Global Solid-State Battery Market is expected to record a positive CAGR of ~30% during the forecast period (2022-2028): Ken Research

Driven by the rising demand for solid-state batteries due to their high energy density for various applications along with increased research and development activities for solid-state batteries, the Global Solid-state Battery Market is Forecasted to reach nearly US$ 3,000 Mn by 2028 says Ken Research Study.

A solid-state battery uses a solid as an electrolyte and has high energy density, better stability, and is safer in comparison to lithium-ion batteries. Different kinds of electrolytes could be used to increase the efficiency of a solid-state battery. Solid-state batteries are less expensive, safer, and more durable.

Ken Research shares 3 key insights on this high-demand market from its latest research study.

1. High Energy Density of Solid-state Batteries Encourage Market Growth

The increase in research and development for the solid-state battery to improve their efficiency is boosting the growth of the solid-state battery market in the forecasted period. The solid-state battery offers high performance, has a longer life, cheaper battery costs, and other is increasing its adoption in various sectors is anticipated to propel the growth of the market. However, the high manufacturing cost of solid-state batteries may hamper the growth of the market.
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According to Ken Research estimates, the Global Solid-state Battery Market - valued at around US$ 200 Mn in 2017 and estimated to reach nearly US$ 700 Mn by 2022 - is expected to grow to around US$ 3,000 Mn opportunity by 2028.

2. Increasing Adoption of Solid-state Battery in Electric Vehicle is Driving the Market Growth

The rising demand for the solid-state battery for electric vehicles is anticipated to aid the growth of the market. Moreover, the high investment in research and development of solid-state batteries along with the increasing partnership between battery manufacturers and automobile companies is expected to bolster the growth of the global solid-state battery market.

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The below graph depicts the increase in electric vehicle registration in China.  

3. Difficulty in the Manufacturing Process of Solid-state Battery Is the Most Significant Barrier to the Growth of the Market.

The difficulty in the manufacturing process of solid-state batteries, as well as the requirement of high investment for R&D and manufacturing of solid-state batteries, may hamper the growth of the market. In addition, the availability of other substitutes at cheaper cost such as graphene batteries, fluoride batteries, sand batteries, ammonia-powered batteries, and lithium-sulfur batteries may restrict the growth of the market.

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Key Topics Covered in the Report

Snapshot of the Global Solid-state Battery Market

Industry Value Chain and Ecosystem Analysis of the Solid-state Battery Market

Market size and Segmentation of the Global Solid-state Battery Market

Historic Growth of the Overall Global Solid-state Battery Market and Segments

Competition Scenario of the Solid-state Battery Market and Key Developments of Competitors

Porter's 5 Forces Analysis of the Global Solid-state Battery Industry

Overview, Product Offerings, and Strategic Developments of Key Competitors

COVID-19 Impact on the Overall Global Solid-state Battery Market

Future Market Forecast and Growth Rates of the Global Solid-state Battery Market and by Segments

Market Size of Application/Application Segments with historical CAGR and Future Forecasts

Analysis of the Solid-state Battery Market in Major Regions

Major Production / Consumption Hubs in the Major Regions

Major Production/Supply and Consumption/Demand Hubs in Each Region

Major Country-wise Historic and Future Market Growth Rates of the Total Solid-state Battery Market and Segments

Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

Cymbet

TOYOTA MOTOR CORPORATION

Robert Bosch GmbH

Solid Power Inc.

Excellatron

BrightVolt Inc.

SK Innovation Co. Ltd

STMicroelectronics

Total Energies

StoreDot

Notable Emerging Companies Mentioned in the Report

QuntumScape Corporation

Factorial Inc

Gangfeng Lithium Co Ltd

Prieto Battery

Dyson Ltd.

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Solid-state Battery Manufacturers

Electric Vehicle Manufacturers

Electronic Manufacturers

Wearable Device Manufacturers

Medical Device Manufacturers

Research & Consulting Firms

Research and Development Associations

Investment Banking & Financial Institutes

Research & Development Institutes for Solid-state Battery

Solid-state Battery Providers

Solid-state Battery Technology Research Organizations

Solid-state Battery Suppliers

Investors in Solid-state Battery Start-ups

Solid-state Battery Distributors

Government Regulatory Bodies

For more insights on the market intelligence, refer to the link below: -

https://www.kenresearch.com/business-research/global-solid-state-battery-market-outlook-2028/

Ken Research Pvt. Ltd.,
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Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations and technology transformation, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory across 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

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