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Next Generation Battery Market: high use of lithium ions in next generation of electric cars

Press Release   •   Oct 26, 2016 06:09 EDT

The next generation batteries are more reliable, powerful and long lasting batteries that are currently used for various end user applications. Next gen car is the major end user of these batteries for powering and working of the car. There is high scope for the Next Generation Battery Market in various regions across the globe during 2016-2021.

Scope and Regional Forecast of the Next Generation Battery Market:

According to the IndustryARC research analysis studies on the Next Generation Battery Market, companies are investing huge capital for R&D purpose for developing the batteries with high performance and quality during 2016-2021.

North America is one of the leading regions in the Next Generation Battery Market with many companies investing in this market. Lithium ion batteries are the largest segment holding type as per IndustryARC analysis of this market during 2016-2021.

Europe and Asia Pacific are expected to healthy growth in the Next Generation Battery Market. With increasing demand for electric vehicles in these regions, there is huge scope for next gen batteries in automotive and Grid-tied stationary energy storage applications during 2016-2021.

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The Next Generation Battery Market is a high potential market with many applications of next generation battery technology for next generation electric cars and other energy uses in various regions across the globe. This market is anticipated to have high growth due to increasing expenditure for R&D of next generation storage technology with long battery life by electric battery companies, growth in demand for next generation of batteries with better battery performance for next generation of electric cars and high scope for air battery and nickel zinc battery in various regions across the globe during 2016-2021.

Segmentation and Key Players of the Next Generation Battery Market:

The Next Generation Battery Market is segmented into various categories in the IndustryARC marketing research report by type, by application and by geography as follows:

By type: Lithium-ion (Advanced Li-ion, Lithium Sulfur and Lithium Solid-state), Advanced Lead-Acid Batteries, Molten Salt Batteries, Flow batteries and others

By application: Transportation, Stationary Energy Storage and others

By geography: North America, South America, Europe, Asia Pacific and ROW

The key players in the Next Generation Battery Market according to the IndustryARC research report are as follows:

  • Lockheed Martin
  • NOHMs Technologies
  • OXIS Energy
  • Sion Power
  • Solid Power

There is high demand for high power batteries for next gen electric car technology and for powering next generation cars across the globe during 2016-2021.

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