Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Editor's Pick Market Research

Solid-State Battery Market Is Projected To Reach $3,915 Million

Urja Daily by Urja Daily
May 13, 2022
in Market Research
Reading Time: 3 mins read
0
Solid State Batteries
Share on FacebookShare on TwitterShare on Linkedin

NEW YORK : In 2021, the global solid-state battery market accounted for $290 million in revenue, and it is expected to reach $3,915 million by 2030, advancing at a huge CAGR of 33.5% from 2021 to 2030, according to P&S Intelligence. The solid-state battery technology may become the future of electric transportation, as it is envisioned to be more energy-efficient than Li-ion batteries.

In this regard, extensive R&D will help the solid-state battery market grow in the next years by enhancing the potential of these energy storage devices. For example, in July 2021, the Deutsch government allocated $2.1 million funding for a research project that is aimed at bringing at under-development battery technology to the application stage.

RELATED POSTS

Can Electric Buses Fully Replace Diesel by 2030?

Key Trends Driving the Future of the Global Actuator Sensor Interface Market

Key Findings of Solid-State Battery Market Report

  • In 2021, the 20 mAh–500 mAh battery capacity category had the largest market share. These variants are required for a range of applications, including energy storage systems, household appliances, and wearable medical devices.
  • These energy storage systems are also rapidly being employed in electric vehicles, which will contribute to this application category’s fastest growth in the near future. The developments in automotive batteries and advantageous rules for electric vehicles are pushing the use of the latter over diesel, gasoline, CNG, and LPG vehicles.
  • Thin-film batteries have generated the highest solid-state battery market revenue in recent years, and the demand for them is also expected to grow at a significant rate. These variants are widely used in smart AI devices and IoT applications, such as fitness bands and smartwatches, with higher average output voltage, because of their effective revitalization rate and lower weight.
  • Harvard University researchers invented a durable and efficient solid-state lithium battery in May 2021. At a high current density, their charge can be replenished a minimum of 10,000 times. The researchers combined the novel battery architecture with a commercially available highly dense cathode material.
  • APAC dominated the market with a share of about 50% in 2021, and the same situation is expected over the projection period. The usage of these batteries in this region is being fueled by a big customer base for portable gadgets and improvements in the renewable energy industry.
  • Due to the large-scale production of batteries and the existence of a significant car manufacturer base, China is the biggest customer of solid-state batteries. Toyota, for example, presented a solid-state battery with a 1,000-mAh capacity in December 2020.

Moreover, Murata Manufacturing Co. Ltd. developed a high-energy-density solid-state battery in 2019. This novel battery has a longer endurance and is safer than the Li-ion secondary batteries currently in use. It is perfect for wearable devices that demand a high degree of safety; it can also fulfill the diversifying IoT applications.

To achieve a substantial position in the solid-state battery market, major companies have repeatedly participated in product launches. These companies are STMicroelectronics, QuantumScape Corporation, Jiangxi Ganfeng Lithium Co. Ltd., Solid Power Inc., Excellatron Solid State LLC, Toyota Motor Corporation, Factorial Inc., SK Innovation Co. Ltd., TotalEnergies SE, and StoreDot.

Solid-State Battery Market Segmentation Analysis

By Capacity

  • Below 20 mAh
  • 20m–500 mAh
  • Above 500 mAh

By Battery Type

  • Thin-Film Battery
  • Portable Battery

By Application

  • Portable Consumer Electronics
  • Electric Vehicles
  • Energy Harvesting
  • Wearable & Medical Devices

Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
Tags: battery technologyElectric TransportationLi-ion batteriesP&S Intelligencesolid-state battery
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

Electric Buses

Can Electric Buses Fully Replace Diesel by 2030?

by Palak
June 4, 2025
0

As the world accelerates its efforts to decarbonize transportation, electric buses are rapidly becoming the backbone of urban transit strategies....

Persistence Market Research

Key Trends Driving the Future of the Global Actuator Sensor Interface Market

by Palak
June 4, 2025
0

As industries transition toward smart factories and digital manufacturing, the Actuator Sensor Interface Market has emerged as a critical enabler of...

Low Carbon Building

Massive Growth Ahead: Low Carbon Building Market Eyes $1.3 Trillion by 2033

by Palak
May 9, 2025
0

According to a new report published by Allied Market Research, the low carbon building market size was valued at $0.6...

Physical Security Market

Top 5 Breakthroughs Reshaping the Physical Security Market

by Palak
May 7, 2025
0

In an increasingly volatile and unpredictable world, the demand for robust and advanced physical security solutions has never been greater....

Well Intervention Market

Well Intervention Market 2031: Growth Driven by Tech and Subsea Demand

by Palak
May 7, 2025
0

The well intervention market is undergoing a significant transformation driven by the interplay of technological innovation, increasing energy demands, and...

Next Post
jinkosolar

JinkoSolar Signs European Framework Agreement for Energy Storage

BigBlue Energy

BigBlue Energy Released New Emergency Power Source

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Recyclekaro Plant

Recyclekaro Group Brings Recycling to the Doorstep with Its New D2C Platform

June 7, 2025
Servotech

Errol Musk Wraps Up 6-Day India Tour, Applauds Green Tech and Rich Culture

June 7, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

Recyclekaro Group Brings Recycling to the Doorstep with Its New D2C Platform

Errol Musk Wraps Up 6-Day India Tour, Applauds Green Tech and Rich Culture

HyperloopTT’s Italian Project Begins Operations

World Environment Day 2025

AI and Machine Learning Driving Innovation in ADAS Market

Comau Showcases E-Drive and Stator Tech at CWIEME 2025

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved