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Advanced Battery Market Size, Share & Trends Analysis Report By Product (Sodium Sulfur, Sodium Metal Halide), By Application (Industrial, Automotive), By Region, And Segment Forecasts, 2020 - 2027

August 2020 | 100 pages | ID: ADC2DF9294F6EN
Grand View Research, Inc.

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Advanced Battery Market Growth & Trends
The global advanced battery market size is expected to reach USD 121.38 billion by 2027, escalating at a CAGR of 8.0% over the forecast period, according to a new report by Grand View Research, Inc. The implementation of favorable government policies regarding the usage of energy-efficient products is likely to augment the market growth over the forecast period.

The market is primarily driven by the growing demand for battery energy storage systems across various end-use segments including residential, commercial, and industrial sectors. Moreover, the rising demand for renewable power generation infrastructure requiring energy storage for later use is estimated to propel the market growth over the next seven years.

Industry participants are focusing on research and development activities to develop advanced battery cells and modules that provide longer life, better performance, and lower battery cost when compared to traditional batteries. Moreover, market players follow several strategic initiatives, such as diversifying their product offerings, to enhance their foothold in end-use markets.

Trade disputes among the top economies including the U.S. and China along with the growing impact of COVID-19 are expected to disrupt the market supply chain that includes raw material suppliers, battery pack manufacturers, electrode material producers, and others. This, in turn, is projected to have a negative impact on market growth.

Advanced Battery Market Report Highlights
  • Lithium-ion polymer battery occupied the largest market share in 2019 owing to its extensive usage in the electronic devices sector
  • Sodium sulfur battery is projected to register the highest CAGR over the forecast period. It serves as large-scale stationary storage during renewable energy power generation
  • Automotive battery application segment is expected to register the fastest CAGR over the forecast period owing to the growing penetration of advanced batteries in Electric Vehicles (EVs)
  • Consumer electronics segment occupied the largest market revenue share in 2019 owing to the increased demand for electronic devices
  • Europe led the market in 2019 and will retain its dominant position over the coming years owing to the implementation of favorable government policies regarding the deployment of EVs and battery energy storage systems across the region
  • Asia Pacific accounted for the second-largest market share owing to high demand for enhanced battery capacity in developing economies, such as China and India
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights

CHAPTER 3. ADVANCED BATTERY MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Segmentation & Scope
3.2. Market Lineage Outlook
3.3. Penetration and Growth Prospect Mapping
3.4. Industry Value Chain Analysis
3.5. Technology Overview
3.6. Regulatory Framework
3.7. Market Dynamics
  3.7.1. Market Driver Analysis
    3.7.1.1. Growing energy storage market
    3.7.1.2. Favorable government policies
  3.7.2. Market Restraint Analysis
    3.7.2.1. High cost associated with storage technology
  3.7.3. Industry Challenges
3.8. Business Environment Analysis: Advanced battery Market
  3.8.1. Industry Analysis - Porter’s
    3.8.1.1. Supplier Power
    3.8.1.2. Buyer power
    3.8.1.3. Threat of substitutes
    3.8.1.4. Threat of new entrants
    3.8.1.5. Competitive rivalry
  3.8.2. PESTEL Analysis
    3.8.2.1. Political Landscape
    3.8.2.2. Economic Landscape
    3.8.2.3. Social Landscape
    3.8.2.4. Technological Landscape
    3.8.2.5. Environmental Landscape
    3.8.2.6. Legal Landscape

CHAPTER 4. ADVANCED BATTERY MARKET PRODUCT OUTLOOK

4.1. Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Revenue, USD Billion)
4.2. Lithium Ion Polymer Battery
  4.2.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Billion)
4.3. Sodium Sulfur Battery
  4.3.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Billion)
4.4. Sodium Metal Halide Battery
  4.4.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Billion)
4.5. Advanced Lead Acid Battery
  4.5.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Billion)
4.6. Smart Nano Battery
  4.6.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Billion)
4.7. Others
  4.7.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Billion)

CHAPTER 5. ADVANCED BATTERY MARKET APPLICATION OUTLOOK

5.1. Market Size Estimates & Forecasts and Trend Analysis, 2016 - 2027 (Revenue, USD Billion)
5.2. Consumer Electronics
  5.2.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Billion)
5.3. Automotive Battery
  5.3.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Billion)
5.4. Energy Storage Systems
  5.4.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Billion)
5.5. Industrial Battery
  5.5.1. Market estimates and forecasts by region, 2016 - 2027 (Revenue, USD Billion)

CHAPTER 6. ADVANCED BATTERY MARKET REGIONAL OUTLOOK

6.1. Advanced battery Market, By Region, 2019 & 2027
6.2. North America
  6.2.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
  6.2.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.2.3. The U.S.
    6.2.3.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.2.3.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.2.4. Canada
    6.2.4.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.2.4.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.2.5. Mexico
    6.2.5.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.2.5.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
5.3. Europe
  6.3.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
  6.3.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.3.3. Germany
    6.3.3.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.3.3.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.3.4. Russia
    6.3.4.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.3.4.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.3.5. The U.K.
    6.3.5.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.3.5.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.3.6. Spain
    5.3.6.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.3.6.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.3.7. Italy
    6.3.7.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.3.7.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.3.8. France
    6.3.8.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.3.8.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
6.4. Asia Pacific
  6.4.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
  6.4.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.4.3. China
    6.4.3.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.4.3.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.4.4. Japan
    6.4.4.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.4.4.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.4.5. South Korea
    6.4.5.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.4.5.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.4.6. India
    6.4.6.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.4.6.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.4.7. Australia
    6.4.7.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.4.7.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
6.5. Central and South America
  6.5.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
  6.5.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.5.3. Brazil
    6.5.3.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.5.3.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.5.4. Colombia
    6.5.4.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.5.4.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.5.5. Paraguay
    6.5.5.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.5.5.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
6.6. MEA
  6.6.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
  6.6.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.6.3. Saudi Arabia
    6.6.3.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.6.3.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.6.4. UAE
    6.6.4.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.6.4.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.6.5. South Africa
    6.6.5.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.6.5.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)
  6.6.6. Egypt
    6.6.6.1. Market estimates and forecasts by product, 2016 - 2027 (Revenue, USD Billion)
    6.6.6.2. Market estimates and forecasts by application, 2016 - 2027 (Revenue, USD Billion)

CHAPTER 7. COMPETITIVE ANALYSIS

7.1. Key Global Players & Recent Developments & Their Impact On The Industry
7.2. Vendor Landscape
7.3. Company Market Position Analysis

CHAPTER 8. COMPANY PROFILES

8.1. GS Yuasa Corporation
  8.1.1. Company Overview
  8.1.2. Financial performance
  8.1.3. Flywheel Type benchmarking
  8.1.4. Strategic Initiatives
8.2. Pathion Inc.
  8.2.1. Company Overview
  8.2.2. Financial Performance
  8.2.3. Product Benchmarking
  8.2.4. Strategic Initiatives
8.3. PolyPlus Battery Company Inc.
  8.3.1. Company Overview
  8.3.2. Financial Performance
  8.3.3. Product Benchmarking
  8.3.4. Strategic Initiatives
8.4. Oxis Energy Ltd
  8.4.1. Company Overview
  8.4.2. Financial Performance
  8.4.3. Product Benchmarking
  8.4.4. Strategic Initiatives
8.5. Samsung SDI Co. Ltd.
  8.5.1. Company Overview
  8.5.2. Financial Performance
  8.5.3. Product Benchmarking
  8.5.4. Strategic Initiatives
8.6. Sion Power Corporation
  8.6.1. Company Overview
  8.6.2. Financial Performance
  8.6.3. Product Benchmarking
  8.6.4. Strategic Initiatives
8.7. LG Chem Ltd
  8.7.1. Company Overview
  8.7.2. Financial Performance
  8.7.3. Product Benchmarking
  8.7.4. Strategic Initiatives
8.8. Saft Groupe SA
  8.8.1. Company Overview
  8.8.2. Financial Performance
  8.8.3. Product Benchmarking
  8.8.4. Strategic Initiatives
8.9. Siemens
  8.9.1. Company Overview
  8.9.2. Financial Performance
  8.9.3. Product Benchmarking
  8.9.4. Strategic Initiatives
8.10. Enerdel, Inc.
  8.10.1. Company Overview
  8.10.2. Financial Performance
  8.10.3. Product Benchmarking
  8.10.4. Strategic Initiatives
LIST OF TABLES

1. Global Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
2. Global Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
3. Global Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
4. North America Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
5. North America Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
6. North America Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
7. The U.S. Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
8. The U.S. Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
9. The U.S. Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
10. Canada Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
11. Canada Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
12. Canada Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
13. Mexico Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
14. Mexico Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
15. Mexico Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
16. Europe Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
17. Europe Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
18. Europe Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
19. Germany Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
20. Germany Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
21. Germany Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
22. Russia Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
23. Russia Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
24. Russia Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
25. THE U.K. Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
26. THE U.K. Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
27. THE U.K. Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
28. Spain Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
29. Spain Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
30. Spain Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
31. Italy Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
32. Italy Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
33. Italy Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
34. France Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
35. France Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
36. France Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
37. Asia Pacific Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
38. Asia Pacific Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
39. Asia Pacific Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
40. China Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
41. China Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
42. China Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
43. Japan Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
44. Japan Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
45. Japan Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
46. South Korea Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
47. South Korea Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
48. South Korea Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
49. India Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
50. India Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
51. India Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
52. Australia Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
53. Australia Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
54. Australia Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
55. Central & South America Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
56. Central & South America Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
57. Central & South America Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
58. Brazil Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
59. Brazil Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
60. Brazil Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
61. Colombia Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
62. Colombia Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
63. Colombia Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
64. Paraguay Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
65. Paraguay Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
66. Paraguay Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
67. Middle East & Africa Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
68. Middle East & Africa Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
69. Middle East & Africa Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
70. Saudi Arabia Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
71. Saudi Arabia Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
72. Saudi Arabia Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
73. UAE Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
74. UAE Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
75. UAE Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
76. South Africa Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
77. South Africa Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
78. South Africa Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)
79. Egypt Advanced battery market estimates and forecast, 2016 - 2027 (USD Billion)
80. Egypt Advanced battery market estimates and forecast, by Product, 2016 - 2027 (USD Billion)
81. Egypt Advanced battery market estimates and forecast, by Application, 2016 - 2027 (USD Billion)


LIST OF FIGURES

1. Market segmentation & scope
2. Market segmentation & scope
3. Advanced battery value chain analysis
4. Advanced battery market dynamics
5. Marker driver impact analysis
6. Market restraint impact analysis
7. PORTER’S analysis: Advanced battery market
8. PESTEL Analysis: Advanced battery market
9 Advanced battery market: Product movement analysis, 2019 & 2027
10. Advanced battery market: Product movement analysis, 2019 & 2027
11. Advanced battery market: Regional movement analysis, 2019 & 2027
12. Advanced battery market: Company market share analysis, 2019


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