Solid State Battery Market In-Depth Analysis By Key Players, Type and Applications Forecast to 2030
Emergen Research Logo
Rising popularity of solid-state batteries due to longer shelf life than conventional batteries and rapid increase in demand for miniaturized power sources
VANCOUVER, BC, CANADA, May 11, 2023 /EINPresswire.com/ -- According to the latest analysis by Emergen Research, the global market size of Solid State Battery (SSB) Market was USD 630.5 Million in 2021, and it is expected to register a revenue CAGR of 36.3% over the forecast period. The market is being driven by the rising popularity of solid-state batteries, owing to their longer shelf life compared to conventional batteries, and the increasing demand for miniaturized power sources. Additionally, the market is expected to witness growth due to the increasing dependency on AI for battery research. The majority of problems with modern Li-ion batteries can be solved by using solid-state batteries. By adding an alkali-metal anode (lithium, sodium, or potassium) to a glass solid-state battery, its energy density can be increased threefold, boosting the energy density of a cathode and prolonging its cycle life.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/1321
A solid-state electrolyte is assumed to be non-combustible or self-ignite-resistant, and the incombustibility of solid-state batteries also reduces the likelihood of thermal runaway, allowing for more compact cell packaging and enhancing design flexibility and volumetric density. As a result of the rapid development of electronic technology, electronic devices have shrunk in size dramatically, from meter scales such as personal computers to millimeter and finally to micro-/nanometer scales. These tiny electronic devices can be integrated into flexible substrates, giving rise to the idea of wearable technologies with minimal loss of capability and flexibility. Solid-state batteries are also being developed worldwide to replace traditional lithium-ion batteries. Because they use a solid electrolyte material rather than a liquid electrolyte, the possibility of leakage and fire is avoided. Moreover, these next-generation batteries offer greater safety, high reliability, and longer lifespan.
Some Key Highlights from the Report
On 06 October 2021, BrightVolt Solid State Batteries received a funding of USD 16 Million Series B financing round with significant investments by New Science Ventures (NSV) and Caterpillar Venture Capital Inc. This additional money will be used to create larger form factor solutions aimed at markets for industrial electrification and e-mobility.
The multi-cell battery segment accounted for largest share in 2021. Multi-cell battery enables weaker cell to receive a discharge from battery pack as a whole. Main benefit of this approach is that any weak cell can receive charge from entire pack without needing to be transferred from a single higher voltage cell.
The Asia Pacific market is expected to account for largest revenue share during the forecast period. Market revenue growth is being driven by rising consumer electronics device sales and declining production costs in countries within the region and increasing cooperation between public and commercial organizations to advance Research & Development (R&D).
Some major companies in the market report include Samsung SDI Co. Ltd., Solvay, Cymbet Corporation, Pathion Inc., Saft, Johnson Energy Storage, Inc., Toyota Motor Corporation, BrightVolt Solid State Batteries., Solid Power, and Contemporary Amperex Technology Co., Ltd.
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now)@ https://www.emergenresearch.com/request-discount/1321
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Solid State Battery market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Solid State Battery market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Solid State Battery market.
Competitive Terrain:
The global Solid State Battery industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/solid-state-battery-market
Segments Covered in this report are:
Application Outlook (Revenue, USD Million, 2019–2030)
Consumer Electronics
Electric Vehicles
Energy Harvesting
Medical Devices
Packaging
Wireless Sensors
Battery Type Outlook (Revenue, USD Million, 2019–2030)
Single-Cell Battery
Multi-Cell Battery
Capacity Outlook (Revenue, USD Million, 2019–2030)
Below 20 mAh
Above 500 mAh
Regional Outlook:
North America (the U.S., Canada, Mexico)
Europe (the U.K., Germany, France, Italy)
Asia Pacific (India, China, Japan, Korea)
Latin America (Brazil, Argentina, Ecuador, Chile)
Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)
Request Customization as per your specific requirement@ https://www.emergenresearch.com/request-for-customization/1321
Thank you for reading our report. For further details or to inquire about customization, please let us know and we will offer you the report as per your needs.
Latest Published Reports by Emergen Research:
Driver Monitoring Systems Market
https://www.prnewswire.co.uk/news-releases/driver-monitoring-systems-market-size-worth-usd-2-39-billion-by-2027-cagr-of-10-6-emergen-research-815100926.html
graphene market
https://prtimes.jp/main/html/rd/p/000000067.000082259.html
Unmanned Aerial Vehicle Market
https://www.prnewswire.co.uk/news-releases/unmanned-aerial-vehicle-market-size-to-reach-usd-77-69-billion-in-2030-increasing-demand-for-uavs-in-military-applications-is-one-of-the-key-factors-driving-industry-demand-says-emergen-research-850195046.html
Battery Monitoring System Market
https://www.globenewswire.com/news-release/2021/06/02/2240706/0/en/Battery-Monitoring-System-Market-Size-to-Reach-USD-13-40-Billion-in-2028-Increasing-Initiatives-by-Governments-for-Development-of-Advanced-Batteries-for-Electric-Vehicles-are-Key-F.html
About Emergen Research
At Emergen Research, we believe in advancing with technology. We are a growing Marketresearch and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Eric Lee
Emergen Research
+91 90210 91709
sales@emergenresearch.com
Visit us on social media:
Facebook
Twitter
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
