The European solid-state battery market over the course of the forecast period of 2019-2027
LONDON, Jan. 15, 2019 /PRNewswire/ -- KEY FINDINGS
Solid-state batteries employ solid electrolytes as well as solid electrodes and are being considered as an alternative to the Li-ion battery technology. By the end of the forecast period of 2019-2027, the global solid state battery market is expected to grow with a CAGR of 66.32%. The market has been valued at $ xx million in 2018 and is estimated to be of $ XX million by 2027.
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MARKET INSIGHTS
The global solid-state battery market is segmented by applications, battery capacity and by battery type.The application segment of the market includes electric vehicles, consumer electronics, energy harvesting, wearable devices, medical devices and other applications.
The battery capacity can vary from less than 20 mAh, between 20 mAh & 500 mAh and 500 mAh above.Global solid-state battery market by battery type includes bulk batteries, thin-film batteries and other batteries.
In terms of applications, the consumer electronics lead the application segment of the global solid-state battery market by capturing the largest market share of over XX% in 2018 and had estimated revenue of approximately $XX million.
REGIONAL INSIGHTS
The regional segmentation of the global solid-state battery market is carried out over North America, Europe, Asia-Pacific and the Rest of World.The highest CAGR is expected from the European solid-state battery market over the course of the forecast period of 2019-2027.
Favourable government initiatives and efforts taken by several research groups to promote the use of these batteries are driving the market growth in this region. Moreover, the Germany solid-state battery market would be on the constant rise, owing to rising adoption of solid state battery by various automotive companies coupled with rising sales of electric vehicles that are uplifting the overall market growth in Europe.
COMPETITIVE INSIGHTS
Dyson, Imec, Brightvolt Incorporation, Front Edge Technology Inc., Excellatron Solid State LLC, Hitachi Zosen Corporation, Infinite Power Solutions Inc. (Acquired By Apple Inc.), Panasonic Corporation, Prieto Battery Inc., Planar Energy Devices Inc., Robert Bosch, STMicroelectronics N.V., Cymbet Corporation, Solid Power Inc. and Toyota Industries Corporation are the competing corporates in the solid-state battery market.
Companies mentioned
1. BRIGHTVOLT, INC.
2. CYMBET CORPORATION
3. DYSON
4. EXCELLATRON SOLID STATE, LLC
5. FRONT EDGE TECHNOLOGY INC.
6. HITACHI ZOSEN CORPORATION
7. IMEC
8. INFINITE POWER SOLUTIONS, INC. (ACQUIRED BY APPLE INC.)
9. PANASONIC CORPORATION
10. PLANAR ENERGY DEVICES, INC.
11. PRIETO BATTERY
12. ROBERT BOSCH GMBH
13. SOLID POWER INC.
14. STMICROELECTRONICS N.V.
15. TOYOTA MOTOR CORPORATION
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