Next-Generation Advanced Batteries Market Set to Reach $5.3 Billion by 2029 Driven by Sodium-Ion and Solid-State Technologies

The global market for next-generation advanced batteries is projected to experience significant expansion, growing from $1.5 billion in 2024 to $5.3 billion by 2029. This represents a remarkable compound annual growth rate (CAGR) of 28.5% over the forecast period. Key types of batteries included in this analysis are sodium-ion, solid-state, and flow batteries, along with other emerging technologies.

This report, titled “Next-Generation Advanced Batteries: Global Markets,” has been recently made available through ResearchAndMarkets.com. It provides a comprehensive analysis of the global advanced batteries market, covering trends, technologies, and profiles of notable companies, such as CATL and LG Energy. The regions examined include North America, Europe, and Asia-Pacific.

The report, based on data from 2023, predicts market values up to the end of 2029. It explores the end-use applications of these advanced batteries across various industries. Additionally, it highlights emerging technologies, competitive landscapes, market dynamics, and patent analyses, with a particular focus on environmental, social, and governance (ESG) developments and macroeconomic factors.

Among the next-generation advanced batteries, sodium-ion batteries (SIBs), solid-state batteries (SSBs), and flow batteries, along with alternatives like metal-air, lithium-sulfur, and magnesium-ion batteries, are gaining traction as viable substitutes for lithium-ion batteries (LIBs). Sodium’s abundance, being the sixth most common element globally, significantly reduces supply chain risks and geopolitical issues often associated with lithium. In sodium-ion batteries, sodium ions move between the anode and cathode during charge and discharge cycles, similar to the operation of LIBs.

Flow batteries, on the other hand, utilize liquid electrolytes stored separately, which flow into a central cell during charging and discharging phases. These batteries are particularly effective for storing renewable energy sources, such as solar and wind power. Solid-state batteries enhance the performance of electric vehicles (EVs), medical devices, and battery-powered industrial systems by providing higher energy density, improved safety, quicker charging times, and longer battery life compared to traditional battery systems.

### Report Scope
– **Data Tables**: 33 data tables and 48 additional tables
– **Market Analysis**: A review of the global market for next-generation advanced batteries
– **Sales Data**: 2023, 2024, estimates for 2025, forecasts for 2028, and projections for CAGRs through 2029
– **Evaluation**: Assessment and forecast of the market, including market share analysis by type, end-use industry, and region
– **Technological Trends**: Insights into emerging technologies and current and future demand for advanced batteries
– **Company Profiles**: Information on leading companies, including CATL, HiNa Battery Technology, LG Energy Solution, QuantumScape, and Sumitomo Electric Industries

### Key Attributes:
– **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
– **CAGR**: 28.5%
– **Regions Covered**: Global

### Key Topics Covered:
1. **Executive Summary**: An overview of market outlook and dynamics
2. **Market Overview**: Current market status and future projections
3. **Market Dynamics**: Drivers, challenges, and opportunities
4. **Emerging Technologies**: Innovations in battery technologies
5. **Market Segmentation**: Breakdown by battery type and end-use
6. **Competitive Landscape**: Analysis of top companies in the market
7. **Sustainability in the Market**: An ESG perspective
8. **Appendix**: Featured companies in the market

For further details on this report, visit [ResearchAndMarkets.com](https://www.researchandmarkets.com/r/s5scvy).