EV SOLID State Battery Market size was valued at USD 165.88 Mn. in 2023. Global EV SOLID State Battery Market size is expected to grow at a CAGR of 44 % through the forecast period.
EV SOLID State Battery Market Overview
A solid-state battery utilizes solid electrodes and a solid electrolyte instead of the liquid or polymer gel electrolytes present in lithium-ion or lithium polymer batteries. The solid-state battery could offer a solution to various issues like flammable liquid electrolyte, limited voltage, unstable formation of solid electrolyte interface, and durability.
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EV SOLID State Battery Market drivers
Solid-state batteries overcome issues present in current batteries, like flammability, limited voltage, and inconsistent performance. The increasing need for electric vehicles (EVs) and renewable energy is a powerful driving force for solid-state batteries in the market. Major car makers are putting money into solid-state battery technology, showing its promise.
EV SOLID State Battery Market challenges
Solid-state batteries are still in the process of being developed. The only known example in a vehicle is Toyota’s prototype. The widespread adoption is hindered by the expensive nature of solid-state batteries in comparison to current alternatives.
Present battery technologies such as lithium-ion provide accessible and affordable options. Technical obstacles must be addressed in the development of solid-state batteries to enable their mass production.
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EV SOLID State Battery Market opportunities
Rising attention to climate change and sustainability is driving the need for cleaner energy options such as electric vehicles equipped with solid-state batteries. Continual research and development may result in discoveries that reduce expenses and enhance effectiveness. Solid-state batteries are able to satisfy the increasing need for stronger batteries in electric vehicles.
EV SOLID State Battery Market regional analysis
The Asia Pacific area is projected to experience substantial growth with a 44% CAGR during the forecast period. The government regulations in countries such as China, India, and Japan are expected to bring about positive changes in the EV solid state battery market in the region.
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Recent News about EV SOLID State Battery market
22/10/2024 Samsung’s Groundbreaking Solid-State Batteries: Unlocking 600-Mile Range and 9-Minute Charge Time for the Future of EVs
18/10/2024 Chery to launch solid-state battery in 2026 and launches ultra-fast charging 6C batteries now
10/9/2024 Mercedes teams up with Factorial to develop solid-state batteries
EV SOLID State Battery Market Segmentation
by Type
2-Wheeler
Passenger car
Commercial Vehicle
by Propulsion
plug-in hybrid EV
battery electric vehicles,
fuel cell electric vehicles
by Vehicle Class
Mid-Range EV
Luxury EV
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Market Key Players
North America
Toyota Motors (Japan)
Tesla Motors (U.S.)
Quantumscape (U.S.)
General Motors (U.S.)
Cymbet (U.S.)
Ford Motors (U.S.)
Solid Power (U.S.)
Europe
Morison Garage Group (U.K.)
Ilika (U.K.)
Volkswagen Ag (Germany)
Mercedes (Germany)
Porsche (Germany)
Renault Group (France)
st microelectronics (Switzerland)
Northvolt AB (Sweden)
Asia Pacific
Nissan motors (Japan)
Mitsubishi Motors (Japan)
Honda corp (Japan)
Okinawa Ltd (Japan)
Panasonic Corporation (Japan)
TDK Corporation (Japan)
Kia Motors (South Korea)
Samsung SDI Co. Ltd (South Korea)
LG Chem (South Korea)
Hyundai Group (South Korea)
OLA (India)
Ather energy (India)
Tata Motors (India)
Key questions answered in the EV SOLID State Battery Market are:
• What segments are covered in the Global EV SOLID State Battery Market report?
• Which region is expected to hold the highest share in the Global EV SOLID State Battery Market?
• What is the market size of the Global EV SOLID State Battery Market by 2030?
• What is the forecast period for the Global EV SOLID State Battery Market?
Key Offerings:
• Past EV SOLID State Battery Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• EV SOLID State Battery Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
o § Competitive landscape – EV SOLID State Battery Market Leaders, Market Followers, Regional player
o § Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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