Solid State Battery Market Overview, Trend, Share, Forecast by 2026 | CAGR 50% | Cymbet Corporation Inc., Robert Bosch GmbH, STMicroelectronics N.V., Toyota Motor Corporation

Global Solid-State Battery Market is valued approximately at USD 79 million in 2018 and is anticipated to grow with a healthy growth rate of more than 50% over the forecast period 2019-2026. Solid-state batteries are an emerging trend for next-generation traction batteries.

The recent report of the solid state battery market gives a brief assessment of the business vertical in question, along with an overview of the division of the industry. An estimation of current industry scenario has been presented in the study, and the solid state battery market size with respect to volume and revenue has been stated in the report. Basically, the report is a collection of data regarding the competitive landscape of this vertical and the multiple regions where the business has effectively formed its stance.

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These batteries are safer than liquid state batteries and have a higher performance efficiency. It is a high energy and power density battery that has both solid electrodes as well as solid electrolytes. These batteries are easy to miniaturize (thin film) and also restrict the problem of electrolyte leakage. Also, solid state batteries have long shelf lives and do not shows abrupt changes in performance with temperature changes. Owing to such benefit, the demand for solid state batteries is seeing a rise in demand from the end use industries such as consumer electronics, medical devices, wearables and other. Increasing research and development activities and investments in solid state batteries is a major factor which contributes to the growth of global solid-state battery market. For instance, in 2017, A123 systems Inc. one of the battery manufacturers invested in the company named Solid Power Inc. for solid state battery technology. Also, in 2016, Dyson announced to spend an amount of $1.4 billion (by 2021) for solid state battery development. Further as per the company source, the US based IONIC materials company on February 2018 has secured about $65 million from leading group of financial and strategic investors. These investors include companies from the battery manufacturing, consumer electronics and electric vehicle ecosystem for the next generation battery technology.

This investment is to speed the development of polymer electrolyte for solid state batteries. Major manufacturing companies are working towards large scale commercialization of solid-state batteries, which is expected to further boost the market over the forecast period. However, high setup and installation cost of solid-state battery impedes the growth of the market over the forecast period of 2019-2026.

Global Solid State Battery Market report focuses on various key parameters that include:

• Market concentration ratio
• Consumption growth rate
• Growth rate
• Turnover predictions
• Industry drivers and major challenges
• Recent market trends
• Geographical segmentation
• Competitive structure
• Competitive ranking analysis

Competitive Landscape:

The competitive analysis of major market players is another notable feature of the solid state battery market report; it identifies direct or indirect competitors in the market.

Major market player included in this report are:
Cymbet Corporation Inc.
Robert Bosch GmbH
STMicroelectronics N.V.
Toyota Motor Corporation
Sakti3 Inc.
Brightvolt, Inc.
Excellatron Solid State, LLC
Infinite Power Solution, Inc.
Planar Energy Devices, Inc.
Solid Power, Inc.

Market Segmentation:

By Type:
Thin-Film Batteries
Portable Batteries
Other Batteries

By Capacity:
Battery Capacity: Less Than 20 mAh
Battery Capacity: Between 20 mAh and 500 mAh
Battery Capacity: 500 mAh and Above

By Application:
Consumer Electronics
Electric Vehicle
Energy Harvesting
Entertainment
Medical Devices
Packaging
Portable Devices
Others

The regional analysis of global Solid-State Battery market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing demand from packaging, smart cards and electric vehicles. Whereas, Europe is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as strong demand from electric vehicles sector, growing consumer electronics sector and wearable devices in the region would create lucrative growth prospects for the Solid State Battery market across Europe region.

Furthermore, years considered for the study are as follows:

Historical year - 2016, 2017
Base year - 2018
Forecast period - 2019 to 2026

Some of the Major Highlights of TOC covers:

• Executive Summary

• Global Solid State Battery Market Insights

• Global Solid State Battery Market forecast by different Segments and Regions

• Manufacturing Cost Structure Analysis

• Development and Manufacturing Plants Analysis of solid state battery market

• Key Figures of Major Manufacturers

Development Trend of Analysis of solid state battery market

• Global Solid State Battery Market Trend Analysis

• Global Solid State Battery Market Size (Volume and Value) Forecast 2020-2026

Marketing Channel

• Direct Marketing

• Indirect Marketing

• Global Solid State Battery Market Customers

Market Dynamics

• Market Trends

• Opportunities

• Market Drivers

• Challenges

• Influence Factors

Methodology/Research Approach

• Research Programs/Design

• Market Size Estimation

• Market Breakdown and Data Triangulation

• Data Source

Key Questions Addressed in the Report:

1. Who are the top 10 players operating in the solid state battery market?
2. What are the driving factors, restraints, opportunities, and challenges in the solid state battery market?
3. What are the current scenario and industry trends in the solid state battery market?
4. Which industry and technology can be a potential revenue pocket for market players in the next five years?
5. Who are the visionary leaders, dynamic differentiators, innovators, and emerging players and what are the key strategies adopted by them to strengthen their positions?
6. What are the solid state battery market opportunities and threats faced by the vendors in the solid state battery market?
7. What are the solid state battery market challenges to market growth?
8. Analysis based on historical information along with the current trends to estimate the future of the market
9. Analysis of the impact of constantly changing global market scenarios

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