U.S. Solid State Battery Market Size & Outlook, 2021-2028
U.S. solid state battery market, 2016-2028 (US$M)
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U.S. solid state battery market highlights
- The U.S. solid state battery market generated a revenue of USD 106.9 million in 2021 and is expected to reach USD 877.8 million by 2028.
- The U.S. market is expected to grow at a CAGR of 35.1% 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 106.9 million |
| Market revenue in 2028 | USD 877.8 million |
| Growth rate | 35.1% (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, U.S. accounted for 17.3% 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 North America, U.S. solid state battery market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 63.8 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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U.S. 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 32.83% in 2021. Horizon Databook has segmented the U.S. 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 increasing utilization of solid-state batteries in consumer electronics, such as smartphones, tablets, and laptops, and automobiles is expected to drive the market. The growing demand for these products is expected to fuel market growth.
Federal policies promoting EV sales coupled with the presence of a large number of players in the market is expected to drive the solid state battery demand. The federal policies include the American Recovery and Reinvestment Act of 2009 which established tax credits for purchasing electric vehicles.
In addition, the new CAFE standards (Corporate Average Fuel Economy) have mandated fuel economy standards for passenger cars and light commercial vehicles resulting in expansion of electric drive technologies.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. solid state battery market , including forecasts for subscribers. This country databook contains high-level insights into U.S. solid state battery market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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U.S. solid state battery market size, by application, 2016-2028 (US$M)
U.S. Solid State Battery Market Outlook Share, 2021 & 2028 (US$M)
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