The next generation batteries market size has grown strongly in recent years. It will grow from $4.73 billion in 2024 to $5.02 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth observed in the historic period is attributed to the rising adoption of electric vehicles, increased integration of renewable energy, growing demand for consumer electronics, escalating energy storage requirements, and the implementation of government sustainability policies.
The next generation batteries market size is expected to see strong growth in the next few years. It will grow to $6.33 billion in 2029 at a compound annual growth rate (CAGR) of 6%. The projected growth in the forecast period is attributed to the expansion of grid modernization efforts, increased investment in research and development, higher demand for fast charging solutions, heightened concerns over carbon emissions, and the growing use of wearable technology. Key trends expected during the forecast period include progress in solid-state battery technology, adoption of dual carbon batteries, technological advancements in lithium-sulfur batteries, improvements in sodium-ion battery technology, and the emergence of quantum battery integration.
Rising demand for electric vehicles is expected to drive the growth of the next generation batteries market in the coming years. Electric vehicles (EVs) are automobiles powered wholly or partly by electricity, typically using batteries instead of traditional internal combustion engines. This increasing demand is largely fueled by economic advantages, as EVs offer lower operating costs, making them a cost-effective choice for consumers in the long run. Next-generation batteries, such as solid-state and lithium-sulfur types, improve EV performance by providing higher energy density, faster charging capabilities, longer lifespans, and greater safety, enhancing overall practicality and efficiency. For example, in April 2025, the European Automobile Manufacturers Association reported that battery-electric car sales rose by 23.9% in the first quarter of 2025, reaching 412,997 units and accounting for 15.2% of the EU market share. As a result, growing EV demand is contributing significantly to the expansion of the next generation batteries market.
Major companies in the next generation batteries market are prioritizing the development of advanced technologies such as EV battery systems to tackle challenges such as charging duration, energy capacity, and cost efficiency. EV battery systems are integrated power storage units that supply electricity to a vehicle’s motor, enabling propulsion and enhancing overall vehicle performance. For instance, in March 2025, BYD Auto Co. Ltd., a China-based automotive company, introduced the Next-Gen EV Battery System capable of delivering up to 400 km of driving range in just five minutes of charging. This groundbreaking system operates at 1,000 volts and offers ultra-fast charging speeds of up to 1,000 kW, using advanced lithium iron phosphate (LFP) technology. With its sophisticated thermal and battery management systems, this innovation allows models such as the BYD Han L and Tang L to recharge quickly and safely, drastically reducing downtime and improving user convenience.
In April 2024, Arkema S.A., a France-based adhesives manufacturer, acquired Proionic for an undisclosed sum. Through this acquisition, Arkema seeks to enhance its advanced battery materials portfolio by leveraging Proionic’s expertise in ionic liquids, which contribute to increased energy density, safety, and sustainability in next-generation batteries. Additionally, the acquisition supports Arkema’s growth in biomass processing and metal treatment, reinforcing its leadership in the advanced battery solutions sector. Proionic, based in Austria, specializes in the development and production of ionic liquids, which are critical components in the advancement of lithium-ion battery technology.
Major players in the next generation batteries market are Toyota Motor Corporation, Volkswagen AG, Samsung Electronics Co. Ltd., Ford Motor Company, General Motors Company, Bayerische Motoren Werke, Honda Motor Co. Ltd., Panasonic Holdings Corporation, LG Energy Solution Ltd., QuantumScape Corporation, SK On Co. Ltd., Build Your Dreams, ProLogium Technology Co. Ltd., Northvolt AB, Natron Energy Inc., ZincFive Inc., StoreDot Ltd., Factorial Energy Inc., Sion Power, Amprius Technologies Inc., Enovix Corporation, Showa Denko Materials, Blue Current Inc., and Solid Power Inc.
Asia-Pacific was the largest region in the next generation batteries market in 2024. The regions covered in next generation batteries report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the next generation batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Next-generation batteries are advanced energy storage systems developed to surpass the limitations of conventional lithium-ion batteries by enhancing energy density, safety, affordability, sustainability, and longevity. These batteries utilize innovative materials, new chemical compositions, and unique structural designs to boost performance and tackle the environmental and resource-related issues of current technologies.
The primary types of next-generation batteries include lithium-sulfur, sodium-ion, solid-state, aluminum-ion, and flow batteries. Lithium-sulfur (Li-S) batteries, in particular, are rechargeable and feature sulfur as the cathode and lithium as the anode. They come in several formats, including cylindrical, prismatic, pouch, stacked, and flexible types. These batteries serve a wide range of applications, such as electric vehicles (EVs), consumer electronics, grid energy storage, industrial machinery, and portable power tools. End users span across industries such as aerospace and defense, automotive, telecommunications, healthcare, and consumer electronics manufacturing.
The next generation batteries market research report is one of a series of new reports that provides next generation batteries market statistics, including next generation batteries industry global market size, regional shares, competitors with a next generation batteries market share, detailed next generation batteries market segments, market trends and opportunities, and any further data you may need to thrive in the next generation batteries industry. This next generation batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The next generation batteries market consists of sales of battery packs or modules, portable energy storage devices, and smart battery systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The next generation batteries market size is expected to see strong growth in the next few years. It will grow to $6.33 billion in 2029 at a compound annual growth rate (CAGR) of 6%. The projected growth in the forecast period is attributed to the expansion of grid modernization efforts, increased investment in research and development, higher demand for fast charging solutions, heightened concerns over carbon emissions, and the growing use of wearable technology. Key trends expected during the forecast period include progress in solid-state battery technology, adoption of dual carbon batteries, technological advancements in lithium-sulfur batteries, improvements in sodium-ion battery technology, and the emergence of quantum battery integration.
Rising demand for electric vehicles is expected to drive the growth of the next generation batteries market in the coming years. Electric vehicles (EVs) are automobiles powered wholly or partly by electricity, typically using batteries instead of traditional internal combustion engines. This increasing demand is largely fueled by economic advantages, as EVs offer lower operating costs, making them a cost-effective choice for consumers in the long run. Next-generation batteries, such as solid-state and lithium-sulfur types, improve EV performance by providing higher energy density, faster charging capabilities, longer lifespans, and greater safety, enhancing overall practicality and efficiency. For example, in April 2025, the European Automobile Manufacturers Association reported that battery-electric car sales rose by 23.9% in the first quarter of 2025, reaching 412,997 units and accounting for 15.2% of the EU market share. As a result, growing EV demand is contributing significantly to the expansion of the next generation batteries market.
Major companies in the next generation batteries market are prioritizing the development of advanced technologies such as EV battery systems to tackle challenges such as charging duration, energy capacity, and cost efficiency. EV battery systems are integrated power storage units that supply electricity to a vehicle’s motor, enabling propulsion and enhancing overall vehicle performance. For instance, in March 2025, BYD Auto Co. Ltd., a China-based automotive company, introduced the Next-Gen EV Battery System capable of delivering up to 400 km of driving range in just five minutes of charging. This groundbreaking system operates at 1,000 volts and offers ultra-fast charging speeds of up to 1,000 kW, using advanced lithium iron phosphate (LFP) technology. With its sophisticated thermal and battery management systems, this innovation allows models such as the BYD Han L and Tang L to recharge quickly and safely, drastically reducing downtime and improving user convenience.
In April 2024, Arkema S.A., a France-based adhesives manufacturer, acquired Proionic for an undisclosed sum. Through this acquisition, Arkema seeks to enhance its advanced battery materials portfolio by leveraging Proionic’s expertise in ionic liquids, which contribute to increased energy density, safety, and sustainability in next-generation batteries. Additionally, the acquisition supports Arkema’s growth in biomass processing and metal treatment, reinforcing its leadership in the advanced battery solutions sector. Proionic, based in Austria, specializes in the development and production of ionic liquids, which are critical components in the advancement of lithium-ion battery technology.
Major players in the next generation batteries market are Toyota Motor Corporation, Volkswagen AG, Samsung Electronics Co. Ltd., Ford Motor Company, General Motors Company, Bayerische Motoren Werke, Honda Motor Co. Ltd., Panasonic Holdings Corporation, LG Energy Solution Ltd., QuantumScape Corporation, SK On Co. Ltd., Build Your Dreams, ProLogium Technology Co. Ltd., Northvolt AB, Natron Energy Inc., ZincFive Inc., StoreDot Ltd., Factorial Energy Inc., Sion Power, Amprius Technologies Inc., Enovix Corporation, Showa Denko Materials, Blue Current Inc., and Solid Power Inc.
Asia-Pacific was the largest region in the next generation batteries market in 2024. The regions covered in next generation batteries report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the next generation batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Next-generation batteries are advanced energy storage systems developed to surpass the limitations of conventional lithium-ion batteries by enhancing energy density, safety, affordability, sustainability, and longevity. These batteries utilize innovative materials, new chemical compositions, and unique structural designs to boost performance and tackle the environmental and resource-related issues of current technologies.
The primary types of next-generation batteries include lithium-sulfur, sodium-ion, solid-state, aluminum-ion, and flow batteries. Lithium-sulfur (Li-S) batteries, in particular, are rechargeable and feature sulfur as the cathode and lithium as the anode. They come in several formats, including cylindrical, prismatic, pouch, stacked, and flexible types. These batteries serve a wide range of applications, such as electric vehicles (EVs), consumer electronics, grid energy storage, industrial machinery, and portable power tools. End users span across industries such as aerospace and defense, automotive, telecommunications, healthcare, and consumer electronics manufacturing.
The next generation batteries market research report is one of a series of new reports that provides next generation batteries market statistics, including next generation batteries industry global market size, regional shares, competitors with a next generation batteries market share, detailed next generation batteries market segments, market trends and opportunities, and any further data you may need to thrive in the next generation batteries industry. This next generation batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The next generation batteries market consists of sales of battery packs or modules, portable energy storage devices, and smart battery systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Next Generation Batteries Market Characteristics3. Next Generation Batteries Market Trends And Strategies4. Next Generation Batteries Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market32. Global Next Generation Batteries Market Competitive Benchmarking And Dashboard33. Key Mergers And Acquisitions In The Next Generation Batteries Market34. Recent Developments In The Next Generation Batteries Market
5. Global Next Generation Batteries Growth Analysis And Strategic Analysis Framework
6. Next Generation Batteries Market Segmentation
7. Next Generation Batteries Market Regional And Country Analysis
8. Asia-Pacific Next Generation Batteries Market
9. China Next Generation Batteries Market
10. India Next Generation Batteries Market
11. Japan Next Generation Batteries Market
12. Australia Next Generation Batteries Market
13. Indonesia Next Generation Batteries Market
14. South Korea Next Generation Batteries Market
15. Western Europe Next Generation Batteries Market
16. UK Next Generation Batteries Market
17. Germany Next Generation Batteries Market
18. France Next Generation Batteries Market
19. Italy Next Generation Batteries Market
20. Spain Next Generation Batteries Market
21. Eastern Europe Next Generation Batteries Market
22. Russia Next Generation Batteries Market
23. North America Next Generation Batteries Market
24. USA Next Generation Batteries Market
25. Canada Next Generation Batteries Market
26. South America Next Generation Batteries Market
27. Brazil Next Generation Batteries Market
28. Middle East Next Generation Batteries Market
29. Africa Next Generation Batteries Market
30. Next Generation Batteries Market Competitive Landscape And Company Profiles
31. Next Generation Batteries Market Other Major And Innovative Companies
35. Next Generation Batteries Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Next Generation Batteries Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on next generation batteries market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for next generation batteries ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The next generation batteries market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Battery Type: Lithium-Sulfur Batteries; Sodium-Ion Batteries; Solid-State Batteries; Aluminum-Ion Batteries; Flow Batteries2) By Form Factor: Cylindrical Batteries; Prismatic Batteries; Pouch Batteries; Stacked Batteries; Flexible Batteries
3) By Application: Electric Vehicles (EVs); Consumer Electronics; Grid Energy Storage; Industrial Applications; Portable Power Tools
4) By End User: Aerospace And Defense; Automotive; Telecommunications; Healthcare; Consumer Electronics Manufacturers
Subsegments:
1) By Lithium-Sulfur Batteries: High-Energy Density Lithium-Sulfur Batteries; Flexible Lithium-Sulfur Batteries2) By Sodium-Ion Batteries: Sodium-Ion Batteries For Grid Storage; High-Capacity Sodium-Ion Batteries; Sodium-Ion Batteries For Consumer Electronics
3) By Solid-State Batteries: All-Solid-State Batteries; Thin-Film Solid-State Batteries
4) By Aluminum-Ion Batteries: Aluminum-Ion Batteries For Grid Storage; Lightweight Aluminum-Ion Batteries
5) By Flow Batteries: Vanadium Flow Batteries; Zinc-Bromine Flow Batteries; Iron-Chromium Flow Batteries; All-Vanadium Flow Batteries
Key Companies Profiled: Toyota Motor Corporation; Volkswagen AG; Samsung Electronics Co. Ltd.; Ford Motor Company; General Motors Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Toyota Motor Corporation
- Volkswagen AG
- Samsung Electronics Co. Ltd.
- Ford Motor Company
- General Motors Company
- Bayerische Motoren Werke
- Honda Motor Co. Ltd.
- Panasonic Holdings Corporation
- LG Energy Solution Ltd.
- QuantumScape Corporation
- SK On Co. Ltd.
- Build Your Dreams
- ProLogium Technology Co. Ltd.
- Northvolt AB
- Natron Energy Inc.
- ZincFive Inc.
- StoreDot Ltd.
- Factorial Energy Inc.
- Sion Power
- Amprius Technologies Inc.
- Enovix Corporation
- Showa Denko Materials
- Blue Current Inc.
- Solid Power Inc.