Next-Generation Advanced Batteries Market huge growth Opportunity by Trend 2019-2024: OXIS Energy, PATHION, Sion Power, GS Yuasa and More...
Despite the progress made to date by commercially available lithium ion (Li-ion), advanced lead-acid, flow, and molten salt batteries, the path toward the commercialization of new battery chemistries continues. The next-generation advanced battery chemistries at laboratory-scale research or pilot-scale production levels today include lithium sulfur (Li-S), lithium solid-state (Li-SS), next-generation flow, and metal-air. Their advent is occurring alongside an enormous growth in the world’s appetite for advanced energy storage devices. Increasingly, this will include electric vehicles, energy storage and consumer electronics.
Some of the leading Companies incorporated in this Research are OXIS Energy, PATHION, Sion Power, GS Yuasa, Nohm Technologies, PolyPlus, Lockheed Martin, Pellion Technologies, Seeo, Solid Power, Amprius, 24M, Phinergy, Fluidic Energy, Maxwell, Ambri, ESS.
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Batteries are advancing on two fronts, reflecting in increased specific energy for longer runtimes and improved specific power for high-current load requirements. Improving one characteristic of a battery may not automatically strengthen the other and there is often a compromise.
According to this study, over the next five years the Next-Generation Advanced Batteries market will register a 85.0% CAGR in terms of revenue, the global market size will reach US$ 1490 million by 2024, from US$ 37 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Next-Generation Advanced Batteries business, shared in Chapter 3.
Segmentation by product type:
Segmentation by application:
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