Advanced Battery Market Size, Share, and Trends 2024 to 2034

The global advanced battery market size was USD 82.36 billion in 2023, calculated at USD 89.61 billion in 2024 and is expected to reach around USD 208.28 billion by 2034, expanding at a CAGR of 8.8% from 2024 to 2034.

  • Last Updated : August 2024
  • Report Code : 1195
  • Category : Automotive

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Advanced Battery Market 

5.1. COVID-19 Landscape: Advanced Battery Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Advanced Battery Market, By Type

8.1. Advanced Battery Market Revenue and Volume, By Type, 2024-2034

8.1.1 Sodium Sulfur Battery

8.1.1.1. Market Revenue and Volume Forecast (2021-2034)

8.1.2. Sodium Metal Halide Battery

8.1.2.1. Market Revenue and Volume Forecast (2021-2034)

8.1.3. Lithium-Ion Polymer Battery

8.1.3.1. Market Revenue and Volume Forecast (2021-2034)

8.1.4. Advanced Lead Acid Battery

8.1.4.1. Market Revenue and Volume Forecast (2021-2034)

8.1.5. Smart Nano Battery

8.1.5.1. Market Revenue and Volume Forecast (2021-2034)

8.1.6. Others

8.1.6.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 9. Global Advanced Battery Market, By Application

9.1. Advanced Battery Market Revenue and Volume, By Application, 2024-2034

9.1.1. Consumer Electronics

9.1.1.1. Market Revenue and Volume Forecast (2021-2034)

9.1.2. Automotive Battery

9.1.2.1. Market Revenue and Volume Forecast (2021-2034)

9.1.3. Energy Storage Systems

9.1.3.1. Market Revenue and Volume Forecast (2021-2034)

9.1.4. Industrial Battery

9.1.4.1. Market Revenue and Volume Forecast (2021-2034)

Chapter 10. Global Advanced Battery Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.1.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.1.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.1.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.2.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.2.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.2.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.2.5.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.2.6.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.3.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.3.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.3.5.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.3.6.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.4.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.4.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.4.5.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.4.6.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.5.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.5.3.2. Market Revenue and Volume Forecast, By Application (2021-2034)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, By Type (2021-2034)

10.5.4.2. Market Revenue and Volume Forecast, By Application (2021-2034)

Chapter 11. Company Profiles

11.1. Pathion Inc.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. PolyPlus Battery Company Inc.

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. GS Yuasa Corporation

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Oxis Energy Ltd

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Samsung SDI Co. Ltd.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Others

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Frequently Asked Questions

The global advanced battery market size valued at USD 82.36 billion in 2023 and expected to hit around USD 208.28 billion by 2034.

The global advanced battery market is growing at a CAGR of 8.8% from forecast period 2024 to 2034.

Advanced batteries market is predicted to observe vigorous growth during years to come due to, intensifying emphasis on clean energy practice, increasing adoption of electric vehicles and refining economics of battery storage system. Further, development in electric vehicles and electronic gadgets are probable to boost the next generation battery market during coming years. However, advanced batteries offer limitations such as high costs, long recharge time, short cycle life span which hampers the market growth.

The lithium-ion polymer battery market segment reported for the maximum market cut of above 15% in 2023.

Consumer electronics segment is anticipated to rule the global advanced battery market, due to the increasing need of electronic devices across the world.

Asia Pacific is predictable to control the market revenue with majority of the requirement originating from the nations such as China and India.

The key players are operating in the advanced battery market are Pathion Inc., PolyPlus Battery Company Inc., GS Yuasa Corporation, Oxis Energy Ltd, Samsung SDI Co. Ltd., Others

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