Global Solid State Battery Market
The GMI Research forecasts that the Solid State Battery Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increase in their application in the healthcare, wearable, and drones sectors.
Introduction of the Solid State Battery Market:
A solid state battery uses both solid electrodes and electrolytes. They have low flammability, higher electrochemical stability, potential cathodes, and more energy density than liquid electrolyte batteries. They can handle more discharge cycles before degradation and offer durability and safety at a lower cost. They are used across multiple industries, including automotive, healthcare, energy, consumer electronics, industrial, and aerospace.
Key Players of the Global Solid State Battery Market:
- RingCentral, Inc
- BT
- Verizon
- Orange
- Cisco
- 8×8 Inc
- LogMeIn, Inc
- Google LLC
- Microsoft Corporation
- Mitel Networks Corp
Solid State Battery Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The swift development in the consumer electronics and sensor market, the growing tendency towards the miniaturization of electronic devices, and the accelerating smartphone penetration are some of the prominent drivers responsible for the solid state battery market growth. The augmenting acquisition of consumer electronics and wearable gadgets and the mounting demand for small-sized batteries with high performance and durability are strengthening the market size. In addition, their extensive usage in electric vehicles led by higher energy density, electrochemical stability, and low flammability as compared to the traditional batteries and the growing demand for light batteries in wearable devices, including fitness bands, smart clothing, and smartwatches, are further propelling the market demand. On the other hand, their high cost and complicated manufacturing process of solid-state batteries are expected to hinder the market’s growth.
Solid State Battery Market Segmentation:
Segmentation by Component
- Cathode
- Anode
- Solid Electrolyte
- Polymer
- Sulfide
- Oxide
- Solid
- Glass
- Others
Segmentation by Type
- Single-Cell Battery
- Multi-Cell Battery
Segmentation by Rechargeability
- Primary Battery
- Secondary Battery
Segmentation by Capacity
- Below 20 mAh
- Between 20 mAh And 500 mAh,
- ABove 500 mAh
Segmentation by Application
- Consumer Electronics
- Smartphones
- Wearables
- Electric Vehicles
- Medical Devices
- Energy Harvesting
- Wireless Sensors
- Packaging
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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