World Next-generation Battery Market: 71.2% CAGR to 2020

ReportsnReports.com adds Global Next-generation Battery Market 2016-2020 latest research report; the analysts forecast global next-generation battery market to grow at a CAGR of 71.2% during the period 2016-2020.

December 22, 2016 /MarketersMedia/ —

The global next-generation battery market analyst says the latest trend gaining momentum in the market is reducing GHG emissions and promoting cleaner energy in order to slow climate change. A great effort has been put in to reduce the energy consumption across the world. This has been done by making facilities more efficient through the energy management systems. In addition, the effort has also been directed to reduce the dependency on fossil fuels as it is one of the major contributors to emissions.

Complete report on next-generation battery market spread across 74 pages, analyzing 5 major companies and providing 58 data exhibits are now available at http://www.reportsnreports.com/reports/788312-global-next-generation-battery-market-2016-2020.html

According to the next-generation battery market report, one of the major drivers for this market is growing investments in renewable energy production. Energy insecurities have led governments worldwide to focus on the alternate sources of power for the future. The rising concerns of carbon emission from power plants have made the utilities to switch to gas powered plants and renewable source for electricity generation. A significant amount has been invested in the renewable sources for cleaner power generation, which has increased the year-over-year renewable installed capacity.

The following companies are the key players in the global next-generation battery market: Sion Power, Seeo, OXIS Energy, Fluidic Energy, and GS Yuasa. Other prominent vendors in the market are: 24M, Ambri, Hitachi, TESLA, Samsung, Panasonic, Sakti3, Primus Power, EnerSys, AES Energy Storage, Alevo, BYD, and Samsung SDI. Order a copy of Global Next-generation Battery Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=788312

The transportation segment occupied the largest market share and dominated the global next-generation battery market. Countries globally are focusing on EVs as an energy-efficient alternative to fossil fuel-based vehicles. The global EV market is growing substantially worldwide due to the extended government support across countries. The global next-generation battery market by grid storage application is expected to grow at a CAGR of around 72% during the forecast period. The demand for grid energy storage has increased over the years owing to the high adoption of smart grid and growth in renewable energy production, especially in the wind and solar energy. The consumer electronics market has grown at a fast pace with rapid advances in technology. Some of the major markets for the consumer electronics include notebook PCs, laptops, cell phones, tablets, and digital cameras.

Global Next-Generation Battery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global next-generation battery market for 2016-2020. To calculate the market size, the report considers the revenues that are generated by the next-generation battery vendors in the market.

Further, the next-generation battery market report states that one of the major factors hindering the growth of this market is growing competition from alternative technologies. The battery market is a highly competitive one with many manufacturers, both local and international, facing stiff competition from both, the other battery manufacturers and also from alternative technologies such as the fuel cells for energy storage and for transportation. There are the other energy storage applications such as hydro storage and CAES. Besides, there is stiff competition from internal combustion engines and natural gas vehicles.

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