DUBLIN–(BUSINESS WIRE)–The “Next Generation Advanced Batteries – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
Global Next Generation Advanced Batteries Market to Reach $16.2 Billion by 2030
The global market for Next Generation Advanced Batteries estimated at US$342.8 Million in the year 2022, is projected to reach a revised size of US$16.2 Billion by 2030, growing at a CAGR of 62% over the analysis period 2022-2030. Lithium Sulfur, one of the segments analyzed in the report, is projected to record 64.6% CAGR and reach US$6.8 Billion by the end of the analysis period. Growth in the Magnesium Ion segment is estimated at 62.7% CAGR for the next 8-year period.
In 2022, the global market for Next Generation Advanced Batteries witnessed rapid growth. Among the emerging battery technologies, Lithium Sulfur Batteries experienced an acceleration in demand. The largest end-user sector driving this growth was consumer electronics. Geographically, North America emerged as the largest region for Next Generation Advanced Batteries.
In terms of competition, the report provides insights into the Global Key Competitors’ Percentage Market Share for the year 2022, categorizing their Competitive Market Presence as strong, active, niche, or trivial. Recent market activity and innovations in this sector are also highlighted, showcasing the dynamic landscape of advanced battery technologies.
The U.S. Market is Estimated at $119.4 Million, While China is Forecast to Grow at 72.7% CAGR
The Next Generation Advanced Batteries market in the U.S. is estimated at US$119.4 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 72.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 51.5% and 58.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 57.8% CAGR.
What`s New?
Key Attributes:
Report Attribute | Details |
No. of Pages | 225 |
Forecast Period | 2022 – 2030 |
Estimated Market Value (USD) in 2022 | $342.8 Million |
Forecasted Market Value (USD) by 2030 | $16200 Million |
Compound Annual Growth Rate | 61.9% |
Regions Covered | Global |
MARKET TRENDS & DRIVERS
FOCUS ON SELECT PLAYERS (Total 62 Featured)
For more information about this report visit https://www.researchandmarkets.com/r/g3m1xq
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