Solid-State Battery Market Size is valued at USD 886.1 Mn in 2024 and is predicted to reach USD 24343.2 Mn by the year 2034 at a 40.4% CAGR during the forecast period for 2025-2034.
The solid-state battery is shorthand for a certain rechargeable battery category that uses solid electrolytes and solid electrodes instead of the polymer gel or liquid electrolytes used in lithium-ion or lithium polymer batteries. Solid-state batteries are being propelled by rising demand for high-energy-density batteries in consumer electronics, transportation, and renewable energy sectors. Because of their greater energy storage capacity compared to standard lithium-ion batteries, silicon anode batteries are well suited for uses that necessitate continuous power. Demand for silicon-anode batteries is rising due to the trend toward greener forms of energy and the rise of electric vehicles.
The global trend of governments enacting rules and laws to curb carbon emissions and encourage the use of sustainable energy sources bodes well for developing the solid-state battery market. Furthermore, incorporating flexible and lightweight batteries into wearable devices, as well as the longer shelf life of solid-state batteries compared to conventional batteries, are all factors expected to drive the market value higher in the coming years.
However, the market growth is hampered by the strict regulatory and high-cost criteria for the safety and health of solid-state batteries and the product's inability to prevent fog in environments with dramatic temperature fluctuations or high humidity solid-state batteries because of the high-quality components it requires. The current production cost of solid-state batteries is higher than that of lithium-ion batteries. Widespread implementation is hindered by the price gap, which is especially problematic in price-sensitive industries like the consumer electronics and automotive sectors. In the wake of the COVID-19 epidemic and subsequent lockdown, there was a decline in consumer demand for solid-state rechargeable batteries. This impacted Many businesses, including those who make and recycle batteries.
The solid-state battery market is segmented based on application, electrolyte type, battery type, and capacity. According to the application, the market is categorised into electric vehicles, consumer electronics, medical devices, energy storage systems, and others. By electrolyte type, the market is segmented into polymer, sulfide, oxide, and others. By battery type, the market is segmented into thin film, bulk, and others. By capacity, the market is segmented into below 20mAh, 20mAh to 500mAh, and above 500mAh.
The consumer electronics solid-state battery is expected to lead with a major global market share in 2022. consumer electronics accounted for the bulk of the solid-state battery industry. Rapid urbanization and rising incomes in emerging countries may be to blame for this trend. These countries also spend more on consumer goods like laptops, smartphones, and desktops.
The thin film makes up the bulk of solid-state battery usage because smart gadgets constantly demand new features, like increased security, greater specific energy and power capacities, smaller form factors, and better materials. These thin-film batteries can be used in various electronic devices, wireless sensors, smart cards, medical equipment, memory backup power systems, and solar cell energy storage solutions, especially in countries like the US, Germany, the U.K., China, and India.
The North American solid-state battery market is expected to record the maximum market share in revenue in the near future. It can be attributed to the fact that its people tend to be well-off and educated. Increasing solid-state battery use in the region meets the rising need for batteries across various industries, including smart cards, packaging, and electric vehicles. In addition, Asia Pacific is estimated to grow rapidly in the global solid-state battery market due to advancements in the renewable energy sector, an ever-increasing need for battery energy storage devices, and a massive consumer user base for consumer and portable electronics.
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Report Attribute |
Specifications |
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Market Size Value In 2024 |
USD 886.1 Mn |
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Revenue Forecast In 2034 |
USD 24343.2 Mn |
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Growth Rate CAGR |
CAGR of 40.4% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Application, Component, Battery Type, Capacity, Type |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Bollore Group (Bluesolutions), QuantumScape Corporation, Toyota Motor Corporation, Solid Power, Inc., TDK Corporation, SAMSUNG SDI CO., LTD., Hitachi Zosen Corporation, Ilika plc, Ganfeng Lithium Group Co., Ltd., ProLogium Technology Co., Ltd., Ionic Materials Inc, Prieto Battery Inc., Factorial Inc, theion GmbH, Sakuu Corporation, Ion Storage Systems, SK on Co., Ltd, Natrion, Ampcera Inc., LG Energy Solution, LionVolt, StoreDot Ltd. and others |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Solid-State Battery Market Snapshot
Chapter 4. Global Solid-State Battery Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Component Estimates & Trend Analysis
5.1. By Component, & Market Share, 2023 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Component:
5.2.1. Cathode
5.2.2. Anode
5.2.3. Solid Electrolytes
Chapter 6. Market Segmentation 2: By Application Estimates & Trend Analysis
6.1. By Application & Market Share, 2023 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Application:
6.2.1. Consumer Electronics
6.2.2. Electric Vehicles
6.2.3. Energy Storage System
6.2.4. Medical Devices
6.2.4.1. IoTs
6.2.4.1.1. Consumer Electronics IoTs
6.2.4.1.2. Medical Devices IoTs
6.2.5. Others
Chapter 7. Market Segmentation 3: By Battery Type Estimates & Trend Analysis
7.1. By Battery Type & Market Share, 2023 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Battery Type:
7.2.1. Primary
7.2.2. Secondary
Chapter 8. Market Segmentation 4: By Capacity Estimates & Trend Analysis
8.1. By Capacity & Market Share, 2023 & 2031
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Capacity:
8.2.1. 20 mAh--500 mAh
8.2.2. Above 500 mAh
8.2.3. Below 20 mAh
Chapter 9. Market Segmentation 5: By Type Estimates & Trend Analysis
9.1. By Type & Market Share, 2023 & 2031
9.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Type:
9.2.1. Single-cell
9.2.2. Multi-cell
Chapter 10. Solid-State Battery Market Segmentation 6: Regional Estimates & Trend Analysis
10.1. North America
10.1.1. North America Solid-State Battery Market revenue (US$ Million) estimates and forecasts By Component, 2024-2031
10.1.2. North America Solid-State Battery Market revenue (US$ Million) estimates and forecasts By Application, 2024-2031
10.1.3. North America Solid-State Battery Market revenue (US$ Million) estimates and forecasts By Battery Type, 2024-2031
10.1.4. North America Solid-State Battery Market revenue (US$ Million) estimates and forecasts By Capacity, 2024-2031
10.1.5. North America Solid-State Battery Market revenue (US$ Million) estimates and forecasts By Type, 2024-2031
10.1.6. North America Solid-State Battery Market revenue (US$ Million) estimates and forecasts by country, 2024-2031
10.2. Europe
10.2.1. Europe Solid-State Battery Market revenue (US$ Million) By Component, 2024-2031
10.2.2. Europe Solid-State Battery Market revenue (US$ Million) By Application, 2024-2031
10.2.3. Europe Solid-State Battery Market revenue (US$ Million) By Battery Type, 2024-2031
10.2.4. Europe Solid-State Battery Market revenue (US$ Million) By Capacity, 2024-2031
10.2.5. Europe Solid-State Battery Market revenue (US$ Million) By Type, 2024-2031
10.2.6. Europe Solid-State Battery Market revenue (US$ Million) by country, 2024-2031
10.3. Asia Pacific
10.3.1. Asia Pacific Solid-State Battery Market revenue (US$ Million) By Component, 2024-2031
10.3.2. Asia Pacific Solid-State Battery Market revenue (US$ Million) By Application, 2024-2031
10.3.3. Asia Pacific Solid-State Battery Market revenue (US$ Million) By Battery Type, 2024-2031
10.3.4. Asia Pacific Solid-State Battery Market revenue (US$ Million) By Capacity, 2024-2031
10.3.5. Asia Pacific Solid-State Battery Market revenue (US$ Million) By Type, 2024-2031
10.3.6. Asia Pacific Solid-State Battery Market revenue (US$ Million) by country, 2024-2031
10.4. Latin America
10.4.1. Latin America Solid-State Battery Market revenue (US$ Million) By Component, (US$ Million) 2024-2031
10.4.2. Latin America Solid-State Battery Market revenue (US$ Million) By Application, (US$ Million) 2024-2031
10.4.3. Latin America Solid-State Battery Market revenue (US$ Million) By Battery Type, (US$ Million) 2024-2031
10.4.4. Latin America Solid-State Battery Market revenue (US$ Million) By Capacity, (US$ Million) 2024-2031
10.4.5. Latin America Solid-State Battery Market revenue (US$ Million) By Type, (US$ Million) 2024-2031
10.4.6. Latin America Solid-State Battery Market revenue (US$ Million) by country, 2024-2031
10.5. Middle East & Africa
10.5.1. Middle East & Africa Solid-State Battery Market revenue (US$ Million) By Component, (US$ Million) 2024-2031
10.5.2. Middle East & Africa Solid-State Battery Market revenue (US$ Million) By Application, (US$ Million) 2024-2031
10.5.3. Middle East & Africa Solid-State Battery Market revenue (US$ Million) By Battery Type, (US$ Million) 2024-2031
10.5.4. Middle East & Africa Solid-State Battery Market revenue (US$ Million) By Capacity, (US$ Million) 2024-2031
10.5.5. Middle East & Africa Solid-State Battery Market revenue (US$ Million) By Type, (US$ Million) 2024-2031
10.5.6. Middle East & Africa Solid-State Battery Market revenue (US$ Million) by country, 2024-2031
Chapter 11. Competitive Landscape
11.1. Major Mergers and Acquisitions/Strategic Alliances
11.2. Company Profiles
11.2.1. Bollore Group (Bluesolutions)
11.2.2. QuantumScape Corporation
11.2.3. Toyota Motor Corporation
11.2.4. Solid Power, Inc.
11.2.5. TDK Corporation
11.2.6. SAMSUNG SDI CO., LTD.
11.2.7. Hitachi Zosen Corporation
11.2.8. Ilika plc
11.2.9. Ganfeng Lithium Group Co., Ltd.
11.2.10. ProLogium Technology Co., Ltd.
11.2.11. Ionic Materials Inc
11.2.12. Prieto Battery Inc.
11.2.13. Factorial Inc
11.2.14. theion GmbH
11.2.15. Sakuu Corporation
11.2.16. Ion Storage Systems
11.2.17. SK on Co., Ltd
11.2.18. Natrion
11.2.19. Ampcera Inc.
11.2.20. LG Energy Solution
11.2.21. LionVolt
11.2.22. StoreDot Ltd
Solid-State Battery Market By Application-
Solid-State Battery Market By Component-
Solid-State Battery Market By Battery Type-
Solid-State Battery Market By Capacity-
Solid-State Battery Market By Type-
Solid-State Battery Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
