Semiconductor battery market worth USD 4.3 billion by 2027,
New York, July 5, 2021 (GLOBE NEWSWIRE) – Semiconductor Battery Market Overview: According to a comprehensive research report from Market Research Future (MRFR), “Semiconductor Battery Market Research report by type, application and region – forecast to 2027 ” The market size is expected to reach USD 4.3 billion by 2027, with a CAGR of 48.02% between 2020 and 2027.
The most important factors influencing the global solid-state batteries in the electric vehicle market are the rise in sales of electric vehicles, the increasing research and development initiatives taken by several large companies, focused on the development of new products. . Apart from this, organizations are also paying attention to launching new products to take advantage of the unique attributes of solid-state batteries. In addition, these batteries possess the ability to deliver stable voltage, which increases their uptake in medical and precision equipment.
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The major players presented in the global solid-state battery market research report are
- Infinite Power Solution, Inc. (US)
- STMicroelectronics NV (Switzerland)
- Cymbet Corporation (United States)
- Robert Bosch GmbH (Germany)
- Brightvolt Inc. (United States)
- Toyota Motor Corporation (Japan)
- Excellatron Solid State LLC. (WE)
- Apple Inc. (United States)
- LLC (United States)
- Planar Energy Devices, Inc. (United States)
- Altairnano (United States)
- Solid Power, Inc. (United States) and
- Quantumscape Corporation (United States), among others
Browse the In-Depth (121 Pages) Solid State Battery Market Research Report
The global solid-state battery market has been segregated on the basis of capacity, type, application, and region.
On the basis of capacity, the global solid-state battery market can be divided into less than 20mAH, 20mAH – 300mAH, 301mAH – 500mAH, and more than 500mAH. The segment above 500mAH is likely to develop with the highest CAGR during the review period.
On the basis of type, the global solid-state battery market can be divided into thin-film battery, portable battery, and others. The vertical thin film battery business is expected to acquire the largest share during the review period due to the increasing adoption of solid state battery materials.
Based on the application, the global solid-state battery market can be divided into electronics, electric vehicles, medical devices, smart cards, wearable devices, and others. The electric vehicle vertical sector is estimated to acquire the largest share due to the increasing adoption of solid-state batteries.
On the basis of region, the global solid-state battery market can be divided into North America, Asia-Pacific, Europe, Middle East & Africa, and South America.
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Regional analysis of North America, Europe, Asia-Pacific, Middle East, Africa and South America was performed. According to the analysis, Asia-Pacific is estimated to lead the global solid-state battery market in terms of market share. Due to the increasing use of refined products in the region including medical devices, drug delivery systems and smart cards. China is the fastest growing market in the region due to the high demand for consumer electronics in the country. The North American market holds a significant share due to the growing demand for products from the smart card, packaging and electric vehicle industries in the region. The European market is believed to be dominated by Germany due to the high demand generated by various industries. The Middle East and Africa market is dominated by the market share in Saudi Arabia, due to the demand for wearable devices in the region. The UAE is possibly the fastest growing market for solid-state batteries due to government initiatives to reduce carbon emissions. The South American market is dominated by Brazil due to the growing demand for wearable devices and consumer electronics in the region. Due to the improving financial situation, demand for consumer electronics and portable devices has increased in Brazil.
Market segmentation covered by research:
Semiconductor Battery Market Research Report Information: By Type (Portable Battery, Thin Film Battery, and Others), Capacity (Less than 20mAH, 20mAH – 300mAH, 301mAH – 500mAH and above 500mAH), application (electric Vehicles, electronics, medical devices, wearable devices, smart cards and others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) – Forecast until 2027
2 Market overview
2.1 Market definition
2.2 Scope of the study
2.3 Market structure
3 Research methodology
3.1 Primary research
3.2 Secondary research
3.3 Estimation of market capacity
3.4 Forecast model
3.5 List of assumptions
3.6 Limitations of the study
4 market information
5 Market dynamics
5.2 Market drivers
5.3 Market restrictions
5.4 Market opportunities
5.5 Porter’s five forces analysis
5.5.1 Threat of new entrants
5.5.2 Bargaining power of buyers
5.5.3 Bargaining power of suppliers
5.5.4 Threat of substitutes
5.6 Value chain / supply chain analysis
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