Solid State Battery Market Research Report 2019 | Industry Analysis, Share and Top Key Players – Cymbet Corporation, BrightVolt, Inc., Excellatron Solid State

The major industry players operating across the global solid state battery market, such as Altair, Hitachi Zosen, Solid Power, and many more, have been looking out for expanding the application potential of the product and are also working on undertaking extensive R&D activities for the large-scale marketing of the product.

The robust rise in investments in consumer electronics sector combined with the proliferating adoption of electric vehicles in the developing economies are likely to augment the global solid state battery market size by 2025. Additionally, the considerable advancements in technologies and extensive research and development activities carried out by major industry players as well as the paradigm shift towards the implementation of sustainable solutions for energy storage would complement the industry outlook.

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The introduction of numerous monetary support by government authorities for the commercialization of state-of-the-art energy storage systems with superior efficacy, high energy density and stability will aid the product penetration thus fueling the market expansion.

Further, the escalating focus towards zero emission automobiles is predicted to propel the industry trends as well.
Thin film solid state batteries industry is expected to poise a substantial growth over the mentioned timespan, attributing to the mounting use of the batteries across various applications such as the portable medical equipment, low power sensors, or consumers products and industrial systems.

Besides, the ever-increasing demands for RFID tags, smart cards, and wearable equipment will catalyze the global solid state battery industry trends.

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For instance, Ilika PLC in 2019 declared expanding the volumetric competence of its mm-scale Stereax solid state batteries through the introduction of wafer-thinning technology.
Estimates claim that the global solid state market size is anticipated to be worth at over USD 2 billion by 2025.

A paradigm shift in the implementation of sustainable energy technologies combined with the expanding requirements for productive and cost-effective storage solutions across an expansive range of end-use sectors like automotive, consumer electronics and healthcare, will bolster the product penetration.
The progressive advancement towards the product design coupled with robust technological developments would impel the solid state battery industry share.
Apparently, the consumer electronics application segment is projected to record a CAGR of over 30 per cent through 2025 owing to the elevating consumer inclination towards smart portable devices and the disposable incomes of the masses.

Furthermore, improved energy storage capacity, extended self-life, and short recharge time would chiefly add to the product demand escalation.
Considering the regional landscape, Germany solid state battery market share accounted for over USD 8 million in 2018 accounting to the surging demands for higher efficiency energy storage systems alongside ongoing product innovations in the region.

Apart from that, the stringent regulatory reforms toward the carbon emissions are likely to have a positive influence on the market outlook. Meanwhile, the reducing EV costs in the region, on the grounds of robust technological advancements, will supplement the industry trends.
On the other hand, the massive expansion of the automobile manufacturing units as well as the influence of strict regulations pertaining to energy development may catalyze the exponential growth of Japan solid state battery market size.

Expanding EV sales alongside broad R&D activities being practiced by the chief market players will augment the business dynamics. Also, the government reforms toward the abolishment of greenhouse gas emissions will expedite the regional solid state battery market.

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