Latest News by Industry
DUBLIN--(BUSINESS WIRE)--Oct 28, 2022--
The "Solid-state Battery Market by Type, Capacity, Application, and Geography - Global Forecasts to 2029" report has been added to ResearchAndMarkets.com's offering.
The Global Solid-State Battery Market is expected to reach $3.81 billion by 2029, at a CAGR of 58% during the forecast period 2022-2029. By volume, this market is expected to grow at a CAGR of 71% from 2022 to reach 7.3 GWh by 2029.
The growth of this market is backed by factors, such as the high energy density of solid-state batteries, faster-charging rate compared to Li-ion batteries, and a safer alternative to Li-ion batteries. Moreover, Increasing R&D for the application of solid-state batteries in EVs and the increase in R&D investments to develop solid-state batteries for consumer electronics devices provide significant growth opportunities for the global solid-state battery market.
The study offers a comprehensive analysis of the global solid-state battery market based on type (thin film batteries, bulk batteries, and other batteries), capacity (less than 20mAh, 21mAh to 500mAh, and above 500mAh), application (medical devices, automotive, consumer electronics, aerospace, battery energy storage systems, and industrial equipment), and geography (Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the country level.
Based on type, the global solid-state battery market is segmented into thin film batteries, bulk batteries, and other batteries. In 2022, the thin film batteries segment is expected to account for the largest share of the global solid-state battery market. Major factors attributed to the large share of this segment are their smaller size, higher average output voltage, lighter weight, higher flexibility, higher energy density, lower chances of electrolyte leakage, tighter packing, and longer life cycle than bulky solid-state batteries.
Thin film solid-state batteries can be used in numerous devices, including renewable energy storage devices, smart cards, radio frequency identification (RFID) tags, portable electronics, defibrillators, neural stimulators, pacemakers, and wireless sensors. For instance, in November 2021, Dutch startup LionVolt BV secured $4.5 million (€4 million) to develop its 3D solid-state thin-film battery technology, which it expects to apply initially in wearables and electric cars.
Key Questions Answered in the Report
Companies Mentioned
Scope of the Report
Global Solid-State Battery Market, by Type
Global Solid-State Battery Market, by Capacity
Global Solid-State Battery Market, by Application
Global Solid-State Battery Market, by Geography
For more information about this report visit https://www.researchandmarkets.com/r/gx3mli
View source version on businesswire.com:https://www.businesswire.com/news/home/20221028005244/en/
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
KEYWORD:
INDUSTRY KEYWORD: OTHER ENERGY ENERGY
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/28/2022 07:34 AM/DISC: 10/28/2022 07:34 AM
http://www.businesswire.com/news/home/20221028005244/en