Product Code: GVR-4-68040-462-7
Next Generation Batteries Market Trends:
The global next generation batteries market size was estimated at USD 1.76 billion in 2023 and is expected to grow at a CAGR of 8.4% from 2024 to 2030. The global next-generation batteries market is growing steadily, driven by the increasing demand for advanced energy storage solutions, particularly for electric vehicles (EVs) and renewable energy sectors. As industries and governments around the world focus on transitioning to cleaner energy sources, the need for innovative battery technologies has become more pronounced. Next-generation batteries, such as solid-state, lithium-sulfur, and sodium-ion batteries, offer improved energy density, enhanced safety features, and better performance over traditional lithium-ion batteries.
The market is expected to see considerable expansion in the coming years due to ongoing technological advancements and rising investments in research and development. Electric vehicles continue to drive much of the demand for high-performance batteries, while the growing renewable energy sector further accelerates the need for efficient energy storage solutions. Additionally, major global regions such as Asia Pacific, North America, and Europe are investing significantly in battery infrastructure and manufacturing, contributing to the market's overall growth trajectory.
As industries increasingly prioritize sustainability and energy efficiency, the next-generation batteries market is positioned for significant growth. Companies are developing cutting-edge technologies to meet the rising demand for cleaner, more efficient energy storage solutions, while governments around the world are introducing policies and incentives to promote the use of advanced batteries. This market growth reflects a larger trend toward adopting energy-efficient technologies and reducing reliance on conventional energy storage methods.
Global Next Generation Batteries Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global next generation batteries market report based on the technology, application, and region:
- Technology Outlook (Revenue, USD Million, 2018 - 2030)
- Lithium-Sulfur Batteries
- Solid-State Batteries
- Lithium-air batteries
- Flow Batteries
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Electric Vehicles (EVs)
- Consumer Electronics
- Energy Storage Systems (ESS)
- Aerospace and Defense
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central & South America
- Middle East & Africa
- Saudi Arabia
- South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Materials & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2023
- 2.2. Segmental Outlook
- 2.2.1. Technology Outlook
- 2.2.2. Application Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Next Generation Batteries Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Manufacturing Trends
- 3.2.3. Profit Margin Analysis
- 3.2.4. Sales Channel Analysis
- 3.3. Technology Overview/ Timeline
- 3.4. Regulatory Framework
- 3.4.1. Standard & Compliance
- 3.4.2. Safety
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Business Environment Analysis
- 3.6.1. Industry Analysis - Porter's
- 3.6.1.1. Supplier Power
- 3.6.1.2. Buyer Power
- 3.6.1.3. Substitution Threat
- 3.6.1.4. Threat from New Entrant
- 3.6.1.5. Competitive Rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political Landscape
- 3.6.2.2. Environmental Landscape
- 3.6.2.3. Social Landscape
- 3.6.2.4. Technology Landscape
- 3.6.2.5. Economic Landscape
- 3.6.2.6. Legal Landscape
- 3.7. Impact of Environmental, Social, and Governance (ESG) initiatives on the Next Generation Batteries Market
- 3.7.1. Market Differentiation
- 3.7.2. Regulatory Compliance
- 3.7.3. Industry Collaboration
- 3.7.4. Enhanced Brand Value
- 3.7.5. Addressing Consumer Demands
Chapter 4. Next Generation Batteries Market: Technology Estimates & Trend Analysis
- 4.1. Technology Movement Analysis & Market Share, 2023 & 2030
- 4.2. Lithium-Sulfur Batteries
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.3. Solid-State Batteries
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.4. Lithium-air Batteries
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.5. Flow Batteries
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Next Generation Batteries Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.2. Electric Vehicles (EVs)
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.3. Consumer Electronics
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.4. Energy Storage Systems (ESS)
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5. Aerospace and Defense
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Next Generation Batteries Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Movement Analysis & Market Share, 2023 & 2030
- 6.3. North America
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.4. U.S.
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.4.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.5. Canada
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.5.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.3.6. Mexico
- 6.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.3.6.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4. Europe
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.4. Germany
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.4.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.4.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.5. UK
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.5.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.4.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.6. France
- 6.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.6.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.4.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.7. Italy
- 6.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.7.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.4.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.4.8. Spain
- 6.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4.8.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.4.8.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5.4. China
- 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.4.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.5.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5.5. India
- 6.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.5.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.5.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5.6. Japan
- 6.5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.6.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.5.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.5.7. South Korea
- 6.5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.5.7.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.5.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6. Central & South America
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6.4. Brazil
- 6.6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.4.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.6.5. Argentina
- 6.6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.6.5.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.7.4. Saudi Arabia
- 6.7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7.4.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.7.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
- 6.7.5. South Africa
- 6.7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.7.5.2. Market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
- 6.7.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Key Global Players & Recent Developments & Their Impact On the Industry
- 7.2. Key Company/Competition Categorization (Key innovators, Market leaders, emerging players)
- 7.3. List of key Raw Material Distributors and Channel Partners
- 7.4. List of Potential Customers, by Application
- 7.5. Company Market Share & Position Analysis, 2023
- 7.6. Company Heat Map Analysis
- 7.7. Strategy Mapping
- 7.7.1. Expansion
- 7.7.2. Collaboration/ Partnerships/ Agreements
- 7.7.3. New Material launches
- 7.7.4. Mergers & Acquisitions
- 7.7.5. Research & Development
- 7.7.6. Others
Chapter 8. Company Listing / Profiles
- 8.1. LG Chemicals
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.2. Phinergy
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.3. Amprius Inc.
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.4. Mitsubishi Chemical
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.5. Seeo
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.6. Panasonic Corporation
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.7. Sion Power
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.8. Envia Systems Inc.
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.9. Ambri Inc.
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.10. Hitachi
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
Chapter 9. Strategic Recommendations/ Analyst Perspective