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The Global Solid-state Battery Market Share is anticipated to grow at a CAGR of around 37.10% during the forecast period 2023-28. The market growth imputes to the increasing requirement for electronic vehicles globally, boosting the demand for these batteries. The electronic vehicle industry is booming globally due to expanded environmental awareness, government support to achieve net zero emissions, and rising public charging stations
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Global Solid-state Battery Market Research Report: Forecast (2023-2028) • GET UPDATED SAMPLE REPORT 2025-2030 • MARKNTEL ADVISORS
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Market Insights The Global Solid-state Battery Market Share is anticipated to grow at a CAGR of around 37.10% during the forecast period 2023-28. The market growth imputes to the increasing requirement for electronic vehicles globally, boosting the demand for these batteries. The electronic vehicle industry is booming globally due to expanded environmental awareness, government support to achieve net zero emissions, and rising public charging stations. These batteries are considered the best option for most electric vehicles due to their stability than lithium-ion batteries because they don’t rely on liquid electrolytes to conduct electricity. They also offer very high energy density than other batteries, which would improve the mileage of electronic vehicles & the need to charge them frequently would also decrease.
Market Trends Surging Investment by Automobile Companies - Solid-state battery technology is increasingly receiving investment from automobile & tech giants such as Toyota, Samsung, Umicore, etc. This investment is due to the solid-state batteries' advanced features that can provide better energy storage solutions with improved safety, efficiency, and durability compared to traditional batteries. This battery offers significant advancements over traditional ones, such as higher energy density & faster charging. These features are expected to tackle concerns regarding electric vehicle range limitations & charging times.
Market Segments Solid-state Battery Market Report- By Type (Thin-Film Solid State Battery, Portable Solid State Battery), By Application (Consumer Electronics, Electronic Vehicles, Medical Devices, Wearables, Energy Harvest, Others(Aerospace, RFIDs, etc.)), By Storage Capacity (Up to 20mAh, 20.1mAh-500mAh, Above 500mAh), By Region (North America, South America, Europe Middle East and Africa, Asia-Pacific)
Top Companies Cymbet Corporation, Samsung SDI, Hitachi Zosen Corporation, Ionic Material, QuantumScape, Ilika Plc., Blue Solutions, Brightvolt, Prieto Battery, Ganfeng Lithium Group Co., Ltd., Storedot, Solid Power, ProLogium Technology, Natrion, Sakuu, Others
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MarkNtel Advisors Target Geographies- Focus Areas • MarkNtel has strategically defined its target areas which are based on evaluation by its analysts after analysing the growth potential of various regions. Few of those parameters include: • -Political, Economic, Social, Technological and Environmental Analysis • -Credit Ratings provided by leading institutions • -GDP projections by bodies such as the World Bank, IMF, OECD, etc. • -Market Disruptions and the “Next Big Things”
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