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Solid State Battery Market 2022: Size, Growth, Drivers, Challenges, Opportunities, Shares, Countries, Revenue And Forecast Analysis By 2031
Solid State Battery Market
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The global solid state battery market report by the business research company the rising adoption of electric vehicles to be a major growth driver for the solid state battery market. While the economic effect of COVID-19 has dampened demand for petrol and diesel cars, demand for EVs has increased. Climate warming and aspirations to achieve net-zero emissions are driving the global shift to emissions-free motoring. This shift toward EVs helps with economic growth by shifting consumption away from imported oil and lowering fuel costs by moving towards more locally produced power. For instance, according to the International Energy Agency's Global EV Outlook report published in April 2021, in 2020, consumers spent USD 120 billion on electric vehicle purchases, a 50% increase over 2019, which equates to a 41% increase in sales and a 6% increase in average prices. Therefore, the rising adoption of electric vehicles will drive the solid-state battery market
The global solid state battery market size is expected to grow from $0.24 billion in 2021 to $0.34 billion in 2022 at a compound annual growth rate (CAGR) of 41.25%. The global solid state battery market size is expected to reach $1.72 billion in 2026 at a compound annual growth rate (CAGR) of 50.02%.
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Asia-Pacific was the largest region in the solid state battery market in 2021. The regions covered in the global solid state battery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the solid state battery market are Cymbet, Robert Bosch GmbH, SolidEnergy System, Toyota Motor Corporation, Solid Power, Excellatron Solid State, BrightVolt, Samsung SDI Co. Ltd., QuantumScape, Stmicroelectronics N.V, Planar Energy Devices Inc, Solvay, Pathion Inc, Infinite Power Solution Inc, Saft, Sakti3 Inc., Bollore, Prologium and Ilika
The global solid state battery market is segmented -
1) By Type: Single-Cell Battery, Multi-Cell Battery
2) By Rechargeability: Primary Battery, Secondary Battery
3) By Material Type: Thin Film Batteries, Portable Batteries
4) By Application: Consumer and Portable Electronics, Electric Vehicle, Energy Harvesting, Wearable and Medical Devices, Others
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The Solid state battery market Report Contents Include
1. Executive Summary
2. Solid State Battery Market Characteristics
3. Solid State Battery Market Trends And Strategies
4. Impact Of COVID-19 On Solid State Battery
5. Solid State Battery Market Size And Growth
......
26. Africa Solid State Battery Market
27. Solid State Battery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Solid State Battery Market
29. Solid State Battery Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the solid state battery market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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