Solid State Battery Market
Solid state batteries are a new type of battery that uses solid electrolytes instead of liquid-based solutions to store energy. These batteries offer many advantages over traditional lithium-ion batteries including a lower risk of explosions, longer shelf life, and better safety features. All-solid state lithium ion batteries (ASS-LIBs) offer considerable promise in terms of clean energy and carbon neutrality. Moreover, solid-state batteries are much safer than liquid-chemistry batteries, so they're well-suited to the airborne transportation sector where safety is of the utmost importance. These batteries don't catch fire, so they're ideal for use in drones and other aerial vehicles, as well as in large passenger aircraft.
Market Dynamics:
Increasing demand for electric vehicles and increased government support is projected to boost the global solid state battery market growth during the forecast period. Moreover, companies are investing in research and development activities to develop solid state batteries that have less charging time and are compact in size. The rising investments for the use of these batteries in medical wearable devices and EVs will further propel the solid state battery market growth.
On the other hand, easy availability of low cost substitute is expected to hinder the market growth.
Key features of the study:
Detailed Segmentation:
Table of Contents
*Browse 24 market data tables and 28 figures on "Global Solid State Battery Market” - Global forecast to 2032
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