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$5.6 Billion Worldwide Next Generation Advanced Batteries Industry to 2027 - Impact of COVID-19 on the Market

Research and Markets

Dublin, Sept. 16, 2020 (GLOBE NEWSWIRE) -- The "Next Generation Advanced Batteries - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 7th edition of this report. The 162-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Next Generation Advanced Batteries Market to Reach $5.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Next Generation Advanced Batteries estimated at US$113.9 Million in the year 2020, is projected to reach a revised size of US$5.6 Billion by 2027, growing at a CAGR of 74.2% over the analysis period 2020-2027.

Lithium Sulfur, one of the segments analyzed in the report, is projected to record a 76.5% CAGR and reach US$2.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Magnesium Ion segment is readjusted to a revised 73.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $35 Million, While China is Forecast to Grow at 70.3% CAGR

The Next Generation Advanced Batteries market in the U.S. is estimated at US$35 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$843.3 Million by the year 2027 trailing a CAGR of 70.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 66.8% and 63% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 50.1% CAGR.

Solid Electrodes Segment to Record 72.5% CAGR

In the global Solid Electrodes segment, USA, Canada, Japan, China and Europe will drive the 72.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$14.7 Million in the year 2020 will reach a projected size of US$667.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$693.4 Million by the year 2027.

Competitors identified in this market include, among others:

  • GS Yuasa Corporation

  • Lockheed Martin Corporation

  • NOHMs Technologies, Inc.

  • OXIS Energy Ltd.

  • PATHION Inc.

  • PolyPlus Battery Company

  • Sion Power Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares

  • Next Generation Advanced Battery Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 56

For more information about this report visit https://www.researchandmarkets.com/r/aa5vr0

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900