Solid State Battery Market to Grow at a CAGR of 9.02% during 2022-2030 - Business Market Insight

The solid-state battery market is expected to cross US$ 2.12 billion in 2022 and is expected to hit US$ 6.45 billion by 2030, recording a CAGR of 9.02% during the forecast period.

The growing trend of miniaturisation of gadgets such as mobile phones, watches, and medical equipment has increased demand for tiny electronic systems and devices; yet, the size of batteries frequently makes it difficult for designers to build miniaturised items. The battery occupies a significant section of any system, which is the primary reason for its increased size. This has increased demand for solid-state batteries, which enable system downsizing and portability. Because these batteries are flexible and thin, they can be used in any small electrical gadget.

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Solid-state batteries are more secure, less expensive, and last longer. Sodium-ion chemistries are particularly promising since sodium is cheap and plentiful, in contrast to lithium, which is mined at a great environmental cost. The ultimate goal is to develop batteries for large-scale grid energy storage applications, specifically to reduce peak demand using renewable energy sources. Solid-state batteries have higher energy density, a solid structure, and better stability than lithium-ion batteries; however, they have significant disadvantages, such as limited ionic conductivity, being extremely reactive, and being more expensive. These constraints can be overcome by using alternative solidstate electrolytes (SSEs) constructed of different materials.

Major key players covered in this Solid State Battery Market report:

BrightVolt Solid State Batteries
Cymbet
STMicroelectronics
ProLogium Technology CO., Ltd.
QuantumScape Corporation

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Type:
ESD Lead Acid
Nickel Metal Hybrid Battery
Lithium-Ion
Lithium Metal Battery

Capacity:
Safety Sensors
Less than 20 mAh
20 mAh-500 mAh
Above 500 mAh

Application:
Electric Vehicles
Smart Card
Medical Devices
Consumer Electronics
Wireless Devices

Solid State Battery Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2022 to 2030.

Major Key Points of Solid State Battery Market
• Solid State Battery Market Overview
• Solid State Battery Market Competition
• Solid State Battery Market, Revenue and Price Trend
• Solid State Battery Market Analysis by Application
• Company Profiles and Key Figures in Solid State Battery Market
• Market Dynamics
• Methodology and Data Source

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Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well informed decision. Competitive landscape Solid State Battery Market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

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