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At 49% CAGR, Solid State Battery Market Size to Cross $1,407.7 Million by 2025

02-26-2020 02:57 PM CET | Energy & Environment

Press release from: allied market research

At 49% CAGR, Solid State Battery Market Size to Cross $1,407.7

Increased application areas of solid state batteries such as healthcare, consumer durables, and aviation coupled with aggrandized need for solid state batteries in electric vehicles drives the growth of the market. However, high initial cost of solid state batteries and complex manufacturing process hinder the market growth.

The report provides in-depth analyses of the key winning strategies, drivers & opportunities, market share & estimations, key market segments, and competitive landscape. According to the report, the global market garnered $53 million in 2017 and is expected to reach $1,407.7 million by 2025, registering a CAGR of 49% from 2018 to 2025.

Portable solid state battery segment to dominate the global market through 2025

Among product types, the portable segment accounted for 86% of the total market share in 2017 and would continue its dominance through 2025. Need for greater battery back-up in tablets, laptops, smartphones, e-readers and even MP3 players has bolstered the demand for portable battery.

For More Details Download Sample Report:https://www.alliedmarketresearch.com/request-sample/498

Electric vehicle segment to render the fastest growth by 2025

The consumer and portable electronics segment contributed 42% of the total market share in 2017 and would maintain its lion's share throughout the forecast period. This is due to the growing demand for solid state batteries in portable electronics such as laptops and mobile phones.

Top players of the industry

The key market players analyzed in the report 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.

North America to remain dominant, Europe to grow the fastest

North America generated the highest revenue of 35% in 2017 and is anticipated to continue its dominance during the forecast period. This is due to the increase in demand for batteries from packaging, smart cards, and electric vehicle sectors in the region. The U.S. is the major revenue contributor to the North American solid state battery market.

Inquire more about this report:https://www.alliedmarketresearch.com/purchase-enquiry/498

Key Findings of the Solid state battery Market:
o In 2017, based on application, the consumer and portable electronics segment accounted for three-sevenths share in application segment of the global solid state battery market.
o Based on application, the electric vehicle segment is anticipated to grow at the highest CAGR during the forecast period.

Access Full Report:https://www.alliedmarketresearch.com/solid-state-batteries-market

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About Us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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