Europe Solid State Battery Market Size & Outlook
Europe solid state battery market, 2016-2028 (US$M)
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Europe solid state battery market highlights
- The Europe solid state battery market generated a revenue of USD 150.8 million in 2021.
- The market is expected to grow at a CAGR of 33.7% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2022 to 2028.
Europe data book summary
| Market revenue in 2021 | USD 150.8 million |
| Market revenue in 2028 | USD 1,149.1 million |
| Growth rate | 33.7% (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 |
| 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, Europe region accounted for 24.4% of the global solid state battery market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,016.3 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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Europe 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 33.55% in 2021. Horizon Databook has segmented the Europe 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.
Europe, led by Germany, France, Russia, and the UK, emerged as the second-largest regional market in 2019, accounting for over 25.11% of the global solid state battery market. Growing EU funding and supportive measures taken by governments including subsidies, tax breaks, and incentives are expected to augment the production of electric vehicles in the region.
Increasing investments in ecofriendly solutions including electric bikes, cranes, and forklifts will aid in industry expansion. Growing demand for e-bikes along with solar power systems in the UK, Germany, and the Netherlands is also likely to stimulate industry growth.
Solid state battery market in Europe is likely to witness slow growth owing to various factors such as stalled industrial output caused by the COVID-19 pandemic, rising unemployment, and debt crisis. However, a positive outlook across Eastern Europe, in terms of consumerism and manufacturing, is expected to drive the market for solid state batteries.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe solid state battery market , including forecasts for subscribers. This continent databook contains high-level insights into Europe solid state battery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Europe solid state battery market size, by country, 2016-2028 (US$M)
Europe Solid State Battery Market Outlook Share, 2021 & 2028 (US$M)
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