Next Generation Liquid Metal Battery Market to Register 11.2% CAGR and Hit USD 6,700 MN till 2027

In 2020, the global Next Generation Liquid Metal Battery market produced a revenue of around USD 3,500 million and anticipated to grow at a CAGR of over 11.2% during the forecast period from 2021 to 2027 to reach around USD 6,700 million in 2027.

Three liquid layers serve as electroactive components in the liquid metal battery. The development of a liquid metal battery is a novel approach to solving grid-scale electricity storage problems. With the capacities of liquid metal batteries, the integration of renewable energy into the power grid can be increased.

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Key Trends in Global Next Generation Liquid Metal Battery Market

Increased number of Data Center Infrastructure  

Data centers have a high demand for battery capacity. Power outages and discrepancies in data centers may be critical. As a result, next generation liquid metal batteries are mostly used to meet the backup power requirements of this industry. In addition, the majority of UPS systems in use in the industry are next generation liquid metal battery systems. As a result, this industry uses a large amount of this type of battery.

The construction of data centers is expected to be in high demand in the near future. With the increasing generation of data, data handling capacity is expected to expand in the coming years. Since data centers depend on next generation liquid metal batteries, demand is expected to rise.

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Global Next Generation Liquid Metal Battery Market by Type

Mg-Sb Battery, Pb-Sb Battery and Na-S Battery are some of the major types of Next Generation Liquid Metal Battery. Mg-Sb segment accounted for the largest share in 2020 of the Next Generation Liquid Metal Battery market in 2020.

Global Next Generation Liquid Metal Battery Market by Application Insights

Based on application, global next generation liquid metal battery market is divided into Portable Devices, Power Grids and Fuel Vehicles. Fuel Vehicles accounted for the largest share of the Next Generation Liquid Metal Battery market in 2020.

Global Next Generation Liquid Metal Battery Market by Regional Insights

Asia-Pacific led the global market as it comprises developing countries with better energy storage solution and low cost. The major consumers of this industry are transportation sector, industrial and commercial & residential sectors. The countries in these regions have tremendous growth opportunities.

North America, on the other hand, is expected to rise dramatically as the metal is increasingly used in car bodies instead of aluminum and steel. Countries such as the United Kingdom, France, and Germany will contribute to growth in Europe, which would be driven by the urgent need to reduce carbon emissions and vehicle weight.

Global Next Generation Liquid Metal Battery Market Competitive Landscape

Most prominent players in the global Next Generation Liquid Metal Battery market Ambri Inc., Alliance Magnesium Inc. (Canada), Pellion Technologies Inc., Chaowei Power (China), Aquion Energy, Inc., Panasonic (Japan), NorthStar (Sweden), NIPPON KINZOKU CO., LTD. (Japan), Latrobe Magnesium (Australia), Hitachi Chemical (Japan), Narada Power (China), HBL Power Systems (India), Exide Technologies (US), Teledyne Technologies (US), East Penn (US), Crown Battery (US), and EnerVault. All prominent players are covered here and their detailed profiles are presented.

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DoC: https://issuu.com/robsonspot/docs/next_generation_liquid_metal_battery_market.docx

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