Market Research Future published a research report on “Next-Generation Batteries Market Research Report- Forecast 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Industry Insight
Next-generation batteries market 2020 will retain its dominance for the next decade, but the time is ripe for investment in rising COVID 19 cases all over the world, says Market Research Future in its recent study. The market would surpass its current valuation during the period (2017-2027) at a substantial growth rate, as expected.
Top Impacting Factors
Next-generation batteries such as lithium-ion are being developed, and some are currently in the marketplace, which can double the capacity of current batteries and last up to 20 years. Due to this reason, the market for next-generation batteries is touching sky heights in valuation. But, due to sudden COVID-19 outbreak impacted the global economy in several ways as the pandemic has forced the halting of the production and other operations in the industrial sector. Despite the huge loss of worldwide economy and business losses, advanced, or Next-Generation Batteries are being developed today to maintain the position of the market and making ways for future expansion as well, especially after worldwide lockdown.
Enhancement of technology has momentously encouraged the electronics & semiconductor industries to furnish longer and durable batteries for commercial use in consumer electronics and electric vehicles and the market for stationary storage. Creating an elongated durable battery is a tough task and requires a considerable investment to conduct tests combined with energy & power sectors. Next-generation batteries such as nickel-cadmium (Ni-Cd), lithium-ion (Li), lithium Sulphur (Li-S), nickel-metal hydride, solid electrodes, magnesium ion, ultra-capacitors, and metal-air have gained immense popularity. These have made the market of next-generation batteries more valuation in the current situation amid SARS-CoV-2, globally.
Top Market Players
The top players of next-generation batteries market are listed as Sion Power (U.S.), Panasonic Corporation (Japan), Hitachi (Japan), Ambri Inc. (U.S), LG Chemicals (South Korea), Fluidic Energy (U.S.), Samsung (South Korea), Phinergy (Israel), Mitsubishi Chemical (Japan), Amprius Inc. (U.S.), Lockheed Martin (U.S.), Seeo (U.S.), PolyPlus Transfection (France), and OXIS Energy (U.K).
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Segmentation of Market
The next-generation batteries market is further differentiated by type and applications.
In terms of the type segment, the next-generation batteries market has included Ni-Cd, Li-ion, lithium-sulfur, Ni-metal hydride, solid electrodes, magnesium ion, ultra-capacitors, and metal-air.
In terms of the application segment, the next-generation batteries market has included consumer electronics, automotive, aerospace & defense, transportation, oil & gas, and industrial.
Regional Outlook
Geographically, the next-generation batteries market has been studied over various vital regions, namely Asia Pacific, North America, Europe, and the Rest of the World.
North America is presumed to be a leading region in the next-generation batteries market. The U.S. and Canada are the foremost countries as attributed to the rising awareness of electric vehicles, and regulation of government policies to persuade the use of an electric vehicle is likely to compel the market over the forecast period.
The European region is likely to expand a substantial growth in the next generation batteries market. The Asia Pacific is presumed to have considerable growth in next-generation batteries over the forecast period. Countries such as India, Japan, China, and the Republic of Korea are the leading countries in the region. Mounting the need for cost-effective and efficient batteries is anticipated to compel the market over the forecast period.
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Important Features that are Under Offering & Key Highlights of the Report:
- Detailed overview of Next-Generation Batteries market
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application etc
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of Next-Generation Batteries market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Next-Generation Batteries market performance
- Market players information to sustain and enhance their footprint
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