Solid State Batteries

Global Solid State Batteries Market to Reach US$9.8 Billion by 2030

The global market for Solid State Batteries estimated at US$1.9 Billion in the year 2024, is expected to reach US$9.8 Billion by 2030, growing at a CAGR of 32.0% over the analysis period 2024-2030. Portable, one of the segments analyzed in the report, is expected to record a 33.3% CAGR and reach US$8.2 Billion by the end of the analysis period. Growth in the Thin-Film segment is estimated at 26.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$467.4 Million While China is Forecast to Grow at 41.8% CAGR

The Solid State Batteries market in the U.S. is estimated at US$467.4 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.1 Billion by the year 2030 trailing a CAGR of 41.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 24.5% and 27.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 25.6% CAGR.

Global Solid State Batteries Market - Key Trends and Drivers Summarized

Solid State Batteries: Are They the Next Big Leap in Energy Storage Technology?

Solid state batteries are emerging as a revolutionary technology in the energy storage sector, offering higher energy density, enhanced safety, and longer lifespan compared to conventional lithium-ion batteries. Unlike liquid electrolyte batteries, solid state batteries use a solid electrolyte, which significantly reduces the risk of leakage, overheating, and thermal runaway, making them ideal for electric vehicles (EVs), portable electronics, and grid storage applications. With the growing demand for safer, more efficient, and high-capacity energy storage solutions, the adoption of solid state batteries is expanding across various sectors. The push for electrification in transportation, coupled with advancements in renewable energy integration, is further propelling the market for solid state batteries.

How Are Technological Innovations Driving the Solid State Battery Market?
Technological advancements in solid electrolytes, anode materials, and manufacturing processes are driving innovation in the solid state battery market, enabling the development of more efficient, scalable, and cost-effective solutions. The use of advanced materials such as sulfide, oxide, and polymer-based electrolytes is enhancing the ionic conductivity, stability, and compatibility of solid state batteries. Innovations in lithium metal and silicon-based anodes are further boosting energy density and charging speed, making solid state batteries more competitive with traditional batteries. Moreover, the emergence of flexible, thin-film, and hybrid solid state batteries is expanding their application scope in wearable devices, IoT solutions, and aerospace applications. These technological innovations are supporting the growth of the solid state battery market across diverse end-use markets.

Which Market Segments Are Leading the Growth of the Solid State Battery Industry?
Types of solid state batteries include thin-film batteries, bulk batteries, and hybrid batteries, with thin-film batteries holding the largest market share due to their use in compact, flexible, and portable electronic devices. Capacities of solid state batteries range from below 20 mAh to above 500 mAh, with the <20 mAh segment being the most popular for small-scale applications. Applications of solid state batteries span consumer electronics, electric vehicles, energy storage systems, and medical devices, with electric vehicles being the dominant segment due to the high demand for efficient, safe, and long-lasting batteries. Geographically, North America and Europe are the largest markets for solid state batteries, driven by strong research and development activities and government support for clean energy storage, while Asia-Pacific is expected to witness rapid growth due to rising investments in electric mobility and renewable energy.

What Are the Key Drivers of Growth in the Solid State Battery Market?
The growth in the solid state battery market is driven by several factors, including the rising adoption of electric vehicles, technological advancements in solid electrolytes and anode materials, and the increasing demand for safe, high-capacity energy storage solutions. The need to enhance energy density, reduce charging time, and improve battery safety is driving the demand for solid state batteries across various applications. Technological innovations in flexible, thin-film, and hybrid solid state batteries, coupled with advancements in lithium metal and silicon-based anodes, are enhancing the performance and scalability of solid state batteries, supporting market growth. The expansion of solid state battery applications in consumer electronics, grid storage, and medical devices, along with the growing emphasis on reducing carbon emissions and achieving energy independence, is creating new opportunities for market players. Additionally, the focus on developing cost-effective and scalable solid state battery manufacturing processes is further propelling the growth of the solid state battery market.

SCOPE OF STUDY:

The report analyzes the Solid State Batteries market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Portable, Thin-Film); Capacity (Below 20 mAh, 20 - 500 mAh, Above 500 mAh); Application (Consumer Electronics, Electric Vehicles, Energy Harvesting, Wearable Devices, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 41 Featured) -

• Artesyn Embedded Power
• Beijing Weilan New Energy Technology
• BrightVolt
• Brydge Technologies LLC
• Cymbet Corporation
• Enpower Japan Corp.
• Ion Storage Systems
• Karen Knowles Enterprises Pty Ltd
• Lakindustria S.R.L.
• QuantumScape Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.