Solid State Battery Market Size 2021 Industry Share, Global Trend, In-Depth Players Analysis, Revenue, COVID-19 Impact and Recovery, Supply, Development Growth, Upcoming Demand, Regional Outlook till 2027

Solid state battery is a technology, which utilizes both solid electrodes and solid electrolytes. It is an ideal substitute of conventional lithium-ion battery. It is comparatively smaller and cheaper as compared to current liquid-based lithium-ion batteries. Also, the current lithium-ion batteries are flammable and create a lot of heat.

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Getting rid of the liquid electrolyte used in today’s lithium-ion batteries results in higher energy density, faster charging times, and lesser need for battery cooling. Thus, manufacturers focus on developing and using batteries containing solid electrolyte to prevent leakage and attain higher energy density and faster charging time. In 2014, Sakti announced the production of a battery, which are expected to feature twice the density as compared to conventional batteries, and are cost-effective.

Several other industry giants have also started developing solid state batteries that can be used for different applications. Volkswagen has made a major investment in California solid-state battery startup QuantumScape, to begin production of solid-state batteries for electric vehicle by 2025.

Increase in application of solid state batteries in the electric vehicle, healthcare, wearable, and drone sectors drives the growth of the global solid state battery market. Moreover, rise in need for solid state batteries in electric vehicle boosts the market growth. However, complex manufacturing process and high cost of solid state batteries restrain the market growth. Conversely, increase in investment in the market, by industry giants such as Samsung and Hyundai is anticipated to offer future growth opportunities for the market.

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The global solid state battery market is segmented based on type, capacity, application, and region. Based on type, the market is bifurcated into thin film and portable battery. By capacity, the market is divided into less than 20 mAh, between 20 mAh & 500 mAh, and 500 mAh & above capacity batteries. Depending on application, it is fragmented into consumer & portable electronics, electric vehicle, energy harvesting, wearable & medical devices, and others. Based on region, the global solid state battery market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major key players operating in the global solid state battery market include Cymbet Corporation, Seeo Inc. (Robert Bosch GmbH subsidiary), StmicroElectronics N.V., Toyota Motor Corporation, Sakti3 Inc. (Dyson Ltd subsidiary), and Brightvolt, Inc. The other key players include Excellatron Solid State, LLC, Infinite Power Solution, Inc., Planar Energy Devices, Inc., QuantumEscape, Altairnano, and Solid Power, Inc.

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Key Benefits for Solid State Battery Market:

Porter’s five forces analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the industry for strategy building.
This report outlines the current trends and future scenario of the solid state battery market from 2018 to 2025 to understand the prevailing opportunities and potential investment pockets.
Major countries in each region are mapped according to their individual revenue contribution to the global/regional market.
The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
The profiles of the key players along with their key strategic developments are enlisted in the report.

COVID-19 Impact

The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the global solid state battery market also experienced a slowdown. Statista estimates that the chemical industry’s total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the chemical industry generated revenues of US$ 5.4 trillion at a record high.

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The degree of competition among prominent global companies has been developed by analyzing several leading chemical  market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies. 

Solid State Battery Key Market Segments:

By Type

Thin-film
Portable

By Capacity

Less than 20 mAh
Between 20 mAh and 500 mAh
500 mAh and above

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By Application

Consumer and Portable Electronics
Electric Vehicle
Energy Harvesting
Wearable and Medical Devices
Others

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA

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Key questions answered in the global solid state battery market report are:

How does a global company acquire markets?

What are its core strategies and policies?

What factors will influence the chemical market over the forecast period?

What are the factors driving and restraining the market for chemicals?

What are the leading competitors in the global market?

Which region is growing at a higher pace in the global market?’

This report covers aspects of the regional analysis market.

The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

This report analyzes current and future market trends by region, providing information on product usage and consumption.

Reports on the market include the growth rate of every region, based on their countries over the forecast period.

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What factors are taken into consideration when assessing the key market players?

The report analyzes companies across the globe in detail.

The report provides an overview of major vendors in the market, including key players.

Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.

This report includes a comparison of market competitors and a discussion of the standpoints of the major players.

Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future.

The report offers the current state of the market and future prospects for various geographical regions.

This report provides both qualitative and quantitative information about the competitive landscape of the market.

Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.

It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.

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