Solid State Battery Market to Reach $3.4 Billion Globally by 2030 at a CAGR of 18.0%: Allied Market Research

Rising application of solid state batteries in healthcare, wearable devices and drone industries is driving the growth of rechargeable solid state batteries globally.

PORTLAND, Oregon., May 2, 2022 /PRNewswire/ — Allied Market Research released a report titled “Solid State Battery Market By Application (Consumer & Wearable Electronics, Electric Vehicle, Energy Harvesting, Wearable & Medical Devices, Others), By Type (Handheld, Thin Film), By Capacity (Less than 20mAh, 20mAh to 500mAh, Over 500mAh): Global Opportunities Analysis and Industry Forecast, 2020-2030“. According to the report, the global solid-state battery industry generated $0.5 billion in 2020, and should generate $3.4 billion by 2030, with a CAGR of 18.0% from 2021 to 2030.

RAM Logo

RAM logo

Main determinants of growth

Rising application of solid state batteries in healthcare, wearable devices and drone industries is driving the growth of rechargeable solid state batteries globally. Additionally, increasing need for solid-state batteries in electric vehicles is driving the growth of the market. However, the complex manufacturing process and high cost of solid-state batteries are restraining the market growth. On the other hand, increasing investments in the market by industry giants including Samsung and Hyundai are expected to provide future solid state battery market growth opportunities for the market.

Download sample PDF (230 page PDF with information): https://www.alliedmarketresearch.com/request-sample/498

Covid-19 scenario

  • The lockdown imposed due to the outbreak of the COVID-19 pandemic has led to a temporary ban on import and export and manufacturing and processing activities in various industries in the battery sector, which has reduced the demand consumer solid-state rechargeable batteries, including portable electronic devices and electric vehicles. .

  • Additionally, the shutdown of renewable power plants, automobile manufacturing industries, and consumer electronics manufacturing industries have hampered the growth of the solid-state battery market during the pandemic period.

The wearable segment to maintain its leading status throughout the forecast period

On the basis of type, the portable segment held the highest market share in 2020, accounting for more than two-thirds of the global solid-state battery market, and is expected to maintain its leading status throughout the forecast period. . This is due to the increase in the adoption of solid-state batteries in portable devices. Additionally, the thin film segment is expected to show the highest CAGR of 18.2% from 2021 to 2030. This is due to the increase in the use of thin film batteries in implantable medical devices, such as defibrillators and neural stimulators, smart cards, RFID, wireless sensors and radio frequency identification.

Get a detailed analysis of the impact of COVID-19 on the Solid State Battery Market: https://www.alliedmarketresearch.com/request-for-customization/498?reqfor=covid

The consumer and wearable electronics segment will maintain its leading position during the forecast period

Based on applications, consumer and wearable electronics segment accounted for the largest share in 2020, contributing more than two-fifths of the global solid-state battery market, and is expected to maintain its leading position over the course of the forecast period. This is attributed to rapid urbanization and consumer spending on consumer electronics applications, including laptops, smartphones, computers, and other consumer electronics devices in developing countries. However, the electric vehicle segment is expected to represent highest CAGR by 18.4% from 2021 to 2030, due to growing interest in the use of solid-state batteries in electric passenger vehicles.

Asia Pacificfollowed by North Americato maintain its dominance by 2030

Based on the region, Asia Pacificfollowed by North America, held the highest market share by 2020 revenue, accounting for nearly two-fifths of the global solid-state battery market, owing to the presence of a huge consumer base, rapid development of the battery industry semiconductors and the existence of key players in the region. Moreover, the Europe The region is expected to witness the fastest CAGR of 18.5% during the forecast period. This is attributed to the increase in demand for solid-state batteries in a wide range of applications such as consumer electronics, electric vehicles and medical devices.

Schedule a FREE consultation call with our analysts/industry experts to find a solution for your business @ https://www.alliedmarketresearch.com/connect-to-analyst/498

Main market players

  • SK Innovation Co., Ltd.

  • STMicroelectronics

  • TotalEnergies

  • Store point

  • QuantumScape Company

  • Solid Power Inc.

  • Factoriel Inc

  • Ganfeng Lithium Co.,Ltd

  • Ilika

  • Battery of Prieto

Interested in Procuring Data? Visit here: https://www.alliedmarketresearch.com/solid-state-batteries-market/purchase-options

Access AVENUE – A subscription-based library (Premium on-demand, subscription pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market reporting database, provides comprehensive reports regarding the world’s largest emerging markets. It further offers electronic access to all available industry reports at a glance. By offering basic business information on various industries, economies, and end users worldwide, Avenue ensures that registered members get a simple, one-stop gateway to their all-inclusive needs.

Avenue Library Subscription | Request a 14-day free trial before purchasing:

https://www.alliedmarketresearch.com/avenueTrial

Similar reports we have:

Energy Harvesting Systems Market should reach $1,057.7 million by 2030, growing at a CAGR of 7.5% from 2021 to 2030.

battery recycling market should reach $66.6 billion by 2030, registering a CAGR of 19.5% from 2021 to 2030.

Mobile battery market should reach $38.6 billion by 2030, registering a CAGR of 6.3% from 2021 to 2030.

Energy Storage Systems Market should reach $435.4 billion by 2030, growing at a CAGR of 8.3% from 2021 to 2030.

solar battery market should reach $360.4 million by 2027, growing at a CAGR of 15.5% from 2020 to 2027.

Traction battery market should reach $69.2 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030.

rechargeable battery market should reach $150.0 billion by 2030, growing at a CAGR of 5.3% from 2021 to 2030.

electric scooter battery market should reach $7.3 billion by 2030, growing at a CAGR of 21.6% from 2021 to 2030.

Nano-battery market size was estimated at $5.1 billion in 2020, and should reach $28.1 billion by 2030, registering a CAGR of 18.6% from 2021 to 2030.

lithium ion battery market should hit $129.3 billion by 2027, at a CAGR of 18.0% from 2020 to 2027.

portable battery market should reach $27.5 billion by 2030, registering a CAGR of 10.4% from 2021 to 2030.

Pre-book now with 10% discount:

Battery Technology Market – Global Opportunities and Forecast, 2021-2029

Utility Battery Market: Global Opportunity Analysis and Industry Forecast, 2021-2030

Lithium-Air Battery Market: Global Opportunity Analysis and Industry Forecast 2021-2030

Battery Energy Storage Market: Global Opportunity Analysis and Industry Forecast 2020-2027

Secondary Battery Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

Nuclear Battery Market: Global Opportunities Analysis and Industry Forecast, 2022-2030

Aluminum-Based Battery Market: Global Market Trends and Opportunities, 2021-2030

Electric Battery Market: Global Opportunity Analysis and Industry Forecast, 2021-2030

Transportation Battery Market: Global Opportunity Analysis and Industry Forecast, 2021-2030

Hybrid Electric Vehicle Battery Market: Global Opportunity Analysis and Industry Forecast, 2021-2030

Battery Monitoring System Market: Global Opportunity Analysis and Industry Forecast, 2021-2030

About Us:

Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP based in Portland, OR. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. CEO of Allied Market Research Pawan Kumar is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
hong kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
The Web: https://www.alliedmarketresearch.com
Follow us on: LinkedIn Twitter

Quote

Quote

Show original content:https://www.prnewswire.com/news-releases/solid-state-battery-market-to-reach-3-4-bn-globally-by-2030-at-18-0-cagr-allied-market- search-301537017.html

SOURCE Allied Market Research

Leave a Reply

Your email address will not be published.