Global Advanced Battery Market Size & Outlook, 2019-2027
Global advanced battery market, 2016-2027 (US$M)
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Global advanced battery market highlights
- The global advanced battery market generated a revenue of USD 65,817.1 million in 2019 and is expected to reach USD 121,380.0 million by 2027.
- The market is expected to grow at a CAGR (2020 - 2027) of 8% by 2027.
- In terms of segment, lithium ion polymer battery accounted for a revenue of USD 11,749.9 million in 2019.
- Sodium Sulfur Battery is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2019.
- Country-wise, China is expected to register the highest CAGR from 2020 to 2027.
Global data book summary
| Market revenue in 2019 | USD 65,817.1 million |
| Market revenue in 2027 | USD 121,380.0 million |
| Growth rate | 8% (CAGR from 2019 to 2027) |
| Largest segment | Lithium ion polymer battery |
| Fastest growing segment | Sodium Sulfur Battery |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium Ion Polymer Battery, Sodium Sulfur Battery, Sodium Metal Halide Battery, Advanced Lead Acid Battery, Smart Nano Battery |
Other key industry trends
- In terms of revenue, the North America accounted for 25.4% of the global advanced battery market in 2019.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2027.
- By country, China is the fastest growing regional market and is projected to reach USD 7,600.6 million by 2027.
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Advanced Battery Market Scope
Advanced Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global advanced battery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced battery market will help companies and investors design strategic landscapes.
Lithium ion polymer battery was the largest segment with a revenue share of 17.85% in 2019. Horizon Databook has segmented the Global advanced battery market based on lithium ion polymer battery, sodium sulfur battery, sodium metal halide battery, advanced lead acid battery, smart nano battery covering the revenue growth of each sub-segment from 2016 to 2027.
- Global Advanced Battery Product Outlook (Revenue, USD Million, 2016-2027)
- Lithium Ion Polymer Battery
- Sodium Sulfur Battery
- Sodium Metal Halide Battery
- Advanced Lead Acid Battery
- Smart Nano Battery
- Others
- Global Advanced Battery Application Outlook (Revenue, USD Million, 2016-2027)
- Consumer Electronics
- Automotive Battery
- Energy Storage Systems
- Industrial Battery
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Our clientele includes a mix of advanced battery market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global advanced battery market , including forecasts for subscribers. This global databook contains high-level insights into Global advanced battery market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
Partial client list
Global advanced battery market size, by regions, 2016-2027 (US$M)
Top 10 countries: Advanced battery market size, 2019 (US$M)
Global advanced battery market share, by product, 2019 & 2027 (%, US$M)
Advanced battery market: Opportunity assessment by country
Global advanced battery market, by region, 2019 (US$M)
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