Asia Pacific Solid-State Battery

Asia Pacific Solid-State Battery

The Asia Pacific solid-state battery market is anticipated to experience robust growth, with a projected compound annual growth rate (CAGR) of 29.2% in value terms, reaching USD 924.3 million by 2029. Currently, many modern devices rely on liquid electrolyte batteries, known for their high-power density but also associated with risks like leakage and flammability. In response to these safety concerns, solid-state batteries have emerged as a viable alternative, although they exhibit lower ionic conductivity.

Despite this drawback, solid-state batteries are gaining momentum across industries such as consumer electronics and electric vehicles (EVs). The surge in the EV market, in particular, has created significant opportunities for solid-state batteries.

The market analysis segments the Asia Pacific solid-state battery market by battery type, including thin film battery, bulk batteries, and other types. In 2023, the thin film battery sector claimed the largest market share within the Asia Pacific solid-state battery industry.

The Asia Pacific solid-state battery market is segmented based on electrolyte type, including solid polymer, sulfide, oxide, and other types. Polymer electrolytes, which bridge the gap between liquid and fully solid electrolytes, exhibit similarities to liquid electrolytes but provide advantages such as cost-effectiveness and material flexibility. Projections suggest that the solid polymer segment is expected to grow at a compound annual growth rate (CAGR) of 28.2% from 2024 to 2029, indicating significant market expansion in this sector.

Key players shaping the competitive landscape of the solid-state battery market include Blue Electrolytes S.A., BrightVolt Inc., Contemporary Amperex Technology Co., Limited (CATL), BYD Company Limited, Ganfeng Lithium Group Co., Ltd., Hitachi Zosen Corporation, Ilika plc, ProLogium Technology Co., Ltd., Solid Power Inc., QuantumScape Corporation, QingTao (Kunshan) Energy Development Co., Ltd., SES AI Corporation, Jiawei Renewable Energy Co., Ltd., STMicroelectronics N.V., Factorial Inc., Ampcera Inc., Ionic Materials Inc., Ion Storage Systems, LLC, Beijing WeLion New Energy Technology Co., Ltd., PolyPlus Battery Company Inc., Ensurge Micropower ASA, 24M Technologies Inc., Toyota Motor Corporation, Panasonic Holdings Corporation, LG Chem Ltd., Samsung SDI Co., Ltd., SK Innovation Co., Ltd., Natron Inc., theion GmbH, Sakuu Corporation, StoreDot Ltd., FDK Corporation, Prieto Battery Inc., TDK Corporation, Taiyo Yuden Co., Ltd., Solvay S.A., and others.

This study aims to analyze the Asia Pacific market for various segments of solid-state battery, including:

Battery: Thin Film Battery, Bulk, and Other Batteries.

Electrolyte: Solid Polymer, Sulfide, Oxide, and Other Types.

End-User: Electric Vehicles, Electronic and Electrical, Energy Storage, Healthcare, and Other End-Users.

Region: China, Japan, India, South Korea, Taiwan, and Rest of Asia Pacific.