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 grow significantly, from $1.5 billion in 2024 to $5.3 billion by 2029, reflecting a robust compound annual growth rate (CAGR) of 28.5%. Key battery types driving this growth include sodium-ion, solid-state, and flow batteries. This report provides a comprehensive analysis of market trends, technological advancements, and profiles of significant companies in the sector, including CATL and LG Energy. It also examines various regions, notably North America, Europe, and Asia-Pacific.

The “Next-Generation Advanced Batteries: Global Markets” report has been included in ResearchAndMarkets.com’s offerings. The estimated market value for 2024 is $1.5 billion, with forecasts predicting a rise to $5.3 billion by the end of 2029, based on data from 2023 and projections extending through 2029. The report evaluates the global next-generation advanced batteries market, focusing on their applications across different industries. It highlights emerging technologies, trends, the competitive landscape, market dynamics, and includes a patent analysis. The report also addresses environmental, social, and governance (ESG) trends alongside macroeconomic factors.

Next-generation advanced batteries encompass 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. These batteries are increasingly seen as alternatives to lithium-ion batteries (LIBs) due to their high energy density and the abundance of raw materials. Sodium, being the sixth most abundant element globally, significantly reduces supply chain risks and geopolitical concerns associated with lithium.

Sodium-ion batteries operate by allowing sodium ions to move between the anode and cathode during charge and discharge cycles, similar to LIBs. Flow batteries, on the other hand, are rechargeable batteries where liquid electrolytes flow into a central cell during the charging and discharging phases, making them ideal for storing renewable energy sources like solar and wind power. Solid-state batteries enhance performance for electric vehicles (EVs), medical devices, and industrial systems, offering higher energy density, improved safety, faster charging, and longer battery life compared to traditional systems.

### Report Scope

– **Data Tables**: 33 data tables and 48 additional tables
– **Market Overview**: Review of the global market for next-generation advanced batteries
– **Market Trends**: Analysis of global trends, including sales data for 2023, estimates for 2025, and projections through 2029
– **Technological Trends**: Insights into emerging technologies and market opportunities

### Key Attributes

– **No. of Pages**: 118
– **Forecast Period**: 2024 – 2029
– **Estimated Market Value in 2024**: $1.5 Billion
– **Forecasted Market Value by 2029**: $5.3 Billion
– **CAGR**: 28.5%
– **Regions Covered**: Global

### Key Topics Covered

1. **Executive Summary**
– Market Outlook
– Scope of Report
– Market Dynamics and Growth Factors
– Future Trends and Development
– Segmental Analysis
– Regional Insights

2. **Market Overview**
– Current Market Overview and Future Scenario
– Value Chain Analysis
– Porter’s Five Forces Analysis
– Impact of Global Events on the Market

3. **Market Dynamics**
– Drivers for Market Growth
– Challenges and Restraints
– Opportunities in the Market

4. **Emerging Technologies and Developments**
– Key Emerging Technologies
– Patent Analysis

5. **Market Segmentation Analysis**
– Analysis by Battery Type
– Analysis by End Use
– Geographic Breakdown

6. **Competitive Landscape**
– Market Ranking and Competitive Analysis
– Key Developments from Leading Companies

7. **Sustainability in the Market**
– ESG Perspectives and Consumer Attitudes

8. **Appendix**
– Profiles of Featured Companies

For more detailed information, please visit [ResearchAndMarkets.com](https://www.researchandmarkets.com/r/s5scvy).