Global next-generation battery market to reach $3.4 billion in 2033 with a CAGR of 7.2%: Allied Market Research Page 1

The increasing adoption of sustainable energy solutions and the growing demand for efficient and high-performance energy storage systems are synergistically driving the demand for next-generation batteries. As the global energy industry increasingly prioritizes environmental stewardship, there is a growing need for alternatives to traditional energy storage technologies with high environmental impact, such as sodium-ion and conventional lithium-ion batteries.

WILMINGTON, Del., August 26, 2024 /PRNewswire/ — Allied Market Research has published a report titled: “Next Generation Battery Market By Battery Type (Lithium-ion, Sodium-ion, Graphene Battery, Flow Battery, Metal-air Battery, Zinc-ion Battery and Others), Application (Electric Vehicles, Consumer Electronics, Renewable and Uninterruptible Power Supply (UPS), Data Centers and Telecommunications, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033According to the report, the next-generation battery market was valued at $1.7 billion in 2023, and is expected to $3.4 billion by 2033, with a CAGR of 7.2% from 2024 to 2033.