Lithium Solid-State Battery Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: BMW, Hyundai, Dyson, Apple, CATL, Bollor, Toyota, Panasonic

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Lithium Solid-State Battery Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.6% during the review period (2022 to 2027).

Lithium Solid-State Battery Market Overview:

A solid-state battery is composed mainly of cathode, anode, and solid electrolyte, as developed during the latter half of the 20th century. Lithium Solid-State batteries have a simpler structure than the traditional LiBs, and the simplified structure with a solid electrolyte enables higher energy density. Solid electrolytes not only conduct Li+ ions but also serve as the separator, as shown in the Figure below.

In Lithium Solid-State Battery, no organic liquid electrolyte, electrolyte salt, separator, or binder is required, which dramatically simplifies the assembly process. The operational principle of the Lithium Solid-State Battery is no different from the traditional LiBs. In the charging process, lithium ions are deintercalated from the cathode material and transported to the anode through the electrolyte, while electrons drift to the anode by the external circuit. Lithium ions combine with electrons to form more complete lithium atoms. The discharge process is just the reverse.

Who are the Major Players in Lithium Solid-State Battery Market?

The Lithium Solid-State Battery Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes: BMW, Hyundai, Dyson, Apple, CATL, Bolloré, Toyota, Panasonic, Jiawei, Bosch, Quantum Scape, Ilika, Excellatron Solid State, Cymbet, Solid Power, Mitsui Kinzoku, Samsung, ProLogium, Front Edge Technology, Qing Tao Energy Development and Others.

Recent Development:

8.04.2022 : The BMW Group is stepping up its activities in the field of sustainability and will use cast aluminium wheels produced with 100-percent green power for its BMW and MINI brands from 2024 onwards. For the BMW Group, this is another step towards its goal of creating the most sustainable supply chain in the automotive industry. The transition applies, in particular, to the energy-intensive electrolysis used in producing aluminium and to the wheel-casting process. To this end, corresponding agreements have been reached with all BMW Group wheel suppliers.

What are the major Applications, Types, and Regions of the Lithium Solid-State Battery Market?

By Type, it is segmented into

• Polymer-Based Lithium Solid-State Battery


• Lithium Solid-State Battery with Inorganic Solid Electrolytes


• Other

By Applications, it is segmented into

• Consumer Electronics


• Electric Vehicle


• Aerospace


• Others

Lithium Solid-State Battery Market Regional Analysis

Asia-Pacific garnered the highest market share in the year 2020, in terms of revenue, and is anticipated to maintain its dominance throughout the forecast period. This is attributed to an increase in presence of a huge consumer & portable electronics consumer user base, development of the renewable energy sector, and growth in the use of battery energy storage systems. Moreover, the presence of the countries, including China, Japan, India, South Korea, and Australia contribute to the growth of the solid-state battery market in Asia-Pacific.

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• Rest of the World
  
  
  
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The Lithium Solid-State Battery market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia Pacific is expected to dominate the most significant market owing to rising demand for natural gas mainly across the countries like India, China, and Japan among others. China has the fastest-growing investment in LNG stations, as its focus on cleaner energy for industrial and commercial transportation is anticipated to drive the market across the region. Following Asia-Pacific, Europe, and North America and have implemented stringent laws to reduce emissions & are more focused on renewable energy projects and energy-efficient sectors the rise in commercial and industrial transportation has led to the expansion of LNG stations across the region, and are the second-largest region in the global Lithium Solid-State Battery market. In Latin America government has reduced the importation tariffs for LNG-powered vehicles, enhancing the market landscape of Lithium Solid-State Battery positively.

What is our Lithium Solid-State Battery Market Report Scope?

Scope of the Report covers Lithium Solid-State Battery Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Lithium Solid-State Battery Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.

Key Takeaways from this Lithium Solid-State Battery Report

• Evaluate Lithium Solid-State Battery market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Lithium Solid-State Battery market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions -

Which segment accounted for the largest solid state battery market share?

Asia Pacific dominated the Lithium Solid-State Battery Market with the highest share of 33.0% in 2019. These batteries offer higher energy density, low flammability, and higher electrochemical stability when compared to conventional batteries are expected to play a vital role in the biomass power market.

What is the Lithium Solid-State Battery Market growth?

The global Lithium solid state battery market is expected to grow at a compounded annual growth rate of 13.0% from 2020 to 2027 to reach USD 87.54 billion by 2027.

How big is the Lithium Solid-State Battery market?

The global Lithium Solid-State Battery size was estimated at USD 32.91 billion in 2020 and is expected to reach USD 34.18 billion in 2022.

Who are the key players in the Lithium Solid-State Battery?

Some key players operating in the Lithium Solid-State Battery include BMW, Hyundai, Dyson, Apple, CATL, Bolloré, Toyota, Panasonic, Jiawei, Bosch, Quantum Scape, Ilika, Excellatron Solid State, Cymbet