Avinash

1
MarketsandMarkets Presents
The Global Solid State Battery Market size is
estimated to grow from USD 58 million in 2022 to
USD 314 million by 2028 it is expected to grow
at a CAGR of 32.5 during the forecast
period. Factors such as the rising requirement
of Solid State Batteries in electric vehicles,
the increasing trend toward the miniaturization
of consumer electronics, and growing RD
activities by major companies are driving the
growth of the Solid State Battery Market.
Solid-state batteries could be the game changer
for electric vehicles, support advanced consumer
electronics such as mobiles and laptops, and are
adopted in emerging applications such as energy
harvesting and wearable devices.
2
MarketsandMarkets Presents
Key Players Cymbet (US), Robert Bosch
(Germany), Toyota Motor (Japan), Solid Power
(US), Excellatron Solid State (US), and
BrightVolt (US) are a few of the major companies
operating in the Solid State Battery
Market. Download PDF Brochure
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id164577856
3
MarketsandMarkets Presents
Single-Cell Batteries to hold larger market
share in Global Solid State Battery Market The
Single-cell battery segment is expected to lead
the Solid State Battery Market during the
forecast period. Single-cell batteriesalso known
as thin-film batterieshave been used for more
than a decade. They are preferred for miniature
devices. Manufacturers designing portable
products with limited internal space prefer micro
batteries over conventional batteries to ensure
improved safety and battery life. Thin-film
batteries are widely used in smart packaging,
smart cards, wearable devices, and medical
devices. The trend of miniaturization of
electronic devices has increased the demand for
thin-film solid-state batteries, driving the
growth of the single-cell battery market
significantly.
4
MarketsandMarkets Presents
Medical Devices Application accounted largest
market size in 2021 Medical devices held the
largest size of the Solid-state Battery Market in
2021. Currently, solid-state batteries have been
significantly used in the medical devices
industry several manufacturers are designing and
offering solid-state batteries to power medical
devices, such as temperature sensors, pacemakers,
and smart patches. Technological advancements and
the rapid penetration of IoT in the medical field
have generated opportunities for high-capacity
battery-powered medical devices. Implantable
medical devices, such as neural stimulators,
pacemakers, and defibrillators, require batteries
that can deliver a steady, reliable power source
for a long duration solid-state batteries meet
all these requirements owing to their high
reliability and performance.
5
MarketsandMarkets Presents
Market in Europe to grow at highest CAGR during
2022-2028 Europe is expected to grow at the
highest CAGR during the forecast period. Major
applications of the Solid-State Battery Market in
Europe include packaging, consumer electronics,
electric vehicles, and medical devices such as
Robert Bosch (Germany) and Ilika (UK), and Blue
Solutions (France) are developing the
next-generation flexible devices. These devices
require power sources that are not only small but
also have high power density to complement the
product design these requirements are fulfilled
by thin-film batteries.
6
MarketsandMarkets Presents
According to (International Energy Agency),
Europe has overtaken China and become the main
market for electric vehicles. The Solid-State
Battery Market in Europe includes regions such as
the UK, Germany, France, and the Rest of
Europe. Browse 214 market data Tables and 62
Figures spread through 243 Pages and in-depth TOC
on "Solid State Battery Market with COVID-19
impact analysis by type, Rechargeability,
Capacity, Application (Consumer Electronics,
Electric Vehicles, Energy Harvesting, Medical
Devices, Packaging, Wireless Sensors) Region -
Global Forecast to 2028" _at_ https//www.marketsandm
arkets.com/Market-Reports/solid-state-battery-mark
et-164577856.html
7
MarketsandMarkets Presents
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8
MarketsandMarkets Presents
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