Next Generation Batteries Market Scenario:
The rise of electric vehicles in the market largely depends on the development of high-energy batteries at a competitive price. Over the last few years, due to constant research efforts have continuously improved the energy densities of batteries, still electric vehicles have only gradually made their way into the market. A combined surge in both consumer demand and industrial development is currently on the move of advancing to make an impact on the next generation batteries market.
The Next Generation Batteries Market is differentiated into type and applications. Based on the type, the next generation batteries is sub segmented into Li-ion, Ni-Cd, Ni-metal hydride, lithium sulphur, magnesium ion, solid electrodes, metal-air, and ultra-capacitors. Application based next generation batteries segment is further divided into automotive, consumer electronics, transportation, aerospace & defense, industrial, and oil & gas.
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Major Key Players:
The top players of Next Generation Batteries market include Panasonic Corporation (Japan), Sion Power (U.S.), Envia Systems Inc. (U.S.), Ambri Inc. (U.S), Hitachi (Japan), Fluidic Energy (U.S.), LG Chemicals (South Korea), Phinergy (Israel), Samsung (South Korea), Saft group (France), Amprius Inc. (U.S.), Mitsubishi Chemical (Japan), Seeo (U.S.), Lockheed Martin (U.S.), Uniross Batteries (South Africa), PolyPlus Transfection (France), and OXIS Energy (U.K).
The Next Generation Batteries is differentiated by type and applications.
Based on the type the next generation batteries is sub segmented into Li-ion, Ni-Cd, Ni-metal hydride, lithium sulfur, magnesium ion, solid electrodes, metal-air, and ultra-capacitors.
On the basis of application next generation batteries segment is further divided into automotive, consumer electronics, transportation, aerospace & defense, industrial, oil & gas, among others.
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Geographically, the next generation batteries are categorized into four different regions such as North America, Asia Pacific, Europe and Rest of the World.
North America is expected to be a prominent region in the next generation batteries market over forecast period. The U. S and Canada are the leading countries in this region. This is attributed to the surging adoption of IoT technologies and devices which require long durable batteries. Also, increasing awareness of electric vehicle is propelling the demand of next generation batteries which are anticipated to drive the market over the forecast period.
Asia Pacific is expected to be the fastest growing region owing to, rise in the number of smartphone users. China, Japan, India, and Republic of Korea are the leading countries in the region. However, rapid increase in the number of electronic component manufacturers is expected to propel next generation batteries market over the review period 2017-2027.
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