Market Overview

The Global Next Generation Advanced Battery Market was valued at USD 1,757.0 million in 2023 and is expected to reach USD 3,073.5 million by 2031 while growing at a CAGR of 7.2% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global next generation advanced battery market growth. Next Generation Advanced Batteries, surpassing traditional technologies, offer enhanced performance, energy density, safety, and sustainability. Developed to meet increasing demands, they find applications in electric vehicles (EVs), renewable energy storage, consumer electronics, and industrial use.

Increasing adoption of electric vehicles, renewable energy integration due to population growth, urbanization, and industrialization, and advancements in nuclear technologies drive the growth of the next generation advanced battery market. However, obstacles such as high initial capital costs and supply chain vulnerabilities may hinder market expansion.

Furthermore, the global next generation advanced battery industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Technology Analysis

The Global Next Generation Advanced Battery Market is segmented among Solid Electrolyte Battery, Magnesium Ion Battery, Next-generation Flow Battery, Metal-Air Battery, Lithium-Sulfur Battery, and Other Technologies, based on Technology. In 2023, Lithium-Sulfur Battery accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End User Analysis

The Global Next Generation Advanced Battery Market is segmented among Consumer Electronics, Transportation, Industrial, Energy Storage, and Other End Users, based on End User. In 2023, Transportation accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Next Generation Advanced Battery Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Pathion Holding Inc., GS Yuasa Corporation, Johnson Matthey PLC, PolyPlus Battery Co. Inc., Ilika PLC, Sion Power Corporation, LG Chem Ltd, Saft Groupe SA, and Contemporary Amperex Technology Co. Ltd.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Next Generation Advanced Battery Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Next Generation Advanced Battery Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Next Generation Advanced Battery Market Segmentation, By Technology

• Global Next Generation Advanced Battery Market Share Analysis, By Technology  

• Global Next Generation Advanced Battery Market Growth Analysis, By Technology  

• Global Next Generation Advanced Battery Market Trends, By Technology

o Solid Electrolyte Battery

o Magnesium Ion Battery

o Next-generation Flow Battery

o Metal-Air Battery

o Lithium-Sulfur Battery

o Other Technologies

6. Global Next Generation Advanced Battery Market Segmentation, By End User

• Global Next Generation Advanced Battery Market Share Analysis, By End User  

• Global Next Generation Advanced Battery Market Growth Analysis, By End User

• Global Next Generation Advanced Battery Market Trends, By End User

o Consumer Electronics

o Transportation

o Industrial

o Energy Storage

o Other End Users

7. Global Next Generation Advanced Battery Market Segmentation, By Region

• Global Next Generation Advanced Battery Market Share Analysis, By Region

• Global Next Generation Advanced Battery Market Growth Analysis, By Region

• Global Next Generation Advanced Battery Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Pathion Holding Inc.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• GS Yuasa Corporation

• Johnson Matthey PLC

• PolyPlus Battery Co. Inc.

• Ilika PLC

• Sion Power Corporation

• LG Chem Ltd

• Saft Groupe SA

• Contemporary Amperex Technology Co. Ltd

 *Similar analysis will be provided for each company listed above.