DUBLIN, July 6, 2022 /PRNewswire/ — The “Next Generation Advanced Batteries – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Next Generation Advanced Batteries Market to Reach $2.5 Billion by 2026
The global market for Next Generation Advanced Batteries estimated at US$137 Million in the year 2020, is projected to reach a size of US$2.5 Billion by 2026, growing at a CAGR of 60.5% over the analysis period.
The US Market is Estimated at $72.9 Million in 2021, While China is Forecast to Reach $367.6 Million by 2026
The Next Generation Advanced Batteries market in the US is estimated at US$72.9 Million in the year 2021. The country currently accounts for a 33.96% share in the global market. Chinathe world second largest economy, is forecast to reach an estimated market size of US$367.6 Million in the year 2026 trailing a CAGR of 71.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canadaeach forecast to grow at 50.7% and 57.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 57% CAGR while Rest of European market (as defined in the study) will reach US$571.3 Million by the close of the analysis period.
The need for batteries that can be recharged quickly is growing at an unprecedented rate leading to the development and production of highly advanced batteries that are inevitable for …