Pune, India, October 2019, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Solid-State Battery Market.
Solid-State Battery Market is projected to be valued at USD 62.5 Million by 2025, with 48.02% CAGR during the forecast period, 2019–2025. Micro batteries are high voltage and high energy density batteries, which have a wide working temperature range, which makes it suitable for a wide range of general applications. Further, these batteries have large capacity and can supply current at a stable voltage, propelling their adoption in medical equipment and precision instruments.
GLOBAL SOLID-STATE BATTERY MARKET, 2019–2025
In 2018, Asia-Pacific dominated the global solid-state battery market in terms of share: MRFR
The global solid-state battery market has been segmented into five regions, namely Asia-Pacific, Middle East & Africa, Europe, North America, Europe, Asia-Pacific, Middle East & Africa and South America. Asia-Pacific is expected to dominate the global solid-state battery market during the forecast period in terms of market share. Asia-Pacific accounts for the largest share of the global solid-state battery market due to growing use of technically advanced products in the region, including smart cards, medical devices, and drug delivery systems. China holds the highest market contribution and is also the fastest-growing market in Asia-Pacific, due to the high demand for wearable devices and consumer electronics in the country.
The solid-state battery market in Europe is expected to be dominated by Germany owing to an increase in demand for electrical equipment in the industrial sector in the country. Further, smart packaging technologies are being adopted at a steady rate in the country, further driving the solid-state battery market in Germany. Moreover, Germany is the fastest growing market for solid-state batteries due to increasing investment in electric vehicles.
The Middle East & Africa solid-state battery market is dominated by the share of the market in Saudi Arabia due to the demand for wearable devices in the region. The high income among the citizens in the country is driving the demand for wearable devices in Saudi Arabia. The UAE is expected to be the fastest-growing market for solid-state batteries in the Middle East region due to increasing government initiatives for electric vehicles to reduce carbon emission.
The solid-state battery market in South America is dominated by Brazil owing to increasing demand for consumer electronics and wearable devices in the country. Brazil is also the fastest growing market in South America due to the increasing demand for consumer electronics and wearable devices is due to the improving economic conditions in the country.
The global solid-state battery market is segmented based on component, type, product, capacity, application, and region. By type, the global solid-state battery market is segmented into portable, thin-film, and others. The thin-film segment is expected to dominate the global market due to the high demand in applications such as packaging, smart cards, and medical devices. By capacity, the global solid-state battery market is segmented into below less than 20 mAh, 20 mAh - 300 mAh, 301 mAh – 500 mAh, and above 500 mAh. The 20 mAh - 300 mAh segment is expected to grow with the highest CAGR during the forecast period because these batteries are in demand for both thin-film and printed battery types. By application, the global solid-state battery market has been segmented into electric vehicles, electronics, medical devices, wearable devices, smart cards, and others. The electric vehicle segment is expected to grow at the highest rate during the forecast period, due to the increasing demand for solid-state batteries in electric vehicles.
The Global Micro Battery Market is expected to grow at 48.02% CAGR during the forecast period.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/solid-state-battery-market-8484
Scope of the Report
This report provides an in-depth analysis of the global solid-state battery market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and shares for the Middle East & Africa, North America, South America, Asia-Pacific, Europe, and. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global solid-state battery market by component, type, capacity, application, and region.
The key players operating in the global market for solid-state batteries are Robert Bosch GmbH (Germany), Infinite Power Solution, Inc. (US), Planar Energy Devices, Inc. (US), Apple Inc. (US), Cymbet Corporation (US), Altairnano (US), STMicroelectronics N.V. (Switzerland), Toyota Motor Corporation (Japan), Brightvolt Inc. (US), Excellatron Solid State, LLC (US), Solid Power, Inc. (US), and Quantumscape Corporation (US).