Global-Solid State Batteries Market to Reach USD 6.35 Billion by 2030

The Global Solid State Batteries Market size was valued at around USD 1.2 billion in 2024 and is projected to reach USD 6.35 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 32.00% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The rise in the market is due to an increase in the need for electric & hybrid vehicles, government support, growing investments in battery technology, enlarging healthcare sectors, ongoing research & development programs, increasing 5G internet penetration & electronic devices, and others.

Additionally, the automotive sector is expanding lately due to the increase in disposable income, the growing white collar population, government support, tax relaxations, etc. The government is actively supporting the electric vehicle to reduce carbon emissions and attain carbon neutrality. The reduced registration fees, lower taxes on ownership, and the developing electric infrastructure increase the adoption of electric vehicles. For the power supply, electric vehicles need a battery, including a solid-state battery, thus increasing the utility of the market in the automotive sector worldwide.

Moreover, for the innovation and development of the next generation battery technology government and private sector are increasingly raising funds and investing in the development of new battery technology, allocating a fixed amount for solid-state battery. Thus, the increasing investments in the research & development of battery technology, the growing automotive sector, increasing adoption of electronic & portable devices, hence boosting the demand for solid-state batteries globally, further states the research report, “Global Solid State Batteries Market Analysis, 2025.”

Global Solid State Batteries Market Segmentation Analysis

Multi-Cell Battery Holds the Largest Market Share

Based on the category, the market is further bifurcated into single-cell battery and multi-cell battery. The multi-cell solid-state battery holds the majority of the market share of around 67%. This is due to its integration across multiple sectors, the need for high energy density, enhanced safety, thermal management, extended lifespan, etc.

The multi-celled solid-state battery is extensively used across multiple end-users such as consumer electronics, automotive, medical devices, aviation payloads, etc. It is because of the high energy retention capacity, which stores the charge for a longer duration, offering a longer run duration. Consumer electronics such as laptops, PCs, telehealth wearables, smartphones, etc., are gaining popularity among the digital native population. Such electronic devices rely on batteries for a power source; thus, for extended battery life and fast charging, these devices are equipped with solid-state batteries, hence facilitating the largest market share of multi-cell batteries across the globe.   

Asia-Pacific Leads the Solid State Batteries Market Globally

Asia-Pacific leads the solid-state batteries market globally with a market share of around 47%. This is due to the low-cost labor, the growing and well-established automotive & electronic industry, the presence of market players, the growing government investments, etc. The Asia-Pacific countries are the leading manufacturers of automotive and electronic products across the globe. It is due to the accessibility of a large workforce, mature automotive and electronic manufacturing units, government support, etc., which attracts the global automotive manufacturers to the region. Thus, the large-scale production of automotive vehicles, especially electric vehicles, requires solid-state batteries for operations, hence increasing the demand for solid-state batteries among Asia-Pacific countries.

Additionally, the government support through incentives and investments in the development of next-generation solid-state batteries, along with the strong presence and supply chain of the market players, increases the market share of the region globally.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Robert Bosch, Toyota Motor, Solid Power, Excellartion Solid State, Bright Volt, SK Innovation Co, Ltd., STMicroelectronics, Total Energies, Store Dot, QuntumScape Corporation, Factorial Inc., Gangfeng Lithium Co. Ltd., Prieto Battery, Blue Solutions, ProLogium Technology, and Others, are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?