Global Next-Generation Batteries Market to Reach USD 21,143.59 Million by 2030 | CAGR of 5.7%
Category : Energy and Power | Published Date : Oct 2024 | Type : Press Release
Next-Generation Batteries Market Scope & Overview:
In the newly published report Consegic Business Intelligence states that the Next-Generation Batteries Market size was valued at USD 13.77 Billion in 2022 and is projected to reach USD 21.14 Billion by 2030, growing at a CAGR of 5.7% from 2023 to 2030. Next-generation batteries are advanced energy storage solutions designed to overcome the limitations of traditional battery technologies. They incorporate innovative materials and designs that enhance energy storage capacity, efficiency, safety, and lifespan, supporting applications in electric vehicles, renewable energy, portable electronics, and grid-scale energy storage.
The report comprises the Next-Generation Batteries Market Share, Size & Industry Analysis, By Type (Lithium-ion Batteries, Metal-air Batteries, Magnesium-ion Batteries, Lithium-sulfur Batteries, Nickel-cadmium Batteries, Sodium-ion Batteries, Solid-electrolyte Batteries, Zinc-based Batteries, Others), By Application (Consumer Electronics, Industrial, Electric Vehicles, Renewable Energy Storage, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Next-Generation Batteries Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The rising demand for high-capacity batteries in electric vehicles and expansion in renewable energy storage are key market drivers. Additionally, advances in solid-state and lithium-sulfur batteries present growth opportunities for next-generation battery manufacturers.
Segmental Analysis :
Based on type, the market is segmented into lithium-ion batteries, metal-air batteries, magnesium-ion batteries, lithium-sulfur batteries, nickel-cadmium batteries, sodium-ion batteries, solid-electrolyte batteries, zinc-based batteries, and others.
- Lithium-ion batteries held the largest market share in 2022 due to their high energy density, long cycle life, and widespread application in consumer electronics and electric vehicles.
- Solid-electrolyte batteries are projected to grow the fastest, driven by their superior safety, increased energy density, and suitability for electric vehicles and renewable energy storage.
Based on application, the market is divided into consumer electronics, industrial, electric vehicles, renewable energy storage, and others.
- Consumer electronics accounted for the largest market share in 2022, as next-generation batteries enhance battery life, efficiency, and user experience across smartphones, laptops, and wearables.
- Electric vehicles are anticipated to grow at the fastest rate, driven by the need for high-performance batteries with rapid charging and extended range.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- Asia-Pacific dominated the market in 2022 due to strong manufacturing bases and investments in battery technology in countries like China, Japan, and South Korea.
- North America is expected to witness substantial growth, supported by government initiatives and high demand for electric vehicles.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2031 | USD 21.14 Billion |
| CAGR (2024-2031) | 5.7% |
| By Type | Consumer Electronics, Industrial, Electric Vehicles, Renewable Energy Storage, Others |
| By Application | Robot Navigation, Vehicle Monitoring, Machine Vision, Object Tracking, Augmented Reality and Virtual Reality, Gesture Control, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Next-Generation Batteries Industry:
- Ambri Inc.
- AM Batteries
- Contemporary Amperex Technology Co Ltd.
- GS Yuasa Corporation
- Ilika PLC
- Johnson Matthey PLC
- LG Chem Ltd.
- Mitsubishi Chemical Corporation
- Panasonic Energy Co., Ltd.
- PolyPlus Battery Co Inc.
- ProLogium Technology
- Sion Power Corporation
- TotalEnergies SE
- Amperex Technology
Recent Industry Developments :
- In June 2023, the Ministry of Electronics and Information Technology transferred recycling technology for Li-ion batteries to start-ups, promoting sustainable practices in battery production.
- In January 2022, ProLogium partnered with Mercedes-Benz to develop next-generation solid-state battery cells for electric vehicles, supporting the brand's all-electric goal by 2030.
