India Solid State Battery Market Size & Outlook, 2021-2028
India solid state battery market, 2016-2028 (US$M)
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India solid state battery market highlights
- The India solid state battery market generated a revenue of USD 23.3 million in 2021 and is expected to reach USD 164.9 million by 2028.
- The India market is expected to grow at a CAGR of 32.3% 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 23.3 million |
| Market revenue in 2028 | USD 164.9 million |
| Growth rate | 32.3% (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, India accounted for 3.8% 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 Asia Pacific, China solid state battery market is projected to lead the regional market in terms of revenue in 2028.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 946.9 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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India 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 37.77% in 2021. Horizon Databook has segmented the India 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 increasing penetration and demand for wearable devices and smart cards are likely to fuel the demand for solid-state batteries in the country. Additionally, the growing number of applications of solid state batteries in medical industry is expected to further drive the demand.
Government initiatives like “Make in India” are likely to fuel the demand for solid-state batteries as they are attracting many global electronics manufacturers to set up their production facilities in India.
The country’s expanding population and urbanization are likely to continue generating demand for compact and sophisticated electronic devices and drive the solid state battery market.
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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 India solid state battery market , including forecasts for subscribers. This country databook contains high-level insights into India solid state battery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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India solid state battery market size, by application, 2016-2028 (US$M)
India Solid State Battery Market Outlook Share, 2021 & 2028 (US$M)
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