2019 Solid State Batteries Market Growth | Trends Analysis Report 2025

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Solid State Battery Market 2019 Business
Growth, Trend and Forecast 2025
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Global Market Scenario of Solid State Batteries
Industry

• Solid state battery market is poised to
  experience remarkable changes in the years to
  come, owing to a wide application base and
  growing environmental concerns which have
  triggered the demand for electric vehicles. Solid
  state batteries provide better safety, longer
  life cycle and entail lower cost compared to the
  Li-ion batteries, which have helped foster their
  demand. Several government initiatives for the
  development of more efficient energy solutions
  will heavily influence solid state battery
  industry trends.
• Technological advancements have attracted several
  customers towards the consumption of smart
  devices, which will stir the adoption of solid
  state batteries that are more reliable than most
  other alternatives. In fact, the consumer
  electronics segment in solid state battery market
  is slated to witness a CAGR of more than 30 by
  the year 2025. The ability to provide enhanced
  storage capacity and short recharging time will
  strengthen the industry prospects. These
  batteries have solid electrolyte present in them
  that ensures enhanced safety when in use,
  emerging as a key driver for the use of the
  products in digital cameras and smartphones.

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• Private investments for research and development
  of energy storage solutions as well as corporate
  initiatives will help develop innovative and
  long-lasting products. For instance, Ricardo, a
  global engineering and environmental consultancy
  firm had begun a project in 2018, supposed to
  last for 30 months, under a collaboration with
  numerous battery technology experts in the U.K.
  for the development of solid state battery for
  electric vehicles (EVs). Similar efforts across
  the region will certainly lead to swift expansion
  of Europe solid state battery market size.
• The German government had recently announced that
  it will be investing about USD 1.2 billion in
  order to support the future production activities
  for next gen solid state batteries in Europe.
  Apparently, the battery consumption from electric
  vehicles is slated to reach unprecedented levels
  in the next few years. The strategy of the Berlin
  government is part of the Battery Alliance
  initiative of European Union that has a goal to
  boost the share of EUs EV battery manufacturing
  capacity, raising it to 30 by the year 2030.

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UK Solid State Battery Market Size, By Product,
2018 2025 (USD Million)
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-state-battery-market
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360 Industry Analysis

• Numerous projects through the Faraday Battery
  Challenge in U.K. had secured a total of GBP 23
  million from the UK government in the third round
  of funding. It is supposedly a part of the total
  GBP 274 million set aside for investing in
  different projects targeting development of EV
  technologies. This massive initiative represents
  a notable research and development thrust that
  will ensure innovative technologies are provided
  to EV makers and will positively impact Europe
  solid state industry outlook.
• The U.S. Department of Energy says that if and
  when EV battery costs may fall below 125 per
  kWh, it will become cheaper for people to own and
  operate electric cars, as compared to
  petrol-driven options. Economic viability could
  substantially increase the demand for solid state
  batteries, particularly since global battery EV
  market is estimated to reach USD 425 billion
  valuation by 2025.
• Eminent industry participants operating across
  market comprises of Cymbet, Ilika, BrightVolt,
  Front Edge, Altair, Hitachi Zosen, 24M, Solid
  Power, Excellatron, Prieto Battery, Robert Bosch,
  STMicroelectronics, Planar Energy, QuantumScape
  and Toyota. The leading industry players are
  focusing toward extensive research development
  activities for large-scale commercialization of
  product and to increase its application
  potential.

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Industry Background
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• Competitive Analysis
• Cymbet
• Ilika
• BrightVolt
• Front Edge
• Altair
• Hitachi Zosen
• 24M
• Solid Power
• Excellatron
• Prieto Battery
• Robert Bosch
• STMicroelectronics
• Planar Energy
• QuantumScape and Toyota
• Browse Complete Summary of this report _at_
  https//www.gminsights.com/industry-analysis/solid
  -state-battery-market

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