Next Generation Batteries Market Size, Current Trends, Future Growth Study and Strategic Assessment | COVID-19 Effects
Market Analysis Market Research Future (MRFR) predicts the global next generation batteries market to reach USD 20200 million at a CAGR of 5.4% from 2019 to 2027 (forecast period). As the need for next generation batteries grows, the electronics and semiconductor sectors have taken steps to provide longer and more durable batteries for commercial usage. These batteries are widely utilized in consumer electronics, electric vehicles, and the stationary storage industry. Long-lasting battery production necessitates a significant amount of effort and huge investment in order to conduct tests in conjunction with the power and energy sectors. Nickel-metal hydride, ultracapacitors, lithium Sulphur (Li-S), magnesium ion, lithium-ion (Li), nickel-cadmium (Ni-Cd), solid electrodes, and metal-air are all used in global next generation batteries. Many commercial industries choose Li-ion batteries, which are expected to account for a sizable market share during the forecast period. Li-ion bat...