Solid state battery is lightweight and long-lasting batteries that are designed using electrode and electrolyte materials. The demand for compact and long-lasting batteries is rising leading to increased opportunities offered by Smartphone and sensors technologies that utilize such batteries are promoting the growth of the solid-state battery market. The solidstate batteries are safer than liquid state batteries and have higher performance efficiency. These batteries are costly as compared to conventional batteries and their inefficient performance in lower temperatures are some hurdles for the market.
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The solid-state batteries market is segmented based on type, application and geography. Based on type, the market is segmented into Lead acid, Nicd, NiMH, Li-ion, and Li-Metal. Based on the application, Consumer electronics, Entertainment, Medical devices, Packaging, Electric vehicles, Portable devices, Smart cards, Wearable devices, Wireless communication, and others. Geographically, the market is segmented as, North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Top Key Players:
24m Technologies Blue Solutions Flashcharge Batteries Planar Energy Devices PolyPlus Battery Company Prieto Battery Inc. Hitachi Zosen Corporation Johnson Battery Technologies
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Battery-Market-Analysis-to-2025
The demand for efficient batteries and growing consumer electronics market are the major drivers attracting investment in solid state batteries market. The solid-state batteries are safe devices when compared to conventional batteries as they do not use flammable liquid electrolyte. The automobile industries are investing in solid