Japan Solid State Battery Market Size & Outlook, 2021-2028
Japan solid state battery market, 2016-2028 (US$M)
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Japan solid state battery market highlights
- The Japan solid state battery market generated a revenue of USD 91.9 million in 2021 and is expected to reach USD 946.9 million by 2028.
- The Japan market is expected to grow at a CAGR of 39.5% 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 91.9 million |
| Market revenue in 2028 | USD 946.9 million |
| Growth rate | 39.5% (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, Japan accounted for 14.9% 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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Japan 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 32.86% in 2021. Horizon Databook has segmented the Japan 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 Japanese economy is the third-largest in the world and was worth USD 5.08 trillion in 2019 according to World Bank. It is home to many electronic and automotive companies which makes it significant for application of solid state batteries in the above mentioned industries.
The increasing awareness among consumers for using smart tech wearables has resulted in many companies entering the market. According to the Battery Association of Japan (BAJ), the battery market is worth approximately USD 8 billion, which gives advanced solid state batteries a tremendous opportunity in the Japanese market.
The government has also implemented several measures to foster private investments in electronics manufacturing industry. For instance, Toyota has planned to commercialize solid state batteries for its electric cars by 2022.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan solid state battery market , including forecasts for subscribers. This country databook contains high-level insights into Japan solid state battery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Japan solid state battery market size, by application, 2016-2028 (US$M)
Japan Solid State Battery Market Outlook Share, 2021 & 2028 (US$M)
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