PUBLISHER: BIS Research | PRODUCT CODE: 1466830
PUBLISHER: BIS Research | PRODUCT CODE: 1466830
Asia-Pacific Solid-State Battery Market: Focus on Electrolyte Type, Battery Type, Capacity, Application, and Country - Analysis and Forecast, 2023-2032
Introduction to Asia-Pacific (APAC) Solid-State Battery Market
The Asia-Pacific solid-state battery market (excluding China) was valued at $64.4 million in 2023, and it is expected to grow with a CAGR of 32.28% during the forecast period 2023-2032 to reach $798.6 million by 2032. The rising need for effective and sustainable agricultural methods is expected to drive the expansion of the smart vineyard and orchard equipment market globally, particularly in the APAC region.
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2023 - 2032 |
| 2023 Evaluation | $64.4 Million |
| 2032 Forecast | $798.6 Million |
| CAGR | 32.28% |
Market Introduction
The solid-state battery market in Asia-Pacific (APAC) is expanding rapidly, owing to a number of factors. With the rising demand for electric vehicles (EVs), portable devices, and renewable energy storage solutions, there is a greater need for enhanced energy storage technologies that provide higher energy density, more safety, and a longer lifespan.
Solid-state batteries are a considerable improvement over ordinary lithium-ion batteries, providing benefits such as higher energy density, faster charging, and increased safety due to their solid electrolyte composition. These batteries are set to transform a variety of industries, including automotive, consumer electronics, and energy storage.
The APAC area, recognized for its vibrant industrial sector, technological innovation, and strong government support for renewable energy projects, is leading the way in solid-state battery technology breakthroughs. Countries such as China, Japan, and South Korea are in the forefront of solid-state battery research, development, and commercialization, attracting both domestic and international investment.
Furthermore, the region's thriving EV market, fueled by government incentives, environmental restrictions, and customer preferences for clean transportation, offers enormous prospects for the use of solid-state batteries in electric vehicles. Furthermore, the growing use of renewable energy sources such as solar and wind power increases the demand for innovative energy storage systems in APAC countries.
Overall, the APAC solid-state battery market provides tremendous prospects for industry players to capitalize on the region's growing demand for high-performance, safe, and sustainable energy storage solutions across various sectors.
Market Segmentation:
Segmentation 1: by Application
- Electric Vehicle
- Passenger Vehicle
- Commercial Vehicle
- Consumer Electronics
- Medical Devices
- Energy Storage System
- Others
Segmentation 2: by Electrolyte Type
- Polymer
- Sulfide
- Oxide
- Others
Segmentation 3: by Battery Type
- Thin Film
- Bulk
- Others
Segmentation 4: by Capacity
- Below 20mAh
- 20mAh to 500mAh
- Above 500mAh
Segmentation 5: by Country
- Japan
- South Korea
- India
- Taiwan
- Rest-of-Asia-Pacific
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different polymers used for solid-state battery and their potential in APAC region. Moreover, the study gives the reader a detailed understanding of the different solutions provided by the solid-state battery providers, encompassing aspects such as battery capacity and battery type. In contrast to traditional batteries, solid-state batteries exhibit outstanding thermal resilience, a comparatively lower self-discharge rate, heightened tolerance, and non-flammability.
Growth/Marketing Strategy: The APAC solid-state battery market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been partnership, collaboration, and joint venture activities to strengthen their position in the APAC solid-state battery market.
Competitive Strategy: Key players in the APAC solid-state battery market analyzed and profiled in the study involve solid-state battery-based product manufacturers, including market segments covered by distinct electrolyte types, capacity, battery type, applications served, and regional presence, as well as the influence of important market tactics. Moreover, a detailed competitive benchmarking of the players operating in the APAC solid-state battery market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, type portfolio, and market penetration.
Some prominent names in the market include:
- ProLogium Technology Co., Ltd.
- Toyota Motor Corporation
- SAMSUNG SDI CO., LTD.
- Hitachi Zosen Corporation
- SK on Co., Ltd.
Table of Contents
Executive Summary
Scope of the Study
1 Markets
- 1.1 Industry Outlook
- 1.1.1 Trends: Current and Future
- 1.1.1.1 Growing Support from the Government Through Investment in Advanced Energy Storage Technologies
- 1.1.1.2 Increasing R&D Activities on Solid-State Battery
- 1.1.2 Supply Chain Analysis
- 1.1.3 Ecosystem/Ongoing Programs
- 1.1.3.1 Consortiums and Associations
- 1.1.3.2 Regulatory Bodies
- 1.1.3.3 Government Programs
- 1.1.4 Comparative Analysis
- 1.1.4.1 Lithium-Ion Batteries vs. Solid-State Batteries
- 1.1.4.2 Comparison in Terms of Power Density of Various Batteries
- 1.1.5 List of Key Planned Solid-State Battery Projects
- 1.1.6 Future of Solid-State Battery in EVs and the Role of EV Manufacturers in Advancing Solid-State Battery Development
- 1.1.6.1 Current Market Outlook
- 1.1.6.2 Research and Development
- 1.1.6.2.1 Solid-State Battery with Pure Silicon Anode
- 1.1.6.2.2 Recent Electrode Design of MIT's Solid-State Battery
- 1.1.6.3 Future Market Outlook
- 1.1.7 Impact of COVID-19 on the Solid-State Battery Market
- 1.1.1 Trends: Current and Future
- 1.2 Snapshot of Sodium-Ion Battery Market
- 1.2.1 Leading Countries in the Sodium-Ion Battery Market
- 1.2.2 Leading Companies in the Sodium-Ion Battery Market
- 1.2.3 Sodium-Ion Battery Market Projections
- 1.3 Business Dynamics
- 1.3.1 Business Drivers
- 1.3.1.1 Rising Renewable Energy Generation
- 1.3.1.2 Rapid Growth of the Electric Vehicle Market
- 1.3.1.3 Growing Concerns Related to Lithium-Ion Battery Failure and Explosion
- 1.3.2 Business Challenges
- 1.3.2.1 Intense Competition from Other Advanced Battery Technologies
- 1.3.2.2 Lack of Industrial Supply Chain
- 1.3.3 Business Strategies
- 1.3.3.1 Product Development
- 1.3.3.2 Market Development
- 1.3.4 Corporate Strategies
- 1.3.4.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
- 1.3.5 Business Opportunities
- 1.3.5.1 Rising Popularity of Solid-State Batteries in the Medical Sector
- 1.3.5.2 Advancements in Solid-State Battery Technologies and Chemistries
- 1.3.1 Business Drivers
- 1.4 Start-Up Landscape
- 1.4.1 Key Start-Ups in the Ecosystem
2 Region
- 2.1 China
- 2.1.1 Market
- 2.1.1.1 Buyer Attributes
- 2.1.1.2 Key Manufacturers/Suppliers in China
- 2.1.1.3 Business Drivers
- 2.1.1.4 Business Challenges
- 2.1.1.4.1 Application
- 2.1.1.4.1.1 China Solid-State Battery Market (by Application), Value and Volume Data
- 2.1.1.4.2 Product
- 2.1.1.4.2.1 China Solid-State Battery Market (by Electrolyte Type), Value and Volume Data
- 2.1.1.4.2.2 China Solid-State Battery Market (by Battery Type), Value and Volume Data
- 2.1.1.4.2.3 China Solid-State Battery Market (by Capacity), Value and Volume Data
- 2.1.1.4.1 Application
- 2.1.1 Market
- 2.2 Asia-Pacific and Japan
- 2.2.1 Market
- 2.2.1.1 Key Manufacturers/Suppliers in Asia-Pacific and Japan
- 2.2.1.2 Business Drivers
- 2.2.1.3 Business Challenges
- 2.2.1.3.1 Application
- 2.2.1.3.1.1 Asia-Pacific and Japan Solid-State Battery Market (by Application), Value and Volume Data
- 2.2.1.3.2 Product
- 2.2.1.3.2.1 Asia-Pacific and Japan Solid-State Battery Market (by Electrolyte Type), Value and Volume Data
- 2.2.1.3.2.2 Asia-Pacific and Japan Solid-State Battery Market (by Battery Type), Value and Volume Data
- 2.2.1.3.2.3 Asia-Pacific and Japan Solid-State Battery Market (by Capacity), Value and Volume Data
- 2.2.1.3.1 Application
- 2.2.2 Asia-Pacific and Japan (by Country)
- 2.2.2.1 Japan
- 2.2.2.1.1 Market
- 2.2.2.1.1.1 Buyer Attributes
- 2.2.2.1.1.2 Key Manufacturers/Suppliers in Japan
- 2.2.2.1.1.3 Business Drivers
- 2.2.2.1.1.4 Business Challenges
- 2.2.2.1.2 Application
- 2.2.2.1.2.1 Japan Solid-State Battery Market (by Application), Value and Volume Data
- 2.2.2.1.3 Product
- 2.2.2.1.3.1 Japan Solid-State Battery Market (by Electrolyte Type), Value and Volume Data
- 2.2.2.1.3.2 Japan Solid-State Battery Market (by Battery Type), Value and Volume Data
- 2.2.2.1.3.3 Japan Solid-State Battery Market (by Capacity), Value and Volume Data
- 2.2.2.1.1 Market
- 2.2.2.2 South Korea
- 2.2.2.2.1 Market
- 2.2.2.2.1.1 Buyer Attributes
- 2.2.2.2.1.2 Key Manufacturers/Suppliers in South Korea
- 2.2.2.2.1.3 Business Drivers
- 2.2.2.2.1.4 Business Challenges
- 2.2.2.2.2 Application
- 2.2.2.2.2.1 South Korea Solid-State Battery Market (by Application), Value and Volume Data
- 2.2.2.2.3 Product
- 2.2.2.2.3.1 South Korea Solid-State Battery Market (by Electrolyte Type), Value and Volume Data
- 2.2.2.2.3.2 South Korea Solid-State Battery Market (by Battery Type), Value and Volume Data
- 2.2.2.2.3.3 South Korea Solid-State Battery Market (by Capacity), Value and Volume Data
- 2.2.2.2.1 Market
- 2.2.2.3 India
- 2.2.2.3.1 Market
- 2.2.2.3.1.1 Buyer Attributes
- 2.2.2.3.1.2 Key Manufacturers/Suppliers in India
- 2.2.2.3.1.3 Business Drivers
- 2.2.2.3.1.4 Business Challenges
- 2.2.2.3.2 Application
- 2.2.2.3.2.1 India Solid-State Battery Market (by Application), Value and Volume Data
- 2.2.2.3.3 Product
- 2.2.2.3.3.1 India Solid-State Battery Market (by Electrolyte Type), Value and Volume Data
- 2.2.2.3.3.2 India Solid-State Battery Market (by Battery Type), Value and Volume Data
- 2.2.2.3.3.3 India Solid-State Battery Market (by Capacity), Value and Volume Data
- 2.2.2.3.1 Market
- 2.2.2.4 Taiwan
- 2.2.2.4.1 Market
- 2.2.2.4.1.1 Buyer Attributes
- 2.2.2.4.1.2 Key Manufacturers/Suppliers in Taiwan
- 2.2.2.4.1.3 Business Drivers
- 2.2.2.4.1.4 Business Challenges
- 2.2.2.4.2 Application
- 2.2.2.4.2.1 Taiwan Solid-State Battery Market (by Application), Value and Volume Data
- 2.2.2.4.3 Product
- 2.2.2.4.3.1 Taiwan Solid-State Battery Market (by Electrolyte Type), Value and Volume Data
- 2.2.2.4.3.2 Taiwan Solid-State Battery Market (by Battery Type), Value and Volume Data
- 2.2.2.4.3.3 Taiwan Solid-State Battery Market (by Capacity), Value and Volume Data
- 2.2.2.4.1 Market
- 2.2.2.5 Rest-of-Asia-Pacific and Japan
- 2.2.2.5.1 Market
- 2.2.2.5.1.1 Buyer Attributes
- 2.2.2.5.1.2 Key Manufacturers/Suppliers in Rest-of-Asia-Pacific and Japan
- 2.2.2.5.1.3 Business Drivers
- 2.2.2.5.1.4 Business Challenges
- 2.2.2.5.2 Application
- 2.2.2.5.2.1 Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Application), Value and Volume Data
- 2.2.2.5.3 Product
- 2.2.2.5.3.1 Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Electrolyte Type), Value and Volume Data
- 2.2.2.5.3.2 Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Battery Type), Value and Volume Data
- 2.2.2.5.3.3 Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Capacity), Value and Volume Data
- 2.2.2.5.1 Market
- 2.2.2.1 Japan
- 2.2.1 Market
3 Markets - Competitive Benchmarking & Company Profiles
- 3.1 Competitive Benchmarking
- 3.1.1 Competitive Position Matrix
- 3.1.2 Product Matrix for Key Companies
- 3.1.3 Market Share Analysis of Key Companies, 2022
- 3.2 Company Profiles
- 3.2.1 ProLogium Technology Co., Ltd.
- 3.2.1.1 Company Overview
- 3.2.1.1.1 Role of ProLogium Technology Co., Ltd. in the Solid-State Battery Market
- 3.2.1.1.2 Product Portfolio
- 3.2.1.2 Business Strategies
- 3.2.1.2.1 Product Development
- 3.2.1.3 Corporate Strategies
- 3.2.1.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
- 3.2.1.4 Analyst View
- 3.2.1.1 Company Overview
- 3.2.2 Toyota Motor Corporation
- 3.2.2.1 Company Overview
- 3.2.2.1.1 Role of Toyota Motor Corporation in the Solid-State Battery Market
- 3.2.2.1.2 Product Portfolio
- 3.2.2.2 R&D Analysis
- 3.2.2.3 Analyst View
- 3.2.2.1 Company Overview
- 3.2.3 SAMSUNG SDI CO., LTD.
- 3.2.3.1 Company Overview
- 3.2.3.1.1 Role of SAMSUNG SDI CO., LTD. in the Solid-State Battery Market
- 3.2.3.1.2 Product Portfolio
- 3.2.3.2 Business Strategies
- 3.2.3.2.1 Market Development
- 3.2.3.3 R&D Analysis
- 3.2.3.4 Analyst View
- 3.2.3.1 Company Overview
- 3.2.4 Hitachi Zosen Corporation
- 3.2.4.1 Company Overview
- 3.2.4.1.1 Role of Hitachi Zosen Corporation in the Solid-State Battery Market
- 3.2.4.1.2 Product Portfolio
- 3.2.4.2 Business Strategies
- 3.2.4.2.1 Product Development
- 3.2.4.3 Analyst View
- 3.2.4.1 Company Overview
- 3.2.5 Ganfeng Lithium Group Co., Ltd.
- 3.2.5.1 Company Overview
- 3.2.5.1.1 Role of Ganfeng Lithium Group Co., Ltd. in the Solid-State Battery Market
- 3.2.5.1.2 Product Portfolio
- 3.2.5.2 Business Strategies
- 3.2.5.2.1 Market Development
- 3.2.5.3 Corporate Strategies
- 3.2.5.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
- 3.2.5.4 R&D Analysis
- 3.2.5.5 Analyst View
- 3.2.5.1 Company Overview
- 3.2.6 SK on Co., Ltd.
- 3.2.6.1 Company Overview
- 3.2.6.1.1 Role of SK on Co., Ltd. in the Solid-State Battery Market
- 3.2.6.1.2 Product Portfolio
- 3.2.6.2 Business Strategies
- 3.2.6.2.1 Market Development
- 3.2.6.3 Corporate Strategies
- 3.2.6.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
- 3.2.6.4 Analyst View
- 3.2.6.1 Company Overview
- 3.2.1 ProLogium Technology Co., Ltd.
4 Research Methodology
List of Figures
- Figure 1: Asia-Pacific Solid-State Battery Market Snapshot, $Million, 2022, 2023, and 2032
- Figure 2: Asia-Pacific Solid-State Battery Market (by Application), $Million, 2022 and 2032
- Figure 3: Asia-Pacific Solid-State Battery Market (by Electrolyte Type), $Million, 2022 and 2032
- Figure 4: Asia-Pacific Solid-State Battery Market (by Battery Type), $Million, 2022 and 2032
- Figure 5: Asia-Pacific Solid-State Battery Market (by Capacity), $Million, 2022 and 2032
- Figure 6: Solid-State Battery Market (by Region), $Million, 2022, 2032
- Figure 7: Supply Chain Analysis of Solid-State Battery Market
- Figure 8: Comparative Analysis Between Lithium-Ion and Solid-State Batteries
- Figure 9: Comparative Analysis in Terms of Power Density
- Figure 10: Electric Vehicle Solid-State Battery Market, MWh, 2022 and 2032
- Figure 11: Sodium-Ion Battery Market Snapshot, 2021-2031
- Figure 12: Clean Energy Investment in the Net Zero Pathway, 2016-2020, 2030, and 2050
- Figure 13: Increasing Electric Vehicle (EV) Adoption, 2020-2030
- Figure 14: Research Methodology
- Figure 15: Top-Down and Bottom-Up Approach
- Figure 16: Solid-State Battery Market Influencing Factors
- Figure 17: Assumptions and Limitations
List of Tables
- Table 1: Government Initiatives Related to Solid-State Battery Development
- Table 2: Automotive OEM Activities Related to Solid-State Battery Development
- Table 3: Announced Solid-State Battery Projects
- Table 4: Key Product Development, 2022-2023
- Table 5: Key Market Development, 2022-2023
- Table 6: Partnerships, Collaborations, Agreements, Investments, and Contracts, 2022-2023
- Table 7: Solid-State Battery Market (by Region), $Million, 2022-2032
- Table 8: Solid-State Battery Market (by Region), MWh, 2022-2032
- Table 9: China Solid-State Battery Market (by Application), $Million, 2022-2032
- Table 10: China Solid-State Battery Market (by Application), MWh, 2022-2032
- Table 11: China Solid-State Battery Market (by Electrolyte Type), $Million, 2022-2032
- Table 12: China Solid-State Battery Market (by Electrolyte Type), MWh, 2022-2032
- Table 13: China Solid-State Battery Market (by Battery Type), $Million, 2022-2032
- Table 14: China Solid-State Battery Market (by Battery Type), MWh, 2022-2032
- Table 15: China Solid-State Battery Market (by Capacity), $Million, 2022-2032
- Table 16: China Solid-State Battery Market (by Capacity), MWh, 2022-2032
- Table 17: Asia-Pacific and Japan Solid-State Battery Market (by Application), $Million, 2022-2032
- Table 18: Asia-Pacific and Japan Solid-State Battery Market (by Application), MWh, 2022-2032
- Table 19: Asia-Pacific and Japan Solid-State Battery Market (by Electrolyte Type), $Million, 2022-2032
- Table 20: Asia-Pacific and Japan Solid-State Battery Market (by Electrolyte Type), MWh, 2022-2032
- Table 21: Asia-Pacific and Japan Solid-State Battery Market (by Battery Type), $Million, 2022-2032
- Table 22: Asia-Pacific and Japan Solid-State Battery Market (by Battery Type), MWh, 2022-2032
- Table 23: Asia-Pacific and Japan Solid-State Battery Market (by Capacity), $Million, 2022-2032
- Table 24: Asia-Pacific and Japan Solid-State Battery Market (by Capacity), MWh, 2022-2032
- Table 25: Japan Solid-State Battery Market (by Application), $Million, 2022-2032
- Table 26: Japan Solid-State Battery Market (by Application), MWh, 2022-2032
- Table 27: Japan Solid-State Battery Market (by Electrolyte Type), $Million, 2022-2032
- Table 28: Japan Solid-State Battery Market (by Electrolyte Type), MWh, 2022-2032
- Table 29: Japan Solid-State Battery Market (by Battery Type), $Million, 2022-2032
- Table 30: Japan Solid-State Battery Market (by Battery Type), MWh, 2022-2032
- Table 31: Japan Solid-State Battery Market (by Capacity), $Million, 2022-2032
- Table 32: Japan Solid-State Battery Market (by Capacity), MWh, 2022-2032
- Table 33: South Korea Solid-State Battery Market (by Application), $Million, 2022-2032
- Table 34: South Korea Solid-State Battery Market (by Application), MWh, 2022-2032
- Table 35: South Korea Solid-State Battery Market (by Electrolyte Type), $Million, 2022-2032
- Table 36: South Korea Solid-State Battery Market (by Electrolyte Type), MWh, 2022-2032
- Table 37: South Korea Solid-State Battery Market (by Battery Type), $Million, 2022-2032
- Table 38: South Korea Solid-State Battery Market (by Battery Type), MWh, 2022-2032
- Table 39: South Korea Solid-State Battery Market (by Capacity), $Million, 2022-2032
- Table 40: South Korea Solid-State Battery Market (by Capacity), MWh, 2022-2032
- Table 41: India Solid-State Battery Market (by Application), $Million, 2022-2032
- Table 42: India Solid-State Battery Market (by Application), MWh, 2022-2032
- Table 43: India Solid-State Battery Market (by Electrolyte Type), $Million, 2022-2032
- Table 44: India Solid-State Battery Market (by Electrolyte Type), MWh, 2022-2032
- Table 45: India Solid-State Battery Market (by Battery Type), $Million, 2022-2032
- Table 46: India Solid-State Battery Market (by Battery Type), MWh, 2022-2032
- Table 47: India Solid-State Battery Market (by Capacity), $Million, 2022-2032
- Table 48: India Solid-State Battery Market (by Capacity), MWh, 2022-2032
- Table 49: Taiwan Solid-State Battery Market (by Application), $Million, 2022-2032
- Table 50: Taiwan Solid-State Battery Market (by Application), MWh, 2022-2032
- Table 51: Taiwan Solid-State Battery Market (by Electrolyte Type), $Million, 2022-2032
- Table 52: Taiwan Solid-State Battery Market (by Electrolyte Type), MWh, 2022-2032
- Table 53: Taiwan Solid-State Battery Market (by Battery Type), $Million, 2022-2032
- Table 54: Taiwan Solid-State Battery Market (by Battery Type), MWh, 2022-2032
- Table 55: Taiwan Solid-State Battery Market (by Capacity), $Million, 2022-2032
- Table 56: Taiwan Solid-State Battery Market (by Capacity), MWh, 2022-2032
- Table 57: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Application), $Million, 2022-2032
- Table 58: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Application), MWh, 2022-2032
- Table 59: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Electrolyte Type), $Million, 2022-2032
- Table 60: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Electrolyte Type), MWh, 2022-2032
- Table 61: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Battery Type), $Million, 2022-2032
- Table 62: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Battery Type), MWh, 2022-2032
- Table 63: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Capacity), $Million, 2022-2032
- Table 64: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Capacity), MWh, 2022-2032
- Table 65: Product Matrix for Key Companies
- Table 66: Market Share of Key Companies, 2022
