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Solid State Battery Market Size to Hit USD 10,160.4 Million at a CAGR of 36.3% for 2022-2030 | Emergen Research

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Solid State Battery Market Size to Hit USD 10,160.4 Million at a CAGR of 36.3% for 2022-2030 | Emergen Research

September 12
21:38 2022
Solid State Battery Market Size to Hit USD 10,160.4 Million at a CAGR of 36.3% for 2022-2030 | Emergen Research
Solid State Battery Market | Emergen Research
Rising popularity of solid-state batteries due to longer shelf life than conventional batteries and rapid increase in demand for miniaturized power sources are driving global solid state battery market revenue growth

The global Solid State Battery (SSB) market size was USD 630.5 Million in 2021 and is expected to register a revenue CAGR of 36.3% over the forecast period, according to the latest analysis by Emergen Research. Rising popularity of solid-state batteries due to their longer shelf life than conventional batteries and the rapid increase in demand for miniaturized power sources are major factors driving market revenue growth. In addition, increase in dependency on AI for battery research is further expected to drive revenue growth of the market.

The Global Solid State Battery Market report brings into light key market dynamics of the sector. This intelligence report includes investigations based on Current scenarios, Historical records, and Future predictions. The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, diagrams, graphs, pie charts, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.

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The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.

Major Players/Manufacturers profiled in the report are:

 Samsung SDI Co. Ltd., Solvay, Cymbet Corporation, Pathion Inc., Saft, Johnson Energy Storage, Inc., Toyota Motor Corporation, BrightVolt Solid State Batteries., Solid Power, and Contemporary Amperex Technology Co., Ltd.

Historical data available in the report elaborates on the development of the Solid State Battery on national, regional and international levels. Solid State Battery market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis.

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Some Key Highlights

On 06 October 2021, BrightVolt Solid State Batteries received a funding of USD 16 Million Series B financing round with significant investments by New Science Ventures (NSV) and Caterpillar Venture Capital Inc. This additional money will be used to create larger form factor solutions aimed at markets for industrial electrification and e-mobility.

The Electric Vehicles (EVs) segment is expected to grow at a rapid rate over the forecast period. An electric car battery’s reducing carbon footprint can be further reduced by 24% using a solid-state battery, which stores more energy with a fewer component. This can significantly drive market revenue growth.

The multi-cell battery segment accounted for largest share in 2021. Multi-cell battery enables weaker cell to receive a discharge from battery pack as a whole. Main benefit of this approach is that any weak cell can receive charge from entire pack without needing to be transferred from a single higher voltage cell.

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Emergen Research has segmented the global solid state battery market based on application, battery type, capacity, and region:

Application Outlook (Revenue, USD Million, 2019–2030)

Consumer Electronics

Electric Vehicles

Energy Harvesting

Medical Devices


Wireless Sensors

Battery Type Outlook (Revenue, USD Million, 2019–2030)

Single-Cell Battery

Multi-Cell Battery

Capacity Outlook (Revenue, USD Million, 2019–2030)

Below 20 mAh

Above 500 mAh

Research Methodology

Using secondary sources such as company websites, annual reports, press releases, financial data, investor presentations, articles, news, white papers, certified publications, and government publishing sources as a starting point for the research methodology used to estimate and forecast the size of the Global Solid State Battery Market. In addition, the research takes into account vendor offers in order to categorise the market.

Using this data, the research then calculates the size of the global Solid State Battery market using a bottom-up approach. Primary research included thorough interviews with senior executives, chief executive officers, and directors, as well as vice presidents (VPs) and managers to determine the size of the market. These categories and sub-segments were then confirmed and validated by secondary research. Data triangulation processes are then used to complete the total market engineering process and arrive at precise statistics for all segments and sub-segments

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Major Regions Covered in the Solid State Battery Market Report:

North America


Asia Pacific

Latin America

Middle East & Africa

Key Reasons to Buy This Report:

The report presents a thorough examination of the Solid State Battery market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.

The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.

The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.

The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.

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Thank you for reading our report. Customization of the report is available according to the requirements of clients. In case of further queries about the report, do get in touch with us. Our team will make sure your report is tailored according to your needs.

About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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