the latest developments in next-generation advanced batteries and new industry research and economic trends
- Coverage of evolving technologies, the current and future market potential, R&D activities, growth strategies, regulatory framework and reimbursement scenarios, and ESG trends of the market
- Analysis of the key companies’ market shares and their proprietary technologies, strategic alliances, and patent portfolios
- Profiles of the companies, including Contemporary Amperex Technology Co. Ltd. (CATL), HiNa Battery Technology Co. Ltd., LG Energy Solution, QuantumScape Battery Inc., and Sumitomo Electric Industries Ltd.
Report Scope
This report analyzes the global next-generation advanced batteries market and examines the end use of these batteries within various industries. It also includes emerging technologies and developments, upcoming trends, the competitive landscape, market dynamics, and a patent analysis of the market.
The report further focuses on ESG developments and macro-economic factors. Geographic regions include North America, Europe, Asia-Pacific and the Rest of the World (South America, the Middle East and Africa). It concludes with profiles of the leading companies in the next-generation advanced batteries market.
The base year of this report is 2023, and the estimated year is 2024. Market values ($ million) are forecasted until the end of 2029.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $1.2 Billion | ||||||||||||||||
| Market size forecast | $5.3 Billion | ||||||||||||||||
| Growth rate | CAGR of 28.5% from 2024 to 2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | By Battery Type, End Use, and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific and the Rest of the World (South America, the Middle East and Africa) | ||||||||||||||||
| Key Market Drivers |
|
||||||||||||||||
| Companies studied |
|
||||||||||||||||
Frequently Asked Questions (FAQs)
- Need for a cost-effective alternative to lithium-ion batteries (LIBs).
- Preference for flow batteries over conventional batteries.
- Increasing demand for solar energy facilitating next-generation advanced battery deployment.
- Demand for higher battery energy density.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global next-generation advanced batteries market reached $87.6 million in 2022 and should reach $1.8 billion by 2027, with a compound annual growth rate (CAGR) of 83.5% during the forecast period of 2022-2027.
Report Includes
- 16 data tables and 36 additional tables
- A comprehensive overview of the global and regional markets for the next-generation advanced battery technologies
- Analyses of the global market trends with market revenue (sales figures) for 2021, estimates for 2022, forecasts for 2023, and projections of compound annual growth rates (CAGRs) through 2027
- Estimation of the actual market size for the global next-generation advanced battery technologies market both in value and volumetric terms, revenue forecast, and corresponding market share analysis based on the battery type, end use, and region
- Discussion of the major market drivers and opportunities in next-generation advanced battery, key shifts and regulations, industry specific challenges, and other region-specific macroeconomic factors that will shape this market demand in the coming years (2022-2027)
- Highlights of the recent advances made in next-generation advanced battery manufacturing and recycling, their commercial applications, industry structure, and a global supply chain analysis providing systematic study of all key intermediaries involved
- Coverage of the technological, economic, and business considerations of the global next-generation advanced battery technologies market through 2027
- Insight into the company competitive landscape and market share analysis of the major companies operating in the industry, and coverage of their proprietary technologies, strategic alliances, and other market strategic advantages
- Company profiles of major players within the industry, including Sion Power Corp., Contemporary Amperex Technology Co. Ltd., PolyPlus Battery Co., GS Yuasa Corp., and Sion Power Corp.
Related Reports
Global EV Battery Swapping Market
The global EV battery swapping market was valued at $750.1 million in 2023. It is projected to grow from $894.2 million in 2024 to $2.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 25.5% from 2024 through 2029.
Flow Batteries: Global Markets
The global flow battery market was valued at $344.7 million in 2023. This market is expected to grow from $416.3 million in 2024 to $1.1 billion by the end of 2029, at a compound annual growth rate (CAGR) of 21.7% from 2024 through 2029.
Sodium-ion Batteries: Materials, Technologies and Global Markets to 2029
The global market for sodium-ion batteries (SIB) is estimated to increase from $318.0 million in 2023 to reach $838.5 million by 2029, at a compound annual growth rate (CAGR) of 18.6% from 2024 through 2029.
Electric Vehicles and Fuel Cell Vehicles: Global Markets
The global market for electric vehicles and fuel cell vehicles was valued at $655.9 billion in 2023. The market is expected to grow from $758.0 billion in 2024 to $1.8 trillion by 2029, at a compound annual growth rate (CAGR) of 18.6% from 2024 to 2029.
Recent Reports
Next-Generation Advanced Batteries: Global Markets
The global market for next-generation advanced batteries is estimated to grow from $1.5 billion in 2024 to reach $5.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 28.5% from 2024 through 2029.
Global Fuel Cell Generator Market
The global market for fuel cell generator was valued at $1.2 billion in 2024 and is estimated to increase from $1.4 billion in 2025 to reach $3.1 billion by 2029, at a compound annual growth rate (CAGR) of 21.2% from 2024 through 2029.
Global Fuel Cell Stack Market
The global fuel cell stack market report is segmented in terms of technology and end-use industry segments. In this report, market analysis for the leading countries, such as the U.S., Canada, China, Japan, Germany, France, and the U.K. is covered, where the opportunity for fuel cell stack is gaining momentum in the global market.
Global Hydrogen Energy Storage Market
This report provides an overview of the global hydrogen energy storage market. It provides analysis of the market based on storage form, technology, and end-user segments. The report includes patent analysis, an ESG development chapter, and industry competitive landscape.
Global Lithium-ion Battery Market
The global market for lithium-ion battery (LIB) is expected to grow from $117.8 billion in 2024 and is projected to reach $221.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 13.5% during the forecast period of 2024 to 2029.
Top Trending Reports
Global Markets for Emerging Medical Device Technologies
The global market for emerging medical devices is estimated to increase from $136.6 billion in 2024 to reach $223.9 billion by 2029, at a compound annual growth rate (CAGR) of 10.4% from 2024 through 2029.
Global Diabetic Care Devices Market
The global market for diabetes monitoring devices is expected to grow from $16.6 billion in 2024 to $26.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.1% from 2024 through 2029.
2024 Medical Devices Research Review
The medical device industry is a multi-billion-dollar industry whose outlook is supposed to rise in the coming years These devices treat and diagnose a multitude of patient conditions and work much better than drugs.
Global Lithium-ion Battery Market
The global market for lithium-ion battery (LIB) is expected to grow from $117.8 billion in 2024 and is projected to reach $221.7 billion by the end of 2029, at a compound annual growth rate (CAGR) of 13.5% during the forecast period of 2024 to 2029.
Generative AI: Global Markets
The global market for generative AI was valued at $15.4 billion in 2023. It is projected to grow from $20.8 billion in 2024 to $94.4 billion by 2029, at a compound annual growth rate (CAGR) of 35.3% from 2024 through 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More