The study involved four major activities in estimating the current size of the solid-state battery market. Exhaustive secondary research has been done to collect information on the market, peer, and parent markets. The next step has been to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the total market size. After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments. Two sources of information—secondary and primary—have been used to identify and collect information for an extensive technical and commercial study of the solid-state battery market.
Secondary Research
Secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.
Primary Research
Primary sources mainly consist of several experts from the core and related industries, along with preferred solid-state battery providers, distributors, alliances, standards, and certification organizations related to various segments of this industry’s value chain.
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts such as Chief Experience Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from solid-state battery providers, such as Blue Solutions (France), QuantumScape Corporation (US), ProLogium Technology Co, Ltd. (Taiwan), and Hitachi Zosen Corporation (Japan); research organizations, distributors, industry associations, and key opinion leaders. Following is the breakdown of primary respondents.
Notes: The RoW includes the Middle East, Africa, and South America. Other designations include product managers, sales managers, and marketing managers.
Three tiers of companies are defined based on their total revenue as of 2022; tier 3 = revenue less than USD 50 million; tier 2 = revenue between USD 50 million and USD 100 million; and tier 1 = revenue more than USD 100 million.
About the assumptions considered for the study, To know download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the solid-state battery market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
Market Definition
Solid-state batteries use solid electrolytes in place of gel- or liquid-based electrolytes. They are based on the concept of using solid materials in all the components of batteries. These batteries overcome the disadvantages of conventional batteries since they have a long shelf-life, are safe to use, and offer high energy. The solid electrolytes used in these batteries result in their compact packaging and lightweight. These features make solid-state batteries ideal for use in a number of advanced applications that demand next-generation power sources such as electric vehicles and IoT devices.
Key Stakeholders
-
Solid-state battery manufacturers
-
Technology providers
-
Material providers
-
Government bodies and industry associations
-
Equipment suppliers
-
System integrators
-
Electronic devices and electric vehicle manufacturers
Report Objectives
-
To define and forecast the solid-state battery market regarding component, type, battery type, capacity, and application.
-
To describe and forecast the solid-state battery market and its value segments for four regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their respective countries.
-
To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
-
To strategically analyze micro-markets concerning individual growth trends, prospects, and contributions to the overall market
-
To study the complete value chain of the solid-state battery market
-
To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market
-
To strategically profile key players and comprehensively analyze their market position regarding ranking and core competencies, along with a detailed market competitive landscape.
-
To analyze strategic approaches such as agreements, collaborations, and partnerships in the solid-state battery market
-
To provide an analysis of the recession impact on the growth of the market and its segments
HIGHEST CAGR MARKET IN 2023
CHINA FASTEST GROWING MARKET IN THE REGION
Parag
Jul, 2022
All the solid-state batteries using advanced sulfur-based electrolytes are not complete commercial yet and are still in research phase. The all-solid state lithium-sulfur batteries include various sulfur composite cathodes such as sulfur/carbon composite and sulfur/metal composite, along with lithium metal anode and a solid electrolyte. However, in the recent past, many research institutes and firms have identified and developed high ionic conductivity compounds of lithium, phosphorus, germanium and sulfur to be combined as an efficient electrolyte materials called super-ionic conductors. NEI Corporation (US) one such company who is actively involved in producing different solid electrolyte materials of sulfide-based compositions..
Johan
Sep, 2021
Need details about listed companies in this domain, along with their market share. .