The global solid
state battery market is foreseen to grow by 35.7%, from USD 62.48 Million in
2021 to USD 718.42 Million in 2029. Growing prevalence of solid-state batteries
in electric vehicles, longer shelf life offered by solid-state batteries than
traditional batteries, ongoing miniaturization of electronic devices is to drive
the market for the upcoming forecast period. However, complex manufacturing
processes of solid-state batteries, high manufacturing costs of solid-state
batteries remains one factor hindering the market growth over the anticipated
period.
Market Definition
What is Solid State Battery?
A solid-state battery has higher energy density than a
Li-ion battery that uses liquid electrolyte solution. It doesn't have a risk of
explosion or fire, so there is no need to have components for safety, thus
saving more space.
Market Overview
The
solid state battery market search study helps to thoroughly understand the
current trend in the market competitive analysis of the players in the emerging
market. Moreover, the DRO in the solid state battery market offers valuable
perspicuity and a current scenario for making the right decision. The research
study covers the eminent players in the market with a detailed analysis of the
company and a financial overview containing their net sales, business mix and
geographical reach It mainly focuses on the key developments of the
products/services offered by the company in recent years. Besides, we at
Zettabyte have the expertise to analyses the global Solid state battery market player's
competitive landscape helping the client comprehend their specific strategic
growth approaches.
Solid state
battery market study by "Zettabyte Analytics" offers details about
the market scope, market segmentation, technological advancement in the Solid
state battery market and highlights the optimistic, competitive landscape and
trends enduring over the years.
Major players in
the Solid state battery market include Blue Solutions, Brightvolt, Catl
(Contemporary Amperex Technology Co. Limited), Cymbet, Dyson Ltd., Excellatron
Solid State, Factorial Energy, Gangfeng Lithium, Ilika, Ioniq Materials, LG
Chem, Lionvolt, Ngk Spark Plug, Northvolt, Prieto Battery, Prologium
Technology, Qing Tao Energy Development, Quantumscape, Robert Bosch, Sakuu
Corporation, Samsung, SK Innovation, Solid Power, Storedot Ltd., Toyota Motor.
COVID-19 Impact on Global Solid
state battery Market
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. the impact of COVID-19 on the Solid state battery
market has forced the companies to change their sourcing, pricing, and
promotion strategies. the solid state battery market players are seen focusing
more on optimizing the e-commerce networks with the rising innovations in the
digital sector, which are creating new business models for the semiconductor industry
player.
Research Scope
The report
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). the market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
Key industry
dynamics, regulatory scenarios, major material dynamics and solid state battery
market future markets are analyzed to understand their impact on demand for the
forecast period. growth rates have been estimated using correlation, regression
and time-series analysis.
Market Segmentation
For the purpose
of this report, the global solid state battery market segmented on the basis of
product type, rechargeability, capacity, application, and region:
Product Type Outlook:
On the basis of
product type, the market is segmented into single-cell battery, multi-cell
battery.
Figure 1 Solid State Battery Market By Product
Type (Market Size And Forecast By Value - USD Million, 2021 & 2029)

Rechargeability Outlook:
On the basis of
rechargeability, the market is segmented into primary battery, secondary
battery.
Capacity Outlook:
On the basis of
capacity, the market is segmented into Below 20 mAh,, Between 20 mAh and 500
mAh, Above 500 mAh.
Application Outlook:
On the basis of
application, the market is segmented into consumer electronics, electric
vehicles, energy harvesting, medical devices, packaging, wireless sensors,
others.
Figure 2 Application Outlook (Revenue, USD Million,
2021)

Regional Outlook (Revenue, USD million; 2021
& 2029)
Regional Outlook
(Revenue, USD million; 2018-2029)
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North America
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U.S.
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Canada
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Europe
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Germany
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U.K.
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France
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Spain
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Italy
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Rest of the Europe
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Asia Pacific
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India
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Japan
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China
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South Korea
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Australia
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Rest of Asia-Pacific
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Middle East & Africa
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UAE
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Saudi Arabia
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South Africa
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Rest of Middle East & Africa
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Latin America
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Brazil
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Mexico
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Argentina
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Rest of Latin America
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Figure 3 Solid State Battery Market: Regional
Dynamics
