Solid State Battery Market

By Type;

Thin-Film Batteries, Portable Batteries and Others

By Category;

Single-Cell Battery and Multi-Cell Battery

By Capacity;

Less Than 20 mAh, Between 20 mAh-500 mAh and Above 500 mAh

By Rechargeability;

Primary Battery and Secondary Battery

By Application;

Consumer Electronics, Electric Vehicle, Energy Harvesting, Entertainment, Medical Devices, Packaging, Portable Devices, Smart Cards, Wearable Devices, Wireless Communication and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn110329515 Published Date: September, 2025 Updated Date: November, 2025

Solid State Battery Market Overview

Solid State Battery Market (USD Million)

Solid State Battery Market was valued at USD 654.05 million in the year 2024. The size of this market is expected to increase to USD 5,599.50 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 35.9%.


Solid State Battery Market

*Market size in USD million

CAGR 35.9 %


Study Period2025 - 2031
Base Year2024
CAGR (%)35.9 %
Market Size (2024)USD 654.05 Million
Market Size (2031)USD 5,599.50 Million
Market ConcentrationLow
Report Pages389
654.05
2024
5,599.50
2031

Major Players

  • CYMBET CORPORATION
  • ROBERT BOSCH GMBH
  • STMICROELECTRONICS N.V.
  • DYSON LTD.
  • BRIGHTVOLT INC.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Solid State Battery Market

Fragmented - Highly competitive market without dominant players


The Solid State Battery Market is experiencing rapid growth, fueled by the demand for advanced energy storage solutions. With a rising need for higher energy densities and safety features, solid-state batteries are becoming increasingly popular in various sectors, including automotive and consumer electronics. The market is expanding significantly, with growth driven by the push for more efficient energy storage and sustainable energy solutions. Over recent years, this market has seen an expansion of over 20%.

Market Drivers
A primary driver of the Solid State Battery Market is the shift towards electric vehicles (EVs) and the increasing need for longer-lasting batteries. These batteries are gaining traction due to their enhanced safety and ability to provide greater power output with less risk of overheating compared to traditional lithium-ion batteries. With over 25% of the market demand being attributed to the EV sector, this trend continues to play a significant role in the market’s expansion.

Adoption Across Industries
The automotive industry is one of the most prominent sectors adopting solid-state batteries, with major advancements in electric vehicle design pushing for higher capacity and safer battery solutions. Additionally, the consumer electronics market is witnessing a surge in the integration of solid-state batteries due to their compact design and improved battery life. The market has experienced an increase of over 30% in demand across both industries, highlighting the growing adoption of these advanced energy storage systems.

Future Outlook
Looking ahead, the Solid State Battery Market is expected to continue expanding, driven by the demand for sustainable and high-performance energy solutions. As technology continues to evolve and manufacturers scale up production, solid-state batteries are poised to become a core component in various applications, ranging from electric vehicles to wearable devices. The market’s growth trajectory remains strong, with an anticipated surge of over 20% in demand over the next few years.

Opportunities

  • Energy Density
  • Electric Vehicles
  • Renewable Integration -Renewable energy integration is playing a transformative role in the Global Solid State Battery Market, driven by the need for efficient and reliable energy storage solutions. Solid state batteries are emerging as a key technology to address the challenges associated with renewable energy sources such as solar and wind, which are inherently intermittent and variable. The high energy density, long cycle life, and safety advantages of solid state batteries make them ideal for storing excess energy generated during peak production times and releasing it when energy demand exceeds generation, thereby stabilizing the power grid.

    In particular, solid state batteries offer significant benefits for large-scale energy storage systems used in conjunction with renewable energy installations. Their ability to operate effectively in various temperature ranges and their enhanced safety features make them suitable for deployment in diverse environmental conditions and large-scale grid storage applications. As the global energy landscape shifts towards greater reliance on renewable sources, the need for robust energy storage solutions that can seamlessly integrate with these sources becomes more critical. Solid state batteries are well-positioned to meet this demand, offering improved performance and longer lifespans compared to conventional battery technologies.

    The integration of solid state batteries with renewable energy systems is also supported by advancements in battery technology and decreasing costs. As research and development efforts continue to enhance the performance and reduce the costs of solid state batteries, their adoption in renewable energy storage systems is expected to increase. This integration not only facilitates the efficient use of renewable energy but also contributes to achieving sustainability goals and reducing reliance on fossil fuels. Consequently, the growth of renewable energy projects is likely to drive further innovation and expansion in the solid state battery market, creating new opportunities for energy storage solutions worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Category
    3. Market Snapshot, By Capacity
    4. Market Snapshot, By Rechargeability
    5. Market Snapshot, By Application

    6. Market Snapshot, By Region
  4. Solid State Battery Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Energy Density
        2. Safety Improvements
        3. Electric Vehicles
      2. Restraints
        1. High cost
        2. Manufacturing complexity
        3. Material scarcity
      3. Opportunities
        1. Energy Density
        2. Electric Vehicles
        3. Renewable Integration
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Solid State Battery Market, By Type, 2021 - 2031 (USD Million)
      1. Thin-Film Batteries
      2. Portable Batteries
      3. Others
    2. Solid State Battery Market, By Category, 2021 - 2031 (USD Million)
      1. Single-Cell Battery
      2. Multi-Cell Battery
    3. Solid State Battery Market, By Capacity, 2021 - 2031 (USD Million)
      1. Less Than 20 mAh
      2. Between 20 mAh-500 mAh
      3. Above 500 mAh
    4. Solid State Battery Market, By Rechargeability, 2021 - 2031 (USD Million)
      1. Primary Battery
      2. Secondary Battery
    5. Solid State Battery Market, By Application, 2021 - 2031 (USD Million)
      1. Consumer Electronics
      2. Electric Vehicle
      3. Energy Harvesting
      4. Entertainment
      5. Medical Devices
      6. Packaging
      7. Portable Devices
      8. Smart Cards
      9. Wearable Devices
      10. Wireless Communication
      11. Others
    6. Solid State Battery Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. QuantumScape Corporation
      2. Solid Power, Inc.
      3. Toyota Motor Corporation
      4. Blue Solutions (Bolloré Group)
      5. ProLogium Technology Co., Ltd.
      6. Ilika plc
      7. Factorial Energy
      8. SK on (SK Innovation)
      9. LG Energy Solution
      10. Samsung SDI
      11. TDK Corporation
      12. Hitachi Zosen Corporation
      13. Prieto Battery Inc.
      14. Cymbet Corporation
      15. Dyson
  7. Analyst Views
  8. Future Outlook of the Market