Global Next Generation Lithium Batteries Market 2024-2028
The next generation lithium batteries market is forecasted to grow by USD 72 bn during 2023-2028, accelerating at a CAGR of 18.77% during the forecast period. The report on the next generation lithium batteries market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in strategic partnership among market vendors, rise in adoption of evs among consumers, and increase in government initiatives toward next generation lithium batteries.
Technavio's next generation lithium batteries market is segmented as below:
- By Application
- Automotive
- Consumer electronics
- Energy storage systems
- Aerospace and defense
- Others
- By Type
- Advanced lithium-ion batteries
- Lithium-sulfur batteries
- Lithium-air batteries
- By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increase in research and development efforts toward creating more advanced battery chemistries as one of the prime reasons driving the next generation lithium batteries market growth during the next few years. Also, rise in popularity of grid-scale energy storage and rise in focus on battery recycling initiatives will lead to sizable demand in the market.
The report on the next generation lithium batteries market covers the following areas:
- Next generation lithium batteries market sizing
- Next generation lithium batteries market forecast
- Next generation lithium batteries market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading next generation lithium batteries market vendors that include Amprius Technologies Inc., Aquion Energy, Bollore SE, BYD Co. Ltd., Contemporary Amperex Technology Co. Ltd., Enevate Corp., Enovix Corp., Farasis Energy GanZhou Co. Ltd, GS Yuasa International Ltd., Ilika, Johnson Controls International Plc., Johnson Matthey Plc, LG Corp., Lohum Cleantech Pvt. Ltd., Lyten Inc., Northvolt AB, Panasonic Holdings Corp., ProLogium Technology Co. Ltd., Rimac Group Ltd., Samsung SDI Co. Ltd., Solid Power Inc., StoreDot., and Sunwoda Electronic Co. Ltd.. Also, the next generation lithium batteries market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.