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Solid State Battery Market worth $4.65 billion by 2030, growing at a CAGR of 17.50% - Exclusive Report by 360iResearch

03-04-2024 10:24 AM CET | Energy & Environment

Press release from: 360iResearch

Solid State Battery Market | 360iResearch

Solid State Battery Market | 360iResearch

The "Solid State Battery Market by Type (Bulk, Thin-film), Electrolyte Material Type (Oxide Solid Electrolyte, Polymer Solid Electrolyte, Sulfide Solid Electrolyte), Capacity, Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Solid State Battery Market to grow from USD 1.50 billion in 2023 to USD 4.65 billion by 2030, at a CAGR of 17.50%.

Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/solid-state-battery?utm_source=openpr&utm_medium=referral&utm_campaign=sample

The solid state battery market is a rapidly emerging sector within the energy storage industry, characterized by using solid electrolytes instead of liquid or gel-based electrolytes found in conventional lithium-ion batteries. Due to their non-flammable nature, these innovative batteries offer improved energy density, longer cycle life, and enhanced safety features. The market encompasses various solid state battery types such as ceramic, polymer, glass, and composite electrolyte materials. The increasing demand for efficient and long-lasting power sources in these sectors serves as a key driver for the growth of this market. Major factors driving the growth of the market include the global shift toward sustainable transportation leading to increased EV production and adoption, persistent demand for high-capacity portable power sources in consumer electronics, suitability of solid-state batteries under extreme operating conditions in aerospace & defense applications, and rising integration of renewable energy resources necessitating efficient storage solutions. However, high manufacturing costs for solid state batteries compared to traditional lithium-ion options may impede widespread adoption. Material compatibility issues between electrodes and electrolyte types pose performance optimization difficulties. Moreover, businesses need to concentrate on innovations to ensure sustained growth in the solid state battery market and overcome its limitations. These innovations include novel material development for creating efficient solid electrolytes with enhanced attributes and advanced manufacturing techniques offering scalable processes to accelerate innovation and reduce costs while expanding the market potential for solid state batteries.

The solid state battery market in the Americas is expected to experience significant growth owing to the rising demand for high-performance and safe energy storage solutions, technological advancements, and government initiatives promoting clean energy production. However, North America holds a substantial share of the global solid state battery market, driven by investments from government agencies and private firms aiming to develop advanced energy storage systems. In Europe, countries such as Germany, the UK, France, and Italy actively contribute to the growth of the global solid state battery market. The Asia-Pacific region is projected to be a key growth driver, fueled by rapid urbanization and the rising demand for consumer electronics that require advanced energy storage solutions. Latin America, the Middle East, and Africa are embracing solid-state batteries as their economies grow and renewable energy becomes crucial for long-term energy goals. Collaborations between the industry and governments worldwide are expected to shape the future of the solid state battery landscape in the upcoming period.

Market Segmentation & Coverage:

This research report categorizes the Solid State Battery Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Bulk and Thin-film. The Bulk commanded largest market share of 75.77% in 2023, followed by Thin-film.

Based on Electrolyte Material Type, market is studied across Oxide Solid Electrolyte, Polymer Solid Electrolyte, and Sulfide Solid Electrolyte. The Polymer Solid Electrolyte commanded largest market share of 40.23% in 2023, followed by Oxide Solid Electrolyte.

Based on Capacity, market is studied across 500 MAH & Above, Between 20 MAH & 500 MAH, and Less than 20 MAH. The Between 20 MAH & 500 MAH commanded largest market share of 42.87% in 2023, followed by 500 MAH & Above.

Based on Application, market is studied across Consumer & Portable Electronics, Electric Vehicle, Energy Harvesting, and Wearable & Medical Devices. The Consumer & Portable Electronics commanded largest market share of 42.98% in 2023, followed by Electric Vehicle.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, Massachusetts, Michigan, New York, Ohio, Oregon, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 39.67% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Solid State Battery Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Solid State Battery Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Solid State Battery Market, highlighting leading vendors and their innovative profiles. These include Ampcera Inc., Basquevolt S.A.U., Beijing WeLion New Energy Technology Co., Ltd., Blue Solutions S.A.S. by Bolloré SE, Limited, Coros Battery Co., Ltd., Enevate Corporation, Factorial Inc., Ganfeng Lithium Group Co., Ltd, Hitachi Zosen Corporation, Honda Motor Co., Ltd., Ilika PLC, Ion Storage Systems, Johnson Energy Storage, Inc., Johnson R&D, LG Energy Solution Co., Ltd., Maxell, Ltd., Murata Manufacturing Co., Ltd., Natrion Inc., Nissan Motor Co., Ltd., Niterra Co., Ltd., Panasonic Holdings Corporation, ProLogium Technology Co., Ltd., QuantumScape Corporation, Robert Bosch GmbH, Sakuu Corporation, Samsung SDI Co., Ltd., SK Inc., Solvay S.A., STMicroelectronics N.V., TDK Corportation, Theion GmbH, Toyota Motor Corporation, Volta Energy Technologies, and Yoshino Technology, Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Solid State Battery Market, by Type
7. Solid State Battery Market, by Electrolyte Material Type
8. Solid State Battery Market, by Capacity
9. Solid State Battery Market, by Application
10. Americas Solid State Battery Market
11. Asia-Pacific Solid State Battery Market
12. Europe, Middle East & Africa Solid State Battery Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Solid State Battery Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Solid State Battery Market?
3. What is the competitive strategic window for opportunities in the Solid State Battery Market?
4. What are the technology trends and regulatory frameworks in the Solid State Battery Market?
5. What is the market share of the leading vendors in the Solid State Battery Market?
6. What modes and strategic moves are considered suitable for entering the Solid State Battery Market?

Read More @ https://www.360iresearch.com/library/intelligence/solid-state-battery?utm_source=openpr&utm_medium=referral&utm_campaign=analyst

Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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