South Korea Solid State Battery Market Size & Outlook
South Korea solid state battery market, 2016-2028 (US$M)
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South Korea solid state battery market highlights
- The South Korea solid state battery market generated a revenue of USD 55.2 million in 2021 and is expected to reach USD 500.1 million by 2028.
- The South Korea market is expected to grow at a CAGR of 37% 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 55.2 million |
| Market revenue in 2028 | USD 500.1 million |
| Growth rate | 37% (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, South Korea accounted for 8.9% 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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South Korea 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 32.79% in 2021. Horizon Databook has segmented the South Korea 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.
Increasing healthcare spending for better facilities, infrastructure, and increasing the number of hospitals are anticipated to propel the demand for solid-state batteries in medical devices.
Moreover, increasing health concerns in the country have resulted in consumers looking for solutions to track their health. Other expanding application such as smart cards, RFIDs, and consumer electronics are also projected to have a considerable impact on market demand in South Korea.
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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 South Korea solid state battery market , including forecasts for subscribers. This country databook contains high-level insights into South Korea solid state battery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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South Korea solid state battery market size, by application, 2016-2028 (US$M)
South Korea Solid State Battery Market Outlook Share, 2021 & 2028 (US$M)
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