Solid State Battery Market By Application (Consumer and Portable Electronics, Electric Vehicle, Energy Harvesting, Wearable and Medical Devices, Others), By Type (Portable, Thin Film), By Capacity (Less than 20 mAh, 20 mAh to 500 mAh, More than 500 mAh): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global solid-state battery market was valued at $0.5 billion in 2020, and is projected to reach $3.4 billion by 2030, growing at a CAGR of 18.0% from 2021 to 2030.
Solid-state battery is a technology, which utilizes solid electrodes and solid electrolytes as an alternative to liquid or polymer electrolytes found in lithium-ion or lithium-polymer batteries. This technology serves as one of the leading alternatives for conventional lithium-ion battery technology. Solid-state batteries have found their application in radio-frequency identification (RFID), pacemakers, and wearable devices. In addition, smaller and lighter solid-state batteries are expected to be a breakthrough for the electric vehicle industry. Electric cars and wearable technology require improved batteries compared to current lithium-ion battery technology, due to the fact that lithium-ion batteries are sensitive to high temperature and have safety concerns related to exploding when overcharged and discharged.
Increase in application of solid-state batteries in healthcare, wearable, and drone’s sectors is drives the growth of the global solid-state batteries market. In addition, surge in need for solid-state batteries in electric vehicles plays an important role in driving the growth of the market. However, complex manufacturing process and high cost of solid-state batteries restrain the market growth during the forecast period. Conversely, technological advancements in manufacturing of solid-state batteries along with increase in demand for electric vehicles is expected to create potential growth opportunity for key players operating in this market.
The global solid state battery market is segmented on the basis of type, capacity, application, and region. On the basis of type, it is divided into thin film and portable battery. By capacity, it is categorized into less than 20 mAh, between 20 mAh & 500 mAh, and 500 mAh & above capacity batteries. Depending on application, it is fragmented into consumer & portable electronics, electric vehicle, energy harvesting, entertainment, wearable & medical devices, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
The report includes in-depth analysis of different segments and provides market estimations between 2021 and 2030.
A comprehensive analysis of the factors that drive and restrict the growth of the global solid state battery market is provided.
Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
Estimations and forecast are based on factors impacting the global solid state battery market growth, in terms of value.
Key market players are profiled to gain an understanding of the strategies adopted by them.
This report provides a detailed analysis of the current trends and future estimations from 2021 to 2030, which helps identify the prevailing market opportunities.
Key Market Segments
By Application
Consumer and Portable Electronics
Electric Vehicle
Energy Harvesting
Wearable and Medical Devices
Others
By Type
Portable
Thin Film
By Capacity
Less than 20 mAh
20 mAh to 500 mAh
More than 500 mAh
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
South Africa,
Saudi Arabia
Rest of LAMEA
Key Market Players
SK Innovation Co., Ltd.
STMicroelectronics
TotalEnergies
Store Dot
QuantumScape Corpoation
Solid Power Inc
Factorial Inc
Ganfeng Lithium Co., Ltd
Ilika
Prieto Battery
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook