United States Next-Generation Advanced Batteries Industry to hit US$3.41 billion by 2032 | Leading Companies 2025 - PolyPlus Battery Co. Inc., Ilika PLC, Sion Power Corporation, LG Chem Ltd, Saft Groupe SA

DataM Intelligence has published a new research report on "Next-Generation Advanced Batteries Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

Metal-Air Battery segment of the Next Generation Advanced Batteries Market saw slight growth, with its valuation increasing from $0.54 billion in 2022 to $0.55 billion in 2023.

Next Generation Advanced Batteries Market in Asia-Pacific saw a minor decline, with its valuation dropping from $0.61 billion in 2022 to $0.55 billion in 2023.

A notable example of this trend is the 2023 partnership between Honeywell and FREYR Battery SA, in which Honeywell committed to procuring 19 GWh of battery cells by 2030.

The price of lithium carbonate surged from US$5,180 per metric ton in 2010 to US$17,000 per metric ton.

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Key Players:

Pathion Holding Inc., GS Yuasa Corporation, Johnson Matthey PLC, PolyPlus Battery Co. Inc., Ilika PLC, Sion Power Corporation, LG Chem Ltd, Saft Groupe SA, BYD Company Ltd.

Key Development:

In August 2024, BYD unveiled its second-generation blade battery technology, featuring an energy density of 190 Wh/kg. Designed for electric vehicles, this battery is expected to gradually replace LFP batteries in the near future.

Growth Forecast Projected:

The Global Next-Generation Advanced Batteries Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Next-Generation Advanced Batteries Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Technology: (Solid Electrolyte Battery, Magnesium Ion Battery, Next-generation Flow Battery, Metal-Air Battery, Lithium-Sulfur Battery, Other )

By Application: (Portable Devices, Electric Vehicles (EVs), Renewable Energy Storage, Military & Defense, Aerospace, Others )

By End-User: (Consumer Electronics, Transportation, Industrial Energy Storage, Other )

Regional Analysis for Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Next-Generation Advanced Batteries producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Next-Generation Advanced Batteries revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: What is the current size of the Next-Generation Advanced Batteries Market?

A: The Next-Generation Advanced Batteries Market stood at US$1.95 billion in 2024 and is set to experience remarkable growth, reaching US$3.41 billion by 2032

Q2: How fast is the Next-Generation Advanced Batteries Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 7.24% from 2025 to 2032

Q3: Which regions are dominating the Next-Generation Advanced Batteries Market and which are fastest-growing?

A: Asia-Pacific's dominating the Next-Generation Advanced Batteries market.

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