Press release
Thin-film Solid State Battery Market Opportunities, Market-specific challenges and Demand Forecast to 2027
The Global Thin-film Solid State Battery Market covers latest information regarding the development rate, market estimates, drivers, limitations, future based demand, and revenue during the forecast period. The Thin-film Solid State Battery Market involves of data accumulated from frequent primary and secondary sources. This information has been verified and authorized by the industry analysts, thus providing significant insights to the researchers, analysts, managers, and other industry professionals. This document further helps in thoughtful market trends, applications, specifications, and market challenges.The global Thin-film Solid State Battery market size is estimated to grow from USD 58 million in 2022 to USD 314 million by 2028; it is expected to grow at a CAGR of 32.5% during the forecast period.
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The Top Leading Players in the market include:
BMW, Hyundai, Dyson, Apple, CATL, Bollore, Toyota, Panasonic, Jiawei, Bosch, Quantum Scape, Ilika, Excellatron Solid State, Cymbet, Solid Power, Mitsui Kinzoku, Samsung, ProLogium
Recent Developments
In October 2021, Solid Power, an industry-leading producer of solid-state batteries, partnered with SK Innovation to jointly produce all-solid-state batteries. SK Innovation commits to make USD 30 million investment in Solid Power through subscription to purchase a share in DCRC’s previously announced PIPE transaction.
In May 2021, QuantumScape entered into an agreement with Volkswagen Group of America, Inc. to select the location of their joint-venture solid-state batteries pilot-line facility by the end of 2021. The pilot-line facility, QS-1, will initially be a 1-gigawatt hour (GWh) battery cell commercial production plant for electric vehicle batteries. The company intends to expand production capacity by 20 GWh at the same location.
Thin-film Solid State Battery Market segmentation:
Market segment by Type:
Above 500MAH
20MAH?500MAH
Less than 20MAH
Market segment by Application:
Consumer & Portable Electronics
Electric Vehicle
Energy Harvesting
Wearable & Medical Devices
Market Overview:
The global Thin-film Solid State Battery market size is estimated to grow from USD 58 million in 2022 to USD 314 million by 2028; it is expected to grow at a CAGR of 32.5% during the forecast period.
Factors such as the rising requirement of Thin-film Solid State Battery in electric vehicles, the increasing trend toward the miniaturization of consumer electronics, and growing R&D activities by major companies are driving the growth of the Thin-film Solid State Battery market. Solid-state batteries could be the game changer for electric vehicles, support advanced consumer electronics such as mobiles and laptops, and are adopted in emerging applications such as energy harvesting and wearable devices.
Europe dominates the market:
Europe is expected to grow at the highest CAGR during the forecast period. Major applications of the Thin-film Solid State Battery market in Europe include packaging, consumer electronics, electric vehicles, and medical devices such as Robert Bosch (Germany) and Ilika (UK), and Blue Solutions (France) are developing the next-generation flexible devices. These devices require power sources that are not only small but also have high power density to complement the product design; these requirements are fulfilled by thin-film batteries. According to (International Energy Agency), Europe has overtaken China and become the main market for electric vehicles. The solid-state battery market in Europe includes regions such as the UK, Germany, France, and the Rest of Europe.
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Global Thin-film Solid State Battery Market: Regional Segmentation
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa).
Influence of the Thin-film Solid State Battery market report:
– Comprehensive valuation of all opportunities and risk in the market.
– Thin-film Solid State Battery market recent inventions and major events.
– Detailed study of business strategies for growth of the market-leading players.
– Conclusive study about the growth plot of Infrared Imaging global Thin-film Solid State Battery market for forthcoming years.
– In-depth understanding of market-particular drivers, constraints and major micro markets.
– Favourable imprint inside vital technological and market latest trends striking the global market.
The research provides answers to the following key questions
What is the estimated growth rate of the market for the forecast period 2022–2027? What will be the market size during the estimated period?
What are the key driving forces responsible for shaping the fate of the Thin-film Solid State Battery market during the forecast period?
Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Thin-film Solid State Battery market?
What are the prominent market trends influencing the development of the Thin-film Solid State Battery market across different regions?
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Following are major TOC of Thin-film Solid State Battery Market:
Chapter 1: Thin-film Solid State Battery Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Thin-film Solid State Battery Market Competition by Manufacturers
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Export, Import, Consumption, by Regions
Chapter 6: Global Production, Price Trend by Type, Revenue (Value)
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Sourcing Strategy, Industrial Chain and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Thin-film Solid State Battery Market Forecast
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