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Solid State Battery Market Analytical Overview, Growth Factors, Demand and Trends Forecast to 2025

Author : Rahul Sankrityayan | Published Date : 2019-10-24 

The study on the global market for Solid State Battery Market evaluated the historical and current performance of this market, especially highlighting the key trends and growth opportunities. According to the study, the rising demand for this product is driving the global market for Solid State Battery Market significantly. The expansion in the various related industry is also expected to reflect positively on the sales of Solid State Battery Market product over the next few years.

Solid state battery market is poised to experience remarkable changes in the years to come, owing to a wide application base and growing environmental concerns which have triggered the demand for electric vehicles. Solid state batteries provide better safety, longer life cycle and entail lower cost compared to the Li-ion batteries, which have helped foster their demand. Several government initiatives for the development of more efficient energy solutions will heavily influence solid state battery industry trends.

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Private investments for research and development of energy storage solutions as well as corporate initiatives will help develop innovative and long-lasting products. For instance, Ricardo, a global engineering and environmental consultancy firm had begun a project in 2018, supposed to last for 30 months, under a collaboration with numerous battery technology experts in the U.K. for the development of solid state battery for electric vehicles (EVs). Similar efforts across the region will certainly lead to swift expansion of Europe solid state battery market size.

Numerous projects through the Faraday Battery Challenge in U.K. had secured a total of GBP 23 million from the UK government in the third round of funding. It is supposedly a part of the total GBP 274 million set aside for investing in different projects targeting development of EV technologies. This massive initiative represents a notable research and development thrust that will ensure innovative technologies are provided to EV makers and will positively impact Europe solid state industry outlook.

The U.S. Department of Energy says that if and when EV battery costs may fall below $125 per kWh, it will become cheaper for people to own and operate electric cars, as compared to petrol-driven options. Economic viability could substantially increase the demand for solid state batteries, particularly since global battery EV market is estimated to reach USD 425 billion valuation by 2025.

Partial Table of Contents (ToC) of the report:

Chapter 4 Solid State Battery Market, By Product

4.1 Solid state battery market share by product, 2018 & 2025

4.2 Thin film

4.2.1 Global market from thin film, 2014 - 2025

4.2.2 Global market from thin film, by region, 2014 – 2025

4.3 Bulk storage

4.3.1 Global market from bulk storage, 2014 - 2025

4.3.2 Global market from bulk storage, by region, 2014 – 2025

4.4 Others

4.4.1 Global market from others, 2014 - 2025

4.4.2 Global market from others, by region, 2014 – 2025

Chapter 5 Solid State Battery Market, By Application

5.1 Solid state battery market share by application, 2018 & 2025

5.2 Industrial

5.2.1 Global market from industrial, 2014 - 2025

5.2.2 Global market from industrial, by region, 2014 – 2025

5.3 Automotive

5.3.1 Global market from automotive, 2014 - 2025

5.3.2 Global market from automotive, by region, 2014 – 2025

5.4 Consumer electronics

5.4.1 Global market from consumer electronics, 2014 - 2025

5.4.2 Global market from consumer electronics, by region, 2014 – 2025

5.5 Energy storage

5.5.1 Global market from energy storage, 2014 - 2025

5.5.2 Global market from energy storage, by region, 2014 – 2025

5.6 Others

5.6.1 Global market from others, 2014 - 2025

5.6.2 Global market from others, by region, 2014 – 2025

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/solid-state-battery-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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