Solid State Battery Market - Valued at USD 51.6 Million in 2014 & is Expected to Grow at a CAGR of 72.33% Between 2015 and 2020

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Research and Markets

05 Jan, 2016, 10:10 GMT

DUBLIN, Jan. 5, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/pfjkgw/solid_state) has announced the addition of the "Solid State Battery Market - Global Forecast to 2020" report to their offering.

The growth of this market is propelled to rapidly growing popularity of solid state batteries in applications such as consumer electronics, packing, smart cards, wearable devices, and medical devices among others which require high-energy power source to be integrated within the limited space.

The solid state battery, being compact, flexible, thin, safe, and cost-effective, makes the devices weigh lighter while increasing its efficiency and facilitates advancements in products. This makes them favorable for use in a wide range of applications.

Packaging followed by smart cards are leading application sectors of the solid state battery market. The leading position of the packaging sector can be attributed to the fact that the solid state battery is used widely in RFID tags and smart labels integrated on packages. Beside the other advantages, solid state batteries can also be rolled, cut, or folded into any shape to compliment the product, without any loss of efficiency.

North America accounted for the largest share of the solid state battery market in 2014, whereas the European market is expected to grow at a high growth rate during the forecast period. The leading position of North America can be attributed to the demand from packaging, smart cards as well as electric vehicles sectors in this region for the solid state battery. This is a result of the U.S. being amongst the leading countries to adopt solid state batteries in various applications.

One of the key restraining factors in the solid state battery market is that the manufacturing process and methods used for developing a solid state battery is complex. It requires proper manufacturing tools that deliver extremely high precision in depositing the materials during the development stage. Furthermore, the deficiency in quality of the materials used for the electrodes as well as electrolyte components can cause damage to the battery and its efficiency. Therefore, the manufacturers need to continuously focus on the research & development of these batteries to scrutinize its working and efficiency.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights - Solid State Battery Market 

5 Market Overview

6 Industry Trends 

7 Solid State Battery Market Analysis, By Type

8 Market Analysis, By Capacity

9 Market Analysis, By Application

10 Market Analysis, By Region

11 Competitive Landscape

12 Company Profiles

  • BrightVolt, Inc. (U.S.)
  • Cymbet Corporation (U.S.)
  • Excellatron Solid State, LLC (U.S.)
  • Infinite Power Solutions, Inc. (U.S.)
  • Planar Energy Devices, Inc. (U.S.)
  • Robert Bosch GmbH (Germany)
  • STMicroelectronics N.V. (Switzerland)
  • Sakti3 Inc. (U.S.)
  • Solid Power, Inc. (U.S.)
  • Toyota Motor Corporation (Japan)

For more information visit http://www.researchandmarkets.com/research/pfjkgw/solid_state

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Laura Wood, +353-1-481-1716, press@researchandmarkets.net

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SOURCE Research and Markets