Press release
EV SOLID State Battery Market to reach USD 1479.07 Mn by 2029, emerging at a CAGR of 44 percent and forecast 2023-2029
EV SOLID State Battery Market
EV Solid State Battery Market report provides valuable insights into the market dynamics, drivers, restraints, and regional trends affecting the electric vehicle (EV) solid state battery industry.
Our analysis is based on data from 2022, which serves as the base year, and extends to 2029. The market size for 2022 is derived from actual figures and data collected from key industry players worldwide. To forecast market trends through 2029, we have considered the past five years' data trends, with special attention to the exceptional year of 2020 due to regional lockdowns and their impact.
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EV SOLID State Battery Market Dynamics:
Market Drivers:
The global shift towards using renewable energy sources has led to a 1.7% increase in renewable energy usage in 2022 compared to 2019. The automotive industry, including electric transportation, has benefited from this trend. Electric vehicles, powered by solid-state batteries, have become a driving force, creating new opportunities for renewable energy integration. Companies like BMW, Tesla, Ford, Tata Motors, and Toyota Group are investing in this segment, capitalizing on the growing demand for EVs.
Furthermore, the demand for increased power in electric vehicles has prompted manufacturers to explore solid-state battery technology due to its higher power output compared to traditional lithium-ion and liquid state batteries. Toyota has pioneered this technology with a prototype EV featuring solid-state batteries.
EV SOLID State Battery Market Regional Insights:
North America, a front-runner in the EV SOLID State Battery Market, is expected to witness a robust CAGR of 7.9%, with its market size anticipated to hit USD 6.3 billion by 2021, extending into the forecast period of 2021-2029. The region's growth is attributed to heightened awareness regarding physical and mental well-being, spurred by the escalating prevalence of obesity and lifestyle-related ailments. The proactive engagement in physical activities by North Americans has significantly contributed to the expansion of the EV SOLID State Battery Market in the region.
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EV SOLID State Battery Market Segmentation:
by Type
2-Wheeler
Passenger car
Commercial Vehicle
by Propulsion
plug-in hybrid EV
battery electric vehicles,
fuel cell electric vehicles
by Vehicle
Class Mid-Range EV
Luxury EV
EV SOLID State Battery Market Key Players:
1. Toyota Motors
2. Tesla Motors
3. Tata Motors
4. Renault Group
5. Volkswagen Ag
6. Hyundai Group
7. Samsung SDI Co. Ltd
8. Nissan motors
9. Mitsubishi Motors
10. Kia Motors
11. Ford Motors
12. Morison Garage Group
13. General Motors
14. Mercedes
15. Porsche
16. Quantumscape
17. OLA
18. Honda corp
19. Okinawa Ltd
20. Ather energy
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Table of content for the EV SOLID State Battery Market includes:
1. Global EV SOLID State Battery Market: Research Methodology
2. Global EV SOLID State Battery Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global EV SOLID State Battery Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment | 2023-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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