Solid State Battery Market Revenue, Major Players and Forecast 2028

Posted June 16, 2022 by avinashgogawale14

Solid State Battery Market size is Expected to reach USD 314 million by 2028 from USD 58 million in 2022 to, at a CAGR of 32.5% during the forecast period.
Solid State Battery Market Outline:
The Solid-State Battery Market Size is estimated to grow from USD 58 million in 2022 to USD 314 million by 2028; it is expected to grow at a CAGR of 32.5% during the forecast period.

One of the biggest hurdles for electric cars and personal electronics is their limitations on battery life. Solid-State Batteries could change that, potentially making all electric cars faster and more powerful. In this article, you will learn about these new batteries as well as where they're most likely to be used in the future.

Solid-State Batteries are a new type of battery that use a solid material instead of a liquid or gas to store energy. They’re more powerful and have longer life than traditional batteries, and they could be the key to making electric vehicles more viable. Here’s what you need to know about them.

Key Players:

Cymbet (US), Robert Bosch (Germany), Toyota Motor (Japan), Solid Power (US), Excellatron Solid State (US), and BrightVolt (US) are a few of the major companies operating in the Solid-State Battery Market.

Download PDF Brochure:

Market Challenge:

The challenge of making Solid State Batteries is twofold. The first challenge is that solid state batteries need to be much more powerful and efficient than traditional lithium-ion batteries in order to make them a viable replacement for vehicles. The second challenge is that solid state batteries are not yet able to store enough energy to power a vehicle for an extended period of time. However, progress has been made on both fronts and it is hoped that solid state batteries will soon be able to replace lithium-ion batteries in electric vehicles.

One of the major hurdles that solid state battery manufacturers have faced is the fact that they need to be much more powerful in order to provide a comparable amount of energy storage as traditional lithium-ion batteries. In order for a solid-state battery to provide the same amount of energy as a lithium-ion battery, it would need to be able to store around three times as much energy. While progress has been made in this area, there are still some significant challenges that need to be overcome before solid state batteries can become the go-to battery type for electric vehicles.


Solid-State Batteries are the future of electric vehicles, and they could be a game changer for the automotive industry. Solid-state batteries don't use any liquid or gasses, which means they're much more environmentally friendly than traditional batteries. They're also much more efficient, which means they can pack more power into a smaller space. Additionally, Solid-State Batteries are rechargeable, so you can never run out of juice.

The future of electric vehicles is looking brighter with every passing day. Unfortunately, the existing battery technology just isn't up to the task. That's where Solid-State Batteries come in. They offer a number of advantages that could make them the game changer for electric vehicles.

Browse Complete Report @

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website:
-- END ---
Contact Email [email protected]
Issued By Avinash
Phone +1-888-600-6441
Business Address Tower B5, office 101, Magarpatta SEZ,
Hadapsar, Pune-411013, India
Country India
Categories Business , Industry , Semiconductors
Last Updated June 16, 2022