Global Solid State Batteries Sales Market Report 2024
Published on: 2024-01-04 | No of Pages : 400 | Industry : Latest Trends
Publisher : MRA | Format : PDF
Global Solid State Batteries Sales Market Report 2024
Market Analysis and InsightsGlobal Solid State Batteries Market
Chemical energy storage, including lead acid batteries, nickel system batteries, and lithium ion batteries (LiBs), is considered to be the most promising energy storage technology for industrialization. Among these, LiBs have many advantages such as light weight, high energy density, high power density, and long life, and they are overwhelmingly preferred by designers for use in portable electronic devices such as cell phones and laptops. However, overcharging or short-circuiting can lead to high temperature and result in fire or explosion due to the presence of flammable organic electrolytes. Fires and explosions of LiBs have been reported throughout the world. The developments of electric vehicles (EVs) and large-scale energy storage devices for new kinds of power stations greatly expand the market for LiBs, meanwhile, stricter safety requirements apply to LiBs. Since large numbers of LiBs are packed together in EVs or power stations, fire or explosion in an LiB could be disastrous. Safety has become the main obstacle for the wide application of LiBs. To meet this issue, All-Solid-State Battery have entered the field.
A solid state battery is composed mainly of cathode, anode, and solid electrolyte, as developed during the latter half of the 20th century. All-Solid-State Battery have a simpler structure than the traditional LiBs, and the simplified structure with a solid electrolyte enables higher energy density. Solid electrolytes not only conduct Li+ ions but also serve as the separator, as shown in Figure below. In All-Solid-State Battery, no organic liquid electrolyte, electrolyte salt, separator, or binder is required, which dramatically simplifies the assembly process. The operational principle of All-Solid-State Battery is no different from the traditional LiBs. In the charge process, lithium ions deintercalate from the cathode material and transport to the anode through the electrolyte, while electrons drift to the anode by the external circuit. Lithium ions combine with electrons to form more complete lithium atoms. The discharge process is just the reverse.
Due to the COVID-19 pandemic, the global Solid State Batteries market size is estimated to be worth US$ 82 million in 2023 and is forecast to a readjusted size of US$ 491.9 million by 2033 with a CAGR of 28.8% during the forecast period 2023-2033. Fully considering the economic change by this health crisis, Polymer-Based Solid State Batteries accounting for % of the Solid State Batteries global market in 2023, is projected to value US$ million by 2033, growing at a revised % CAGR from 2023 to 2033. While Consumer Electronics segment is altered to an % CAGR throughout this forecast period.
The global Solid State Batteries key players are mainly located in US, Europe, Japan, South Korea and China, include the BMW, Hyundai, Dyson, Apple, CATL, Bolloré, Toyota and Panasonic, etc.
Global Solid State Batteries Scope and Market Size
The global Solid State Batteries market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Solid State Batteries market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2033.
Segment by Type
Polymer-Based Solid State Batteries
Solid State Batteries with Inorganic Solid Electrolytes
Consumer Electronics
Electric Vehicle
Aerospace
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
BMW
Hyundai
Dyson
Apple
CATL
Bolloré
Toyota
Panasonic
Jiawei
Bosch
Quantum Scape
Ilika
Excellatron Solid State
Cymbet
Solid Power
Mitsui Kinzoku
Samsung
ProLogium
Front Edge Technology
Chemical energy storage, including lead acid batteries, nickel system batteries, and lithium ion batteries (LiBs), is considered to be the most promising energy storage technology for industrialization. Among these, LiBs have many advantages such as light weight, high energy density, high power density, and long life, and they are overwhelmingly preferred by designers for use in portable electronic devices such as cell phones and laptops. However, overcharging or short-circuiting can lead to high temperature and result in fire or explosion due to the presence of flammable organic electrolytes. Fires and explosions of LiBs have been reported throughout the world. The developments of electric vehicles (EVs) and large-scale energy storage devices for new kinds of power stations greatly expand the market for LiBs, meanwhile, stricter safety requirements apply to LiBs. Since large numbers of LiBs are packed together in EVs or power stations, fire or explosion in an LiB could be disastrous. Safety has become the main obstacle for the wide application of LiBs. To meet this issue, All-Solid-State Battery have entered the field.
A solid state battery is composed mainly of cathode, anode, and solid electrolyte, as developed during the latter half of the 20th century. All-Solid-State Battery have a simpler structure than the traditional LiBs, and the simplified structure with a solid electrolyte enables higher energy density. Solid electrolytes not only conduct Li+ ions but also serve as the separator, as shown in Figure below. In All-Solid-State Battery, no organic liquid electrolyte, electrolyte salt, separator, or binder is required, which dramatically simplifies the assembly process. The operational principle of All-Solid-State Battery is no different from the traditional LiBs. In the charge process, lithium ions deintercalate from the cathode material and transport to the anode through the electrolyte, while electrons drift to the anode by the external circuit. Lithium ions combine with electrons to form more complete lithium atoms. The discharge process is just the reverse.
Due to the COVID-19 pandemic, the global Solid State Batteries market size is estimated to be worth US$ 82 million in 2023 and is forecast to a readjusted size of US$ 491.9 million by 2033 with a CAGR of 28.8% during the forecast period 2023-2033. Fully considering the economic change by this health crisis, Polymer-Based Solid State Batteries accounting for % of the Solid State Batteries global market in 2023, is projected to value US$ million by 2033, growing at a revised % CAGR from 2023 to 2033. While Consumer Electronics segment is altered to an % CAGR throughout this forecast period.
The global Solid State Batteries key players are mainly located in US, Europe, Japan, South Korea and China, include the BMW, Hyundai, Dyson, Apple, CATL, Bolloré, Toyota and Panasonic, etc.
Global Solid State Batteries Scope and Market Size
The global Solid State Batteries market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Solid State Batteries market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2033.
Segment by Type
Polymer-Based Solid State Batteries
Solid State Batteries with Inorganic Solid Electrolytes
Segment by Application
Consumer Electronics
Electric Vehicle
Aerospace
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
BMW
Hyundai
Dyson
Apple
CATL
Bolloré
Toyota
Panasonic
Jiawei
Bosch
Quantum Scape
Ilika
Excellatron Solid State
Cymbet
Solid Power
Mitsui Kinzoku
Samsung
ProLogium
Front Edge Technology
Electronic and Semiconductor
Food and Beverages
Chemicals and Materials
Consumer Goods
Construction Manufacturing
Aerospace and Defence
Energy and Power
ICT Media
Banking and Finance
Automotive and Transportation
Machinery and Equipments
Pharmaceutical and Healthcare
Medical Devices