Next-Generation Advanced Batteries Global Market Analysis Report 2025-2029: Transforming the Landscape with ESG Trends, Sodium's Abundance Sparks Growth
The global next-generation advanced batteries market will surge from $1.5 billion in 2024 to $5.3 billion by 2029, at a CAGR of 28.5%. Key battery types include sodium-ion, solid state, and flow batteries. The report covers market trends, technologies, and notable companies like CATL and LG Energy. Regions analyzed include North America, Europe, and Asia-Pacific.
Next-Generation Advanced Batteries Market
Dublin, June 10, 2025 (GLOBE NEWSWIRE) -- The "Next-Generation Advanced Batteries: Global Markets" report has been added to ResearchAndMarkets.com's offering.The global market for next-generation advanced batteries is estimated to grow from $1.5 billion in 2024 to reach $5.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 28.5% from 2024 through 2029.
The base year of this report is 2023, and the estimated year is 2024. Market values ($ million) are forecasted until the end of 2029. This report analyzes the global next-generation advanced batteries market and examines the end use of these batteries within various industries. It also includes emerging technologies and developments, upcoming trends, the competitive landscape, market dynamics, and a patent analysis of the market. The report further focuses on ESG developments and macro-economic factors. It concludes with profiles of the leading companies in the next-generation advanced batteries market.
Sodium-ion batteries (SIBs), solid state batteries (SSBs), flow batteries, and other varieties (metal-air batteries, lithium-sulfur batteries, magnesium-ion batteries, smart nano batteries) are considered nextgeneration advanced batteries. The batteries are becoming an alternative to lithium ion batteries (LIBs) due to their high energy density and easy access to many raw materials. As sodium is the sixth most common element in the world, its use significantly lowers the supply chain risks and geopolitical concerns that come with lithium. During charging and discharging cycles, sodium ions move back and forth between the anode and the cathode, making these batteries work like LIBs.A flow battery is a rechargeable battery wherein the liquid electrolytes, stored separately, flow into the central cell, which reacts in the charging and discharging phases. These batteries are typically used for storing renewable sources of energy, notably solar and wind energy. SSBs enhance the overall performance of EVs, medical devices and battery-powered industrial systems by enabling high energy density, improved safety features, faster charging times and increased battery life compared with conventional battery systems.Report Scope
33 data tables and 48 additional tables
A review of the global market for next-generation advanced batteries
Analyses of the global market trends, with sales data for 2023, 2024, estimates for 2025, forecasts for 2028, and projections of compound annual growth rates (CAGRs) through 2029
Evaluation and forecast of the global market for next-generation advanced batteries, and a corresponding market share analysis by type, end use industry and region
A look at emerging technological trends, and the opportunities and gaps in current and future demand for next-generation advanced batteries
Information on the latest developments in next-generation advanced batteries and new industry research and economic trends
Coverage of evolving technologies, the current and future market potential, R&D activities, growth strategies, regulatory framework and reimbursement scenarios, and ESG trends of the market
Analysis of the key companies' market shares and their proprietary technologies, strategic alliances, and patent portfolios
Profiles of the companies, including Contemporary Amperex Technology Co. Ltd. (CATL), HiNa Battery Technology Co. Ltd., LG Energy Solution, QuantumScape Battery Inc., and Sumitomo Electric Industries Ltd.
Key Attributes:
Report Attribute
Details
No. of Pages
118
Forecast Period
2024 - 2029
Estimated Market Value (USD) in 2024
$1.5 Billion
Forecasted Market Value (USD) by 2029
$5.3 Billion
Compound Annual Growth Rate
28.5%
Regions Covered
Global
Key Topics Covered: Chapter 1 Executive Summary
Market Outlook
Scope of Report
Market Summary
Market Dynamics and Growth Factors
Future Trends and Development
Segmental Analysis
Regional Insights and Emerging Markets
Conclusion
Chapter 2 Market Overview
Current Market Overview and Future Scenario
Current Market Overview
Future Scenario
Value Chain Analysis
Raw Materials Mining
Cell Component Manufacturing
Cell Manufacturing
Battery Pack Manufacturing
End User
Battery Recycling and Disposal
Porter's Five Forces Analysis
Macroeconomic Factors
Impact of the Russia-Ukraine War
Falling Lithium-Ion Battery Prices
Rising Global Sales of EVs
Regulatory Framework and Initiatives by Governments
The European Union
The U.S.
China
India
Chapter 3 Market Dynamics
Overview
Market Drivers
Need for a Cost-Effective Alternative to Lithium-Ion Batteries
Preference for Flow Batteries Over Conventional Batteries
Increasing Demand for Solar Energy Facilitating Deployment
Demand for Higher Battery Energy Density
Market Restraints/Challenges
Limited Cycle Life of Sodium-Ion Batteries
Manufacturing Limitations for SSBs
Market Opportunities
Grid Modernization
Development of Smart Cities, Smart Buildings and Smart Infrastructure
Market Trends
Demand for Long-Duration Battery Storage Technologies
Sodium-Based SSB Research
Chapter 4 Emerging Technologies and Developments
Overview
Key Emerging Technologies
Iron Flow Batteries
Iron-Chromium Redox Flow Batteries (RFBs)
Nanotechnology-based Anode and Cathode Materials for SIBs
Advanced Electrolytes
Emerging Roles of AI and Machine Learning
Thermal Management System (TMS)
Bottom Electrodeposition
Patent Analysis
Overview
Significant Patent Grants
Key Findings
Chapter 5 Market Segmentation Analysis
Segmentation Breakdown
Market Analysis by Battery Type
Key Takeaways for Battery Type
Sodium-Ion Battery (SIB)
Flow Battery
Solid-State Battery (SSB)
Others
Market Analysis by End Use
Key Takeaways for End Use
Mobility
Power
Consumer Electronics
Others
Geographic Breakdown
Market Analysis by Region
Key Takeaways for Region
North America
Europe
Asia-Pacific
Rest of the World (RoW)
Chapter 6 Competitive Landscape
Overview
Market Ranking Analysis
Competitive Analysis for Top 5 Companies in the Global Next-Generation Advanced Batteries Market
CATL
Sumitomo Electric Industries Ltd.
LG Energy Solution Ltd.
NGK Insulators Ltd.
Invinity Energy Systems
Key Developments
Chapter 7 Sustainability in the Next-Generation Advanced Batteries Market: An ESG Perspective
Introduction to ESG
Environmental Impact
Social Impact
Governance Impact
Current Status of ESG in the Market
Consumer Attitudes Toward ESG
Case Study: Examples of Successful Implementation of ESG
LG Energy Solution
Invinity Energy Systems
Sumitomo Electric Industries Ltd.
Concluding Remarks
Chapter 8 AppendixCompanies Featured
Blue Solutions SAS
Contemporary Amperex Technology Co. Ltd.
ESS Tech Inc.
Faradion
Hina Battery Technology Co. Ltd.
Ilika
Invinity Energy Systems
LG Energy Solution
Natron Energy Inc.
NGK Insulators Ltd.
Panasonic Energy Co. Ltd.
Primus Power Solutions
QuantumScape Battery Inc.
SK On Co. Ltd.
Sumitomo Electric Industries Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/s5scvy
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Next-Generation Advanced Batteries Market
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