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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 |
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| Companies studied |
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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.
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