Latin America Solid State Battery Market Size & Outlook
Latin America solid state battery market, 2016-2028 (US$M)
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Latin America solid state battery market highlights
- The Latin America solid state battery market generated a revenue of USD 7.5 million in 2021.
- The market is expected to grow at a CAGR of 28.7% 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, Paraguay is expected to register the highest CAGR from 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 7.5 million |
| Market revenue in 2028 | USD 44.2 million |
| Growth rate | 28.7% (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, Latin America region accounted for 1.2% 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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Latin America 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 42.67% in 2021. Horizon Databook has segmented the Latin America 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 share of CSA in the global market has been around 1.3% which is not substantial. However, the market offers tremendous potential and opportunities in the solid-state battery market. The CSA electronics industry in light of industrial developments, vertical markets, and economic growth, is attracting investors from global electronic companies.
Positive economic trends in the region have significantly increased the purchasing power of customers, and have favorably impacted the regional market growth. The growing consumer electronics, automotive, healthcare, and defense sectors in the region are also expected to contribute to the regional product demand over the next few years.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America solid state battery market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America solid state battery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America solid state battery market size, by country, 2016-2028 (US$M)
Latin America Solid State Battery Market Outlook Share, 2021 & 2028 (US$M)
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