Nov 21, 2023

Expected to Grow at a 32.1% CAGR to 2031 | Latest InsightAce Study Companies covered in this study are Bollore Group, Toyota Motor Corporation, STMicroelectronics N.V., SAMSUNG SDI CO., LTD., Solid Power, Inc., Hitachi Zosen Corporation, Ilika plc, Ganfeng, Lithium Group Co., Ltd., ProLogium Technology Co., Ltd., Ionic Materials Inc, Prieto Battery Inc., BrightVolt Solid State Batteries, StoreDot, Factorial Inc., theion GmbH, Sakuu Corporation, Ion Storage Systems, SK on Co., Ltd., Natrion Inc, Blue Solutions, Prologium Technology Co., Ltd., Excellatron, Quantumscape, Ampcera, Factorial Inc., Lg Energy Solution, Lionvolt, Niterra Co., Ltd., Storedot November 21, 2023 02:32 ET SASWAD, PUNE, Pune, INDIA Jersey City, NJ, Nov. 21, 2023 (GLOBE NEWSWIRE) -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Solid-State Battery Market - (By Application (Electric Vehicle (Passenger Vehicle, Commercial Vehicle), Consumer Electronics, Medical Devices, Energy Storage System, Others), By Electrolyte Type (Polymer, Sulfide, Oxide, Others), By Battery Type (Thin Film, Bulk, Others), By Capacity (Below 20mAh, 20mAh to 500mAh, Above 500mAh)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031." According to the latest research by InsightAce Analytic, the Global Solid-State Battery Market is valued at US$ 573.2 Mn in 2022, and it is expected to reach US$ 6.94 Bn by 2031, with a CAGR of 32.1% during the forecast period of 2023-2031. Solid-state batteries, the next generation of rechargeable batteries, will replace Li-ion cells in many applications because they are physically and functionally equivalent. The primary benefit of these batteries is the extreme security they provide. They are ideal for battery-powered vehicles due to their high resistance to heat and flame. Solid-state batteries have higher energy densities, greater safety, and stability than standard Li-ion batteries that use liquid electrolytes. This market is projected to expand due to ongoing R&D efforts by key manufacturers to perfect innovative, cost-effective solid-state batteries. Free PDF Report Brochure @  https://www.insightaceanalytic.com/request-sample/2204 The major goals of these initiatives are to reduce manufacturing costs, enhance battery stability, and raise awareness of the advantages of these batteries over standard lithium-ion batteries. The field of electrolyte material research is where the bulk of the work is done to ensure its safety and stability. However, most solid-state electrolytes, and especially the inorganic solid-state electrolyte, are denser than the polyolefin separator. It's also common for them to be thicker than the separators found in regular lithium-ion batteries. Recent Developments: In March 2022, MAHLE and ProLogium entered into a memorandum of understanding about the creation of the initial thermal management system tailored to ProLogium's solid-state batteries of the next generation. The implementation of commercially viable solid-state battery solutions with enhanced safety, energy density, and lifespan was facilitated by collaborative efforts. In Aug 2022, The National Research and Development Agency, Japan Aerospace Exploration Agency and Hitachi Zosen Corporation collaborated to conduct a demonstration experiment on the charge and discharge operation of all-solid-state lithium-ion batteries installed in the Japanese Module "Kibo" on the International Space Station (ISS). Their performance in the space environment was verified to be suitable, establishing it as the world's first successful endeavor of its nature. List of Prominent Players in the Solid-state battery market: Bollore Group ProLogium Technology Co., Ltd.