- #MURATA SOLID STATE BATTERY GENERATOR#
- #MURATA SOLID STATE BATTERY PORTABLE#
- #MURATA SOLID STATE BATTERY FREE#
Research on Solid-State Batteries Will Advance Market GrowthĮxtensive R&D is leading to the improving capability of these batteries, which will boost the expansion of the solid-state battery market in the years ahead.
#MURATA SOLID STATE BATTERY FREE#
Market Trends, Drivers, and Restraints Revenue Estimation and Forecast Segmentation Analysis Impact of COVID-19 Companies’ Strategic Developments Market Share Analysis of Key Players Company Profilingīy Capacity By Battery Type By Application By RegionĮxplore more about this report - Request free sample pages
Solid-State Battery Market Report Coverage Report Attribute For instance, in December 2020, Toyota unveiled a solid-state battery with a capacity of 1,000 mAh. In the APAC region, China has been the largest consumer of solid-state batteries, owing to their bulk manufacturing by major battery companies and the presence of a large automotive manufacturer base. Moreover, public authorities in China and India intend to lower the carbon footprint of vehicles and boost the usage of EVs.
#MURATA SOLID STATE BATTERY PORTABLE#
A large consumer base for portable electronics, advancements in the renewable energy sector, and growth in the utilization of battery management systems are the major factors prompting these batteries’ sales in the region. In 2021, APAC claimed the largest market share, of around 54.4%, and it is also forecasted to hold its supremacy throughout the forecast period.
#MURATA SOLID STATE BATTERY GENERATOR#
APAC Market Is Principal Generator of Revenue These variants are generally employed in IoT and smart AI devices, such as smartwatches and fitness bands, owing to their effective revitalization rate, smaller size, higher average output voltage, lower weight, higher energy density, higher flexibility, lower chances of electrolyte leakage, longer shelf life, tighter packing, and condensed structure. Thin-film batteries accounted for the majority of the market share over the past years, and they would advance at a healthy CAGR, to reach $567.4 million by 2030. Thin-Film Battery Production Meets Demands of Widening Consumer Base Moreover, the category held a market share of 80.6% in 2021 and is expected to take the lead in the coming years, owing to the rising demand for smart wearables, laptops, and smartphones. On the other hand, wearable & medical devices dominate the solid-state battery market, due to the sudden increase in the demand for temperature sensors, pacemakers, and pulse oximeters, coupled with technological advancements in these devices. Also, technological advancements in automotive batteries, as well as favorable regulations for EVs, are encouraging the deployment of these vehicles over gasoline, diesel, LPG, and CNG vehicles. The EVs category, based on application, is projected to record the highest CAGR in the foreseeable future, as these energy storage devices are increasingly being used in EVs. In addition, the consumer electronics sector’s swift growth results in the rise in these products’ demand.ĭemand for Solid-State Batteries in EVs To Witness Fastest Growth This is because solid-state battery applications, such as energy storage systems, wearable medical devices, and domestic appliances, require these variants.
The 20–500 mAh battery capacity category held the highest revenue share, of 68.2%, in 2021. Manufacturers of battery packs, producers of electrode materials, suppliers of raw materials, and other participants in the value chain suffered a major setback, and they are expected to take significant time to recover.Ģ0–500 mAh Battery Capacity Category Accounted for Largest Market Share However, the COVID-19 pandemic impacted the market supply chain and production plants, which hindered the market growth. Moreover, the rising R&D activities associated with solid-state batteries, the increasing adoption of IoT-based systems, and the miniaturization of electronic devices have emerged as major driving forces in the industry. In addition, the market is likely to be influenced by the increasing number of robot shipments globally. The rising adoption of electronic gadgets, the surging deployment of EVs, and the increasing utility of battery management and energy storage systems are the key factors driving the industry. The solid-state battery market size is projected to reach $775.2 million by 2030 from $61.3 million in 2021, at a 32.6% CAGR during 2021–2030.
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