The report, now available on ASDReports, recognizes the following companies as the key players in the global next-generation battery market for transportation industry: OXIS Energy, PolyPlus, Sakti3, Seeo, Sion Power, and The Furukawa Battery.
Commenting on the report, an analyst said: “One trend in the market is increase in nanotechnology next-generation battery market. The growing nanotechnology next-generation battery market will drive the growth of the next-generation battery market for transportation industry. Nanotechnology-enabled batteries are still gaining popularity in the market.”
According to the report, one driver in the market is need for improved drone flying time. To ensure longer runtime and provide optimum performance, drone manufacturers are focusing on new battery technologies that can maintain a balance between weight, performance, and energy consumption.
Further, the report states that one challenge in the market is lead pollution and stringent laws. The demand for lead-acid batteries has increased due to the growth of the automotive and other industrial sectors and rise in the battery energy storage applications for HEVs and renewable power generation.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.