This report analyzes the global and regional markets for the next-generation advanced battery. In the battery type segment, solid-state batteries, lithium-sulfur batteries, next-generation flow batteries, metal-air batteries and others (magnesium ion batteries, sodium-sulfur batteries, sodium-ion batteries) are considered. We have omitted lithium-ion batteries, as well as any battery related to lithium-ion, from the scope.
Market data in this report quantifies opportunities for manufacturers of next-generation advanced batteries. In addition to identifying various battery types and applications, it also covers the many issues concerning the merits and prospects for the next-generation advanced battery. This includes corporate strategies, emerging technologies and the means for providing low-cost, high-technology products. The report also covers many economic and technological issues critical to the industry’s current state.
The report has been prepared in a simple, easy-to-understand format; and tables and figures are included to illustrate historical, current and future market scenarios. The report also covers leading companies with information on the next-generation advanced battery, business footprints, revenues and employee strength, among other factors. The report also includes a list of other companies in the global market along with their product-related information.
This report has considered the impacts of COVID-19 and the Russia-Ukraine war on the global and regional markets. For purposes of this report, 2021 is considered a historical year, 2022 is the base year, and the market values are forecasted for five years from 2022 to 2027.
Report Includes
- 16 data tables and 36 additional tables
- A comprehensive overview of the global and regional markets for the next-generation advanced battery technologies
- Analyses of the global market trends with market revenue (sales figures) for 2021, estimates for 2022, forecasts for 2023, and projections of compound annual growth rates (CAGRs) through 2027
- Estimation of the actual market size for the global next-generation advanced battery technologies market both in value and volumetric terms, revenue forecast, and corresponding market share analysis based on the battery type, end use, and region
- Discussion of the major market drivers and opportunities in next-generation advanced battery, key shifts and regulations, industry specific challenges, and other region-specific macroeconomic factors that will shape this market demand in the coming years (2022-2027)
- Highlights of the recent advances made in next-generation advanced battery manufacturing and recycling, their commercial applications, industry structure, and a global supply chain analysis providing systematic study of all key intermediaries involved
- Coverage of the technological, economic, and business considerations of the global next-generation advanced battery technologies market through 2027
- Insight into the company competitive landscape and market share analysis of the major companies operating in the industry, and coverage of their proprietary technologies, strategic alliances, and other market strategic advantages
- Company profiles of major players within the industry, including Sion Power Corp., Contemporary Amperex Technology Co. Ltd., PolyPlus Battery Co., GS Yuasa Corp., and Sion Power Corp.
Table of Contents
Chapter 1 Introduction
1.1 Study Goals and Objectives
1.2 Reasons for Doing this Study
1.3 Scope of Report
1.4 Information Sources
1.4.1 Secondary Sources:
1.4.2 Primary Sources:
1.5 Intended Audience
1.6 Methodology
1.7 Geographic Breakdown
1.8 Analyst's Credentials
1.9 Custom Research
1.10 Related Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
3.1 Introduction
3.2 Technological Background and Advancements
3.2.1 Battery Technology History
3.2.2 Evolution of the Battery
3.3 Value Chain Analysis
3.3.1 Raw and Processed Materials
3.3.2 Cell Component Manufacturing
3.3.3 Cell Manufacturing
3.3.4 Battery Pack Manufacturing
3.3.5 End Uses
3.3.6 Recycling
3.4 Porter's Five Forces Model
3.4.1 Supplier Power
3.4.2 Buyer Power
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute
3.4.5 Competitive Rivalry
3.5 Impact of Covid-19 and Ukraine-Russia War on the Global Market
3.5.1 Covid-19 Impact
3.5.2 Impact of Russia-Ukraine War
Chapter 4 Market Dynamics
4.1 Overview
4.2 Key Market Drivers
4.2.1 Growing Demand for Electric Vehicles Globally
4.2.2 Tax Incentives and Regulatory Assistance for Plug-In Hybrid Electric Vehicles
4.2.3 Increasing Interest Concerning Exhausting Valuable and Rare Earth Metals
4.2.4 Demand for Consumer Electronics is Growing
4.2.5 Outline of the Prototype of Battery-As-A-Service (Baas)
4.3 Market Restraints
4.3.1 High Capital Cost for Electric Vehicles Compared to the Conventional Ice Vehicles
4.3.2 Difficulty of Solid-State State Battery Production
4.4 Key Challenges for Next-Generation Advanced Battery Market
4.4.1 Lithium is Less Readily Available for Use in Electric Vehicles Batteries
4.4.2 Manufacturing a Solid-State Battery is Costly
4.4.3 High Expense of Lithium Extraction from Used Lithium-Ion Batteries Recycling
4.4.4 Battery and Related Component Supply Chain Disruptions Brought on by Covid-19
4.5 Market Opportunities
4.5.1 Strict Emission Regulations Creating a Market for Electric Vehicle Sales
4.5.2 Government Efforts Relating to Electric Vehicles
4.5.3 Increasing Investments in Battery Recycling Sector
4.5.4 Growing Partnerships and Investments Between Automobile Manufacturers and Solid-State Battery Companies
4.6 Short-Term and Long-Term Impact of Market Dynamics
Chapter 5 Market Breakdown by Battery Type
5.1 Overview
5.2 Solid State Battery
5.2.1 Advantages of Solid-State Batteries
5.2.2 the Structure of a Solid-State Battery
5.2.3 Commercial Uses for Solid-State Batteries
5.3 Lithium-Sulfur Battery
5.3.1 Advantages of Li-S
5.3.2 Li-S Batteries for Commercial Applications
5.4 Next-Generation Flow Batteries
5.4.1 Working of Flow Battery
5.5 Metal-Air Battery
5.5.1 Aluminum-Air Batteries
5.5.2 Zinc-Air Batteries
5.5.3 Hybrid Zinc-Air/Manganese-Dioxide Batteries
5.5.4 Iron-Air Batteries
5.5.5 Lithium-Air Batteries
5.5.6 Magnesium-Air Batteries
5.5.7 Metal-Air Battery Market Trends
5.6 Others
5.6.1 Sodium-Ion Battery
5.6.2 Sodium-Sulfur Battery
5.6.3 Sodium-Metal Chloride Batteries
5.6.4 Silver-Zinc Batteries
5.6.5 Silver-Cadmium Batteries
5.6.6 Magnesium-Ion Battery
Chapter 6 Market Breakdown by End Use
6.1 Overview
6.2 Consumer Electronics
6.3 Electrical Vehicles
6.4 Energy Storage
6.5 Others
6.5.1 Aerospace
6.5.2 Healthcare
6.5.3 Marine
Chapter 7 Market Breakdown by Region
7.1 Overview
7.2 North America
7.2.1 Canada
7.2.2 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 France
7.3.3 Italy
7.3.4 U.K.
7.3.5 Rest of Europe
7.4 Asia-Pacific
7.4.1 China
7.4.2 Japan
7.4.3 South Korea
7.4.4 Rest of Asia-Pacific
7.5 Rest of the World
7.5.1 South America
7.5.2 Middle East and Africa
Chapter 8 Patent Analysis
8.1 Overview
8.2 Key Patents
Chapter 9 Competitive Landscape
9.1 Introduction
9.2 Investments Made by Big Players
9.3 Key Market Developments
9.3.1 Developments in the Next-Generation Advanced Battery Industry
9.3.2 Contracts and Agreements in the Electric Vehicle Industry
9.3.3 Mergers and Acquisitions in the Electric Vehicle Industry
9.4 Battery R&D Organizations
Chapter 10 Company Profiles
- Brightvolt
- Cymbet
- Contemporary Amperex Technology Ltd. (Catl)
- Ess Inc.
- Gpindustrial
- Gs Yuasa Corp.
- Ion Storage Systems
- Ilika plc
- Ngk Insulators Ltd.
- Polyplus Battery Co.
- Primus Power Corp.
- Quantumscape Corp.
- Saft
- Ses Ai Corp.
- Sion Power
- Solid Power
- Vizn Energy Systems Inc.
- Zaf Energy Systems Inc.
Chapter 11 Appendix: Acronyms
11.1 Acronyms Used in this Report
List of Tables
Summary Table: Global Market for Next-Generation Advanced Batteries, by Region, Through 2027
Table 1: Raw Material Producing Countries
Table 2: Raw Materials Needed for Battery Manufacture
Table 3: Electric Vehicle Deployment Targets, by Region or Country, 2020-2030
Table 4: U.S. Federal Tax Incentives for Plug-in Hybrid Electric Vehicles, 2021
Table 5: Impact of Market Drivers on the Global Market
Table 6: Impact of Restraints on the Global Market
Table 7: Impact of Challenges on the Global Market
Table 8: Impact of Opportunity on the Global Market
Table 9: Global Market for Next-Generation Advanced Batteries, by Battery Type, Through 2027
Table 10: Applications for Solid-State Batteries in the Mass Market by 2040
Table 11: Developments in Lithium-Air Batteries, 2022
Table 12: Comparing Sodium-Ion with Competing Battery Technologies.
Table 13: Global Market for Next-Generation Advanced Batteries, by End Use, Through 2027
Table 14: Likely, Optimistic and Pessimistic Scenarios for Battery-Powered Electric Vehicles
Table 15: Technologies for Energy Storage
Table 16: Global Market for Next-Generation Advanced Batteries, by Region, Through 2027
Table 17: North American Market for Next-Generation Advanced Batteries, by Country, Through 2027
Table 18: North American Market for Next-Generation Advanced Batteries, by Battery Type, Through 2027
Table 19: North American Market for Next-Generation Advanced Batteries, by End Use, Through 2027
Table 20: European Market for Next-Generation Advanced Batteries, by Country, Through 2027
Table 21: European Market for Next-Generation Advanced Batteries, by Battery Type, Through 2027
Table 22: European Market for Next-Generation Advanced Batteries, by End Use, Through 2027
Table 23: Asia-Pacific Market for Next-Generation Advanced Batteries, by Country, Through 2027
Table 24: Asia-Pacific Market for Next-Generation Advanced Batteries, by Battery Type, Through 2027
Table 25: Asia-Pacific Market for Next-Generation Advanced Batteries, by End Use, Through 2027
Table 26: Rest of the World Market for Next-Generation Advanced Batteries, by Country, Through 2027
Table 27: Rest of the World Market for Next-Generation Advanced Batteries, by Battery Type, Through 2027
Table 28: Rest of the World Market for Next-Generation Advanced Batteries, by End Use, Through 2027
Table 29: Developments in the Market for Next-Generation Advanced Batteries, January 2022 to January 2023
Table 30: Contracts and Agreements in the Electric Vehicle Market, January 2018 to April 2022
Table 31: Mergers and Acquisitions in the Electric Vehicle Industry, April 2017 to May 2022
Table 32: Battery R&D Organizations
Table 33: Brightvolt: Product Offering
Table 34: Cymbet: Product Offering
Table 35: Contemporary Amperex Technology Co. Limited: Product Offering
Table 36: ESS Inc: Product Offering
Table 37: GPIndustrial: Product Offering
Table 38: GS Yuasa Corp.: Product Offering
Table 39: Ion Storage Systems: Product Offering
Table 40: Ilika plc: Product Offering
Table 41: NGK Insulators Ltd.: Product Offering
Table 42: PolyPlus Battery Co: Product Offering
Table 43: Primus Power Corp.: Product Offering
Table 44: QuantumScape Corp.: Product Offering
Table 45: Saft: Product Offering
Table 46: SES AI Corp.: Product Offering
Table 47: Sion Power Corp.: Product Offering
Table 48: Solid Power Inc.: Product Offering
Table 49: Vizn Energy Inc.: Product Offering
Table 50: ZAF Energy Systems Inc.: Product Offering
Table 51: Acronyms and Abbreviations Used in This Report
List of Figures
Figure A: Research Methodology Applied for Next-Generation Advanced Batteries Market Report
Summary Figure: Global Market Shares of Next-Generation Advanced Batteries, by Region, 2022
Figure 1: Evolution of Battery Technology
Figure 2: Value Chain for Next-Generation Battery
Figure 3: Porter’s Five Forces Model for Next-Generation Advanced Batteries Market
Figure 4: Class 1 Nickel Production, 2021
Figure 5: Market Drivers for Next-Generation Advanced Batteries
Figure 6: Market Restraints for Next-Generation Advanced Batteries
Figure 7: Market Challenges for Next-Generation Advanced Batteries
Figure 8: Opportunities in the Market
Figure 9: Battery Components
Figure 10: Global Market Shares of Next-Generation Advanced Batteries, by Battery Type, 2022
Figure 11: Global Market Shares of Next-Generation Advanced Batteries, by Battery Type, 2027
Figure 12: Advantages of Solid-State Batteries
Figure 13: Benefits of Sodium-ion Batteries
Figure 14: Global Market Shares of Next-Generation Advanced Batteries, by End Use, 2022
Figure 15: Global Market Shares of Next-Generation Advanced Batteries, by End Use, 2027
Figure 16: Global Market Shares of Next-Generation Advanced Batteries, by Region, 2022
Figure 17: Global Market Shares of Next-Generation Advanced Batteries, by Region, 2027
Figure 18: North American Drivers for Next-Generation Advanced Batteries
Figure 19: North American Market Shares of Next-Generation Advanced Batteries, by Country, 2022
Figure 20: North American Market Shares of Next-Generation Advanced Batteries, by Country, 2027
Figure 21: North American Market Shares of Next-Generation Advanced Batteries, by Battery Type, 2022
Figure 22: North American Market Shares of Next-Generation Advanced Batteries, by Battery Type, 2027
Figure 23: North American Market Shares of Next-Generation Advanced Batteries, by End Use, 2022
Figure 24: North American Market Shares of Next-Generation Advanced Batteries, by End Use, 2027
Figure 25: European Market Shares of Next-Generation Advanced Batteries, by Country, 2022
Figure 26: European Market Shares of Next-Generation Advanced Batteries, by Country, 2027
Figure 27: European Market Shares of Next-Generation Advanced Batteries, by Battery Type, 2022
Figure 28: European Market Shares of Next-Generation Advanced Batteries, by Battery Type, 2027
Figure 29: European Market Shares of Next-Generation Advanced Batteries, by End Use, 2022
Figure 30: European Market Shares of Next-Generation Advanced Batteries, by End Use, 2022
Figure 31: Asia-Pacific Market Shares of Next-Generation Advanced Batteries, by Country, 2022
Figure 32: Asia-Pacific Market Shares of Next-Generation Advanced Batteries, by Country, 2027
Figure 33: Asia-Pacific Market Shares of Next-Generation Advanced Batteries, by Battery Type, 2022
Figure 34: Asia-Pacific Market Shares of Next-Generation Advanced Batteries, by Battery Type, 2027
Figure 35: Asia-Pacific Market Shares of Next-Generation Advanced Batteries, by End Use, 2022
Figure 36: Asia-Pacific Market Shares of Next-Generation Advanced Batteries, by End Use, 2022
Figure 37: Rest of the World Market Shares of Next-Generation Advanced Batteries, by Country, 2022
Figure 38: Rest of the World Market Shares of Next-Generation Advanced Batteries, by Country, 2027
Figure 39: Rest of the World Market Shares of Next-Generation Advanced Batteries, by Battery Type, 2022
Figure 40: Rest of the World Market Shares of Next-Generation Advanced Batteries, by Battery Type, 2022
Figure 41: Rest of the World Market Shares of Next-Generation Advanced Batteries, by End Use, 2022
Figure 42: Rest of the World Market Shares of Next-Generation Advanced Batteries, by End Use, 2027
Figure 43: Patent Shares of Next-Generation Advanced Batteries, by Company, 2021
Figure 44: Investment in Solid-State Batteries, by Big Companies and the Future Scenario, 2022
Figure 45: GS Yuasa Corp.: Sales Share, by Business Segment, 2022
Figure 46: GS Yuasa Corp.: Sales Share, by Region, 2022
Figure 47: Ilika plc: Sales Share, by Region, 2022
Figure 48: Ilika plc: Sales Share, by Business Segment, 2022
Figure 49: NGK Insulators Ltd.: Sales Share, by Business Segment, 2022
Figure 50: NGK Insulators Ltd.: Sales Share, by Region, 2022
Executive Summary
The term 'advanced battery' refers to the next generation of batteries, including battery cells that can be integrated into modules, packs or systems for energy storage applications, which also includes batteries for electric vehicles or the power grid. These batteries differ from lithium-ion batteries in that they have a higher energy density, a longer lifespan, are more affordable, quick to charge and have superior efficiency. Lithium-sulfur batteries are the next-generation advanced batteries that may eventually replace lithium-ion cells due to their greater energy density and lower price.
An ever-expanding range of portable devices, including those formerly powered by primary cells or first-generation rechargeables, are powered by improved next-generation batteries (flashlights, radios, etc.). Hybrid electric vehicles, cell phones, cellphones, laptops and tablets are just a few examples of devices that would not be practicable or convenient without next-generation batteries. There is still room for growth in plug-in electric vehicles' new military battery industries. Utility load leveling, wind farm power storage and distant power generation applications of extremely advanced batteries are also being investigated.
Electrification fueled by renewable energy, which includes the electrification of cars (e-mobility), buildings and cities, is the way to decarbonize the planet and fight climate change. The best method to transition to a green economy is to boost the use of renewable energy sources like solar, wind and hydropower, as well as other low-carbon technologies like electric vehicles, storage, and the use of microgrids and smart grids. By removing greenhouse gas emissions from the atmosphere, electrification can reduce the effects of global warming.
The output of minerals like lithium, cobalt and graphite is anticipated to increase significantly due to the growing demand for clean energy technology such as batteries, wind turbines, solar panels or electric vehicles. Efforts to electrify the economy and develop technology rely on next-generation batteries, considering that they surpass conventional batteries in terms of performance, efficiency and safety. The quick response, modular construction and flexible battery installation has enabled the transportation sector's decarbonization and increased grid integration of intermittent renewable energy technologies. By filling in the gaps left by wind and solar power plants' variable production and reducing energy waste, batteries help utilities and grid operators maintain the dependability of the electrical system. According to IRENA(International Renewable Energy Agency), battery systems can upgrade mini grids, enable the 'self-consumption' of rooftop solar power and store electricity in electric vehicles, providing frequency response, reserve capacity, black-start capability (restoring an electric power system) and other grid functions.
The impending challenges are primarily related to the impact of the Russian invasion of Ukraine. Russia is a significant supplier of the metals required for EV batteries and the whole renewable energy industry, from wind turbines to solar panels. The crisis in Ukraine has reversed a decade of declining costs in the green technology sector, along with ongoing COVID-19 supply chain disruptions, logistical constraints, and surging worldwide inflation. This has resulted in a delay in adopting low-carbon technology around the globe.
Companies Mentioned
- Brightvolt
- Contemporary Amperex Technology Ltd. (Catl)
- Cymbet
- Ess Inc.
- Gpindustrial
- Gs Yuasa Corp.
- Ilika plc
- Ion Storage Systems
- Ngk Insulators Ltd.
- Polyplus Battery Co.
- Primus Power Corp.
- Quantumscape Corp.
- Saft
- Ses Ai Corp.
- Sion Power
- Solid Power
- Vizn Energy Systems Inc.
- Zaf Energy Systems Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 161 |
| Published | March 2023 |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value ( USD | $ 87.6 Billion |
| Forecasted Market Value ( USD | $ 1821 Billion |
| Compound Annual Growth Rate | 83.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 18 |
