Solid State Battery Market Growth Trends by Company: Cymbet Corporation, Seeo Inc., ST microElectronics, Toyota Motor Corporation, Sakti3 Inc. and More

Bigmarketresearch.com Adds a Solid State Battery Market by Type (Thin-film Battery and Portable Battery), Capacity (Less than 20 mAh, Between 20 mAh and 500 mAh, and 500 mAh and above), and Application (Consumer and Portable Electronics, Electric Vehicle, Energy Harvesting, Wearable and Medical Devices, and Others): Global Opportunity Analysis and Industry Forecast, 2018 – 2025 spreading across 328 pages with table and figures in it.

The global solid state battery market was valued at $53 million in 2017 and is projected to reach $1,407.69 million by 2025, growing at a CAGR of 49% from 2018 to 2025.

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Solid-state battery uses solid electrodes and solid electrolytes, instead of the liquid or polymer electrolytes found in conventional lithium-ion or lithium polymer batteries. Solid-state batteries find their usage in pacemakers, radio-frequency identification (RFID), and wearable device. Increase in application of solid state batteries in the healthcare, wearable, and drones sectors boosts the growth of the solid state batteries. Moreover, rise in need for solid state batteries in electric vehicle also contributes toward the growth of the global market.

Increase in application of solid state batteries in the electric vehicle, healthcare, wearable, and drone sectors drives the growth of the global solid state battery market. Moreover, rise in need for solid state batteries in electric vehicle boosts the market growth. However, complex manufacturing process and high cost of solid state batteries restrain the market growth. Conversely, increase in investment in the market, by industry giants such as Samsung and Hyundai is anticipated to offer future growth opportunities for the market.

The global solid state battery market is segmented based on type, capacity, application, and region. Based on type, the market is bifurcated into thin film and portable battery. By capacity, the market is divided 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, wearable & medical devices, and others. Based on region, the global solid state battery market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The major key players operating in the global solid state battery market include Cymbet Corporation, Seeo Inc. (Robert Bosch GmbH subsidiary), StmicroElectronics N.V., Toyota Motor Corporation, Sakti3 Inc. (Dyson Ltd subsidiary), and Brightvolt, Inc. The other key players include Excellatron Solid State, LLC, Infinite Power Solution, Inc., Planar Energy Devices, Inc., QuantumEscape, Altairnano, and Solid Power, Inc.

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