Solid State Battery Market to Grow USD 3.4 Billion by 2030 at a CAGR of 18% - Valuates Reports
The global Solid State Battery Market size was valued at USD 0.5 Billion in 2020, and is projected to reach USD 3.4 Billion by 2030, growing at a CAGR of 18% from 2021 to 2030.
BANGALORE, India, Aug. 30, 2022 /PRNewswire/ -- Solid State Battery Market is segmented By Type (Portable, Thin Film), By Application (Consumer and Portable Electronics, Electric Vehicle, Energy Harvesting, Wearable and Medical Devices, Others), By Capacity (Less than 20 mAh, 20 mAh to 500 mAh, More than 500 mAh) : Global Opportunity Analysis and Industry Forecast, 2022 - 2028. It is published in Valuates Reports under the Electronics & Electrical Category.
The global Solid State Battery Market size was valued at USD 0.5 Billion in 2020, and is projected to reach USD 3.4 Billion by 2030, growing at a CAGR of 18% from 2021 to 2030.
Major Factors Driving The Growth Of The Solid State Battery Market
The increasing R&D initiatives related to solid-state batteries, miniaturization of electronic devices, and longer shelf life offered by the batteries will drive the growth of the market.
The rising investments for use in medical wearable devices and EVs will fuel the market's growth in the coming years.
Get Your Sample Today:
https://reports.valuates.com/request/sample/ALLI-Auto-2E314/Solid_State_Battery_Market
TRENDS INFLUENCING THE GROWTH OF THE GLOBAL SOLID-STATE BATTERY MARKET
Consumer electronic items are getting smaller and lighter making them easier to use. Different devices have different requirements for operating at high temperatures and humid conditions. The solid electrolytes inside the batteries include materials such as polymers, ceramics, sulfides, phosphates, and oxides. They are intrinsically safer and ideal to use in portable electronics. The electrolytes are less flammable, stable, and less prone to thermal runaway which causes battery explosions. This will push the solid-state battery market forward in the coming years. The battery charges quickly and lasts longer.
Medtech devices are passive implants and wearables. However, the devices are getting internet and communication enabled, requiring the need for more mobile power. Implants are being developed that have miniature batteries for powering the devices. Solid state batteries are suitable as they do not pose any risk of leakage and are small enough to be used in implantable devices. Customization for specific capacity and design is possible along with longer shelf life. This will surge the growth of the solid-state battery market in the forthcoming years. A safe solid electrolyte is used and the thin stainless steel substrate enhances the Volumetric Energy Density. The mechanical strength is high with efficient conductance and moisture barrier capacity. These batteries are way more reliable and robust than their lithium-ion coin cell counterparts.
Solid state batteries have a higher energy density than lithium-ion batteries that use liquid electrolyte solutions. The risk of explosion or fire is negligible thereby requiring no safety components and having more space. The batteries are compact and last up to 10000 cycles for EVs in comparison to lithium-ion which ranges between 2000 to 3000 cycles before gradual degradation. The energy storage density is higher, with increased reliability and wear resistance. The fast charging capacity improves the operational safety of the vehicle and provides high thermal stability. This will bolster the growth of the solid-state battery market. Several automotive companies are actively making investments in enhancing solid-state battery performance.
Browse The Table of Contents And List of Figures At:
https://reports.valuates.com/market-reports/ALLI-Auto-2E314/solid-state-battery
SOLID STATE BATTERY MARKET SHARE ANALYSIS
Based on type, the portable segment will dominate the solid-state battery market share due to the increasing adoption of solid-state rechargeable batteries in portable devices, and the continuous demand for tablets, laptops, and smartphones will also boost the growth.
Based on application, the consumer and portable electronics segment will witness considerable growth due to rapid urbanization, huge consumer spending on electronic items, and safety concerns regarding the use of liquid-based electrolytes.
Based on capacity, the 20 mAH- 500 mAH segment will grow the highest owing to the huge demand for solid-state batteries from applications including energy storage, electronics items, and wearables.
Based on region, Asia-Pacific will maintain the lead in the solid state battery market share due to the presence of a huge consumer base, the rapid development of renewable energy, and the growing use of battery energy storage systems.
https://reports.valuates.com/request/customisation/ALLI-Auto-2E314/Solid_State_Battery_Market
https://reports.valuates.com/request/regional/ALLI-Auto-2E314/Solid_State_Battery_Market
Key players:
- Volkswagen AG
- Cymbet Corporation Front Edge
- Infinite Power Solution
- Seeo Inc. (Robert Bosch GmbH Subsidiary) Saft
- Excellatron Solid State
- BrightVolt
- PATHION
- Solid Power
- Samsung SDI Co. Ltd.
https://reports.valuates.com/request/chaptercost/ALLI-Auto-2E314/Solid_State_Battery_Market
Buy Now for Single User + Covid-19 Impact :
https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Auto-2E314&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS
- The global lithium-ion battery market was valued at USD 36.7 billion in 2019 and is projected to hit USD 129.3 billion by 2027 at a CAGR of 18.0% from 2020 to 2027.
- The global Lithium-Ion Battery Separator market size is estimated to be worth USD 3808.9 million in 2022 and is forecast to be a readjusted size of USD 6565.8 million by 2028 with a CAGR of 9.5% during the review period.
- The global graphene battery market size was valued at USD 48.8 million in 2019 and is projected to reach USD 398.6 million by 2027, to register a CAGR of 31.2% during the forecast period.
- The global Zinc-Air Batteries market size is estimated to be worth USD 418.9 million in 2022 and is forecast to a readjusted size of USD 607.8 million by 2028 with a CAGR of 6.4% during the review period.
- The global Lithium-ion Battery Recycling market size is projected to reach USD 24930 million by 2028, from USD 2543 million in 2021, at a CAGR of 38.1% during 2022-2028.
- In 2020, the global Battery Separator market size was USD 8218.6 million and it is expected to reach USD 18940 million by the end of 2027, with a Compound Annual Growth Rate (CAGR) of 12.7% during 2021-2027.
- The global marine battery market size was valued at USD 0.37 billion in 2021 and is projected to reach USD 1.99 billion in 2030 growing at a CAGR of 20.5%.
- The global lithium-iron phosphate batteries market size was valued at D5.6 billion in 2020, and the lithium-iron phosphate batteries market is forecast to reach D9.9 billion by 2030 at a CAGR of 5.9% from 2021 to 2030.
- The global lead–acid battery market size was valued at USD 39.7 billion in 2018, and is projected to reach USD 59.7 billion by 2026, growing at a CAGR of 5.24% from 2019 to 2026.
- The global Military Battery market size is estimated to be worth USD 2113 million in 2022 and is forecast to a readjusted size of USD 2751.7 million by 2028 with a CAGR of 4.5% during the review period.
- Industrial Batteries market size is estimated to be worth USD 6229.2 million in 2022 and is forecast to be a readjusted size of USD 8065.5 million by 2028 with a CAGR of 4.4% during the review period.
- The global Battery Management System (BMS) market was valued at USD 4862 million in 2020 and it is expected to reach USD 30680 million by the end of 2027, growing at a CAGR of 30.1% during 2021-2027.
- Seawater Battery market size was US$ 2 million and it is expected to reach US$ 26 million by the end of 2027, with a CAGR of 35.8% during 2021-2027.
- The global Electric Scooter and Motorcycle market size is estimated to be worth USD 7885 million in 2022 and is forecast to a readjusted size of USD 12170 million by 2028 with a CAGR of 7.5% during the review period.
- The global EV Charging Cables market is estimated to be worth USD 618.4 million in 2022 and is forecast to a readjusted size of USD 3672.2 million by 2028 with a CAGR of 34.6% during the review period.
- The global Electric Vehicle (EV) Charging Stations market size is estimated to be worth USD 2419.2 million in 2022 and is forecast to a readjusted size of USD 12490 million by 2028 with a CAGR of 31.5% during the review period.
- Metal-air Battery market size is estimated to be worth USD 608.3 million in 2022 and is forecast to be a readjusted size of USD 1335.3 million by 2028 with a CAGR of 14.0% during the review period.
- Global EV Solid State Battery Market Research Report 2022
- Global Solid-State Lithium Battery Market Size, Status and Forecast 2022-2028
- Global Thin-film Solid State Battery Market Insights, Forecast to 2028
- Global Portable Solid State Battery Market Insights, Forecast to 2028
- Global Vehicle All-Solid-State Battery Market Research Report 2022
- Global Tritium Batteries Market Insights, Forecast to 2028
- Global Airplane Battery Market Insights, Forecast to 2028
- Global Lithium Battery Slitting Machine Market Insights, Forecast to 2028
- Global Residential Solar Battery Market Research Report 2022
Click Here To See Related Reports on Solid State Battery Market
About Us:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
Contact Us:
Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
