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Solid State Battery Market Size, Share, Trends, Growth Outlook

Solid State Battery Market Size, Share, Trends, Growth Outlook, and Opportunities to 2030- By Component (Cathode, Anode, Solid Electrolytes, Others), Type (Single-cell, Multi-cell), Battery Type (Primary, Secondary), Capacity (Below 20 mAh, 20 mAh--500 mAh, above 500 mAh), Application (Consumer Electronics, Electric Vehicles, Medical Devices, Energy Harvesting, Wireless Sensors, Packaging, Others), and Companies Report

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  • |Published Month : January, 2024
  • |No. of Pages : 187

The Solid-State Battery Market Size is estimated to register 38.4% growth over the forecast period from 2024 to 2030.

 

Solid State Battery Market Overview

The pursuit of safer and more efficient energy storage solutions is driving the market. Solid-state batteries, with their solid electrolyte material, offer a safer alternative to traditional lithium-ion batteries, addressing concerns related to overheating and flammability. Additionally, the increasing demand for electric vehicles, coupled with governmental initiatives promoting sustainable transportation, is accelerating the adoption of solid-state batteries. Innovations in solid electrolyte materials, cathodes, and anodes are contributing to improving the overall performance, safety, and energy density of solid-state batteries.  Additionally, Manufacturers of smartphones, wearables, and other portable devices are exploring solid-state battery technology to enhance energy storage capacity, reduce device weight, and improve overall performance.

 

Solid State Battery Market Dynamics

Market Trends- Solid-State Battery Integration Transforms Consumer Electronics Power Solutions

The demand for smaller, lighter, and more powerful batteries in consumer electronics, such as smartphones, wearables, and IoT devices, is driving manufacturers to explore the potential of solid-state batteries. These batteries are offering a compelling solution to the persistent challenge of providing longer battery life and enhanced performance in increasingly compact and lightweight devices. Additionally, as consumers seek more efficient and longer-lasting devices, solid-state batteries are presenting an appealing solution for manufacturers aiming to address limitations associated with traditional lithium-ion batteries.

 

Market Driver- The solid-state battery market is experiencing a surge in demand driven by the increasing adoption of electric vehicles (EVs)

As the global automotive industry is undergoing a transformative shift towards sustainable and eco-friendly transportation solutions, solid-state batteries are emerging as a critical component to meet the evolving needs of modern EVs. Several advantages, including higher energy density, improved safety, and potential for extended driving ranges, addressing some of the key challenges associated with conventional lithium-ion batteries are fueling the demand. Further, Automakers are increasingly recognizing the significance of solid-state batteries in enhancing the overall performance, efficiency, and safety of electric vehicles leading to market expansion.

 

Market Opportunity- Widespread Adoption of Solid-State Batteries in Energy Storage Applications

The growing recognition of solid-state batteries as an ideal candidate for stationary energy storage applications is the major factor. The inherent safety benefits, higher energy density, and longer cycle life make solid-state batteries suitable for grid energy storage, renewable energy integration, and other stationary applications are propelling the market. Additionally, the increasing focus on decentralized energy systems and microgrids are further fueling the demand for energy storage technologies.

 

Market Share Analysis- Solid Electrolytes will register the fastest growth

The Solid-State Battery Market is analyzed across Cathode, Anode, Solid Electrolytes and Others. Solid Electrolytes is poised to register the fastest growth. These materials serve as the conductive medium for ions between the cathode and anode within a solid-state battery, offering several advantages over their liquid counterparts. Solid electrolytes contribute to enhanced safety by mitigating the risks associated with flammable liquid electrolytes, a critical consideration, particularly in high-energy applications like electric vehicles. Their inherent stability also enables the use of more reactive materials, potentially leading to batteries with higher energy density and improved performance. The versatility of solid electrolytes allows for the design of flexible and compact batteries, opening up new possibilities for integration into various form factors, such as wearable devices and IoT applications. However, challenges such as manufacturing complexities and cost considerations remain, and ongoing research focuses on optimizing solid electrolyte materials for mass production.

 

Market Share Analysis- Multi-cell held a significant market share in 2024

The Solid-State Battery Market is analyzed across various Types including Single-cell and Multi-cell. Of these, Multi-cell held a significant market share in 2024. Multi-cell solid-state batteries involve the integration of multiple cells in a series or parallel arrangement, offering a collective energy output that surpasses that of individual cells. This configuration is particularly prevalent in electric vehicles (EVs) and large-scale energy storage systems, where the demand for increased power and extended driving ranges is paramount. The modular nature of multi-cell setups provides flexibility in design and enables manufacturers to tailor battery packs to meet diverse specifications. Moreover, these configurations contribute to the overall reliability and redundancy of the battery system. Challenges, such as ensuring uniformity among multiple cells and managing thermal considerations, are areas of ongoing research and development. As the automotive industry continues to shift towards electrification and grid energy storage gains prominence

 

Solid State Battery Market Segmentation

By Component

  • Cathode
  • Anode
  • Solid Electrolytes
  • Others

 

By Type

  • Single-cell
  • Multi-cell

 

By Battery Type

  • Primary
  • Secondary

 

By Capacity

  • Below 20 mAh
  • 20 mAh--500 mAh
  • Above 500 mAh

 

By Application

  • Consumer Electronics
  • Electric Vehicles
  • Medical Devices
  • Energy Harvesting
  • Wireless Sensors
  • Packaging
  • Others

 

By Region

  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Spain, Italy, Others)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Others)
  • Latin America (Brazil, Argentina, Others)
  • Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Solid State Battery Market Companies

  • Blue Solutions (France)
  • BrightVolt (United States))
  • Excellatron (United States))
  • Hitachi Zosen Corporation (Japan)
  • Ilika (United Kingdom)
  • ProLogium Technology Co Ltd (Taiwan)
  • QuantumScape (United States))
  • Sakuu Corporation (United States))
  • Solid Power (United States)

 

*List not exhaustive

 

Solid State Battery Market Outlook 2023

1 Market Overview

1.1 Introduction to the Solid State Battery Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2023 Solid State Battery Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Solid State Battery Market Companies with Area Served

4.2.2 Products Offerings Global Solid State Battery Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 Post-COVID-19 Scenario- Low Growth Case

5.1.3 Post-COVID-19 Scenario- Reference Growth Case

5.1.4 Post-COVID-19 Scenario- Low Growth Case

 

6 Global Solid State Battery Market Trends

6.1 Global Solid State Battery Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global Solid State Battery Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global Solid State Battery Revenue (USD Million) and CAGR (%) by Regions (2018-2030)

 

7 Global Solid State Battery Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global Solid State Battery Revenue (USD Million) by Type (2018-2022)

7.1.1 Global Solid State Battery Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global Solid State Battery Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global Solid State Battery Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global Solid State Battery Development Regional Status and Outlook

8.1 Global Solid State Battery Revenue (USD Million) By Regions (2018-2022)

8.2 North America Solid State Battery Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America Solid State Battery Revenue (USD Million) by Country (2018-2022)

8.2.2 North America Solid State Battery Revenue (USD Million) by Type (2018-2022)

8.2.3 North America Solid State Battery Revenue (USD Million) by Applications (2018-2022)

8.3 Europe Solid State Battery Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe Solid State Battery Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe Solid State Battery Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe Solid State Battery Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific Solid State Battery Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific Solid State Battery Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific Solid State Battery Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific Solid State Battery Revenue (USD Million) by Applications (2018-2022)

8.5 South America Solid State Battery Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America Solid State Battery Revenue (USD Million), by Country (2018-2022)

8.5.2 South America Solid State Battery Revenue (USD Million) by Type (2018-2022)

8.5.3 South America Solid State Battery Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa Solid State Battery Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa Solid State Battery Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa Solid State Battery Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa Solid State Battery Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global Solid State Battery Market Revenue (USD Million), by Type, and Applications (2023-2030)

10.1 Global Solid State Battery Revenue (USD Million) and Market Share (%) by Type (2023-2030)

10.1.1 Global Solid State Battery Revenue (USD Million), and Market Share (%) by Type (2023-2030)

10.2 Global Solid State Battery Revenue (USD Million) and Market Share (%) by Applications (2023-2030)

10.2.1 Global Solid State Battery Revenue (USD Million), and Market Share (%) by Applications (2023-2030)

 

11 Global Solid State Battery Development Regional Status and Outlook Forecast

11.1 Global Solid State Battery Revenue (USD Million) By Regions (2023-2030)

11.2 North America Solid State Battery Revenue (USD Million) by Type, and Applications (2023-2030)

11.2.1 North America Solid State Battery Revenue (USD) Million by Country (2023-2030)

11.2.2 North America Solid State Battery Revenue (USD Million), by Type (2023-2030)

11.2.3 North America Solid State Battery Revenue (USD Million), Market Share (%) by Applications (2023-2030)

11.3 Europe Solid State Battery Revenue (USD Million), by Type, and Applications (2023-2030)

11.3.1 Europe Solid State Battery Revenue (USD Million), by Country (2023-2030)

11.3.2 Europe Solid State Battery Revenue (USD Million), by Type (2023-2030)

11.3.3 Europe Solid State Battery Revenue (USD Million), by Applications (2023-2030)

11.4 Asia Pacific Solid State Battery Revenue (USD Million) by Type, and Applications (2023-2030)

11.4.1 Asia Pacific Solid State Battery Revenue (USD Million), by Country (2023-2030)

11.4.2 Asia Pacific Solid State Battery Revenue (USD Million), by Type (2023-2030)

11.4.3 Asia Pacific Solid State Battery Revenue (USD Million), by Applications (2023-2030)

11.5 South America Solid State Battery Revenue (USD Million), by Type, and Applications (2023-2030)

11.5.1 South America Solid State Battery Revenue (USD Million), by Country (2023-2030)

11.5.2 South America Solid State Battery Revenue (USD Million), by Type (2023-2030)

11.5.3 South America Solid State Battery Revenue (USD Million), by Applications (2023-2030)

11.6 Middle East and Africa Solid State Battery Revenue (USD Million), by Type, and Applications (2023-2030)

11.6.1 Middle East and Africa Solid State Battery Revenue (USD Million), by Region (2023-2030)

11.6.2 Middle East and Africa Solid State Battery Revenue (USD Million), by Type (2023-2030)

11.6.3 Middle East and Africa Solid State Battery Revenue (USD Million), by Applications (2023-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Solid State Battery Market Companies with Areas Served

Table 3 Products Offerings Global Solid State Battery Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Solid State Battery Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global Solid State Battery Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global Solid State Battery Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global Solid State Battery Revenue (USD Million) By Type (2018-2022)

Table 11 Global Solid State Battery Revenue Market Share (%) By Type (2018-2022)

Table 12 Global Solid State Battery Revenue (USD Million) By Applications (2018-2022)

Table 13 Global Solid State Battery Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global Solid State Battery Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global Solid State Battery Market Share (%) By Regions (2018-2022)

Table 16 North America Solid State Battery Revenue (USD Million) By Country (2018-2022)

Table 17 North America Solid State Battery Revenue (USD Million) By Type (2018-2022)

Table 18 North America Solid State Battery Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe Solid State Battery Revenue (USD Million) By Country (2018-2022)

Table 20 Europe Solid State Battery Revenue (USD Million) By Type (2018-2022)

Table 21 Europe Solid State Battery Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific Solid State Battery Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific Solid State Battery Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific Solid State Battery Revenue (USD Million) By Applications (2018-2022)

Table 25 South America Solid State Battery Revenue (USD Million) By Country (2018-2022)

Table 26 South America Solid State Battery Revenue (USD Million) By Type (2018-2022)

Table 27 South America Solid State Battery Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa Solid State Battery Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa Solid State Battery Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa Solid State Battery Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global Solid State Battery Revenue (USD Million) By Type (2023-2030)

Table 33 Global Solid State Battery Revenue Market Share (%) By Type (2023-2030)

Table 34 Global Solid State Battery Revenue (USD Million) By Applications (2023-2030)

Table 35 Global Solid State Battery Revenue Market Share (%) By Applications (2023-2030)

Table 36 Global Solid State Battery Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)

Table 37 North America Solid State Battery Revenue (USD)By Country (2023-2030)

Table 38 North America Solid State Battery Revenue (USD Million) By Type (2023-2030)

Table 39 North America Solid State Battery Revenue (USD Million) By Applications (2023-2030)

Table 40 Europe Solid State Battery Revenue (USD Million) By Country (2023-2030)

Table 41 Europe Solid State Battery Revenue (USD Million) By Type (2023-2030)

Table 42 Europe Solid State Battery Revenue (USD Million) By Applications (2023-2030)

Table 43 Asia Pacific Solid State Battery Revenue (USD Million) By Country (2023-2030)

Table 44 Asia Pacific Solid State Battery Revenue (USD Million) By Type (2023-2030)

Table 45 Asia Pacific Solid State Battery Revenue (USD Million) By Applications (2023-2030)

Table 46 South America Solid State Battery Revenue (USD Million) By Country (2023-2030)

Table 47 South America Solid State Battery Revenue (USD Million) By Type (2023-2030)

Table 48 South America Solid State Battery Revenue (USD Million) By Applications (2023-2030)

Table 49 Middle East and Africa Solid State Battery Revenue (USD Million) By Region (2023-2030)

Table 50 Middle East and Africa Solid State Battery Revenue (USD Million) By Region (2023-2030)

Table 51 Middle East and Africa Solid State Battery Revenue (USD Million) By Type (2023-2030)

Table 52 Middle East and Africa Solid State Battery Revenue (USD Million) By Applications (2023-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Solid State Battery Revenue (USD Million) By Type (2018-2022)

Figure 4 Global Solid State Battery Revenue Market Share (%) By Type (2022)

Figure 5 Global Solid State Battery Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global Solid State Battery Revenue Market Share (%) By Applications (2022)

Figure 7 Global Solid State Battery Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global Solid State Battery Market Share (%) By Regions (2022)

Figure 9 North America Solid State Battery Revenue (USD Million) By Country (2018-2022)

Figure 10 North America Solid State Battery Revenue (USD Million) By Type (2018-2022)

Figure 11 North America Solid State Battery Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe Solid State Battery Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe Solid State Battery Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe Solid State Battery Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific Solid State Battery Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific Solid State Battery Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific Solid State Battery Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America Solid State Battery Revenue (USD Million) By Country (2018-2022)

Figure 19 South America Solid State Battery Revenue (USD Million) By Type (2018-2022)

Figure 20 South America Solid State Battery Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa Solid State Battery Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa Solid State Battery Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa Solid State Battery Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global Solid State Battery Revenue (USD Million) By Type (2023-2030)

Figure 25 Global Solid State Battery Revenue Market Share (%) By Type (2030)

Figure 26 Global Solid State Battery Revenue (USD Million) By Applications (2023-2030)

Figure 27 Global Solid State Battery Revenue Market Share (%) By Applications (2030)

Figure 28 Global Solid State Battery Market Revenue (USD Million) By Regions (2023-2030)

Figure 29 North America Solid State Battery Revenue (USD Million) By Country (2023-2030)

Figure 30 North America Solid State Battery Revenue (USD Million) By Type (2023-2030)

Figure 31 North America Solid State Battery Revenue (USD Million) By Applications (2023-2030)

Figure 32 Europe Solid State Battery Revenue (USD Million) By Country (2023-2030)

Figure 33 Europe Solid State Battery Revenue (USD Million) By Type (2023-2030)

Figure 34 Europe Solid State Battery Revenue (USD Million) By Applications (2023-2030)

Figure 35 Asia Pacific Solid State Battery Revenue (USD Million) By Country (2023-2030)

Figure 36 Asia Pacific Solid State Battery Revenue (USD Million) By Type (2023-2030)

Figure 37 Asia Pacific Solid State Battery Revenue (USD Million) By Applications (2023-2030)

Figure 38 South America Solid State Battery Revenue (USD Million) By Country (2023-2030)

Figure 39 South America Solid State Battery Revenue (USD Million) By Type (2023-2030)

Figure 40 South America Solid State Battery Revenue (USD Million) By Applications (2023-2030)

Figure 41 Middle East and Africa Solid State Battery Revenue (USD Million) By Region (2023-2030)

Figure 42 Middle East and Africa Solid State Battery Revenue (USD Million) By Region (2023-2030)

Figure 43 Middle East and Africa Solid State Battery Revenue (USD Million) By Type (2023-2030)

Figure 44 Middle East and Africa Solid State Battery Revenue (USD Million) By Applications (2023-2030)

Figure 45 Bottom-Up and Top-Down Approaches For This Report

Figure 46 Data Triangulation

 

Solid State Battery Market Segmentation

By Component

  • Cathode
  • Anode
  • Solid Electrolytes
  • Others

 

By Type

  • Single-cell
  • Multi-cell

 

By Battery Type

  • Primary
  • Secondary

 

By Capacity

  • Below 20 mAh
  • 20 mAh--500 mAh
  • Above 500 mAh

 

By Application

  • Consumer Electronics
  • Electric Vehicles
  • Medical Devices
  • Energy Harvesting
  • Wireless Sensors
  • Packaging
  • Others

 

By Region

  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Spain, Italy, Others)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Others)
  • Latin America (Brazil, Argentina, Others)
  • Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

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