COVID19:Solid State Battery Market — Global Industry Analysis and Forecast 2020 to 2027

  • According to the new market research report “Solid State Battery Market by Component (Anode, Cathode, Solid Electrolyte), by Type (Primary Battery, Secondary Battery), by End Use Industry (Automobile, Consumer Electronics, Energy & Utilities, Aerospace and Satellite, and Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2027)”, the global solid state battery market is estimated to reach USD 454.7 Million by 2027 at a CAGR of around 32.6% during the review period.
  • Growing demand of electric vehicles, efficient alternative to conventional batteries are few factors driving the demand for solid state battery market.
  • However, expensive processing of the battery remains a major challenging factor for the growth of the solid state battery market.
  • Expanding demand of electric vehicles worldwide resulting in the growth of the solid state battery.
  • Solid state batteries are far more efficient when compared to conventional batteries, solid state batteries have longer life cycle, longer shelf life, better thermal stability such factors also boost the demand of the solid state battery.
  • High interfacial resistance at the electrode/electrolyte surface may restrain the growth of the market as the high resistance hinders ion diffusion process in the battery.
  • Partnership between automobile manufacturers and battery manufacturers may become growth factor in the near future as the sector with huge demand itself may invest for the production of the batteries resulting in shooting production of the solid state batteries.
  • Expensive processing of the battery may hinder the growth of the market as the processing of solid state battery is not yet cost effective which may impact the demand in the medium and small sized enterprises.
  • Europe
  • Asia-Pacific
  • QuantumScape Corporation:
  • KeraCel, Inc.:



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DataBridge Market Research

DataBridge Market Research

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