Published Year: 2023
Solid-State Battery Market - A Global and Regional Analysis: Focus on Electrolyte Type, Battery Type
The global solid-state battery market was valued at $589.8 million in 2022, and it is expected...
Market Research Report
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Table of Contents
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Growing Support from the Government Through Investment in Advanced Energy Storage Technologies
1.1.1.2 Increasing R&D Activities on Solid-State Battery
1.1.2 Supply Chain Analysis
1.1.3 Ecosystem/Ongoing Programs
1.1.3.1 Consortiums and Associations
1.1.3.2 Regulatory Bodies
1.1.3.3 Government Programs
1.1.4 Comparative Analysis
1.1.4.1 Lithium-Ion Batteries vs. Solid-State Batteries
1.1.4.2 Comparison in Terms of Power Density of Various Batteries
1.1.5 List of Key Planned Solid-State Battery Projects
1.1.6 Future of Solid-State Battery in EVs and the Role of EV Manufacturers in Advancing Solid-State Battery Development
1.1.6.1 Current Market Outlook
1.1.6.2 Research and Development
1.1.6.2.1 Solid-State Battery with Pure Silicon Anode
1.1.6.2.2 Recent Electrode Design of MIT's Solid-State Battery
1.1.6.3 Future Market Outlook
1.1.7 Impact of COVID-19 on the Solid-State Battery Market
1.2 Snapshot of Sodium-Ion Battery Market
1.2.1 Leading Countries in the Sodium-Ion Battery Market
1.2.2 Leading Companies in the Sodium-Ion Battery Market
1.2.3 Sodium-Ion Battery Market Projections
1.3 Business Dynamics
1.3.1 Business Drivers
1.3.1.1 Rising Renewable Energy Generation
1.3.1.2 Rapid Growth of the Electric Vehicle Market
1.3.1.3 Growing Concerns Related to Lithium-Ion Battery Failure and Explosion
1.3.2 Business Challenges
1.3.2.1 Intense Competition from Other Advanced Battery Technologies
1.3.2.2 Lack of Industrial Supply Chain
1.3.3 Business Strategies
1.3.3.1 Product Development
1.3.3.2 Market Development
1.3.4 Corporate Strategies
1.3.4.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
1.3.5 Business Opportunities
1.3.5.1 Rising Popularity of Solid-State Batteries in the Medical Sector
1.3.5.2 Advancements in Solid-State Battery Technologies and Chemistries
1.4 Start-Up Landscape
1.4.1 Key Start-Ups in the Ecosystem
2.1 China
2.1.1 Market
2.1.1.1 Buyer Attributes
2.1.1.2 Key Manufacturers/Suppliers in China
2.1.1.3 Business Drivers
2.1.1.4 Business Challenges
2.1.1.4.1 Application
2.1.1.4.1.1 China Solid-State Battery Market (by Application), Value and Volume Data
2.1.1.4.2 Product
2.1.1.4.2.1 China Solid-State Battery Market (by Electrolyte Type), Value and Volume Data
2.1.1.4.2.2 China Solid-State Battery Market (by Battery Type), Value and Volume Data
2.1.1.4.2.3 China Solid-State Battery Market (by Capacity), Value and Volume Data
2.2 Asia-Pacific and Japan
2.2.1 Market
2.2.1.1 Key Manufacturers/Suppliers in Asia-Pacific and Japan
2.2.1.2 Business Drivers
2.2.1.3 Business Challenges
2.2.1.3.1 Application
2.2.1.3.1.1 Asia-Pacific and Japan Solid-State Battery Market (by Application), Value and Volume Data
2.2.1.3.2 Product
2.2.1.3.2.1 Asia-Pacific and Japan Solid-State Battery Market (by Electrolyte Type), Value and Volume Data
2.2.1.3.2.2 Asia-Pacific and Japan Solid-State Battery Market (by Battery Type), Value and Volume Data
2.2.1.3.2.3 Asia-Pacific and Japan Solid-State Battery Market (by Capacity), Value and Volume Data
2.2.2 Asia-Pacific and Japan (by Country)
2.2.2.1 Japan
2.2.2.1.1 Market
2.2.2.1.1.1 Buyer Attributes
2.2.2.1.1.2 Key Manufacturers/Suppliers in Japan
2.2.2.1.1.3 Business Drivers
2.2.2.1.1.4 Business Challenges
2.2.2.1.2 Application
2.2.2.1.2.1 Japan Solid-State Battery Market (by Application), Value and Volume Data
2.2.2.1.3 Product
2.2.2.1.3.1 Japan Solid-State Battery Market (by Electrolyte Type), Value and Volume Data
2.2.2.1.3.2 Japan Solid-State Battery Market (by Battery Type), Value and Volume Data
2.2.2.1.3.3 Japan Solid-State Battery Market (by Capacity), Value and Volume Data
2.2.2.2 South Korea
2.2.2.2.1 Market
2.2.2.2.1.1 Buyer Attributes
2.2.2.2.1.2 Key Manufacturers/Suppliers in South Korea
2.2.2.2.1.3 Business Drivers
2.2.2.2.1.4 Business Challenges
2.2.2.2.2 Application
2.2.2.2.2.1 South Korea Solid-State Battery Market (by Application), Value and Volume Data
2.2.2.2.3 Product
2.2.2.2.3.1 South Korea Solid-State Battery Market (by Electrolyte Type), Value and Volume Data
2.2.2.2.3.2 South Korea Solid-State Battery Market (by Battery Type), Value and Volume Data
2.2.2.2.3.3 South Korea Solid-State Battery Market (by Capacity), Value and Volume Data
2.2.2.3 India
2.2.2.3.1 Market
2.2.2.3.1.1 Buyer Attributes
2.2.2.3.1.2 Key Manufacturers/Suppliers in India
2.2.2.3.1.3 Business Drivers
2.2.2.3.1.4 Business Challenges
2.2.2.3.2 Application
2.2.2.3.2.1 India Solid-State Battery Market (by Application), Value and Volume Data
2.2.2.3.3 Product
2.2.2.3.3.1 India Solid-State Battery Market (by Electrolyte Type), Value and Volume Data
2.2.2.3.3.2 India Solid-State Battery Market (by Battery Type), Value and Volume Data
2.2.2.3.3.3 India Solid-State Battery Market (by Capacity), Value and Volume Data
2.2.2.4 Taiwan
2.2.2.4.1 Market
2.2.2.4.1.1 Buyer Attributes
2.2.2.4.1.2 Key Manufacturers/Suppliers in Taiwan
2.2.2.4.1.3 Business Drivers
2.2.2.4.1.4 Business Challenges
2.2.2.4.2 Application
2.2.2.4.2.1 Taiwan Solid-State Battery Market (by Application), Value and Volume Data
2.2.2.4.3 Product
2.2.2.4.3.1 Taiwan Solid-State Battery Market (by Electrolyte Type), Value and Volume Data
2.2.2.4.3.2 Taiwan Solid-State Battery Market (by Battery Type), Value and Volume Data
2.2.2.4.3.3 Taiwan Solid-State Battery Market (by Capacity), Value and Volume Data
2.2.2.5 Rest-of-Asia-Pacific and Japan
2.2.2.5.1 Market
2.2.2.5.1.1 Buyer Attributes
2.2.2.5.1.2 Key Manufacturers/Suppliers in Rest-of-Asia-Pacific and Japan
2.2.2.5.1.3 Business Drivers
2.2.2.5.1.4 Business Challenges
2.2.2.5.2 Application
2.2.2.5.2.1 Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Application), Value and Volume Data
2.2.2.5.3 Product
2.2.2.5.3.1 Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Electrolyte Type), Value and Volume Data
2.2.2.5.3.2 Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Battery Type), Value and Volume Data
2.2.2.5.3.3 Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Capacity), Value and Volume Data
3.1 Competitive Benchmarking
3.1.1 Competitive Position Matrix
3.1.2 Product Matrix for Key Companies
3.1.3 Market Share Analysis of Key Companies, 2022
3.2 Company Profiles
3.2.1 ProLogium Technology Co., Ltd.
3.2.1.1 Company Overview
3.2.1.1.1 Role of ProLogium Technology Co., Ltd. in the Solid-State Battery Market
3.2.1.1.2 Product Portfolio
3.2.1.2 Business Strategies
3.2.1.2.1 Product Development
3.2.1.3 Corporate Strategies
3.2.1.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
3.2.1.4 Analyst View
3.2.2 Toyota Motor Corporation
3.2.2.1 Company Overview
3.2.2.1.1 Role of Toyota Motor Corporation in the Solid-State Battery Market
3.2.2.1.2 Product Portfolio
3.2.2.2 R&D Analysis
3.2.2.3 Analyst View
3.2.3 SAMSUNG SDI CO., LTD.
3.2.3.1 Company Overview
3.2.3.1.1 Role of SAMSUNG SDI CO., LTD. in the Solid-State Battery Market
3.2.3.1.2 Product Portfolio
3.2.3.2 Business Strategies
3.2.3.2.1 Market Development
3.2.3.3 R&D Analysis
3.2.3.4 Analyst View
3.2.4 Hitachi Zosen Corporation
3.2.4.1 Company Overview
3.2.4.1.1 Role of Hitachi Zosen Corporation in the Solid-State Battery Market
3.2.4.1.2 Product Portfolio
3.2.4.2 Business Strategies
3.2.4.2.1 Product Development
3.2.4.3 Analyst View
3.2.5 Ganfeng Lithium Group Co., Ltd.
3.2.5.1 Company Overview
3.2.5.1.1 Role of Ganfeng Lithium Group Co., Ltd. in the Solid-State Battery Market
3.2.5.1.2 Product Portfolio
3.2.5.2 Business Strategies
3.2.5.2.1 Market Development
3.2.5.3 Corporate Strategies
3.2.5.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
3.2.5.4 R&D Analysis
3.2.5.5 Analyst View
3.2.6 SK on Co., Ltd.
3.2.6.1 Company Overview
3.2.6.1.1 Role of SK on Co., Ltd. in the Solid-State Battery Market
3.2.6.1.2 Product Portfolio
3.2.6.2 Business Strategies
3.2.6.2.1 Market Development
3.2.6.3 Corporate Strategies
3.2.6.3.1 Partnerships, Collaborations, Agreements, Investments, and Contracts
3.2.6.4 Analyst View
Research Methodology
Table 1: Government Initiatives Related to Solid-State Battery Development
Table 2: Automotive OEM Activities Related to Solid-State Battery Development
Table 3: Announced Solid-State Battery Projects
Table 4: Key Product Development, 2022-2023
Table 5: Key Market Development, 2022-2023
Table 6: Partnerships, Collaborations, Agreements, Investments, and Contracts, 2022-2023
Table 7: Solid-State Battery Market (by Region), $Million, 2022-2032
Table 8: Solid-State Battery Market (by Region), MWh, 2022-2032
Table 9: China Solid-State Battery Market (by Application), $Million, 2022-2032
Table 10: China Solid-State Battery Market (by Application), MWh, 2022-2032
Table 11: China Solid-State Battery Market (by Electrolyte Type), $Million, 2022-2032
Table 12: China Solid-State Battery Market (by Electrolyte Type), MWh, 2022-2032
Table 13: China Solid-State Battery Market (by Battery Type), $Million, 2022-2032
Table 14: China Solid-State Battery Market (by Battery Type), MWh, 2022-2032
Table 15: China Solid-State Battery Market (by Capacity), $Million, 2022-2032
Table 16: China Solid-State Battery Market (by Capacity), MWh, 2022-2032
Table 17: Asia-Pacific and Japan Solid-State Battery Market (by Application), $Million, 2022-2032
Table 18: Asia-Pacific and Japan Solid-State Battery Market (by Application), MWh, 2022-2032
Table 19: Asia-Pacific and Japan Solid-State Battery Market (by Electrolyte Type), $Million, 2022-2032
Table 20: Asia-Pacific and Japan Solid-State Battery Market (by Electrolyte Type), MWh, 2022-2032
Table 21: Asia-Pacific and Japan Solid-State Battery Market (by Battery Type), $Million, 2022-2032
Table 22: Asia-Pacific and Japan Solid-State Battery Market (by Battery Type), MWh, 2022-2032
Table 23: Asia-Pacific and Japan Solid-State Battery Market (by Capacity), $Million, 2022-2032
Table 24: Asia-Pacific and Japan Solid-State Battery Market (by Capacity), MWh, 2022-2032
Table 25: Japan Solid-State Battery Market (by Application), $Million, 2022-2032
Table 26: Japan Solid-State Battery Market (by Application), MWh, 2022-2032
Table 27: Japan Solid-State Battery Market (by Electrolyte Type), $Million, 2022-2032
Table 28: Japan Solid-State Battery Market (by Electrolyte Type), MWh, 2022-2032
Table 29: Japan Solid-State Battery Market (by Battery Type), $Million, 2022-2032
Table 30: Japan Solid-State Battery Market (by Battery Type), MWh, 2022-2032
Table 31: Japan Solid-State Battery Market (by Capacity), $Million, 2022-2032
Table 32: Japan Solid-State Battery Market (by Capacity), MWh, 2022-2032
Table 33: South Korea Solid-State Battery Market (by Application), $Million, 2022-2032
Table 34: South Korea Solid-State Battery Market (by Application), MWh, 2022-2032
Table 35: South Korea Solid-State Battery Market (by Electrolyte Type), $Million, 2022-2032
Table 36: South Korea Solid-State Battery Market (by Electrolyte Type), MWh, 2022-2032
Table 37: South Korea Solid-State Battery Market (by Battery Type), $Million, 2022-2032
Table 38: South Korea Solid-State Battery Market (by Battery Type), MWh, 2022-2032
Table 39: South Korea Solid-State Battery Market (by Capacity), $Million, 2022-2032
Table 40: South Korea Solid-State Battery Market (by Capacity), MWh, 2022-2032
Table 41: India Solid-State Battery Market (by Application), $Million, 2022-2032
Table 42: India Solid-State Battery Market (by Application), MWh, 2022-2032
Table 43: India Solid-State Battery Market (by Electrolyte Type), $Million, 2022-2032
Table 44: India Solid-State Battery Market (by Electrolyte Type), MWh, 2022-2032
Table 45: India Solid-State Battery Market (by Battery Type), $Million, 2022-2032
Table 46: India Solid-State Battery Market (by Battery Type), MWh, 2022-2032
Table 47: India Solid-State Battery Market (by Capacity), $Million, 2022-2032
Table 48: India Solid-State Battery Market (by Capacity), MWh, 2022-2032
Table 49: Taiwan Solid-State Battery Market (by Application), $Million, 2022-2032
Table 50: Taiwan Solid-State Battery Market (by Application), MWh, 2022-2032
Table 51: Taiwan Solid-State Battery Market (by Electrolyte Type), $Million, 2022-2032
Table 52: Taiwan Solid-State Battery Market (by Electrolyte Type), MWh, 2022-2032
Table 53: Taiwan Solid-State Battery Market (by Battery Type), $Million, 2022-2032
Table 54: Taiwan Solid-State Battery Market (by Battery Type), MWh, 2022-2032
Table 55: Taiwan Solid-State Battery Market (by Capacity), $Million, 2022-2032
Table 56: Taiwan Solid-State Battery Market (by Capacity), MWh, 2022-2032
Table 57: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Application), $Million, 2022-2032
Table 58: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Application), MWh, 2022-2032
Table 59: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Electrolyte Type), $Million, 2022-2032
Table 60: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Electrolyte Type), MWh, 2022-2032
Table 61: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Battery Type), $Million, 2022-2032
Table 62: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Battery Type), MWh, 2022-2032
Table 63: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Capacity), $Million, 2022-2032
Table 64: Rest-of-Asia-Pacific and Japan Solid-State Battery Market (by Capacity), MWh, 2022-2032
Table 65: Product Matrix for Key Companies
Table 66: Market Share of Key Companies, 2022
Figure 1: Asia-Pacific Solid-State Battery Market Snapshot, $Million, 2022, 2023, and 2032
Figure 2: Asia-Pacific Solid-State Battery Market (by Application), $Million, 2022 and 2032
Figure 3: Asia-Pacific Solid-State Battery Market (by Electrolyte Type), $Million, 2022 and 2032
Figure 4: Asia-Pacific Solid-State Battery Market (by Battery Type), $Million, 2022 and 2032
Figure 5: Asia-Pacific Solid-State Battery Market (by Capacity), $Million, 2022 and 2032
Figure 6: Solid-State Battery Market (by Region), $Million, 2022, 2032
Figure 7: Supply Chain Analysis of Solid-State Battery Market
Figure 8: Comparative Analysis Between Lithium-Ion and Solid-State Batteries
Figure 9: Comparative Analysis in Terms of Power Density
Figure 10: Electric Vehicle Solid-State Battery Market, MWh, 2022 and 2032
Figure 11: Sodium-Ion Battery Market Snapshot, 2021-2031
Figure 12: Clean Energy Investment in the Net Zero Pathway, 2016-2020, 2030, and 2050
Figure 13: Increasing Electric Vehicle (EV) Adoption, 2020-2030
Figure 14: Research Methodology
Figure 15: Top-Down and Bottom-Up Approach
Figure 16: Solid-State Battery Market Influencing Factors
Figure 17: Assumptions and Limitations
Asia-Pacific Solid-State Battery Market Report Coverage
|
Asia-Pacific Solid-State Battery Market |
|||
|
Base Year |
2022 |
Market Size in 2023 |
$64.4 Million |
|
Forecast Period |
2023-2032 |
Value Projection and Estimation by 2033 |
$798.6 Million |
|
CAGR During Forecast Period |
32.28% |
|
|
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, type portfolio, and market penetration.
Some prominent names in the market include:
• ProLogium Technology Co., Ltd.
• Toyota Motor Corporation
• SAMSUNG SDI CO., LTD.
• Hitachi Zosen Corporation
• SK on Co., Ltd.
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different polymers used for solid-state battery and their potential in APAC region. Moreover, the study gives the reader a detailed understanding of the different solutions provided by the solid-state battery providers, encompassing aspects such as battery capacity and battery type. In contrast to traditional batteries, solid-state batteries exhibit outstanding thermal resilience, a comparatively lower self-discharge rate, heightened tolerance, and non-flammability.
Growth/Marketing Strategy: The APAC solid-state battery market has seen major development by key players operating in the market, such as business expansion, partnership, collaboration, and joint venture. The favored strategy for the companies has been partnership, collaboration, and joint venture activities to strengthen their position in the APAC solid-state battery market.
Competitive Strategy: Key players in the APAC solid-state battery market analyzed and profiled in the study involve solid-state battery-based product manufacturers, including market segments covered by distinct electrolyte types, capacity, battery type, applications served, and regional presence, as well as the influence of important market tactics. Moreover, a detailed competitive benchmarking of the players operating in the APAC solid-state battery market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Introduction to Asia-Pacific (APAC) Solid-State Battery Market
The Asia-Pacific solid-state battery market (excluding China) was valued at $64.4 million in 2023, and it is expected to grow with a CAGR of 32.28% during the forecast period 2023-2032 to reach $798.6 million by 2032. The rising need for effective and sustainable agricultural methods is expected to drive the expansion of the smart vineyard and orchard equipment market globally, particularly in the APAC region.
Market Introduction
The solid-state battery market in Asia-Pacific (APAC) is expanding rapidly, owing to a number of factors. With the rising demand for electric vehicles (EVs), portable devices, and renewable energy storage solutions, there is a greater need for enhanced energy storage technologies that provide higher energy density, more safety, and a longer lifespan.
Solid-state batteries are a considerable improvement over ordinary lithium-ion batteries, providing benefits such as higher energy density, faster charging, and increased safety due to their solid electrolyte composition. These batteries are set to transform a variety of industries, including automotive, consumer electronics, and energy storage.
The APAC area, recognized for its vibrant industrial sector, technological innovation, and strong government support for renewable energy projects, is leading the way in solid-state battery technology breakthroughs. Countries such as China, Japan, and South Korea are in the forefront of solid-state battery research, development, and commercialization, attracting both domestic and international investment.
Furthermore, the region's thriving EV market, fueled by government incentives, environmental restrictions, and customer preferences for clean transportation, offers enormous prospects for the use of solid-state batteries in electric vehicles. Furthermore, the growing use of renewable energy sources such as solar and wind power increases the demand for innovative energy storage systems in APAC countries.
Overall, the APAC solid-state battery market provides tremendous prospects for industry players to capitalize on the region's growing demand for high-performance, safe, and sustainable energy storage solutions across various sectors.
Market Segmentation:
Segmentation 1: by Application
• Electric Vehicle
o Passenger Vehicle
o Commercial Vehicle
• Consumer Electronics
• Medical Devices
• Energy Storage System
• Others
Segmentation 2: by Electrolyte Type
• Polymer
• Sulfide
• Oxide
• Others
Segmentation 3: by Battery Type
• Thin Film
• Bulk
• Others
Segmentation 4: by Capacity
• Below 20mAh
• 20mAh to 500mAh
• Above 500mAh
Segmentation 5: by Country
• Japan
• South Korea
• India
• Taiwan
• Rest-of-Asia-Pacific
Asia-Pacific Solid-State Battery Market
Focus on Electrolyte Type, Battery Type, Capacity, Application, and Country - Analysis and Forecast, 2023-2032
Some Faq's
Frequently Asked Questions
The Asia-Pacific solid-state battery market (excluding China) was valued at $64.4 million in 2023, and it is expected to grow with a CAGR of 32.28% during the forecast period 2023-2032 to reach $798.6 million by 2032.
Solid-state batteries offer several advantages over traditional lithium-ion batteries, including higher energy density, faster charging capabilities, improved safety due to the absence of flammable liquid electrolytes, longer lifespan with reduced degradation, and enhanced compatibility with various temperature conditions, making them ideal for electric vehicles and portable electronics.
The USP of a solid-state battery market report lies in its comprehensive coverage of the latest industry trends, market insights, technological advancements, and competitive landscape. It provides valuable data and analysis to help businesses make informed decisions, identify growth opportunities, and strategize their market entry or expansion plans in this rapidly evolving sector.
Solid-state battery manufacturing companies, as well as those in the electric vehicle, medical device, and consumer electronics sectors, seek efficient and safe technology for their products and can buy this report. Manufacturers of alternative batteries may also benefit from this report to gauge market competition for potential entry. Investors and research institutions may also find valuable data for assessing market potential and studying solid-state battery advancements.
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