Market Research Report
North America Solid State Battery Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||633760|
|Published||Content info||90 Pages
Delivery time: 1-2 business days
|North America Solid State Battery Market Forecast 2019-2027|
|Published: January 14, 2019||Content info: 90 Pages||
The primary applications of the solid-state batteries are found in consumer electronics, electric vehicles and energy harvesting, which is further augmenting the growth & adoption of solid-state battery market in North America. The market is expected to prosper with a 65.47% CAGR over the forecast period of 2018-2026.
The segmentation of the North American solid-state battery market is done according to the battery type, applications and battery capacity. A growing need for the commercialization of solid-state batteries in the country that are inflammable, have high energy density & which are long lasting in nature, is propelling the market demand in this region. Many cold provinces such as Alaska, Dakota, Minnesota and Washington in the Northern region have enhanced the importance & utility of solid-state batteries. The Canadian market for solid state batteries is being propelled by the rising adoption of electric vehicles & favourable government norms & policies related to the adoption of electric vehicles in the country. But the high treatment costs coupled with labor and time needed for the installation of these specialized batteries adds up to the overall cost of the solid-state battery, which is a restraining factor for their adoption.
Companies like Dyson, Front Edge Technology Inc., Imec, Brightvolt Incorporation, Panasonic Corporation, Excellatron Solid State LLC, Hitachi Zosen Corporation, Infinite Power Solutions Inc. (Acquired by Apple Inc.), Prieto Battery Inc., Planar Energy Devices Inc., Robert Bosch, STMicroelectronics N.V., Solid Power Inc., Toyota Industries Corporation and Cymbet Corporation are competing in this market.