Global Next-generation Battery Market for Transportation Industry 2018-2022
About Next-generation Battery for Transportation Industry
Next-generation batteries provide high energy density and longer lifecycle for applications such as drones, electric vehicles (EVs), energy storage systems, electrical grid, and renewable energy. In transportation applications, they are majorly utilized because of parameters such as discharge hours and long lifecycle, which increase the use of these batteries for next-generation vehicles.Technavio’s analysts forecast the global next-generation battery market for transportation industry to grow at a CAGR of 80.12% during the period 2018-2022.Covered in this report The report covers the present scenario and the growth prospects of the global next-generation battery market for transportation industry for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Next-generation Battery Market for Transportation Industry 2018-2022
Technavio recognizes the following companies as the key players in the global next-generation battery market for transportation industry: OXIS Energy, PolyPlus, Sakti3, Seeo, Sion Power, and The Furukawa Battery.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in nanotechnology next-generation battery market. The growing nanotechnology next-generation battery market will drive the growth of the next-generation battery market for transportation industry. Nanotechnology-enabled batteries are still gaining popularity in the market.”
According to the report, one driver in the market is need for improved drone flying time. To ensure longer runtime and provide optimum performance, drone manufacturers are focusing on new battery technologies that can maintain a balance between weight, performance, and energy consumption.
Further, the report states that one challenge in the market is lead pollution and stringent laws. The demand for lead-acid batteries has increased due to the growth of the automotive and other industrial sectors and rise in the battery energy storage applications for HEVs and renewable power generation.
Thermo Fisher Scientific
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