Next Generation Batteries Market Research Report by Forecast to 2027
Pune, India -- (SBWIRE) -- 03/22/2018 -- Market Highlights:
The rise of electric vehicles in the market largely depends on the development of high-energy batteries at a competitive price. Over the last few years, due to constant research efforts have continuously improved the energy densities of batteries, still electric vehicles have only gradually made their way into the market. A combined surge in both consumer demand and industrial development is currently on the move of advancing to make an impact on the next generation batteries market.
The Next Generation Batteries Market is differentiated into type and applications. Based on the type, the next generation batteries is sub segmented into Li-ion, Ni-Cd, Ni-metal hydride, lithium sulphur, magnesium ion, solid electrodes, metal-air, and ultra-capacitors. Application based next generation batteries segment is further divided into automotive, consumer electronics, transportation, aerospace & defense, industrial, and oil & gas.
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Major Key Players:
- Hitachi (Japan)
- LG Chemicals (South Korea)
- Panasonic Corporation (Japan)
- Saft group (France)
- Samsung (South Korea)
- Sanyo (Japan)
- Mitsubishi Chemical (Japan)
- Toshiba (Japan)
- Envia Systems Inc.(U.S.)
- Uniross Batteries (South Africa)
- OXIS Energy (U.K)
- PATHION Inc. (U.S.)
- Sion Power (U.S.)
- GS Yuasa Corporation (Japan)
- Nohm Technologies (U.S.)
- PolyPlus Transfection (France)
- Lockheed Martin (U.S.)
- Pellion Technologies (U.S.)
- Seeo (U.S.)
- Solid Power Inc. (U.S.
- Amprius Inc. (U.S.)
- Phinergy (Israel)
- Fluidic Energy (U.S.),
- Ambri Inc. (U.S.)
Next Generation Batteries Market Regional Analysis:
Next generation batteries global market is expected to be dominated by North America with the largest market share due to developed semiconductor industry and also due to increase in demand in the region, and therefore accounting for a huge economy by 2027.
And this growth is driven by constant developments and technological innovations across industries, economic development in U.S. and Canada, growing infrastructure developments, and increasing foreign investment in the region. Furthermore, the technological advancements and grow demand for the same is increasing the scope of next generation battery solutions in the region.
Also the presence of key players like Lockheed Martin, Pellion Technologies, Seeo, Solid Power Inc. and Amprius Inc. among others is one major factor fuelling the market growth. Next generation batteries market in Asia-Pacific market is expected to grow at a substantial CAGR during 2017 to 2023 due to technological advancements and growing demand for cost effective and efficient batteries in the region. The European market for next generation batteries market is expected to grow at a considerable CAGR (2017-2023) and has occupied the second biggest market share of the next generation batteries.
Industry/ Innovation/ Related News:
December, 2017 – Panasonic hints at 'Beyond Lithium' technology for EV battery improvements. Panasonic is also a battery supplier for Tesla and is taking a hard look at solid state technology.
September, 2017 – LG Chemicals will introduce NCM 811 battery cells for EVs in the upcoming year.
December, 2017 – Toshiba Develops Next-Generation Lithium-ion Battery with New Anode Material. The new anode material named titanium niobium oxide achieves double the capacity of the anode of current lithium-ion batteries whereas the new battery realizes driving range of electric vehicles boosted to 320km on 6-minute, ultra-rapid recharge, triple than that possible with current lithium-ion battery.
Global Next Generation Batteries Market Competitive Analysis:
The market of next generation batteries appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
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Next Generation Batteries Market Segmentation:
The global next generation batteries market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type: Comprises Li-ion battery, Ni-Cd battery and Ni-metal hydride battery among others.
Segmentation by Application: Comprises Automotive, Transportation, Aerospace & defence, industrial, Oil & gas, among others.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
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