The report highlights the increasing adoption of next-generation batteries owing to the growing demand to offer higher energy storage capacity per unit of volume to electric vehicles, allowing EVs to travel farther on a single charge. Consegic Business Intelligence provides an inclusive research report on the next-generation batteries market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Consegic Business Intelligence provides an inclusive research report on the next-generation batteries market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. The electric vehicle segment is anticipated to register the fastest CAGR in the next-generation batteries during the forecast period. The growth is credited to the ability of next-generation batteries to offer higher energy storage capacity per unit of weight, allowing EVs to travel farther on a single charge. Additionally, the emergence of all-solid-state batteries allows improved tolerance of high temperature and voltage, resulting in increased power output, shorter charging times, and a longer range of electric vehicles. Consequently, the above-mentioned factors are collectively responsible in driving the growth of the next-generation batteries market.Get Free Sample
|Report Attributes||Report Details|
|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, and Others|
|By Application||Consumer Electronics, Industrial, Electric Vehicles, Renewable Energy Storage, and Others|
|By Region||North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa|
The landscape for next-generation batteries market is highly competitive with major players AM Batteries, Ambri Inc., Contemporary Amperex Technology Co Ltd, and GS Yuasa Corporation that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the next-generation batteries are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.