Next Generation Advanced Batteries

Global Next Generation Advanced Batteries Market to Reach US$18.1 Billion by 2030

The global market for Next Generation Advanced Batteries estimated at US$1.1 Billion in the year 2024, is expected to reach US$18.1 Billion by 2030, growing at a CAGR of 60.1% over the analysis period 2024-2030. Lithium Sulfur, one of the segments analyzed in the report, is expected to record a 62.6% CAGR and reach US$7.5 Billion by the end of the analysis period. Growth in the Magnesium Ion segment is estimated at 60.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$349.4 Million While China is Forecast to Grow at 69.6% CAGR

The Next Generation Advanced Batteries market in the U.S. is estimated at US$349.4 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 69.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 49.4% and 55.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 55.3% CAGR.

Global Next Generation Advanced Batteries Market - Key Trends & Drivers Summarized

Next-generation advanced batteries represent a significant leap forward in energy storage technology, offering improved performance, higher energy density, and enhanced safety features compared to traditional lithium-ion batteries. These batteries are being developed using a variety of innovative materials and chemistries, such as solid-state electrolytes, lithium-sulfur, and lithium-air technologies. Solid-state batteries, for instance, replace the liquid or gel electrolytes found in conventional batteries with solid materials, which can significantly reduce the risk of leaks and fires while enabling higher energy storage capacities. Lithium-sulfur batteries promise higher energy densities and lower costs by utilizing abundant and lightweight sulfur as a key component. These advancements are paving the way for batteries that can store more energy, charge faster, and last longer, addressing the limitations of current battery technologies.

The development of next-generation advanced batteries is being driven by the increasing demand for efficient and reliable energy storage solutions across various industries. In the automotive sector, the push towards electric vehicles (EVs) has accelerated the need for batteries that offer longer driving ranges, shorter charging times, and improved overall performance. Similarly, the renewable energy sector requires advanced batteries to store energy generated from intermittent sources like solar and wind, ensuring a stable and continuous power supply. Consumer electronics, too, benefit from more compact and efficient batteries, enhancing the portability and functionality of devices such as smartphones, laptops, and wearables. Research and development in advanced battery technologies are also focusing on improving the sustainability and environmental impact of batteries, seeking alternatives to scarce and harmful materials used in traditional batteries.

The growth in the next-generation advanced batteries market is driven by several factors. The increasing adoption of electric vehicles, driven by environmental concerns and government policies promoting cleaner transportation options, is a major driver. Advances in renewable energy generation and the need for efficient energy storage solutions to support these technologies are also significant factors. The need for batteries that can be recharged quickly is growing at an unprecedented rate leading to the development and production of highly advanced batteries that are inevitable for the efficient functioning of smart homes, smart wearables, smartphones, which also reflects the extensive penetration of internet. At the same time, the availability of higher efficiency, higher capacity and higher durability next-generation grid-scale storage batteries is pushing demand for their application in consumer electronics and automotive industries. Advancements in battery materials and manufacturing processes are reducing costs and improving performance and safety of advanced batteries, thus making them more attractive for a wide range of industries. Additionally, substantial investments in research and development by both public and private sectors are accelerating the pace of innovation and commercialization of next-generation batteries. The growing consumer demand for more powerful and longer-lasting electronic devices further fuels the market. These factors, combined with the global shift towards sustainable and renewable energy solutions, are propelling the expansion of the next-generation advanced batteries market, ensuring its critical role in the future of energy storage and management.

SCOPE OF STUDY:

The report analyzes the Next Generation Advanced Batteries market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (Lithium Sulfur, Magnesium Ion, Solid Electrodes, Metal-Air, Other Product Types); Application (Consumer Electronics, Transportation, Industrial, Energy Storage, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Select Competitors (Total 62 Featured) -

• Hitachi Ltd.
• Energizer Holdings, Inc.
• GS Yuasa International Ltd.
• AllCell Technologies LLC
• High Tech Battery Solutions Inc.
• 24M Technologies, Inc.
• Ambri, Inc.
• Hitachi High-Tech Corporation
• Amprius Technologies
• Excellatron Solid State, LLC
• FastCAP Ultracapacitors
• Ayata IQ
• Effenco
• First Graphene Limited
• CapTop s.r.l.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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