Global Next Generation Batteries market is expected to grow at 9 % to reach in forecast period.
Major Players brightening in the market are GS Yuasa, Samsung, GM, Hitachi, TESLA, BYD, Panasonic, Sion Power and Seeo.
Looking to overcome the problem of unstable silicon in lithium-ion batteries, researchers at University of Eastern Finland have developed a method to produce a hybrid anode, using mesoporous silicon micro particles and carbon nanotubes. Ultimately the aim is to replace graphite as the anode in batteries and use silicon, which has ten times the capacity. Using this hybrid material improves the performance of the battery, while the silicon material is sustainably produced from barley husk ash. Further Researchers at the University of Texas have developed a lithium-ion battery that doesn't use cobalt for its cathode. Instead it switched to a high percentage of nickel (89 per cent) using manganese and aluminum for the other ingredients. They have overcome common problems with this solution, ensuring good battery life and an even distribution of ions.
Global next generation batteries market is anticipated to witness healthy growth in the coming years on account of the rising market of electric vehicles, rising focus on clean energy, and improving economics of battery storage system. Also, substantial growth of electronic gadgets is expected to drive the next generation battery market over the forecast period (2020-2027).
April 2020-BYD Company Ltd. (BYD) and Hino Motors, Ltd. (Hino) signed a strategic business alliance agreement today with a focus on collaborating in commercial battery electric vehicles (BEVs) development. The two companies will accelerate the development of commercial BEVs to provide the best-fit product for customers in a timely manner. To begin with, the two companies will collaborate on a development of BEV products. Sept 2020 Global clean energy giant BYD recently began operations at its third plant in Brazil, which is also the South American country's very first factory for lithium iron phosphate batteries, at the Manaus Industrial Zone (PIM). The manufacturing plant, located in the northern state of Amazonas, is dedicated to the production of lithium iron phosphate (LiFePO4) batteries, and is primarily focused on installing these onto electric bus chassis.
Feb 2020-GS Yuasa launched of its SNS-TN series of valve-regulated stationary lead-acid batteries. SNS-TN series batteries’ enhanced durability makes them ideal for applications with a high discharge frequency as well as for applications requiring the float charge*1 feature delivered by GS Yuasa’s previous long-life MSE batteries in the original SNS series. The SNS-TN series batteries have the same shape as the previous MSE/SNS series and therefore can replace batteries of the previous series. In addition, similar to the previous series, the new SNS-TN series’ has a broad range of rated capacities, from 50Ah to 500Ah (10HR), which enables various combinations to meet a wide range of needs.
Global Next Generation Batteries Market Segmentation, By Type splits into Li-Ion Batteries, Ni-Cd Batteries, Lithium Sulfur, Magnesium Ion, Solid Electrodes and Metal Air. By Application divided into Automotive, Transportation, Oil and gas, Aerospace and defense and Industrial. Region wise it splits into Asia-Pacific, Europe, North America and row. Asia-Pacific to Dominate the Market due to the growing demand for portable devices, such as mobile phones, portable chargers, watch, and cameras, are boosting the demand for lithium batteries in the region. Local battery suppliers are aggressively expanding their capacities as the demand increases. Increase in battery capacity of China is primarily due to government subsidies.