Solid-State Battery Market Surpasses $589.8 Million in 2022, Fueled by Consumer Electronics Dominance and Safety Concerns
Key players in the solid-state battery market include STMicroelectronics N.V., Toyota Motor Corporation, SAMSUNG SDI CO., LTD, Hitachi Zosen Corporation, and ProLogium Technology Co., Ltd.
- Key players in the solid-state battery market include STMicroelectronics N.V., Toyota Motor Corporation, SAMSUNG SDI CO., LTD, Hitachi Zosen Corporation, and ProLogium Technology Co., Ltd.
- These companies are actively pursuing partnerships, collaborations, and acquisitions to expand their product offerings and market presence.
- Growing Concerns Related to Lithium-Ion Battery Safety: The demand for solid-state batteries is fueled by concerns about lithium-ion battery failures and explosions, especially in applications like electric vehicles, where safety is paramount.
- The industry's focus on safety and performance is propelling solid-state batteries to the forefront of energy storage technology.