Solid State Battery Market By Type (Single-cell Battery and Multi-cell Battery), By Recharge ability (Primary Battery and Secondary Battery), By Capacity (Below 20 mAh, Between 20 mAh and 500 mAh and Above 500 mAh), By Application (Consumer Electronics, Electric Vehicles, Energy Harvesting, Medical Devices, Packaging, Wireless Sensors and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028

Solid State Battery Market Overview

A solid-state battery is a type of battery that uses solid electrodes and a solid electrolyte rather than the liquid or polymer gel electrolytes used in lithium-ion and lithium polymer batteries. Miniaturization of electronic devices, rising research and development activities associated with solid state batteries, rising deployment of IOT to promote adoption of solid state batteries, and high adoption of solid state batteries in electric vehicles will emerge as the major factors driving market growth

Furthermore, the expanding application scope of solid state batteries in the healthcare, electric vehicle, and drone sectors, as well as the incorporation of flexible and lightweight batteries in wearable devices, as well as solid state batteries' longer shelf life when compared to conventional batteries, will exacerbate market value. The development of solid-state batteries necessitates large financial investments in research and development as well as production facilities. It necessitates the use of complex gear as well as the incorporation of cutting-edge solid-state battery manufacturing technology. It's difficult to develop a solid electrolyte that's stable, chemically inert, and nevertheless conducts ions between the electrodes in a solid-state battery. They are more expensive to manufacture than lithium-ion batteries, and they are more prone to cracking due to the brittleness of the electrolytes, which expand and shrink during operation

Market Size

According to Business Intelligence Insights "The Solid State Battery Market was valued USD 49.70 Million in 2021 and is predicted to increase at a CAGR of 31.80 % to USD 260.52 Million by 2028

Covid -19 Impact Analysis

The presence of Covid-19 outbreaks can be used to forecast solid-state battery market growth. The Covid-19 pandemic forced the closure or partial closure of industries, warehouses, enterprises, and educational institutions around the world. Other lockdown tactics included stringent social distance standards, restricted travel, and limited access to public areas, restaurants, theme parks, movie theatres, and shopping malls. The solid-state battery market has also been hampered by limited consumer and corporate spending, lockdown measures, and supply chain problems. Due to the closure of many SMEs, logistical interruptions

Market Dynamics

Furthermore, the expanding application scope of solid state batteries in the healthcare, electric vehicle, and drone sectors, as well as the incorporation of flexible and lightweight batteries in wearable devices, as well as solid state batteries' longer shelf life when compared to conventional batteries, will exacerbate market value. The development of solid-state batteries necessitates large financial investments in research and development as well as production facilities. It necessitates the use of complex gear as well as the incorporation of cutting-edge solid-state battery manufacturing technology. It's difficult to develop a solid electrolyte that's stable, chemically inert, and nevertheless conducts ions between the electrodes in a solid-state battery. They are more expensive to manufacture than lithium-ion batteries, and they are more prone to cracking due to the brittleness of the electrolytes, which expand and shrink during operation

Segmentation Insights

By Capacity

Solid State Battery was dominated by Below 20 mAh as a capacity with more than 40% share

 In 2021, the market for Solid State Battery was dominated by Below 20 mAh as a capacity with more than 40% share. Thin-film batteries, which have a capacity of less than 20 mAh, are commonly employed in applications such as packaging, wireless sensors, medical and cosmetic patches, and other low-drain devices. These low-drain devices do not require large batteries because they are small and have limited internal space

By Application

Medical devices battery is more than 25% 

The application in which Solid State Battery can be taken are Consumer Electronics, Electric Vehicles, Energy Harvesting, Medical Devices, Packaging, Wireless Sensors and Others. In the worldwide solid state battery, medical devices is the most popular application mode. The share of the medical devices battery is more than 25%. Solid-state batteries are now widely employed in the medical device sector, with multiple manufacturers producing and selling solid-state batteries to power medical equipment like temperature sensors, pacemakers, and smart patches. High-capacity battery-powered medical devices have become possible as a result of technological breakthroughs and the fast adoption of IoT in the medical area. The tiny size and great flexibility of solid-state batteries meet all of these needs in new versions of pacemakers, medication delivery systems, medical patches, medical diagnosis sensors, disposable medical devices, and biosensors. As a result of the growing use of solid-state batteries in medical equipment, medical devices will account for a large portion of the solid-state battery industry

By Type
•    Single-cell Battery
•    Multi-cell Battery

By Rechargeability
•    Primary Battery
•    Secondary Battery

By Capacity
•    Below 20 mAh,
•    Between 20 mAh and 500 mAh
•    Above 500 mAh

By Application
•    Consumer Electronics
•    Electric Vehicles
•    Energy Harvesting
•    Medical Devices
•    Packaging
•    Wireless Sensors
•    Others

By Region
•    North America
o    U.S.
o    Canada
•    Europe 
o    Germany
o    U.K.
o    France
o    Italy
o    Spain
o    Rest of Europe
•    Asia Pacific 
o    China
o    India
o    Japan
o    Rest of Asia Pacific
•    Latin America 
o    Brazil
o    Mexico
o    Rest of Latin America
•    Middle East and Africa 
o    UAE
o    South Africa
o    Rest of Middle East and Africa (MEA)

Key Players

List of Key Players in the Global Solid State Battery Market:

•    Autodesk
•    Nemetschek
•    Bentley Systems
•    Trimble
•    Dassault Systemes
•    Rib Software
•    Asite
•    Aveva
•    Hexagon
•    Archidata
•    ACCA Software
•    Arcadiasoft
•    Procore Technologies
•    Concora
•    Pöyry
•    Beck Technology
•    Computers And Structures
•    Robert Mcneel & Associates
•    M Company
•    CCT International

Regional Insights

Europe is expected to grow at the fastest rate 

During the predicted period, Europe is expected to grow at the fastest rate. Packaging, consumer electronics, electric vehicles, and medical devices are among the major applications of the solid-state battery industry in Europe. Companies like Robert Bosch (Germany), Ilika (UK), and Blue Solutions (France) are creating next-generation flexible devices. To complement the product design, these gadgets require power sources that are not only compact but also have a high power density; thin-film batteries meet these requirements. Europe has surpassed China as the leading market for electric vehicles, according to the (International Energy Agency). The European solid-state battery market comprises countries including the Uned Kingdom, Germany, France, and the rest of Europeit

Table

Report Attributes	Details
Market Size Value in 2021	USD 49.70 Million
Market Size Value in 2028	USD 260.52 Million
Growth Rate	+31.80 %
Base Year	2021
Forecast Period	2021-2030
Historical Data	2018-2020
Forecast Units	(USD Billion)
Countries Covered	North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE
Segments Covered	By Type, By Rechargeability, By Capacity, By Application & By Region
Competitive landscape	Leading companies, Competitive strategies and Consumer engagement scope
Customization is available	If our report does not contain the information you require, you can contact our experts to have segments created for you. Please contact us at sales@businessintelligence-insights.com if you have any questions

 

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