Focused on real-world business use, this report highlights what’s changing in the next generation batteries market and what companies should prepare for next.
Next Generation Batteries Market Valuation Forecast: What Will The Market Be Worth By 2025?
The next generation batteries market size has grown steadily in recent years. It will grow from $4.73 billion in 2024 to $4.94 billion in 2025 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to increasing electric vehicle adoption, rising renewable energy integration, growing consumer electronics demand, increasing energy storage needs, and rising government sustainability policies.
The next generation batteries market size is expected to see strong growth in the next few years. It will grow to $6.11 billion in 2029 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growing grid modernization projects, increasing investment in research and development, rising demand for fast charging, growing concern for carbon emissions, and increasing wearable tech usage. Major trends in the forecast period include advancements in solid-state battery technology, integration of dual carbon batteries, technological developments in lithium-sulfur batteries, advancements in sodium-ion battery technology, and integration of quantum battery concepts.
Get your free sample today:
What Are The Key Factors Driving Growth In The Next Generation Batteries Market?
Rising demand for electric vehicles is expected to propel the growth of the next generation batteries market going forward. Electric vehicles (EVs) refer to automobiles that are powered entirely or partially by electricity, typically using batteries instead of internal combustion engines. The rising demand for electric vehicles is largely driven by economic benefits, as EVs offer lower operating costs compared to traditional vehicles, making them an attractive option for consumers looking to save money in the long term. Next-generation batteries, such as solid-state and lithium-sulfur, enhance electric vehicles by offering higher energy densities, faster charging, longer lifespans, and improved safety, making EVs more practical and efficient for consumers. For instance, in April 2025, according to the European Automobile Manufacturers Association, a Belgium-based trade association, in the first quarter of 2025, sales of battery-electric cars increased by 23.9%, reaching 412,997 units, and accounted for 15.2% of the total market share in the EU. Therefore, rising demand for electric vehicles is driving the growth of the next generation batteries market.
Emerging And High-Growth Segments In The Global Next Generation Batteries Market
The next generation batteries market covered in this report is segmented –
1) By Battery Type: Lithium-Sulfur Batteries, Sodium-Ion Batteries, Solid-State Batteries, Aluminum-Ion Batteries, Flow Batteries
2) By Form Factor: Cylindrical Batteries, Prismatic Batteries, Pouch Batteries, Stacked Batteries, Flexible Batteries
3) By Application: Electric Vehicles (EVs), Consumer Electronics, Grid Energy Storage, Industrial Applications, Portable Power Tools
4) By End User: Aerospace And Defense, Automotive, Telecommunications, Healthcare, Consumer Electronics Manufacturers
Subsegments:
1) By Lithium-Sulfur Batteries: High-Energy Density Lithium-Sulfur Batteries, Flexible Lithium-Sulfur Batteries
2) By Sodium-Ion Batteries: Sodium-Ion Batteries For Grid Storage, High-Capacity Sodium-Ion Batteries, Sodium-Ion Batteries For Consumer Electronics
3) By Solid-State Batteries: All-Solid-State Batteries, Thin-Film Solid-State Batteries
4) By Aluminum-Ion Batteries: Aluminum-Ion Batteries For Grid Storage, Lightweight Aluminum-Ion Batteries
5) By Flow Batteries: Vanadium Flow Batteries, Zinc-Bromine Flow Batteries, Iron-Chromium Flow Batteries, All-Vanadium Flow Batteries
Next Generation Batteries Market Future Trends
Major companies operating in the next generation batteries market are focusing on developing technologically advanced solutions, such as electric vehicle (EV) battery systems, to address key challenges, including charging time, energy density, and cost efficiency. Electric vehicle (EV) battery systems are integrated energy storage units that supply power to an electric vehicle’s motor, enabling propulsion and supporting overall vehicle performance. For instance, in March 2025, BYD Auto Co. Ltd., a China-based automotive company, launched the Next-Gen EV Battery System, which can charge electric vehicles (EVs) to provide up to 400 km of range in just five minutes. This revolutionary system operates at 1,000 volts, delivering ultra-fast charging speeds of up to 1,000 kW, thanks to advanced lithium iron phosphate (LFP) battery technology. This innovation, combined with sophisticated thermal and battery management systems, allows EVs including the BYD Han L and Tang L to recharge rapidly and safely, significantly reducing charging time and enhancing convenience.
Key Next Generation Batteries Company Insights:
Major companies operating in the next generation batteries market are Toyota Motor Corporation, Volkswagen AG, Samsung Electronics Co. Ltd., Ford Motor Company, General Motors Company, Bayerische Motoren Werke, Honda Motor Co. Ltd., Panasonic Holdings Corporation, LG Energy Solution Ltd., QuantumScape Corporation, SK On Co. Ltd., Build Your Dreams, ProLogium Technology Co. Ltd., Northvolt AB, Natron Energy Inc., ZincFive Inc., StoreDot Ltd., Factorial Energy Inc., Sion Power, Amprius Technologies Inc., Enovix Corporation, Showa Denko Materials, Blue Current Inc., Solid Power Inc.
View the full next generation batteries market report here:
How Does Next Generation Batteries Market Growth Vary Across Major Regions?
Asia-Pacific was the largest region in the next generation batteries market in 2024. The regions covered in the next generation batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Contact Us:
The Business Research Company
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Comments
Post a Comment