Global Solid State Battery Market Size & Outlook
Global solid state battery market, 2016-2028 (US$M)
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Global solid state battery market highlights
- The global solid state battery market generated a revenue of USD 617.5 million in 2021 and is expected to reach USD 5,318.6 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 36% by 2028.
- In terms of segment, consumer & portable electronics accounted for a revenue of USD 206.7 million in 2021.
- Electric Vehicles is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2021.
- Country-wise, Colombia is expected to register the highest CAGR from 2022 to 2028.
Global data book summary
| Market revenue in 2021 | USD 617.5 million |
| Market revenue in 2028 | USD 5,318.6 million |
| Growth rate | 36% (CAGR from 2021 to 2028) |
| Largest segment | Consumer & portable electronics |
| Fastest growing segment | Electric Vehicles |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumer & Portable Electronics, Electric Vehicles, Energy Harvesting, Wearable & Medical Devices |
Other key industry trends
- In terms of revenue, the North America accounted for 20.5% of the global solid state battery market in 2021.
- By country, the China is projected to lead the global market in terms of revenue in 2028.
- By country, Colombia is the fastest growing regional market and is projected to reach USD 5.3 million by 2028.
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Solid State Battery Market Scope
Solid State Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global solid state battery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solid state battery market will help companies and investors design strategic landscapes.
Consumer & portable electronics was the largest segment with a revenue share of 33.47% in 2021. Horizon Databook has segmented the Global solid state battery market based on consumer & portable electronics, electric vehicles, energy harvesting, wearable & medical devices covering the revenue growth of each sub-segment from 2016 to 2028.
- Global Solid State Battery Application Outlook (Revenue, USD Million, 2016-2028)
- Consumer & Portable Electronics
- Electric Vehicles
- Energy Harvesting
- Wearable & Medical Devices
- Others
- Global Solid State Battery Capacity Outlook (Revenue, USD Million, 2016-2028)
- Below 20mAh
- 20mAh-500mAh
- Above 500mAh
- Global Solid State Battery Battery Type Outlook (Revenue, USD Million, 2016-2028)
- Thin Film Battery
- Portable Battery
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Horizon Databook provides a detailed overview of global-level data and insights on the Global solid state battery market , including forecasts for subscribers. This global databook contains high-level insights into Global solid state battery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Global solid state battery market size, by region, 2016-2028 (US$M)
Top 10 countries: Solid state battery market size, 2021 (US$M)
Global solid state battery market share, by application, 2021 & 2028 (%, US$M)
Solid state battery market: Opportunity assessment by country
Global solid state battery market, by region, 2021 (US$M)
| Application | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 46.4 | 59.8 | 79.0 | 105.8 | 121.7 | 126.4 | 148.7 | 184.9 | 237.5 | 319.6 | 448.5 | 665.8 | 1,042.7 | 35.2% |
| Europe | 58.1 | 74.2 | 97.0 | 128.7 | 146.7 | 150.8 | 175.4 | 215.8 | 274.2 | 364.9 | 506.2 | 742.7 | 1,149.1 | 33.7% |
| Asia Pacific | 106.6 | 140.3 | 188.8 | 257.9 | 302.7 | 320.5 | 384.2 | 486.9 | 637.7 | 874.4 | 1,250.1 | 1,890.8 | 3,016.3 | 37.8% |
| Latin America | 3.3 | 4.1 | 5.3 | 6.8 | 7.5 | 7.5 | 8.5 | 10.1 | 12.5 | 16.0 | 21.3 | 29.9 | 44.2 | 28.7% |
| MEA | 5.5 | 6.8 | 8.7 | 11.2 | 12.3 | 12.2 | 13.7 | 16.2 | 19.7 | 25.0 | 33.0 | 45.7 | 66.5 | 27.4% |
| Overall | 219.9 | 285.3 | 378.7 | 510.4 | 590.9 | 617.5 | 730.5 | 913.9 | 1,181.6 | 1,599.9 | 2,259.0 | 3,374.8 | 5,318.6 | 36.0% |
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