Breaking the Barriers: Advancements in the Solid State Battery Market

1. MarketsandMarkets Presents The Global Solid State Battery Market size is estimated to grow from USD 58 million in 2022 to USD 314 million by 2028; it is expected to grow at a CAGR of 32.5% during the forecast period. Factors such as the rising requirement of Solid State Batteries in electric vehicles, the increasing trend toward the miniaturization of consumer electronics, and growing R&D activities by major companies are driving the growth of the Solid State Battery Market. Solid-state batteries could be the game changer for electric vehicles, support advanced consumer electronics such as mobiles and laptops, and are adopted in emerging applications such as energy harvesting and wearable devices.

2. MarketsandMarkets Presents Key Players: Cymbet (US), Robert Bosch (Germany), Toyota Motor (Japan), Solid Power (US), Excellatron Solid State (US), and BrightVolt (US) are a few of the major companies operating in the Solid State Battery Market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=164 577856

3. MarketsandMarkets Presents “Single-Cell Batteries to hold larger market share in Global Solid State Battery Market” The Single-cell battery segment is expected to lead the Solid State Battery Market during the forecast period. Single-cell batteries—also known as thin- film batteries—have been used for more than a decade. They are preferred for miniature devices. Manufacturers designing portable products with limited internal space prefer micro batteries over conventional batteries to ensure improved safety and battery life. Thin-film batteries are widely used in smart packaging, smart cards, wearable devices, and medical devices. The trend of miniaturization of electronic devices has increased the demand for thin-film solid-state batteries, driving the growth of the single-cell battery market significantly.

4. MarketsandMarkets Presents “Medical Devices Application accounted largest market size in 2021” Medical devices held the largest size of the Solid-state Battery Market in 2021. Currently, solid-state batteries have been significantly used in the medical devices industry; several manufacturers are designing and offering solid-state batteries to power medical devices, such as temperature sensors, pacemakers, and smart patches. Technological advancements and the rapid penetration of IoT in the medical field have generated opportunities for high-capacity battery-powered medical devices. Implantable medical devices, such as neural stimulators, pacemakers, and defibrillators, require batteries that can deliver a steady, reliable power source for a long duration; solid-state batteries meet all these requirements owing to their high reliability and performance.

5. MarketsandMarkets Presents “Market in Europe to grow at highest CAGR during 2022-2028” Europe is expected to grow at the highest CAGR during the forecast period. Major applications of the Solid-State Battery Market in Europe include packaging, consumer electronics, electric vehicles, and medical devices such as Robert Bosch (Germany) and Ilika (UK), and Blue Solutions (France) are developing the next-generation flexible devices. These devices require power sources that are not only small but also have high power density to complement the product design; these requirements are fulfilled by thin-film batteries.

6. MarketsandMarkets Presents According to (International Energy Agency), Europe has overtaken China and become the main market for electric vehicles. The Solid- State Battery Market in Europe includes regions such as the UK, Germany, France, and the Rest of Europe. Browse 214 market data Tables and 62 Figures spread through 243 Pages and in-depth TOC on "Solid State Battery Market with COVID-19 impact analysis by type, Rechargeability, Capacity, Application (Consumer Electronics, Electric Vehicles, Energy Harvesting, Medical Devices, Packaging, Wireless Sensors) & Region - Global Forecast to 2028" @ https://www.marketsandmarkets.com/Market- Reports/solid-state-battery-market-164577856.html

7. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

8. MarketsandMarkets Presents Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/solid-state- battery.asp