Solid State Battery Market Growth Analysis, Emerging Trends and Forecast to 2028


Key Revenue

Solid State Batteries are gaining traction in various applications due to their advantages such as high energy density, faster charging, safety advantages, and long shelf life over conventional batteries. The Global Solid State Battery Market Size is estimated to grow from USD 58 million in 2022 to USD 314million by 2028; it is expected to grow at a CAGR of 32.5% from 2022 to 2028. Rising requirement of Solid-State Batteries in electric vehicles, the increasing trend toward the miniaturization of consumer electronics, and growing R&D activities by major companies are a few of the major factors driving the growth of the market.

The below 20 mAh segment dominated the market in 2021, in terms of size, and held majority share of the overall market.

Batteries that fall under the capacity range of below 20 mAh are mostly thin-film batteries and are widely used in applications such as packaging, wireless sensors, medical & cosmetic patches, and other low drain devices. Being compact and having limited internal space, these low drain devices do not require high-capacity batteries for operation. Increasing demand for Solid-State Batteries from the applications is expected to drive the market in the near future.

Download PDF Sample @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=164577856

The Solid-State Battery Market for secondary batteries is expected to grow at a higher CAGR during the forecast period.

The most used batteries, thin-film and solid-state chip batteries are a type of secondary batteries. Secondary or rechargeable batteries are used in medical devices, electric vehicles, wireless sensors, wearables, and consumer electronics. With advancements in the technologies of wearables and medical devices and the advent of (electric vehicles) EVs, manufacturers have begun to recognize the importance of batteries that offer greater reliability, longer ranges, and are low cost. For the EV market, size and weight are as significant as cycle life. Therefore, the demand for secondary micro batteries is high and is expected to rapidly increase during the forecast period.

Europe is expected to grow at the highest CAGR during the forecast period.

Major applications of the Solid-State Battery Market in Europe include packaging, consumer electronics, electric vehicles, and medical devices such as Robert Bosch (Germany) and Ilika (UK), and Blue Solutions (France) are developing the next-generation flexible devices. These devices require power sources that are small and have high power density to complement the product design; thin-film batteries fulfil these requirements. According to (International Energy Agency), Europe has overtaken China and become the main market for electric vehicles. The Solid-State Battery Market in Europe includes regions such as the UK, Germany, France, and the Rest of Europe.

Key Players

Cymbet (US), Robert Bosch (Germany), Toyota Motor (Japan), Solid Power (US), Excellatron Solid State (US), and BrightVolt (US) are a few of the major companies operating in the Solid-State Battery Market.

For More Details - https://www.marketsandmarkets.com/Market-Reports/solid-state-battery-market-164577856.html

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers mar...
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Cir...
Read more

Empowering Connectivity: RF Gallium Nitride Market on Track for $2.8 Billion by 2028

With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience significant expansion from its estimated USD 1.5 billion valuation in 2023. Over the course of the forecast period, this projected growth translates into a strong compound annual growth rate (CAGR) of 12.9%. Technological developments, the growing need for high-frequency and high-power devices, and the broad use of GaN technology in a variety of industries, including the automotive, aerospace and defence, and telecommunications sectors, are all considered contributing factors to the market value increase. The market is anticipated to experience substantial growth in the upcoming years as GaN continues to establish itself as a favoured material for RF applications because of its excellent qualities, such as high electron mobility and thermal stability. Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597 There are...
Read more