Solid-state Battery Market - Global Solid-State Battery Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By End-use Industry Coverage, By Geographic Coverage and By Company)

Description

Global Solid-state Battery Market Forecast: $1.7 Billion by 2030 with 31.3% CAGR.

The global solid-state battery market is on the brink of a remarkable transformation, with experts forecasting its revenue to surge to approximately US$1.7 billion by the end of 2030. This staggering growth is expected to be driven by a compound annual growth rate (CAGR) of 31.3% from 2023 to 2030, according to the latest market analysis.

A Quantum Leap in Battery Technology

Solid-state batteries, which boast higher energy density compared to traditional lithium-ion batteries, have emerged as game-changers across various industries. Unlike their counterparts, solid-state batteries eliminate the risk of explosions or fires, rendering safety components unnecessary and freeing up additional space for more active elements. This leads to increased battery capacity, making solid-state batteries ideal for high-capacity applications, such as electric vehicle (EV) battery systems.

Key Market Findings:

1. Diverse Industry Adoption: Solid-state batteries have the potential to replace lithium-ion batteries in industries like consumer electronics, electric vehicles, medical devices, and energy storage.

2. Consumer Electronics Dominance: The consumer electronics sector currently holds over 35% of the market share, with expectations of gradual decline over the next seven years.

3. Capacity Matters: In 2022, battery capacities above 20 mAh accounted for more than 60% of the market, with applications extending beyond consumer electronics.

4. Oxide Technology Leads: Oxide technology led the market in 2022, commanding around 77% of the revenue share.

5. Asia Pacific Powerhouse: Asia Pacific, notably Japan and China, dominated the global solid-state battery market, contributing over 55% of the market share in 2022. These countries are leaders in heavy-duty solid-state battery technology.

Solid-State vs. Lithium-ion: A Changing Landscape

Major automakers are making significant investments in solid-state battery technology, potentially disrupting the dominance of traditional lithium-ion batteries. With the global shift towards electric transportation, electric vehicle sales are expected to reach a tipping point between 2030 and 2050, resulting in a substantial demand for batteries. While lithium-ion batteries currently hold the fort, solid-state batteries are emerging as viable competitors.

Fueling Growth Through R&D and Investment

The growth of solid-state batteries is driven by their higher energy density, rapid charging capabilities, and lower weight compared to lithium-ion batteries. Overcoming the challenge of high manufacturing costs remains a priority, prompting investments in various solid-state battery technologies to meet key performance indicators.

Bright Future Across Segments and Regions

The solid-state battery market is expected to thrive across various applications, including electric vehicles, industrial applications, and energy storage. Asia Pacific leads the charge, while Europe is poised for substantial growth in both production and consumption.

Competitive Landscape

Major players in the global solid-state battery market, including Toyota Motor Corporation, QuantumScape, Factorial Energy, BASQUEVOLT, ProLogium, Solid Power, LG Chem, Samsung SDI, Albemarle, Hyundai, and BrightVolt, are driving innovation and shaping the future of battery technology.

As the solid-state battery market continues to evolve and expand, it promises a brighter, safer, and more efficient future for industries worldwide. The race to achieve cost-effective and high-performance solid-state batteries is on, and the global market is set for an electrifying journey ahead.

1. Executive Summary

1.1. Global Solid - State Battery Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
- 2.2.4. Economic Trends
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID - 19 Impact
- 2.5.1. Supply Chain
- 2.5.2. End - user Industry Customer Impact Analysis

3. Solid - State Battery Production outlook, Price Trends Analysis, 2019 - 2030

4. Global Solid - State Battery Market Outlook, 2019 - 2030

4.1. Global Solid - State Battery Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
- 4.1.1. Key Highlights
  - 4.1.1.1. Industrial
  - 4.1.1.2. Consumer Electronics
  - 4.1.1.3. Electric Vehicles (EV's)
  - 4.1.1.4. Energy Storage
  - 4.1.1.5. Others
- 4.1.2. BPS Analysis/Market Attractiveness Analysis, by Application
4.2. Global Solid - State Battery Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
- 4.2.1. Key Highlights
  - 4.2.1.1. Polymer
  - 4.2.1.2. Oxide
  - 4.2.1.3. Sulphides
- 4.2.2. BPS Analysis/Market Attractiveness Analysis, by Technology
4.3. Global Solid - State Battery Market Outlook, by Capacity, Value (US$ Mn), 2019 - 2030
- 4.3.1. Key Highlights
  - 4.3.1.1. Below 20 mAh
  - 4.3.1.2. Above 20 mAh
- 4.3.2. BPS Analysis/Market Attractiveness Analysis, by Capacity
4.4. Global Solid - State Battery Market Outlook, by Region, Value (US$ Mn), 2019 - 2030
- 4.4.1. Key Highlights
  - 4.4.1.1. North America
  - 4.4.1.2. Europe
  - 4.4.1.3. Asia Pacific
  - 4.4.1.4. Rest of the World (RoW)
- 4.4.2. BPS Analysis/Market Attractiveness Analysis, by Region

5. North America Solid - State Battery Market Outlook, 2019 - 2030

5.1. North America Solid - State Battery Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Industrial
  - 5.1.1.2. Consumer Electronics
  - 5.1.1.3. Electric Vehicles (EV's)
  - 5.1.1.4. Energy Storage
  - 5.1.1.5. Others
5.2. North America Solid - State Battery Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. Polymer
  - 5.2.1.2. Oxide
  - 5.2.1.3. Sulphides
5.3. North America Solid - State Battery Market Outlook, by Capacity, Value (US$ Mn), 2019 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Below 20 mAh
  - 5.3.1.2. Above 20 mAh
5.4. North America Solid - State Battery Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. U.S. Solid - State Battery Market, Value (US$ Mn), by Application, Technology, and Capacity 2019 - 2030
  - 5.4.1.2. Canada Solid - State Battery Market, Value (US$ Mn), by Application, Technology, and Capacity 2019 - 2030

6. Europe Solid - State Battery Market Outlook, 2019 - 2030

6.1. Europe Solid - State Battery Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Industrial
  - 6.1.1.2. Consumer Electronics
  - 6.1.1.3. Electric Vehicles (EV's)
  - 6.1.1.4. Energy Storage
  - 6.1.1.5. Others
6.2. Europe Solid - State Battery Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. Polymer
  - 6.2.1.2. Oxide
  - 6.2.1.3. Sulphides
6.3. Europe Solid - State Battery Market Outlook, by Capacity, Value (US$ Mn), 2019 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Below 20 mAh
  - 6.3.1.2. Above 20 mAh
6.4. Europe Solid - State Battery Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. Germany Solid - State Battery Market, Value (US$ Mn), by Application, Technology, and Capacity 2019 - 2030
  - 6.4.1.2. France Solid - State Battery Market, Value (US$ Mn), by Application, Technology, and Capacity 2019 - 2030
  - 6.4.1.3. Rest of Europe Solid - State Battery Market, Value (US$ Mn), by Application, Technology, and Capacity 2019 - 2030

7. Asia Pacific Solid - State Battery Market Outlook, 2019 - 2030

7.1. Asia Pacific Solid - State Battery Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Industrial
  - 7.1.1.2. Consumer Electronics
  - 7.1.1.3. Electric Vehicles (EV's)
  - 7.1.1.4. Energy Storage
  - 7.1.1.5. Others
7.2. Asia Pacific Solid - State Battery Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. Polymer
  - 7.2.1.2. Oxide
  - 7.2.1.3. Sulphides
7.3. Asia Pacific Solid - State Battery Market Outlook, by Capacity, Value (US$ Mn), 2019 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Below 20 mAh
  - 7.3.1.2. Above 20 mAh
7.4. Asia Pacific Solid - State Battery Market Outlook, by Country, Value (US$ Mn), 2019 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. China Solid - State Battery Market, Value (US$ Mn), by Application, Technology, and Capacity 2019 - 2030
  - 7.4.1.2. India Solid - State Battery Market, Value (US$ Mn), by Application, Technology, and Capacity 2019 - 2030
  - 7.4.1.3. Japan Solid - State Battery Market, Value (US$ Mn), by Application, Technology, and Capacity 2019 - 2030
  - 7.4.1.4. Rest of Asia Pacific Solid - State Battery Market, Value (US$ Mn), by Application, Technology, and Capacity 2019 - 2030

8. Rest of the World (RoW) Solid - State Battery Market Outlook, 2019 - 2030

8.1. Rest of the World (RoW) Solid - State Battery Market Outlook, by Application, Value (US$ Mn), 2019 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Industrial
  - 8.1.1.2. Consumer Electronics
  - 8.1.1.3. Electric Vehicles (EV's)
  - 8.1.1.4. Energy Storage
  - 8.1.1.5. Others
8.2. Rest of the World (RoW) Solid - State Battery Market Outlook, by Technology, Value (US$ Mn), 2019 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. Polymer
  - 8.2.1.2. Oxide
  - 8.2.1.3. Sulphides
8.3. Rest of the World (RoW) Solid - State Battery Market Outlook, by Capacity, Value (US$ Mn), 2019 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Below 20 mAh
  - 8.3.1.2. Above 20 mAh

9. Competitive Landscape

9.1. Company Market Share Analysis, 2022
9.2. Strategic Collaborations
9.3. Company Profiles
- 9.3.1. Toyota Motor Corporation
  - 9.3.1.1. Company Overview
  - 9.3.1.2. Product Portfolio
  - 9.3.1.3. Financial Overview
  - 9.3.1.4. Business Strategies and Development
- 9.3.2. Factorial Energy
  - 9.3.2.1. Company Overview
  - 9.3.2.2. Product Portfolio
  - 9.3.2.3. Financial Overview
  - 9.3.2.4. Business Strategies and Development
- 9.3.3. BASQUEVOLT
  - 9.3.3.1. Company Overview
  - 9.3.3.2. Product Portfolio
  - 9.3.3.3. Financial Overview
  - 9.3.3.4. Business Strategies and Development
- 9.3.4. ProLogium
  - 9.3.4.1. Company Overview
  - 9.3.4.2. Product Portfolio
  - 9.3.4.3. Financial Overview
  - 9.3.4.4. Business Strategies and Development
- 9.3.5. Solid Power
  - 9.3.5.1. Company Overview
  - 9.3.5.2. Product Portfolio
  - 9.3.5.3. Financial Overview
  - 9.3.5.4. Business Strategies and Development
- 9.3.6. LG Chem
  - 9.3.6.1. Company Overview
  - 9.3.6.2. Product Portfolio
  - 9.3.6.3. Financial Overview
  - 9.3.6.4. Business Strategies and Development
- 9.3.7. Samsung SDI
  - 9.3.7.1. Company Overview
  - 9.3.7.2. Product Portfolio
  - 9.3.7.3. Financial Overview
  - 9.3.7.4. Business Strategies and Development
- 9.3.8. Ablemarle
  - 9.3.8.1. Company Overview
  - 9.3.8.2. Product Portfolio
  - 9.3.8.3. Financial Overview
  - 9.3.8.4. Business Strategies and Development
- 9.3.9. BrightVolt
  - 9.3.9.1. Company Overview
  - 9.3.9.2. Product Portfolio
  - 9.3.9.3. Financial Overview
  - 9.3.9.4. Business Strategies and Development
- 9.3.10. Hyundai
  - 9.3.9.1. Company Overview
  - 9.3.9.2. Product Portfolio
  - 9.3.9.3. Financial Overview
  - 9.3.9.4. Business Strategies and Development
- 9.3.11. Others
  - 9.3.11.1. Company Overview
  - 9.3.11.2. Product Portfolio
  - 9.3.11.3. Financial Overview
  - 9.3.11.4. Business Strategies and Development

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations