Solid state batteries are batteries which are particularly lightweight and long-lasting, owing to their being designed with electrode and electrolyte materials. The growing demand for compact and long lasting batteries and the opportunities presented by smartphone and sensors technologies that utilize such batteries are promoting the growth of the solid state battery market. Solid state batteries are safer than liquid state batteries and have a higher performance efficiency. However, the high cost of these batteries as compared to conventional batteries and their inefficient performance in lower temperatures are some obstacles for the market.
This report analyzes the solid sate battery market by types, such as Lead acid, Nicd, NiMH Li-Ion and Li Metal. The Li – ion batteries are set to capture the lion’s share of the rechargeable battery market in the coming year. Li-ion battery is especially lightweight and it has a long shelf life; these are some of the factors which have enabled Li-ion to gain traction. The report also profiles the companies which manufacture and provide solid state batteries, including Cymbet, Excellatron, Front Edge, Infinite Power, Seeo, Planar Energy, Toyota/AIST etc. The report provides key insights into various geographic regions, namely North America, Europe, Asia-Pacific and LAMEA and their current market trends.
KEY MARKET SEGMENTATION
The solid state battery market is segmented by type and by geography.
MARKET BY TYPES
MARKET BY GEOGRAPHY