Solid-State Car Battery Market Pegged for Robust Expansion by 2031 | LG Chem, Ionic Materials, Enevate Corporation, BMW Group, Ilika plc

New York, According to a new market research report published by Global Insight Services Solid-State Car Battery Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Solid-state batteries are a type of battery that uses a solid electrolyte instead of a liquid one. This makes them safer than traditional lithium-ion batteries, as there is no risk of the electrolyte leaking out and causing a fire. Solid-state batteries also have a higher energy density, meaning they can store more energy in a given space. This makes them ideal for use in electric vehicles, where weight and space are at a premium.

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Key Trends

The key trends in solid-state car battery technology are the development of new electrode materials, the use of nanotechnology to improve battery performance, and the use of novel electrolytes.

One of the most promising new electrode materials is lithium metal. Lithium metal has a higher capacity than any other known material and can be used to create batteries with very high energy densities. However, lithium metal is also very reactive, making it difficult to use in batteries. Researchers are working on ways to create a stable solid-state electrolyte that can be used with lithium metal electrodes.

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Key Drivers

The solid-state battery is a type of battery where the electrolyte is a solid rather than a liquid. This makes them safer than traditional lithium-ion batteries, as the solid electrolyte prevents the formation of dendrites, which can cause short circuits and fires.

The key drivers of the solid-state battery market are the safety advantages of solid-state batteries over traditional lithium-ion batteries, as well as the increasing demand for electric vehicles. The solid-state battery market is expected to grow at a CAGR of over 35% during the forecast period.

The safety advantages of solid-state batteries are due to the fact that the electrolyte is a solid, which prevents the formation of dendrites. Dendrites are a type of build-up that can cause short circuits and fires in traditional lithium-ion batteries. The solid electrolyte also prevents the battery from overheating, as it is not flammable like the liquid electrolyte used in traditional batteries.

Key Market Segments
By Component

• Anode
• Cathode
• Electrolyte

By Vehicle Type

• Passenger Vehicles
• Commercial Vehicles

Key Market Players

• Hitachi Ltd.
• LG Chem
• Ionic Materials
• Enevate Corporation
• BMW Group
• Ilika plc
• Toyota Motor Corporation
• Solid Power
• QuantumScape

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Reasons to buy Solid-State Car Battery Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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About Global Insight Services:

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needs. With GIS, you can be assured of the quality of the deliverables, robust
& transparent research methodology, and superior service.

This release was published on openPR.