Global Next-generation Battery Market for Transportation Industry 2018-2022

The next-generation battery market size for transportation industry will grow by USD 2.30 billion during 2018-2022. This report offers an analysis of the market based on technology (solid-state battery, lithium-sulfur battery, and advanced lead-acid battery) and geography (the Americas, APAC, and EMEA). The next-generation battery market research report for transportation industry further analyzes the market’s competitive landscape and offers information on several companies including OXIS Energy, PolyPlus, Sakti3, Seeo, Sion Power, and The Furukawa Battery.

Below are some of the key findings from the next-generation battery market research report for the transportation industry

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Global next-generation battery market for transportation industry overview

The growing need for improved drone flying time is one of the primary growth factors for the next-generation battery market for the transportation industry. The increasing hardware and software technology base will drive the growth of the drone industry. Consequently, industries and consumers are adopting drones for various industrial and recreational purposes. Drones require a continuous power supply for safe operation, using components such as sensors, GPS tracking devices, and HD cameras. To ensure longer runtime and provide optimum performance, drone manufacturers are focusing on new battery technologies that can maintain a balance between weight, performance, and energy consumption. This market report estimates that the next-generation battery market for transportation industry will grow steadily at a CAGR of greater than 80% during the forecast period.

Experts predict that the growing nanotechnology next-generation battery market will drive the growth of the for the transportation industry. Nanotechnology-enabled batteries are still gaining popularity in the market across the globe. Factors such as rising sales of automobiles worldwide, growing adoption of EVs, increasing sales of the PHEVs and HEVs, and the stringent regulations for renewable energy. Manufacturers are offering a lithium-sulfur nanotechnology-enabled battery that delivers three-time higher density than a traditional Li-ion battery.

Top next-generation battery companies for transportation industry covered in this market research report

The next-generation battery market is fairly concentrated with companies focusing on collaborations and partnerships for strengthening their position in the market. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this next-generation battery market for transportation industry analysis report will aid clients to identify new growth opportunities and design innovative strategies for strengthening their position in the market.

The report offers a complete analysis of various companies including:

• OXIS Energy
• PolyPlus
• Sakti3
• Seeo
• Sion Power
• The Furukawa Battery

Next-generation battery market segmentation for transportation industry based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the Americas will account for the highest next-generation battery market revenue for transportation industry throughout the forecast period due to the increased adoption of drones in the defense industry and rising adoption of EVs in the region. The EMEA region, however, will contribute the fastest growth in the market primarily because of the growing use of next-generation batteries in the transportation industry across European economies and South Africa.

Next-generation battery market segmentation for transportation industry based on technology

• Solid-state battery
• Lithium-sulfur battery
• Advanced lead-acid battery

The solid-state battery segment will account for the highest next-generation battery market growth for transportation industry due to the upsurge in the popularity of solid-state batteries in the transportation industry, especially EVs. Additionally, the report also provides an accurate prediction of the contribution of the various technology segments to the growth of the next-generation battery market size for the transportation industry.

Key highlights of the global next-generation battery market for transportation industry for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the next-generation battery market for transportation industry during the next five years
• Precise estimation of the global next-generation battery market size for transportation industry and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the next-generation battery market for transportation industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of next-generation battery companies for the transportation industry

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