The Next-Generation Advanced Batteries Global Market Analysis Report (2025-2029) indicates a transformative shift driven by ESG trends and the abundance of sodium, which is set to propel the market growth. The global market for next-generation advanced batteries is projected to increase from $1.5 billion in 2024 to $5.3 billion by 2029, reflecting a compound annual growth rate (CAGR) of 28.5%. Key battery types identified in the report include sodium-ion, solid-state, and flow batteries.
This report, released by Research and Markets on June 10, 2025, provides a comprehensive analysis of the global next-generation advanced batteries market, exploring their end uses across various industries. It encompasses emerging technologies, significant market trends, and profiles of leading companies such as CATL and LG Energy, along with a focus on regions including North America, Europe, and Asia-Pacific.
The report highlights that sodium-ion batteries (SIBs), solid-state batteries (SSBs), flow batteries, and other types such as metal-air, lithium-sulfur, magnesium-ion, and smart nano batteries are included in the next-generation category. These batteries present themselves as viable alternatives to lithium-ion batteries (LIBs) due to their high energy density and the relative abundance of raw materials. Sodium, being the sixth most abundant element globally, helps mitigate supply chain risks and geopolitical issues associated with lithium.
Sodium ions operate similarly to lithium ions, moving between the anode and cathode during charging and discharging cycles. Flow batteries, on the other hand, are characterized by their use of liquid electrolytes, stored separately, which flow into the central cell during charging and discharging phases. These batteries are particularly effective for storing renewable energy sources, such as solar and wind power. SSBs contribute to enhanced performance in electric vehicles (EVs), medical devices, and industrial systems, offering improved energy density, safety features, faster charging times, and longer battery life compared to conventional batteries.
### Report Overview
– **Data Tables**: 33 data tables and an additional 48 tables are included.
– **Market Analysis**: An overview of current market trends, sales data, estimates for 2025, and forecasts through 2029.
– **Technological Trends**: Insights into emerging technologies and market opportunities.
– **Competitive Landscape**: Analysis of market shares among key companies, including CATL, LG Energy Solution, and Sumitomo Electric Industries.
### Key Data Points
– **Report Length**: 118 pages
– **Forecast Period**: 2024 – 2029
– **Estimated Market Value in 2024**: $1.5 Billion
– **Forecasted Market Value by 2029**: $5.3 Billion
– **CAGR**: 28.5%
### Key Chapters Covered
1. **Executive Summary**: An overview of market dynamics, future trends, and development.
2. **Market Overview**: Insights into the current market and future scenarios.
3. **Market Dynamics**: Analyzing drivers, restraints, and opportunities within the market.
4. **Emerging Technologies**: Key technologies shaping the future of advanced batteries.
5. **Market Segmentation**: Breakdown by battery type, end-use industry, and region.
6. **Competitive Landscape**: Analysis of the leading companies within the market.
7. **Sustainability Perspective**: Examination of ESG impacts on the market.
The report concludes with profiles of significant companies in the next-generation advanced batteries market, providing a thorough understanding of their market strategies, technologies, and contributions to the industry.
For more information about this report, visit [Research and Markets](https://www.researchandmarkets.com/r/s5scvy).
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/next-generation-advanced-batteries-market-set-to-reach-5-3-billion-by-2029-driven-by-sodium-ion-and-solid-state-innovations/
