NEW YORK, Jan. 20, 2022 /PRNewswire/ -- The next-generation batteries market share growth by the LI-ion segment has been significant for revenue generation. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2022-2026 and embrace technologies to improve business efficiency.
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Key Next-Generation Batteries Market Report Highlights:
Market growth 2021-2026: USD 70.25 billion
Growth momentum & CAGR: Accelerate at a CAGR of 40.60%
YoY growth rate: 36.53%
Performing market contribution: APAC at 50%
Key consumer countries: APAC, Europe, North America, South America, and MEA
The next-generation batteries market covers the following areas: Scope
Regional Market Analysis
With 50% of the growth originating from APAC, this region will record a fast growth rate during the forecast period. China and Japan are the key markets for the next-generation batteries market in APAC. Growing demand for consumer electronics will facilitate the next-generation batteries market growth in APAC over the forecast period.
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Key Vendors and Vendor Strategies
ACON S2 Acquisition Corp., Amprius Technologies, GS Yuasa Corp., ISKRA d.o.o, Lenovo Group Ltd., OXIS Energy Ltd., Panasonic Corp., Samsung SDI Co. Ltd., The Swatch Group Ltd., and ZAF Energy Systems INC are a few of the key vendors.
The vendors in the market are constantly focusing on broadening their product portfolio through expanding their product offerings. Additionally, vendors are focusing on expanding their presence in new regions.
Few vendors with key offerings:
ACON S2 Acquisition Corp. - The company offers next-generation batteries such as Iron flow battery solution which is durable, scalable, cleaner, safer, and more enhanced.
Amprius Technologies - The company offers next-generation batteries such as silicon nanowire batteries which have improved battery performance and can store up to 10 times more lithium compared to graphite.
GS Yuasa Corp. - The company offers next-generation batteries such as Traction Batteries and Chargers, Automotive and Motorcycle Batteries, Lithium-ion Batteries for Satellites, Aircraft, and Deep Sea Vessels, and many more.
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Key Market Driver& Challenge
Our analysts have extensively outlined the information on the key market drivers & challenges and their impact on the Key Next-Generation Batteries Market.
The growing adoption of EVs in the automotive industry is notably driving the next generation batteries market growth, However, the factors such as safety concerns associated with batteries may impede the market growth. The holistic analysis of the drivers & challenges will help in predicting end goals and refining marketing strategies to gain a competitive edge. The next-generation batteries market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
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Related Reports -
Automotive Batteries Market -The automotive batteries market has the potential to grow by 26.55 million units during 2021-2025, and the market's growth momentum will decelerate at a CAGR of 4.22%. Download a free sample now!
Solid Oxide Fuel Cells Market -The solid oxide fuel cells (SOFC) market share is expected to increase by 131.32 MW from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of 19.16%. Download a free sample now!
Next-Generation Batteries Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 40.60%
Market growth 2022-2026
USD 70.25 billion
YoY growth (%)
APAC, Europe, North America, South America, and MEA
Performing market contribution
APAC at 50%
Key consumer countries
China, US, Norway, Germany, and Japan
Leading companies, competitive strategies, consumer engagement scope
ACON S2 Acquisition Corp., Amprius Technologies, GS Yuasa Corp., ISKRA d.o.o, Lenovo Group Ltd., OXIS Energy Ltd., Panasonic Corp., Samsung SDI Co. Ltd., The Swatch Group Ltd., and ZAF Energy Systems INC
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
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