Next Generation Batteries Market Size, Share & Trends Analysis Report by Product, by Applications, by Regions and Segment Forecasts, 2020 – 2027
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. Major manufacturers of next generation batteries are investing significantly in development of high-power and safe battery technologies using 3-dimensional structures with high-density solid electrolytes and electrodes. The rising need to supply reliable power in compact wearable devices has also resulted in increasing production of advanced next generation batteries with high energy density capabilities.
The Next Generation Batteries market research for the forecast period, 2020 to 2027 cannot be underestimated for the reason that it offers a real-time data on the target market; identifies customer problems and outlines the immediate competitors. The simplified document speaks about how company owners plan to keep up with the market trends.
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Key Highlights of Report
In August 2020, Panasonic announced investment of an additional USD 100 million in a battery producing factory in Nevada, US. This expansion is expected to drive battery supply to automaker, Tesla, for the production of its electric vehicles.
The consumer electronics segment accounted for largest market share of 42.9% in 2019. Rising purchasing power of consumers in developing economies has resulted in increased demand for electronic devices, which is further driving demand for advanced next generation batteries in the consumer electronics sector.
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.
North America accounted for largest revenue share contribution to the global next generation batteries market in 2019. Increasing adoption of electric vehicles and electronic gadgets continues to drive demand for more efficient and cost-effective next generation advanced batteries in countries in the region.
Key players in the 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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Emergen Research has segmented the global Next Generation Batteriess market on the basis of interface, type, mode, end-users, and region:
End-use Outlook (Revenue, USD Billion; 2020–2027)
Transportation
Energy Storage
Consumer Electronics
Industrial
Others
Type Outlook (Revenue, USD Billion; 2020–2027)
Nickel cadmium
Lithium ion
Magnesium ion
Lithium Sulphur
Solid Electrodes
Ultra-capacitors
Metal air
Nickel metal hydride
Regional scope – North America; Europe; Asia Pacific; Central & South America; MEA
Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
All of the segments studied in the research study are analyzed on the basis of BPS, market share, revenue, and other important factors. Our research study shows how different segments are contributing to the growth of the global Next Generation Batteries market. It also provides information on key trends related to the segments included in the report. This helps market players to concentrate on high-growth areas of the global Next Generation Batteries market. The research study also offers separate analysis on the segments on the basis of absolute dollar opportunity.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
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
4.2.2.1. Growing adoption of medical marijuana for treatment of chronic diseases
4.2.2.2. Growing legalization of medical marijuana in various countries
4.2.3. Market restraints analysis
4.2.3.1. Lower market access of marijuana due to absence of legalization programs
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
Continued…
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