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Report Highlights
The global market for solid state batteries is estimated to increase from $274.0 million in 2023 to reach $1.7 billion by 2029, at a compound annual growth rate (CAGR) of 36.7% from 2024 through 2029.
Report Includes
- 50 data tables and 43 additional tables
- An analysis of the global market for solid-state battery (SSD) technologies
- Analyses of the global market trends, with market revenue data for 2022, estimates for 2023, forecasts for 2024 and projected CAGRs through 2028
- Estimate of the current market size and revenue growth prospects, along with a market share analysis by battery type, battery capacity, application and region
- Facts and figures pertaining to the market drivers, opportunities and challenges, emerging technologies, regulations and the impacts of macroeconomic variables
- An analysis of recent patent grants and key published patents
- Overview of sustainability trends and ESG developments, with emphasis on ESG performance, consumer attitudes, companies’ ESG score rankings and their ESG practices
- Analysis of leading companies’ market shares, M&A activity and venture funding outlook
- Company profiles of major players within the industry, including Bluesolutions, Ilika, ProLogium Technology Co. Ltd., QuantumScape Corp., and Samsung SDI Co. Ltd.
Report Scope
The report provides an overview and analysis of the global SSB market and leading companies’ products, strategies and initiatives. Using 2023 as the base year, the report provides estimated market data for 2024, and forecasts for 2024 through 2029. It also includes details about different types of SSBs and their end-use applications. Estimated market values are based on the determined market penetration of SSBs in the electric vehicle (EV) battery market. In the report, only the battery electric vehicle (BEV) industry has been considered, and not the plug-in hybrid electric vehicles (PHEVs), as SSB technology is being primarily developed as an advanced power source for BEVs. Projected revenue values are in constant U.S. dollars that have not been adjusted for inflation.
In this report, the global SSB market is segmented by:
- Type: bulk and thin film batteries.
- Cell type: single-cell and multi-cell batteries.
- Rechargeability: primary and secondary batteries.
- Capacity: below 20 milliampere-hours (mAh), 20–500 mAh, above 500 mAh.
- End use industry: EVs, industrial, medical and healthcare, consumer electronics, and others. (Others include energy storage, aerospace and military).
- Region: North America, Europe, Asia-Pacific and the rest of the world (Rest of World).
(Note: mAh is used to rate the energy capacity of common household batteries and those of electronic devices such as smartphones, laptops and appliances.)
Report Synopsis
| Report Metrics | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||
| Forecast period considered | 2024-2029 | ||||||||||
| Base year market size | $274.0 Million | ||||||||||
| Market size forecast | $1.7 Billion | ||||||||||
| Growth rate | CAGR of 36.7% for the forecast period of 2024-2029 | ||||||||||
| Units considered | $ Millions | ||||||||||
| Segments covered | Type, Cell Type, Rechargeability, Capacity, End User | ||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World (RoW) | ||||||||||
| Countries covered | U.S., Canada, U.K., Germany, France, Italy, Norway, Sweden, Spain, Poland, China, India, Japan, South Korea, Australia, New Zealand, Singapore, Thailand, South America, Argentina, Brazil, The Middle East and Africa, UAE, Saudi Arabia, Egypt, South Africa | ||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Increasing demand for enhancing the energy density of EV batteries.
- Enhanced safety compared to Li-ion batteries.
- Emerging use cases on medical device applications for improved safety and performance.
- By Battery Type
- By Cell Type
- By Rechargeability
- By Capacity
- By End Use
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Consulting Editor’s Credentials
Jason Chen has been an analyst and consultant for the polymer, composite, fibre, textile and energy industries for 19 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.
Report Highlights
This report focuses on the growing use of solid-state battery and how the market is expected to perform in the coming years. The report provides an in-depth knowledge of the solid-state battery market, and the challenges faced by the various market players. It provides current market value, expected market value in the next five years, average growth rate, drivers, restraints, and a qualitative analysis of the market and identifies how the solid-state battery market is performing and its new and upcoming technologies.
Report Includes
- An overview of the global markets for solid state battery and applications thereof
- Analyses of the global market trends, with corresponding market analysis data for 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
- Estimation of market size and forecasted data for solid-state battery, and market share analysis on the basis of end user industry and key geographical regions
- Exploration of market potential for solid-state battery, opportunities and restraints, environmental regulations, and technological trends and issues impacting the industry
- Identification of the global leading players in the solid-state battery market and insight into how their growing research and development activities are advancing the market
- Key merger and acquisition deals, collaborations and joint ventures within the fuel cell battery technologies marketplace
- Company profiles of the market leading participants
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