Vancouver, BC -- (SBWire) -- 04/26/2021 --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 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.
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A conscious effort is made by the subject matter experts to analyse how some business owners succeed in maintaining a competitive edge while the others fail to do so makes the research interesting. A quick review of the realistic competitors makes the overall study a lot more interesting. Opportunities that are helping product owners' size up their business further add value to the overall study.
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.
Regional scope- North America; Europe; Asia Pacific; Central & South America; MEA
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
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Report Objectives
Examine the size of the global Next Generation Batteries market based on the parameters of value and volume.
Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Next Generation Batteries market.
Explore the underlying dynamics of the global Next Generation Batteries market.
Highlight significant trends of the global Next Generation Batteries market based on factors including, production, revenue, and sales.
Extensively profile top players of the global Next Generation Batteries market and showing how they compete in the industry.
Study manufacturing processes and the costs, product pricing, and various trends associated with them.
Analyze the performance of different regions and countries in the global Next Generation Batteries market.
Forecast the market size and share of all segments and regions in the global landscape.
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?
Research Methodology
Data triangulation and market breakdown
Research assumptions Research data including primary and secondary data
Primary data includes breakdown of primaries and key industry insights
Secondary data includes key data from secondary sources
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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, 2019-2028
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 demand for growing medicinal application
4.2.2.2. Rising legalization of Next Generation Batteries
4.2.2.3. Technological advancement in product invention
4.2.3. Market restraints analysis
4.2.3.1. The complex regulatory framework for the usage of Next Generation Batteries
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…
Next Generation Batteries Market Share Growing Rapidly with Recent Trends and Outlook 2020 – 2028
The global Next Generation Batteries market has been categorized based on the product type, application, and region. Our expert analysts undertake a thorough assessment of all of the segments included in the report and analyze them based on their market share, revenue, market growth rate, and other vital factors.