DUBLIN--(BUSINESS WIRE)--The "Solid State Battery Market - Industry Trends, Opportunities and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
Global solid state battery market is projected to expand at a CAGR of 41% over the forecast period 2018 to 2023.
Continuous advancements in consumer electronics, automotive and many other industries are increasing the demand for more compact and efficient power sources. Small size of these batteries along with their higher storage capacity, as compared to conventional batteries, is expected to increase the adoption of these batteries by various industry verticals over the projected period. Rising incidence of battery explosions are spurring the need for safer alternatives which will further fuel the adoption of these incombustible solid state batteries for a wide range of applications, thus augmenting their market growth.
Increasing investments into research and development by major market players are improving the efficiency and safety of these batteries while improving their design. However, high cost of these batteries will restrain their market growth in some regions.
North America, being the early adopter of advanced technologies, holds the largest share in the global solid state battery market. Asia Pacific is expected to show the highest growth rate over the forecast period owing to increasing investments by market players into this region.
The competitive intelligence and company profile sections analyze key players in the market, their growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Dyson, Bosch, BrightVolt, Prieto Battery, Cymbet Corporation, Excellatron along with several other players.
Segmentation
By Electrolyte
- Garnet
- LiPON
By Industry Vertical
- Consumer Electronics
- Automotive
- Healthcare
Companies Mentioned
- Dyson
- BrightVolt
- Bosch
- Prieto Battery
- Cymbet Corporation
- Excellatron
- Toyota Motor Corporation
- Infinite Power Solutions
For more information about this report visit https://www.researchandmarkets.com/research/rmlzlj/global_solid?w=4
