Solid State Battery Market Share
Segmentation Analysis:
Insights by Product
The portable battery segment is expected to reach 38.5% growth rate between 2024 to 2033. Comparing solid-state batteries to conventional lithium-ion batteries, which offer various benefits like increased energy density, improved safety, and longer lifespan, solid-state batteries are regarded as a next-generation technology. Solid-state batteries are appealing for a variety of applications, such as electric vehicles (EVs), consumer electronics, and renewable energy storage, due to these advantages. When compared to conventional lithium-ion batteries, solid-state batteries often have a longer cycle life, which is essential for portable devices that are regularly charged and drained.
Insights by Application
The Consumer Electronics segment market value was USD 273 Million in 2023. Since solid-state batteries are more compact and offer the possibility for flexible form factors, manufacturers may be able to create products that are thinner and smaller. This is especially enticing for electronics that are portable. Rapid charging for consumer gadgets could be made possible by solid-state batteries, which is a key selling factor for many customers. Their adoption in this market was anticipated to be significantly influenced by their fast-charging characteristics. One of the possible markets for solid-state batteries was the consumer electronics sector. In 2021, the technology was still in its early phases of commercialization, and it was anticipated that it would take some time before it was widely used.
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Competitive Landscape:
Major players in the market
- Panasonic Corporation (Japan)
- SAMSUNG SDI CO., LTD. (South Korea)
- LG Chem. (South Korea)
- NEXEON LTD. (United Kingdom)
- Los Angeles Cleantech Incubator (U.S.)
- Enevate Corporation (U.S.)
- Zeptor Corporation (U.S.)
- CONNEXX SYSTEMS Corp. (Japan)
- XGSciences (U.S.)
- California Lithium Battery (U.S.)
- City of Irvine (U.S.)
- Amprius Technologies (U.S.)
- Solid Energy A/S (Denmark)
- ActaCell, Inc. (U.S.)
- OneD Material, Inc. (U.S.)
- Hitachi Chemical Co., Ltd. (Japan)
- Huawei Technologies Co., Ltd. (China).
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