The study methodologies used to examine the Next Generation Batteries market for the forecast period, 2020 - 2027 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.
Vancouver, BC -- (SBWIRE) -- 02/25/2021 -- The global next generation batteries market is expected to reach a market size of USD 20.84 Billion at a steady CAGR of 5.6% in 2027, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to increasing investment by OEMs such as BMW Group, Volkswagen, and Daimler for production of more efficient and cost-effective batteries. Increasing research and development activities for production of advanced next generation batteries with better fire resistance, longer life span, and quicker charge rate are key factors expected to drive growth of the global next generation batteries market. Major manufacturers of next generation batteries are investing significantly in development of high-power and safe battery technologies using 3-dimensional structures with high-density solid electrolytes and electrodes.
The investigative approach applied for the extensive analysis of the sale, gross margin and profit generated by the industry are presented through resources including tables, charts, and graphic images. Importantly, these resources can be easily integrated or used for preparing business or corporate presentations.
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Key Highlights of Report
In August 2020, Panasonic announced investment of an additional USD 100 million in a battery producing factory in Nevada, US. This expansion is expected to drive battery supply to automaker, Tesla, for the production of its electric vehicles.
The consumer electronics segment accounted for largest market share of 42.9% in 2019. Rising purchasing power of consumers in developing economies has resulted in increased demand for electronic devices, which is further driving demand for advanced next generation batteries in the consumer electronics sector.
The lithium sulphur segment revenue is expected to expand at rapid CAGR of 8.2% during the forecast period. Lithium sulphur batteries are being increasingly adopted in the manufacture of automotive and consumer electronics products owing to longer life span, and being more environmentally sustainable to produce in comparison to lithium-ion batteries.
North America accounted for largest revenue share contribution to the global next generation batteries market in 2019. Increasing adoption of electric vehicles and electronic gadgets continues to drive demand for more efficient and cost-effective next generation advanced batteries in countries in the region.
Key players in the market include Sion Power Corporation, Panasonic Corporation, Hitachi, Ambri Inc., NantEnergy Corporation, Phinergy, LG Chemicals, Samsung, Mitsubishi Chemical and Amprius Inc.
The global Next Generation Batteries market has been categorized based on the product type, application, and region. Our expert analysts undertake a thorough assessment of all of the segments included in the report and analyze them based on their market share, revenue, market growth rate, and other vital factors. The segmentation allows the interested parties to determine sectors in the global Next Generation Batteries market with high growth prospects and understand the growth strategies adopted by leading segments during the forecast period.
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End-use Outlook (Revenue, USD Billion; 2020–2027)
Type Outlook (Revenue, USD Billion; 2020–2027)
Nickel metal hydride
Regional scope- North America; Europe; Asia Pacific; Central & South America; MEA
Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market's growth?
Data triangulation and market breakdown
Research assumptions Research data including primary and secondary data
Primary data includes breakdown of primaries and key industry insights
Secondary data includes key data from secondary sources
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Assisted Reproductive Technology Market Segmentation & Impact Analysis
4.1. Assisted Reproductive Technology Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
220.127.116.11. Growing prevalence of ovulation problem
18.104.22.168. Growing awareness and social adoption of assisted reproductive technology
22.214.171.124. Surge in infertility rate
126.96.36.199. Rising number of single women
4.2.3. Market restraints analysis
188.8.131.52. Stringent regulatory norms
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Assisted Reproductive Technology Market By Procedure Insights & Trends, Revenue (USD Million)
Chapter 6. Assisted Reproductive Technology Market By Technology Insights & Trends Revenue (USD Million)
Chapter 7. Assisted Reproductive Technology Market By End-Users Insights & Trends Revenue (USD Million)