Solid State Car Battery Market by Vehicle (Passenger Car and Commercial Vehicle), Battery Energy Density (>450 Wh/kg, >450 Wh/kg), Propulsion (BEV, PHEV),
Solid State Car Battery Market Overview
The Solid-State Car Battery market size is projected to reach a CAGR of 89.0% from 2022 to 2028.
Solid state battery is a new age technology for batteries wherein solid electrodes and solid electrolyte are used in place of conventional liquid or polymer gel electrolytes. These were first invented in 19th century but owing to their lower energy density these were not accepted but the; latest development has led to the higher density which has renewed the interest in these batteries.
Surged demand for electric vehicles across the globe along with the key benefits of SSB over conventional batteries like higher energy density are some of the factors that have supported long-term expansion for Solid State Car Battery Market.
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COVID-19 had a marginal effect on the market, which was due to disrupted research and development activities during the pandemic but over time the process has started again.
Solid State Car Battery Market Regional Analysis
Asia Pacific is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the favourable governmental policies along with the increased demand from the end user.
Solid State Car Battery Market Competitive Landscape
Key Players
- Toyota Motor Corporation
- Solid Power
- QuantumScape
- Samsung SDI
- LG Chem
- Ilika
- Brightvolt
- Panasonic
- Ioniq Materials
- Northvolt
- Cymbet
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Solid State Car Battery Market Recent Developments
- In May 2021, Solid Power came with a new technology of solid-state platform which is showcased in its new 77 kWh SSB.
- In March 2021, Toyota came up with its rechargeable solid-state batteries along with its prototype car.
Reasons to Acquire in the Solid State Car Battery Market
- Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
- Gain authentic and granular data access for Solid State Car Battery Market so as to understand the trends and the factors involved behind changing market situations
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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