Global Solid State Battery Market 2017-2021: Market to Grow at a CAGR of 72.33% With Cymbet, Infinite Power Solutions, Sakti, Seeo, Solid Power – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Global
Solid State Battery Market 2017-2021” report to their offering.

The global solid-state battery market to grow at a CAGR of 72.33% during
the period 2017-2021.

Global Solid-State Battery Market 2017-2021, has been prepared based on
an in-depth market analysis with inputs from industry experts. The
report covers the market landscape and its growth prospects over the
coming years. The report also includes a discussion operating in this
market. To calculate the market size, the report considers the new
shipments and exclude replacement/ aftermarket/services market.

The latest trend gaining momentum in the market is need for clean energy
to mitigate climate change. Great efforts are put across the world to
reduce energy consumption by making facilities more efficient through
energy management systems. In addition, the effort is directed to reduce
the dependency on fossil fuel as it is one of the major contributors to
emissions. Governments have turned their focus on reducing carbon
emissions from power plants, which are the highest contributors to CO2
and greenhouse gas emissions. The previous policies did not have
separate regulations for power plants.

According to the report, one of the major drivers for this market is
improved consumer spending. Consumer spending is a significant economic
factor since it usually matches with the overall consumer confidence in
a nation’s economy. High consumer confidence indicators typically relate
to higher levels of consumer spending in the economic market. Improving
consumer spending will support sales of high-drain electronics, boosting
the demand for solid state batteries.

Further, the report states that one of the major factors hindering the
growth of this market is competition from other battery technologies. In
recent months, focus toward secondary battery is increasing, especially
in applications such as mobile phones, earphones, music players, and
others. if we keep aside the consumer market, military and defense are
the biggest sectors for primary batteries. However, during the last 10
years, the market has gradually switched from primary battery to
secondary battery, owing to the better charge methods and more readily
available power sources.

Key vendors:

• Cymbet
• Infinite Power Solutions
• Sakti
• Seeo
• Solid Power

Other prominent vendors:

• Robert Bosch
• Toyota Motor Corporation
• Planar Energy
• Excellatron
• BrightVolt
• STMicroelectronics
• Front Edge Technology

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by application

Part 07: Geographical segmentation

Part 08: Decision framework

Part 09: Drivers and challenges

Part 10: Market trends

Part 11: Vendor landscape

Part 12: Key vendor analysis

Part 13: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/9s77gd/global_solid.

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Topics: Battery
Technology