Canada Solid State Battery Market Size & Outlook
Canada solid state battery market, 2016-2028 (US$M)
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Canada solid state battery market highlights
- The Canada solid state battery market generated a revenue of USD 12.5 million in 2021 and is expected to reach USD 101.1 million by 2028.
- The Canada market is expected to grow at a CAGR of 34.9% 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 12.5 million |
| Market revenue in 2028 | USD 101.1 million |
| Growth rate | 34.9% (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, Canada accounted for 2.0% 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 North America, U.S. solid state battery market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 63.8 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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Canada 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 32.8% in 2021. Horizon Databook has segmented the Canada 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.
The rapid growth of end-use industries has positively influenced the solid state battery market in Canada. It is one of the prominent markets for consumer electronics and automobiles and has witnessed rapid growth over the past few years.
The electronics manufacturers in Canada have started investing in production centers in order to enhance their competitiveness in the international market. The solid state battery industry in the region is using innovation and technological advancements to improve its presence in the global market.
The above factors are expected to propel the demand for solid state batteries in the region over the next seven years, as these batteries find wide applications in consumer and portable electronic goods.
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Our clientele includes a mix of solid state battery market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada solid state battery market , including forecasts for subscribers. This country databook contains high-level insights into Canada solid state battery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Canada solid state battery market size, by application, 2016-2028 (US$M)
Canada Solid State Battery Market Outlook Share, 2021 & 2028 (US$M)
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