Product Code: 3885
Solid State Battery Market is anticipated to demonstrate a positive trajectory from 2023 to 2032, impelled by the rising trend toward EVs. Electric vehicles have witnessed a significant surge over the past few years owing to the ambitious targets set toward lowering the vehicles' emissions. Supportive policies and increasing investment in electric vehicles have contributed toward reducing global consumer barriers.
Solid-state batteries deliver 2.5 times more energy density as compared to lithium-ion batteries. Besides, they are comparatively more durable, safer, reliable, less expensive, lighter in weight, and compact in nature. The solid electrolyte used in solid-state batteries is non-flammable, making them less prone to catch fire.
Overall, the solid-state battery industry is segmented in terms of product, capacity, application, and region.
Based on the product, the thin-film product segment is slated to grow considerably during 2023-2032. These batteries offer high-power density and safety and are durable. Product usage across various applications, including radio frequency identification tags, smart cards, renewable energy storage devices, portable electronics, neural stimulators, pacemakers, defibrillators, and wireless sensors anticipated to increase their penetration through the estimated timeframe.
By capacity, the above 500 mAh segment will gain prominence globally owing to the constant investments by private players toward commercializing these batteries for electric vehicles.
In addition, mounting investments toward sustainable energy technologies have offered a substantial boom to the energy storage industry, with several key players opting for new and advanced battery technology for energy storage.
Considering the application, the industrial segment will exhibit over 32% by 2032. Increasing deployment of solid-state batteries across the military, medical, and marine industries will support the segmental expansion. The wide application of such batteries across WBAN, pacemakers, implantable devices, smart lenses, and other medical purposes will influence the solid-state battery demand in the ensuing years.
Constant technological advancements have enhanced utilization across military base stations, vehicles, and other operations. Furthermore, the rising demand for safe, efficient, and bulk energy storage systems across the manufacturing, chemical, and food & beverage industry will propel the industry growth over the forecast timeframe.
Regionally, the Europe solid-state battery industry will record substantial growth through 2032. Increasing regional investment in developing medical facilities and related equipment in hospitals, clinics, and other infrastructure will bolster the industry outlook. Besides, supportive policies to encourage the adoption of renewable energy systems will stimulate product demand across energy storage applications in the region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope and definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Solid state batteries industry 360 degree synopsis, 2019 - 2032
- 2.1.1 Business trends
- 2.1.2 Product trends
- 2.1.3 Capacity trends
- 2.1.4 Application trends
- 2.1.5 Regional trends
Chapter 3 Solid State Batteries Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Regulatory landscape
- 3.2.1 U.S.
- 3.2.1.1 Consumer Product Safety Commission (CSPC)
- 3.2.1.2 DOE VTO Advanced Battery R&D Program
- 3.2.2 Europe
- 3.2.3 EU Battery Directive
- 3.2.4 European Battery Alliance (EBA)
- 3.2.4.1 Strategic action plan for batteries:
- 3.2.5 UK
- 3.2.6 Northern Ireland
- 3.2.7 Scotland
- 3.2.8 Germany
- 3.2.9 Sweden
- 3.2.10 Austria
- 3.2.11 China
- 3.2.12 Japan
- 3.2.12.1 International Battery Standards
- 3.2.12.2 Global electric vehicle sales trends and forecast
- 3.2.12.3 Customer requirement
- 3.2.12.4 Customer group requirements
- 3.2.12.5 Entry barriers
- 3.2.13 India
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.1.1 Increased spending on consumer electronics
- 3.3.1.2 Positive outlook towards electric vehicles
- 3.3.1.3 Growth in renewable energy sector
- 3.3.2 Industry pitfalls & challenges
- 3.3.2.1 High initial cost
- 3.4 Growth potential analysis
- 3.5 Porter's Analysis
- 3.5.1 Bargaining power of supplier
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitute
- 3.6 PESTEL Analysis
Chapter 4 Solid State Battery Industry Insights
- 4.1 Innovation & sustainability landscape
- 4.1.1 Samsung SDI Co., Ltd.
- 4.1.2 Hitachi Zosen Corporation
- 4.1.3 Ilika Ltd.
- 4.1.4 Toyota
- 4.2 Competitive landscape, 2022
- 4.2.1 Strategy dashboard
- 4.2.1.1 Samsung SDI Co., Ltd.
- 4.2.1.1.1 Development
- 4.2.1.1.2 Production
- 4.2.1.2 Hitachi Zosen Corporation
- 4.2.1.3 Cymbet
- 4.2.1.4 Solid Power
- 4.2.1.4.1 Partnership
- 4.2.1.4.2 Agreement
- 4.2.1.4.3 Collaboration
- 4.2.1.5 Ilika
- 4.2.1.5.1 Partnership
- 4.2.1.5.2 Development
- 4.2.1.5.3 Project
- 4.2.1.6 Prieto Battery Inc.
- 4.2.1.7 Toyota Motor Corporation
- 4.2.1.7.1 Partnership
- 4.2.1.7.2 Joint Venture
- 4.2.1.8 QuantumScape Corporation
- 4.2.1.8.1 Expansion
- 4.2.1.8.2 Collaboration
- 4.2.1.9 Ion Storage Systems
- 4.2.1.10 Beijing Weilan New Energy Technology Co., Ltd.
Chapter 5 Solid State Batteries Market, By Product
- 5.1 Key product trends
- 5.2 Portable
- 5.2.1 Global market from portable, 2019 - 2032
- 5.2.2 Global market from portable, by region, 2019 - 2032
- 5.3 Thin-film
- 5.3.1 Global market from thin-film, 2019 - 2032
- 5.3.2 Global market from thin-film, by region, 2019 - 2032
Chapter 6 Solid State Batteries Market, By Capacity
- 6.1 Key capacity trends
- 6.2 Below 20 mAh
- 6.2.1 Global market from below 20 mAh, 2019 - 2032
- 6.2.2 Global market from below 20 mAh, by region, 2019 - 2032
- 6.3 20 - 500 mAh
- 6.3.1 Global market from 20 - 500 mAh, 2019 - 2032
- 6.3.2 Global market from 20 - 500 mAh, by region, 2019 - 2032
- 6.4 Above 500 mAh
- 6.4.1 Global market from above 500 mAh, 2019 - 2032
- 6.4.2 Global market from above 500 mAh, by region, 2019 - 2032
Chapter 7 Solid State Batteries Market, By Application
- 7.1 Key application trends
- 7.2 Industrial
- 7.2.1 Global market from industrial, 2019 - 2032
- 7.2.2 Global market from industrial, by region, 2019 - 2032
- 7.3 Automotive
- 7.3.1 Global market from automotive, 2019 - 2032
- 7.3.2 Global market from automotive, by region, 2019 - 2032
- 7.4 Consumer electronics
- 7.4.1 Global market from consumer electronics, 2019 - 2032
- 7.4.2 Global market from consumer electronics, by region, 2019 - 2032
- 7.5 Energy storage
- 7.5.1 Global market from energy storage, 2019 - 2032
- 7.5.2 Global market from energy storage, by region, 2019 - 2032
- 7.6 Others
- 7.6.1 Global market from others, 2019 - 2032
- 7.6.2 Global market from others, by region, 2019 - 2032
Chapter 8 Solid State Batteries Market, By Region
- 8.1 Key regional trends
- 8.2 North America
- 8.2.1 North America market, 2019 - 2032
- 8.2.2 North America market by product, 2019 - 2032
- 8.2.3 North America market by capacity, 2019 - 2032
- 8.2.4 North America market by application, 2019 - 2032
- 8.2.5 U.S.
- 8.2.5.1 U.S. market, 2019 - 2032
- 8.2.5.2 U.S. market by product, 2019 - 2032
- 8.2.5.3 U.S. market by capacity, 2019 - 2032
- 8.2.5.4 U.S. market by application, 2019 - 2032
- 8.2.6 Canada
- 8.2.6.1 Canada market, 2019 - 2032
- 8.2.6.2 Canada market by product, 2019 - 2032
- 8.2.6.3 Canada market by capacity, 2019 - 2032
- 8.2.6.4 Canada market by application, 2019 - 2032
- 8.2.7 Mexico
- 8.2.7.1 Mexico market, 2019 - 2032
- 8.2.7.2 Mexico market by product, 2019 - 2032
- 8.2.7.3 Mexico market by capacity, 2019 - 2032
- 8.2.7.4 Mexico market by application, 2019 - 2032
- 8.3 Europe
- 8.3.1 Europe market, 2019 - 2032
- 8.3.2 Europe market by product, 2019 - 2032
- 8.3.3 Europe market by capacity, 2019 - 2032
- 8.3.4 Europe market by application, 2019 - 2032
- 8.3.5 Germany
- 8.3.5.1 Germany market, 2019 - 2032
- 8.3.5.2 Germany market by product, 2019 - 2032
- 8.3.5.3 Germany market by capacity, 2019 - 2032
- 8.3.5.4 Germany market by application, 2019 - 2032
- 8.3.6 UK
- 8.3.6.1 UK market, 2019 - 2032
- 8.3.6.2 UK market by product, 2019 - 2032
- 8.3.6.3 UK market by capacity, 2019 - 2032
- 8.3.6.4 UK market by application, 2019 - 2032
- 8.3.7 France
- 8.3.7.1 France market, 2019 - 2032
- 8.3.7.2 France market by product, 2019 - 2032
- 8.3.7.3 France market by capacity, 2019 - 2032
- 8.3.7.4 France market by application, 2019 - 2032
- 8.3.8 Italy
- 8.3.8.1 Italy market, 2019 - 2032
- 8.3.8.2 Italy market by product, 2019 - 2032
- 8.3.8.3 Italy market by capacity, 2019 - 2032
- 8.3.8.4 Italy market by application, 2019 - 2032
- 8.3.9 Spain
- 8.3.9.1 Spain market, 2019 - 2032
- 8.3.9.2 Spain market by product, 2019 - 2032
- 8.3.9.3 Spain market by capacity, 2019 - 2032
- 8.3.9.4 Spain market by application, 2019 - 2032
- 8.3.10 Austria
- 8.3.10.1 Austria market, 2019 - 2032
- 8.3.10.2 Austria market by product, 2019 - 2032
- 8.3.10.3 Austria market by capacity, 2019 - 2032
- 8.3.10.4 Austria market by application, 2019 - 2032
- 8.3.11 Sweden
- 8.3.11.1 Sweden market, 2019 - 2032
- 8.3.11.2 Sweden market by product, 2019 - 2032
- 8.3.11.3 Sweden market by capacity, 2019 - 2032
- 8.3.11.4 Sweden market by application, 2019 - 2032
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific market, 2019 - 2032
- 8.4.2 Asia Pacific market by product, 2019 - 2032
- 8.4.3 Asia Pacific market by capacity, 2019 - 2032
- 8.4.4 Asia Pacific market by application, 2019 - 2032
- 8.4.5 China
- 8.4.5.1 China market, 2019 - 2032
- 8.4.5.2 China market by product, 2019 - 2032
- 8.4.5.3 China market by capacity, 2019 - 2032
- 8.4.5.4 China market by application, 2019 - 2032
- 8.4.6 Japan
- 8.4.6.1 Japan market, 2019 - 2032
- 8.4.6.2 Japan market by product, 2019 - 2032
- 8.4.6.3 Japan market by capacity, 2019 - 2032
- 8.4.6.4 Japan market by application, 2019 - 2032
- 8.4.7 South Korea
- 8.4.7.1 South Korea market, 2019 - 2032
- 8.4.7.2 South Korea market by product, 2019 - 2032
- 8.4.7.3 South Korea market by capacity, 2019 - 2032
- 8.4.7.4 South Korea market by application, 2019 - 2032
- 8.4.8 India
- 8.4.8.1 India market, 2019 - 2032
- 8.4.8.2 India market by product, 2019 - 2032
- 8.4.8.3 India market by capacity, 2019 - 2032
- 8.4.8.4 India market by application, 2019 - 2032
- 8.4.9 Australia
- 8.4.9.1 Australia market, 2019 - 2032
- 8.4.9.2 Australia market by product, 2019 - 2032
- 8.4.9.3 Australia market by capacity, 2019 - 2032
- 8.4.9.4 Australia market by application, 2019 - 2032
- 8.5 Rest of World
- 8.5.1 Rest of World market, 2019 - 2032
- 8.5.2 Rest of World market by product, 2019 - 2032
- 8.5.3 Rest of World market by capacity, 2019 - 2032
- 8.5.4 Rest of World market by application, 2019 - 2032
- 8.5.5 Brazil
- 8.5.5.1 Brazil market, 2019 - 2032
- 8.5.5.2 Brazil market by product, 2019 - 2032
- 8.5.5.3 Brazil market by capacity, 2019 - 2032
- 8.5.5.4 Brazil market by application, 2019 - 2032
- 8.5.6 UAE
- 8.5.6.1 UAE market, 2019 - 2032
- 8.5.6.2 UAE market by product, 2019 - 2032
- 8.5.6.3 UAE market by capacity, 2019 - 2032
- 8.5.6.4 UAE market by application, 2019 - 2032
- 8.5.7 Saudi Arabia
- 8.5.7.1 Saudi Arabia market, 2019 - 2032
- 8.5.7.2 Saudi Arabia market by product, 2019 - 2032
- 8.5.7.3 Saudi Arabia market by capacity, 2019 - 2032
- 8.5.7.4 Saudi Arabia market by application, 2019 - 2032
- 8.5.8 Others
- 8.5.8.1 Others market, 2019 - 2032
- 8.5.8.2 Others market by product, 2019 - 2032
- 8.5.8.3 Others market by capacity, 2019 - 2032
- 8.5.8.4 Others market by application, 2019 - 2032
Chapter 9 Company Profiles
- 9.1 Hitachi Zosen Corporation
- 9.1.1 Business overview
- 9.1.2 Financial data
- 9.1.3 Product landscape
- 9.1.4 Strategic outlook
- 9.1.5 SWOT analysis
- 9.2 Samsung SDI Co., Ltd.
- 9.2.1 Business overview
- 9.2.2 Financial data
- 9.2.3 Technology landscape
- 9.2.4 Strategic outlook
- 9.2.5 SWOT analysis
- 9.3 Cymbet
- 9.3.1 Business overview
- 9.3.2 Financial data
- 9.3.3 Product landscape
- 9.3.4 Strategic outlook
- 9.3.5 SWOT analysis
- 9.4 BrightVolt Solid State Batteries
- 9.4.1 Business overview
- 9.4.2 Financial data
- 9.4.3 Product landscape
- 9.4.4 SWOT analysis
- 9.5 Johnson Energy Storage, Inc.
- 9.5.1 Business overview
- 9.5.2 Financial data
- 9.5.3 Product landscape
- 9.5.4 SWOT analysis
- 9.6 Solid Power
- 9.6.1 Business overview
- 9.6.2 Financial data
- 9.6.3 Product landscape
- 9.6.4 Strategic outlook
- 9.6.5 SWOT analysis
- 9.7 Ilika Ltd.
- 9.7.1 Business overview
- 9.7.2 Financial data
- 9.7.3 Product landscape
- 9.7.4 Strategic outlook
- 9.7.5 SWOT analysis
- 9.8 Prieto Battery Inc
- 9.8.1 Business overview
- 9.8.2 Financial data
- 9.8.3 Product landscape
- 9.8.4 Strategic outlook
- 9.8.5 SWOT analysis
- 9.9 STMicroelectronics
- 9.9.1 Business overview
- 9.9.2 Financial data
- 9.9.3 Product landscape
- 9.9.4 SWOT analysis
- 9.10 Toyota
- 9.10.1 Business overview
- 9.10.2 Financial data
- 9.10.3 Product landscape
- 9.10.4 Strategic outlook
- 9.10.5 SWOT analysis
- 9.11 Altairnano
- 9.11.1 Business overview
- 9.11.2 Financial data
- 9.11.3 Product landscape
- 9.11.4 SWOT analysis
- 9.12 QuantumScape Corporation
- 9.12.1 Business overview
- 9.12.2 Financial data
- 9.12.3 Product landscape
- 9.12.4 Strategic outlook
- 9.12.5 SWOT analysis
- 9.13 ITEN
- 9.13.1 Business overview
- 9.13.2 Financial data
- 9.13.3 Product landscape
- 9.13.4 SWOT analysis
- 9.14 Ion Storage Systems
- 9.14.1 Business overview
- 9.14.2 Financial data
- 9.14.3 Product landscape
- 9.14.4 Strategic outlook
- 9.14.5 SWOT analysis
- 9.15 Beijing Weilan New Energy Technology Co., Ltd.
- 9.15.1 Business overview
- 9.15.2 Financial data
- 9.15.3 Product landscape
- 9.15.4 Strategic outlook
- 9.15.5 SWOT analysis