Global Solid State Batteries Market Growth (Status and Outlook) 2019-2024

Chemical energy storage, including lead acid batteries, nickel system batteries, and lithium ion batteries (LiBs), is considered to be the most promising energy storage technology for industrialization. Among these, LiBs have many advantages such as light weight, high energy density, high power density, and long life, and they are overwhelmingly preferred by designers for use in portable electronic devices such as cell phones and laptops. However, overcharging or short-circuiting can lead to high temperature and result in fire or explosion due to the presence of flammable organic electrolytes. Fires and explosions of LiBs have been reported throughout the world. The developments of electric vehicles (EVs) and large-scale energy storage devices for new kinds of power stations greatly expand the market for LiBs, meanwhile, stricter safety requirements apply to LiBs. Since large numbers of LiBs are packed together in EVs or power stations, fire or explosion in an LiB could be disastrous. Safety has become the main obstacle for the wide application of LiBs. To meet this issue, solid state batteries have entered the field.

A solid state battery is composed mainly of cathode, anode, and solid electrolyte, as developed during the latter half of the 20th century. Solid state batteries have a simpler structure than the traditional LiBs, and the simplified structure with a solid electrolyte enables higher energy density. Solid electrolytes not only conduct Li+ ions but also serve as the separator, as shown in Figure below. In solid state batteries, no organic liquid electrolyte, electrolyte salt, separator, or binder is required, which dramatically simplifies the assembly process. The operational principle of solid state batteries is no different from the traditional LiBs. In the charge process, lithium ions deintercalate from the cathode material and transport to the anode through the electrolyte, while electrons drift to the anode by the external circuit. Lithium ions combine with electrons to form more complete lithium atoms. The discharge process is just the reverse.

Although Solid State Batteries based on inorganic solid electrolytes have clearly demonstrated their great possibilities for electric vehicles and large-scale energy storage systems, further development is still required to improve their energy density, rate capability, and cycling stability, while ensuring excellent safety. Actually, they are still far from being commercialized for industrial applications, which require systematical studies and will be a complicated process.
Making Solid State Batteries usable outside the laboratory involves multiple factors such as solid electrolytes, electrodes, interface properties, and construction design. The high cost and very small production scale of solid state electrolytes with high ionic conductivity hinder the application of Solid State Batteries. Meanwhile, Solid State Batteries still suffer from inferior power density and poor cycle life, due to the high transfer resistance of lithium ions between the electrodes and solid electrolytes. Thus, at this stage, the direction for research exploring Solid State Batteries for commercial applications is to develop new cathodes based on the conversion reaction mechanism with low or even zero strain and energy levels well matched with the electrolytes. All of these together are expected to yield new material systems with high capacity. In addition, the use of lithium metal in anodes will be another thrust of Solid State Batteries development. Another is the design of novel SEs with high lithium-ion conductivity at room temperature and wide electrochemical window. Meanwhile, future SEs should show excellent chemical stability in the presence of metallic lithium. Also, new methods should be proposed to reduce the interfacial resistance between the electrode and electrolyte. Finally, the optimal combination of different fabrication processes and equipment automation as well as device design are necessary for the realization of Solid State Batteries with high capacity, low cost, and high yield.
In summary, scientific and technical research on Solid State Batteries is progressing gradually. The current achievements indicate that Solid State Batteries with high energy density are promising candidates for large-scale energy storage and even electric vehicle applications

According to this study, over the next five years the Solid State Batteries market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global revenue market share of key companies in Solid State Batteries business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Solid State Batteries market by product type, application, key manufacturers and key regions and countries.

This study considers the Solid State Batteries value generated from the sales of the following segments:

Segmentation by product type:
Polymer-Based Solid State Batteries
Solid State Batteries with Inorganic Solid Electrolytes
Segmentation by application:
Consumer Electronics
Electric Vehicle
Aerospace
others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
BMW
Hyundai
Dyson
Apple
CATL
Bolloré
Toyota
Panasonic
Jiawei
Bosch
Quantum Scape
Ilika
Excellatron Solid State
Cymbet
Solid Power
Mitsui Kinzoku
Samsung
ProLogium
Front Edge Technology

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Solid State Batteries market size by key regions/countries, product type and application.
To understand the structure of Solid State Batteries market by identifying its various subsegments.
Focuses on the key global Solid State Batteries players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Solid State Batteries with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Solid State Batteries submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.