Brazil Solid State Battery Market Size & Outlook
Brazil solid state battery market, 2016-2028 (US$M)
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Brazil solid state battery market highlights
- The Brazil solid state battery market generated a revenue of USD 4.5 million in 2021 and is expected to reach USD 26.6 million by 2028.
- The Brazil market is expected to grow at a CAGR of 28.8% from 2022 to 2028.
- In terms of segment, consumer & portable electronics was the largest revenue generating application in 2021.
- Electric Vehicles is the most lucrative application segment registering the fastest growth during the forecast period.
Solid state battery market data book summary
| Market revenue in 2021 | USD 4.5 million |
| Market revenue in 2028 | USD 26.6 million |
| Growth rate | 28.8% (CAGR from 2021 to 2028) |
| Largest segment | Consumer & portable electronics |
| Fastest growing segment | Electric Vehicles |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumer & Portable Electronics, Electric Vehicles, Energy Harvesting, Wearable & Medical Devices |
| Key market players worldwide | Samsung SDI Co Ltd GDR - 144A, Solvay SA, Cymbet, Robert Bosch Engineering & Business Solutions, TotalEnergies SE |
Other key industry trends
- In terms of revenue, Brazil accounted for 0.7% of the global solid state battery market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil solid state battery market is projected to lead the regional market in terms of revenue in 2028.
- Paraguay is the fastest growing regional market in Latin America and is projected to reach USD 8.0 million by 2028.
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Solid State Battery Market Scope
Solid State Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 37.78% in 2021. Horizon Databook has segmented the Brazil 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.
Brazil was the largest market in Central & South America in 2020 accumulating 60.1% of the regional market share. Applications such as wearable devices followed by smart cards have generated high demand for solid-state batteries.
The budding trend of adopting health monitoring equipment and using smartwatches as an extension to smartphones is expected to accelerate market growth. The growing cashless transactions and upgradation of financial systems are likely to promote smart card products in the region.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil solid state battery market , including forecasts for subscribers. This country databook contains high-level insights into Brazil solid state battery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Brazil solid state battery market size, by application, 2016-2028 (US$M)
Brazil Solid State Battery Market Outlook Share, 2021 & 2028 (US$M)
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