Spain Solid State Battery Market Size & Outlook, 2021-2028
Spain solid state battery market, 2016-2028 (US$M)
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Spain solid state battery market highlights
- The Spain solid state battery market generated a revenue of USD 13.1 million in 2021 and is expected to reach USD 85.1 million by 2028.
- The Spain market is expected to grow at a CAGR of 30.6% 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 13.1 million |
| Market revenue in 2028 | USD 85.1 million |
| Growth rate | 30.6% (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, Spain accounted for 2.1% 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 Europe, Germany solid state battery market is projected to lead the regional market in terms of revenue in 2028.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 404.3 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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Spain 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 32.82% in 2021. Horizon Databook has segmented the Spain 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.
Solid-state batteries replace the flammable liquid lithium ion electrolyte with a solid one. Therefore, the product is expected to usher in the next few years owing to the increasing demand of compact, safer, and higher capacity storage device as compared to conventional batteries.
Similarly, other automobile companies are planning to adapt to the new solid-state technology for their products in order to satisfy government directives for developing an emission-free substitute for diesel and gasoline powered vehicles. These factors are anticipated to drive the demand for solid state batteries in Spain.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain solid state battery market , including forecasts for subscribers. This country databook contains high-level insights into Spain solid state battery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Spain solid state battery market size, by application, 2016-2028 (US$M)
Spain Solid State Battery Market Outlook Share, 2021 & 2028 (US$M)
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