Solid-State Lithium Battery Market to Reach $1.3 Billion, Globally, by 2030 at 18.2% CAGR: Allied Market Research

The rise in adoption of sustainable energy solutions and the surge in demand for high-performance and safe energy storage systems are synergistically driving the demand for solid-state lithium batteries. As the global energy sector increasingly prioritizes environmental stewardship, there is a growing need for alternatives to traditional batteries with high environmental impacts, such as conventional lithium-ion batteries.

WILMINGTON, Del., Sept. 18, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Solid-State Lithium Battery Market by Manufacturing Type (Thin-Film Battery, Bulk Battery and Others), and Application (Consumer Electronics and Electric Vehicles (EVs), Energy Storage Systems, Medical Devices, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2030". According to the report, the solid-state lithium battery market was valued at $0.4 billion in 2023, and is estimated to reach $1.3 billion by 2030, growing at a CAGR of 18.2% from 2024 to 2030.

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A151389

Prime determinants of growth

Solid-state lithium batteries have the potential to achieve higher energy densities compared to conventional lithium-ion batteries, owing to their ability to utilize metallic lithium as the anode material. This increased energy density translates to longer battery life and extended operating ranges for electric vehicles, as well as longer runtimes for portable electronics, addressing the growing demand for more efficient and long-lasting battery solutions.

The higher energy density of solid-state lithium batteries also results in improved overall performance. Electric vehicles equipped with solid-state lithium batteries can achieve longer driving ranges on a single charge, reducing the need for frequent recharging, and improving the overall efficiency of the vehicle. Similarly, portable electronics powered by solid-state lithium batteries can operate for longer durations between charges, enhancing user convenience and satisfaction.

Report coverage & details:

The thin-film segment is expected to experience the fastest growth throughout the forecast period.

By manufacturing type, the thin-film segment held the highest market share in 2023 and is estimated to maintain its leadership status throughout the forecast period. Thin-film batteries are characterized by their small size, light weight, and high flexibility. These features allow them to be integrated into compact and portable devices, making them ideal for use in consumer electronics such as smartphones, wearables, and other portable gadgets.

Procure Complete Report (340 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/solid-state-lithium-battery-market

The electric vehicles (EVs) segment is expected to experience the fastest growth throughout the forecast period.

Based on application, the electric vehicles (EVs) segment held the highest market share in 2023 and is estimated to dominate during the forecast period. The electric vehicle (EV) segment is the dominant force in the solid-state lithium battery market, driven by the critical need for higher energy density, improved safety, and longer lifespan in battery technology. Automakers are increasingly adopting solid-state batteries to meet stringent regulatory standards and consumer demand for longer-range and safer electric vehicles as the global push for sustainable and clean energy intensifies.

Asia-Pacific is expected to grow at fastest CAGR throughout the forecast period

Based on region, Asia-Pacific was the fastest growing region in terms of revenue in 2023. Asia-Pacific fuels the growth of the solid-state lithium battery market. Governments across the region are implementing stringent emission regulations and offering incentives to promote the adoption of EVs, leading to a surge in demand for high-performance batteries. Solid-state lithium batteries, with their higher energy densities and enhanced safety profiles, are well-suited to meet the requirements of EV manufacturers and consumers alike, propelling market dominance in the region.

For Purchase Inquiry: https://www.alliedmarketresearch.com/solid-state-lithium-battery-market/purchase-options

Leading Market Players: -

• Solid Power Inc.
• SAMSUNG SDI CO., LTD.
• Blue Solutions.
• Ilika
• Toyota
• SES AI Corporation
• Hitachi Zosen Corporation
• Johnson Energy Storage, Inc.
• QuantumScape Battery, Inc.
• Excellatron

The report provides a detailed analysis of these key players in the global solid-state lithium battery market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Trending Reports in Energy & Power Industry:

Cylindrical Li-ion Battery Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Capacity, by Application, by End-Use: Global Opportunity Analysis and Industry Forecast, 2024-2033

Battery Thermal Management System Market Size, Share, Competitive Landscape and Trend Analysis Report, by Propulsion, by Technology, by Vehicle Type, by Battery Type: Global Opportunity Analysis and Industry Forecast, 2024-2030

Lead-Acid Battery Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product, by Construction Method, by Application: Global Opportunity Analysis and Industry Forecast, 2023-2032

Lithium-ion Battery Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Capacity, by Application: Global Opportunity Analysis and Industry Forecast, 2023-2032

Thin Film Battery Market Size, Share, Competitive Landscape and Trend Analysis Report, by Chargeability, by Voltage Range, by Application: Global Opportunity Analysis and Industry Forecast, 2023-2032

Battery Recycling Market Size, Share, Competitive Landscape and Trend Analysis Report, by Chemistry, Source, Application: Global Opportunity Analysis and Industry Forecast, 2021-2030

Lithium-Ion Battery Recycling Market Size, Share, Competitive Landscape and Trend Analysis Report, by Battery chemistry, Source, Recycling Process and End Use: Global Opportunity Analysis and Industry Forecast, 2021-2030

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/energy-and-power
Follow Us on | Facebook | LinkedIn | YouTube 

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

SOURCE Allied Market Research