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Solid State Battery Market Share

  • Report ID: GMI3885
  • Published Date: Mar 2023
  • Report Format: PDF

Solid State Battery Market Share

Top firms involved in the solid state battery market are

  • Samsung SDI Co.
  • Hitachi Zosen Corporation
  • Cymbet
  • Johnson Energy Storage, Inc
  • BrightVolt Solid State Batteries
  • Solid Power
  • Prieto Battery Inc
  • Ilika
  • STMicroelectronics
  • Altairnano
  • Toyota
  • QuantumScape Corporation
  • Ion Storage Systems
  • ITEN
  • Beijing Weilan New Energy Technology Co., Ltd.

These companies majorly engage in strategic partnerships and collaborations to stay ahead in the competitive landscape. To cite an instance, in August 2022, JAXA, a Japanese air and space agency, along with Hitachi Zosen Corporation, a Japan-based industrial and engineering firm, ran an operation on the enhancement of all-solid-state lithium-ion batteries under the Space Investigation Innovation program.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of solid state battery crossed USD 826.8 million in 2023 and is set to progress at more than 38.2% growth rate through 2032 owing to mounting expenditure on consumer electronics globally and increased miniaturization of portable electronic devices.

The consumer electronics segment registered USD 360 million revenue in 2023 and is forecast to observe notable expansion through 2032 due to the growing adoption of these batteries across consumer electronics such as laptops, cellphones, and computers, among others.

The portable segment is estimated to grow at over 36% CAGR from 2024 to 2032 as a result of notable innovations in technology and materials required in solid-state batteries for portable storage.

The market across North America is expected to reach USD 4.2 billion by 2032 on account of increased disposable income, rising awareness of health and lifestyle issues, rising usage of portable gadgets & medical equipment, and government funding for R&D initiatives in the region.

Some of the major manufacturers of the solid state batteries are Samsung SDI Co., Hitachi Zosen Corporation, Cymbet, Johnson Energy Storage, Inc, BrightVolt Solid State Batteries, Solid Power, Prieto Battery Inc, Ilika, STMicroelectronics, Altairnano, Toyota, QuantumScape Corporation, Ion Storage Systems, ITEN, Beijing Weilan New Energy Technology Co., Ltd.

Solid State Battery Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 378
  • Countries covered: 18
  • Pages: 200
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