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Solid State Battery Market: Summary

The Global Solid State Battery Market is projected to reach a value of over USD 454.7 million
by 2027 at a CAGR of around 32.6%
Solid state batteries are defined as those batteries which uses solid electrodes and solid
electrolytes. They are considered as prospective replacement of usual lithium- ion batteries
in which electrolytes used is in liquid form. As compared to conventional batteries, solid state
batteries are gaining consideration because of high performance, low flammability, higher
energy density, higher potential cathode, and better electrochemical stability. The solid state
batteries can be used primarily in electric vehicles, beside it they can also be used in
smartphones, smart wearables, and devices used in smart homes.
Solid State Battery Market: Driver & Opportunity
Market Driver:
 Growing Demand for Electric Vehicles
The demand for electric vehicles is a prominent factor driving the solid state battery market.
Electric vehicles are gaining enormous popularity primarily in the developed nations.
According to International Energy Agency, in 2019, the sales for electric cars was around 2.1
million across the globe. The supportive regulations by the governing authorities, developing
charging infrastructure, giving benefits to the private charging station owners are few key
factors supporting growth of the electric vehicles which results in the demand of solid state
battery.

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Market Opportunity:
 Partnership Between Automobile Manufacturers and Battery Manufacturers
The automobile makers are investing huge amount in the development of the solid state
battery to get the edge in the market. Some key players of the automotive sector may partner
with the battery manufacturers to get the backward integrated supply unit in the near future.
BMW, a Germany-based automotive company invested USD 20 million in Solid Power a
battery manufacturing firm to boost the production of solid state battery, as the automaker
has planned to launch 12 different models of electric vehicles by 2025.
Thus, partnership of automobile manufacturers and battery manufacturers in coming decade
can be a driving factor for the growth of the market during the assessment years.
Solid state battery Market: Key Segments
 Segmentation based on component: Anode, Cathode, and Solid Electrolyte
 Segmentation based on type: Primary Battery, and Secondary Battery.
 Segmentation based on end use industry: Automobile, Consumer Electronics, Energy
& Utilities, Aerospace and Satellite, and Others
 Segmentation based on region covers: North America, South America, Europe, Asia-
Pacific, and Middle East & Africa with individual country-level analysis.

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Solid State Battery Market: Report Scope


The report on the solid state battery market covers a deep dive analysis of historic, recent
and current market trends. Furthermore, market share/ranking analysis of key players,
market dynamics, competition landscape, country-wise analysis for each region covered and
the entire supply chain dynamics are covered through the below segmentation.
Report Features Specifics
Historical/Estimated/Forecasted Market Size 2019-2027
Years
Base Year for Market Calculation 2020
Forecasted Period 2021-2027 (2021 estimated year, forecasted
up to 2027)
Measured Units Value (USD Million)
Segments Included Component, Type, End Use Industry, and
Region
Regional Coverage North America, Asia-Pacific, Europe, Middle
East & Africa, South America
Key Companies Covered
 Cymbet (Company Description, Company Overview, Product Synopsis, Key
Developments, SWOT Analysis)
 Robert Bosch GmbH
 BrightVolt
 QuantumScape Corporation
 Excellatron
 BLUE SOLUTIONS
 Solid Power
 ProLogium Technology Co.
 KeraCel, Inc.
 Planar Energy
 Other Key Companies
o Ilika
o NGK SPARK PLUG CO., LTD.
o STMicroelectronics
o Ionic Materials, Inc.
o Others

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Solid State Battery Market: Report Segmentation


For the scope of the report, In-depth segmentation is offered by Forencis Research
Solid State Battery Market, by Component
 Anode
 Cathode
 Solid Electrolyte
o Inorganic
 Sulfides
 Oxides
 Phosphates
 Others
o Polymer
Solid State Battery Market, by Type
 Primary Battery
 Secondary Battery
Solid State Battery Market, by End Use Industry
 Automobile
 Consumer Electronics
 Energy & Utilities
 Aerospace and Satellite
 Others
Solid State Battery Market, by Region
 North America
o US
o Canada
o Mexico
 Asia-Pacific
o China
o India
o Japan
o Taiwan
o South Korea
o Rest of Asia-Pacific
 Europe
o Germany
o UK
o France
o Italy
o Russia
o Norway
o Rest of Europe
 Middle East & Africa
o Saudi Arabia
o UAE
o Rest of Middle East & Africa
 South America
o Brazil
o Argentina
o Rest of South America

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Table of Content
1 Introduction
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends – Porters Five Forces Analysis
6 GLOBAL SOLID STATE BATTERY MARKET BY COMPONENT, Market Size in USD Million (2019-
2027)
7 GLOBAL SOLID STATE BATTERY MARKET BY END USE INDUSTRY, Market Size in USD Million
(2019-2027)
8 GLOBAL SOLID STATE BATTERY MARKET BY REGION, Market Size in USD Million (2019-2027)
9 Competitive Landscape
10 Company Profiles
11 Appendix
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