North America Solid State Battery Market Size & Outlook
North America solid state battery market, 2016-2028 (US$M)
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North America solid state battery market highlights
- The North America solid state battery market generated a revenue of USD 126.4 million in 2021.
- The market is expected to grow at a CAGR of 35.2% 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, Mexico is expected to register the highest CAGR from 2022 to 2028.
North America data book summary
| Market revenue in 2021 | USD 126.4 million |
| Market revenue in 2028 | USD 1,042.7 million |
| Growth rate | 35.2% (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, North America region accounted for 20.5% 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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North 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 33.39% in 2021. Horizon Databook has segmented the North 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.
North America, led by the U.S., Mexico, and Canada, accounted for nearly 20.69% of the global solid state battery market share in 2020. The presence of prominent battery manufacturers and growing demand for end-use industries are the primary driving factors for North America solid-state battery market.
The U.S. accounted for the largest share of North America solid-state battery market in 2019 and is anticipated to progress at the fastest rate over the forecast period. Canada is another important solid state battery market in North America.
Robust manufacturing base and rapid growth of electric vehicle production in the U.S. is expected to augment the demand for solid state batteries in the upcoming years. North America is expected to witness a reasonable market growth over the forecast period owing to the growing sales of electric vehicles and consumer electronics in the U.S. and Canada.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America solid state battery market , including forecasts for subscribers. This continent databook contains high-level insights into North America solid state battery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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North America solid state battery market size, by country, 2016-2028 (US$M)
North America Solid State Battery Market Outlook Share, 2021 & 2028 (US$M)
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