Global advanced chemistry cells market is anticipated to show a robust growth in the forecast period, 2022-2027 on the account of rising awareness among the countries and the government for clean energy usage. Also, the market is expanding due to growing energy storage sector. Moreover, electric vehicles are largest industry that employ advanced chemistry cells. Rising demand for electric vehicles and advancing technology are the main factor driving the growth of the global advanced chemistry cell market in the upcoming five years. Modernization and urbanization have inclined the population toward excessive usage of smart electronic gadgets, that is serving as the major growth factor for the upcoming market. Other factors may include, expanding renewable energy infrastructure, longer lifespan of cells, and its advantage of efficiently incorporated into an electricity grid to store energy. Due to recent event of pandemic, the market experienced a complete shutdown of manufacturing unit, though improving technological advancement in the advanced batteries and storage units, may support the growth of the market in the next five years.
The global advanced chemistry cell market is segmented on the basis of product, end user, competitional landscape, and regional distribution. Based on product, the market is further segmented into lithium ion polymer battery, sodium sulfur battery, sodium metal halide battery, advanced lead acid battery, smart nano battery, and others. Lithium-ion batteries are anticipated to generate the maximum revenue shares of the market and therefore assert its dominance over other segments of the market in the forecast years. The market growth can be attributed to excessive usage of lithium-ion batteries in electronic devices including consumer electronics, smart electronics, etc. Lithium-ion polymer batteries have various advantages like high-power density, efficient performance, and compact size. Owing to the extended advantages and their wide applications, the batteries are expected to dominate the market in the future five years. Sodium sulfur batteries are anticipated to register its growth with fastest growing CAGR on the account of its advantages during renewable energy power generation. The possibility of large-scale stationary storage is another aiding factor for its rapid growth in the forecast period.
Holding the major shares of the global advanced chemistry cell market are GS Yuasa Corporation, Pathion Inc., PolyPlus Battery Company Inc., Oxis Energy Ltd, Samsung SDI Co. Ltd., Sion Power Corporation, LG Chem Ltd, Saft Groupe SA, Siemens AG, Enerdel, Inc., among others. Market players are actively involved in the research and technological development in the energy storage solutions.
Objective of the Study
- To analyze the historical
growth of the market size of global advanced chemistry cell market from 2017
to 2020.
- To estimate and forecast the market size of global
advanced chemistry cell market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global advanced chemistry cell market
based on
product, end user, competitional landscape, and regional distribution.
- To identify dominant region or segment in the
global advanced chemistry cell market.
- To identify drivers and challenges for global advanced
chemistry cell market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in
global advanced chemistry cell market.
- To identify and analyze
the profile of leading players operating in global advanced
chemistry cell market.
- To identify key sustainable strategies adopted
by market players in global advanced chemistry cell market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers, suppliers, and distributors across the country. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufactures which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufactures, distribution channels and presence of all major players across the country.
Market insights research calculated the market size of global advanced chemistry cell market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. Market insights research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Market insights research.
Key Target Audience
- Manufacturers, end users, and other stakeholders
- Distributers and suppliers of products and other stakeholders
- Organizations, forums, and alliances related to Advanced Chemistry
Cell
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Product
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End User
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Regional scope
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North America; Europe; Asia Pacific; South America; Middle
East & Africa
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Country scope
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United States, Mexico, Canada, China, India, Japan, South
Korea, Australia, Germany, France, United Kingdom, Spain, Italy, South
Africa, UAE, Saudi Arabia, Kuwait; Brazil, Argentina, Colombia
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Key companies profiled
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GS Yuasa Corporation, Pathion Inc., PolyPlus Battery Company
Inc., Oxis Energy Ltd, Samsung SDI Co. Ltd., Sion Power Corporation, LG Chem
Ltd, Saft Groupe SA, Siemens AG, Enerdel, Inc..
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase
options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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