Regional players dominate the market holding nearly 40% of revenue share despite the presence of about 100 competitors comprising global players, regional players, and country-niche players find a recent market study on the Global Solid-State Battery Market by Ken Research
A solid-state battery uses a solid as an electrolyte and has high energy density, better stability, and is safer in comparison to lithium-ion batteries. Different kinds of electrolytes could be used to increase the efficiency of a solid-state battery. Solid-state batteries are less expensive, safer, and more durable.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
Country-Niche players constitute ~40% of the Total Number of Competitors and hold ~25% of the Total Market Revenue
A comprehensive competitive analysis conducted during the Research Study found that the Global Solid-State Battery Market is highly competitive with ~100 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in the solid-state battery market. The regional players comprise ~45% in terms of the number of companies and hold about 40% of the market share. Key players in the market are focused on research and development to improve new technical features of solid-state battery cells to gain significant market share.
Leading Players Focused on Research and Development of Solid-state Battery
Detailed comparative analysis of key competitors available within the Research Study shows that key players such as TOYOTA MOTOR CORPORATION, Excellatron, and BrightVolt Inc., among others are highly focused on offering solid-state batteries for various applications. Furthermore, market players are engaged in R&D activities and are investing heavily in the production of solid-state batteries to fulfill the demand of the end-users.
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In December 2021, TOYOTA MOTOR CORPORATION planned to introduce solid-state batteries in its hybrid vehicles by 2025. The company aimed to revolutionize battery technology in the production of cars.
Increased Government Initiatives Promote Solid-state Battery Market Growth and Development
In March 2022, the Government of India introduced several schemes and programs like the National Action Plan on Climate Change (NAPCC) to combat climate change to reduce carbon emissions. The NAPCC comprises missions in specific areas of energy efficiency, water, solar energy, and others.
In April 2022, The USA Department of Transportation’s Federal Highway Administration announced a new program and offered US$ 6.4 billion in funding to help reduce carbon emissions. President Biden approved the program under the Bipartisan Infrastructure Law.
Key Topics Covered in the Report
Snapshot of the Global Solid-state Battery Market
Industry Value Chain and Ecosystem Analysis of the Solid-state Battery Market
Market size and Segmentation of the Global Solid-state Battery Market
Historic Growth of the Overall Global Solid-state Battery Market and Segments
Competition Scenario of the Solid-state Battery Market and Key Developments of Competitors
Porter’s 5 Forces Analysis of the Global Solid-state Battery Industry
Overview, Product Offerings, and Strategic Developments of Key Competitors
COVID-19 Impact on the Overall Global Solid-state Battery Market
Future Market Forecast and Growth Rates of the Global Solid-state Battery Market and by Segments
Market Size of Application/Application Segments with historical CAGR and Future Forecasts
Analysis of the Solid-state Battery Market in Major Regions
Major Production / Consumption Hubs in the Major Regions
Major Production/Supply and Consumption/Demand Hubs in Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Solid-state Battery Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Region
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Major Companies Mentioned in the Report
TOYOTA MOTOR CORPORATION
Robert Bosch GmbH
Solid Power Inc.
SK Innovation Co. Ltd
Notable Emerging Companies Mentioned in the Report
Gangfeng Lithium Co Ltd
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
Solid-state Battery Manufacturers
Electric Vehicle Manufacturers
Wearable Device Manufacturers
Medical Device Manufacturers
Research & Consulting Firms
Research and Development Associations
Investment Banking & Financial Institutes
Research & Development Institutes for Solid-state Battery
Solid-state Battery Providers
Solid-state Battery Technology Research Organizations
Solid-state Battery Suppliers
Investors in Solid-state Battery Start-ups
Solid-state Battery Distributors
Government Regulatory Bodies
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