Global Solid-State Car Battery Market 2021-2030 With Toyota, Solid Power, QuantumScape, Samsung SDI and LG Chem Dominating

DUBLIN, August 20, 2021 (Globe Newswire) — “Global solid-state car battery market by vehicle (passenger cars and commercial vehicles), battery energy density (>450 Wh/Kg, >450 Wh/Kg), propulsion (bev) , FeV), components (cathode, anode, and electrolyte), and area – 2030 Forecast” have been added to the report. ResearchAndMarkets.com’s Presentation.

The global solid-state car battery market size is projected to grow from 27,070 units in 2025 to 661,724 units by 2030, at a CAGR of 89.5%.

The global solid-state car battery market is dominated by global players such as Toyota Motor Corporation (Japan), Solid Power (US), Quantumscape (US), Samsung SDI (South Korea), LG Chem (South Korea).

The increasing demand for electric vehicles around the world, the higher battery capacity and range of EVs using solid-state car batteries, and other features of SSBs such as higher battery life, higher energy density, and higher compared to currently used lithium-ion batteries Factors like better security features. The growing concern about commuting long distances using EVs will also boost the market.

A major concern for EV users is the vehicles’ low range on a single charge. This issue has been a major factor driving the growth of the EV market. Compared to electric vehicles that use conventional lithium-ion batteries, solid-state batteries are expected to have significantly greater range due to the higher density of installed batteries.

Solid-state batteries can theoretically store twice as much energy as lithium-ion batteries. Thus, various top EV manufacturers are investing in this technology. According to various industry experts an EV installed with a solid-state battery can have around 600+ miles of electric range.

The passenger car segment is expected to be the largest market in the vehicle type segment in the forecast.

Passenger cars and a small portion of commercial vehicles are considered under vehicle types in the automotive solid-state battery market due to the increasing demand for premium electric cars. Demand for other electric cars and commercial vehicles that use solid-state batteries will increase in the coming years, when solid-state batteries are commercialized for use in automobiles. Asia Pacific is expected to be the market for passenger cars, followed by Europe and North America.

This is due to strong government support for the adoption of electric passenger vehicles in the region. North America will be the fastest growing region in the coming years with rapidly increasing demand for premium electric vehicles using solid-state batteries. The market in Europe is expected to grow in the coming years.

This is due to strong emissions regulations and a variety of subsidies, grants and incentives for EV adoption in countries such as Germany, France, the Netherlands, Norway, Sweden and the UK. The demand for solid-state batteries in electric vehicles will increase with increasing demand for EVs and mass production of automotive solid-state batteries.

Asia is expected to be the largest market during the forecast period.

The Asia Pacific solid-state car battery market will be led by countries such as China, Japan and South Korea. The governments of these countries have supported the growth in demand for EVs by offering subsidies, EV friendly policies and discouraging the use of petrol. With this, the demand for solid-state car batteries in the region will increase rapidly once they hit the market.

Premium electric vehicles using solid-state batteries will be launched in China and Japan, followed by South Korea and India. Growth will be slow in the initial years but will pick up after 2026. India will be the fastest growing market in the region due to current and upcoming EV policies.

Japan will also be one of the fastest growing markets in the region due to top OEMs such as Toyota, Nissan, and Mitsubishi and battery manufacturers working to develop solid-state batteries.

North America will be the fastest growing region during the forecast period

The North American region is expected to witness the highest growth for the solid-state car battery market. Sales of premium electric vehicles in the US and Canada are expected to lead the market. Top OEMs such as GM and Ford are working with battery manufacturers to develop solid-state batteries for their EVs and plan to launch them in the coming years. It is expected that both the countries will have high demand for BEVs and slow demand for PHEVs.

Premium Insights

  • Growing demand for long-distance zero-emissions travel to drive market

  • Asia-Pacific is estimated to be the largest market during the forecast period

  • Passenger car segment will be a major segment during the forecast period (2025-2030)

  • Battery Electric Vehicle Segment to grow at a high CAGR during the forecast period (2025-2030)

  • <450 Wh/Kg segment to be a major segment during the forecast period (2025-2030)

market dynamics

drivers

  • Faster charging than lithium-ion batteries using the same Eve charging mode is expected to drive demand for solid-state car batteries

  • Higher capacity in solid-state batteries resulting in increased EV range leads to higher demand

  • Less chance of overheating than lithium-ion batteries makes solid-state batteries safer

Helplessness

opportunities

  • Rising demand for EVs is expected to drive demand for solid-state batteries

  • Government initiatives expected to increase demand for solid-state batteries

  • R&D investment expected to drive growth in demand for solid-state batteries

challenges

  • Technical barriers to the development of solid-state batteries

  • Hardened ceramics used for the development of solid-state batteries are brittle and have problems with mechanical stress

  • Table 5 Solid-State Car Battery Market: Impact of Market Dynamics

Solid-State Car Battery Market Ecosystem

Case study

Company Profile

Key Players

  • Toyota Motor Corporation

  • solid power

  • quantumscape

  • Samsung SDI

  • LG Chemicals

  • ilika

  • brightvolt

  • Panasonic

  • Catley

  • ionic material

  • northvolt

  • symbol

other players

  • General Motors

  • Renault Group

  • Stelantis NV

  • kia motors

  • Mitsubishi Motors

  • Volkswagen AG

  • Ford Motor Company

  • World

  • Hyundai Group

  • SK Innovation

  • dyson

  • Prieto Battery

  • storedot

For more information about this report, visit https://www.researchandmarkets.com/r/41v1h8

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Nonton dan Sinopsis Kingdom: Ashin of the North Season 3

Leave a Comment