Solid-State Car Battery Market Report: Trends, Forecast and Competitive Analysis to 2030

Solid-State Car Battery Market Report: Trends, Forecast and Competitive Analysis to 2030

Solid-State Car Battery Trends and Forecast

The future of the global solid-state car battery market looks promising with opportunities in the passenger car and commerical vehicle markets. The global solid-state car battery market is expected to reach an estimated $2.8 billion by 2030 with a CAGR of 12.3% from 2024 to 2030. The major drivers for this market are stringent government regulations and rising emission levels, growing demand for high range electric vehicles, and increasing adoption of electric two wheelers in the developing countries.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Solid-State Car Battery by Segment

The study includes a forecast for the global solid-state car battery by propulsion, component, vehicle type, and region.

Solid-State Car Battery Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Car
• Commercial vehicle

Solid-State Car Battery Market by Propulsion [Shipment Analysis by Value from 2018 to 2030]:

• BEV
• PHEV

Solid-State Car Battery Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Cathode
• Anode
• Electrolyte

Solid-State Car Battery Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Solid-State Car Battery Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies solid-state car battery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the solid-state car battery companies profiled in this report include-

• Hitachi
• Enevate
• Bmw Group
• Ionic Materials
• Ilika
• LG Chem
• Murata
• Ngk Spark Plug
• Johnson Battery

Solid-State Car Battery Market Insights

Lucintel forecasts that BEV is expected to witness highest growth over the forecast period due to increasing demand for battery-powered electric vehicles (BEVs) equipped with more power, quicker charging, and improved safety features.

Passenger car will remain the largest segment.

APAC is expected to witness highest growth over the forecast period as government of various countries, such as China, Japan and South Korea have encouraged adoption of EV by providing subsidies, pro-EV policies while discouraging petrol usage.

Features of the Global Solid-State Car Battery Market

Market Size Estimates: Solid-state car battery market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Solid-state car battery market size by vehicle type, propulsion, component, and region in terms of value ($B).

Regional Analysis: Solid-state car battery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different propulsion, components, vehicle types, and regions for the solid-state car battery market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the solid-state car battery market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the solid-state car battery market size?

Answer: The global solid-state car battery market is expected to reach an estimated $2.8 billion by 2030.

Q.2 What is the growth forecast for solid-state car battery market?

Answer: The global solid-state car battery market is expected to grow with a CAGR of 12.3% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the solid-state car battery market?

Answer: The major drivers for this market are stringent government regulations and rising emission levels, growing demand for high range electric vehicles, and increasing adoption of electric two wheelers in the developing countries.

Q4. What are the major segments for solid-state car battery market?

Answer: The future of the global solid-state car battery market looks promising with opportunities in the passenger car and commerical vehicle markets.

Q5. Who are the key solid-state car battery market companies?

Answer: Some of the key solid-state car battery companies are as follows:

• Hitachi
• Enevate
• BMW Group
• Ionic Materials
• Ilika
• LG Chem
• Murata
• NGK Spark Plug
• Johnson Battery

Q6. Which solid-state car battery market segment will be the largest in future?

Answer: Lucintel forecasts that BEV is expected to witness highest growth over the forecast period due to increasing demand for battery-powered electric vehicles (BEVs) equipped with more power, quicker charging, and improved safety features.

Q7. In solid-state car battery market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period as government of various countries, such as China, Japan and South Korea have encouraged adoption of EV by providing subsidies, pro-EV policies while discouraging petrol usage.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the solid-state car battery market by propulsion (BEV and PHEV), component (cathode, anode, and electrolyte), vehicle type (passenger car and commercial vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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