The global solid-state battery market size is projected to grow from USD 2.78 billion in 2025 to USD 33.38 billion by 2033, exhibiting a CAGR of 36.4%.
Report Scope:

Consumer electronics and electric vehicles constituted the largest share of the global solid-state battery market in 2022. Solid-state battery applications in the electric vehicle sector are forecast to grow exponentially in the next decade, reaching a market size of *** billion U.S. dollars by 2032.

The EV Solid-State Battery Market Report is Segmented by Vehicle Type (Passenger Cars and Commercial Vehicles), Propulsion (Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle (PHEV), and More), Solid Electrolyte Type (Sulfide-Based, Oxide-Based, and More), Anode Material (Lithium-Metal, and More), Battery Capacity (Below 20 Ah, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The global Solid State Battery (SSB) market size reached USD 630.5 Million in 2021 and is expected to reach USD 10,160.4 Million in 2030 registering a CAGR of 36.3%. Solid State Battery market growth is primarily driven owing to increase in dependency of AI for battery research and rising popularity...

Solid State Battery Market size was valued at USD 110.63 Million in 2024 and is projected to reach USD 695.14 Million by 2032, growing at a CAGR of 30.03% from 2026 to 2032.Global Solid State Battery Market OverviewThe global shift towards electric vehicles (EVs) is a major driver of solid-state battery adoption. These batteries offer significantly higher energy densities compared to traditional lithium-ion batteries, enabling longer driving ranges and improved safety. Their compact design and thermal stability make them highly suitable for EV applications, aligning with the industry's push for innovation and performance. Stringent environmental regulations aimed at reducing carbon emissions, along with government incentives for EV production and adoption, are accelerating the demand for advanced battery technologies. Solid-state batteries, due to their efficiency and safety, are increasingly viewed as a strategic solution to meet regulatory goals and support sustainable mobility.

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Solid State Battery Market Size 2024-2028

The solid state battery market size is valued to increase USD 554.8 million, at a CAGR of 44.97% from 2023 to 2028. Growing requirement for long-range EVs will drive the solid state battery market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 46% growth during the forecast period.
By Application - Transportation segment was valued at USD 28.00 million in 2022
By Type - Portable segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 1.00 million
Market Future Opportunities: USD 554.80 million
CAGR : 44.97%
APAC: Largest market in 2022

Market Summary

The market represents a significant evolution in energy storage technology, offering enhanced performance and safety compared to traditional lithium-ion batteries. Core technologies, such as solid-state electrolytes and solid-state cells, are at the forefront of this innovation, driving market growth. Notably, the adoption rate of solid state batteries in electric vehicles (EVs) is projected to increase, with a recent study estimating that they could account for up to 30% of the EV battery market by 2030. Rising demand for long-range EVs and declining prices of solid state batteries are major factors fueling this trend.
company collaborations, such as the partnership between Toyota and Panasonic, are further accelerating market development. Despite these opportunities, challenges, including scalability and manufacturing costs, remain. Regions like Asia Pacific, with its significant market share in the global battery industry, are expected to lead the market's expansion.

What will be the Size of the Solid State Battery Market during the forecast period?

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How is the Solid State Battery Market Segmented and what are the key trends of market segmentation?

The solid state battery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Transportation
  Grid storage
  Others


Type

  Portable
  Thin film


Geography

  North America

    US


  Europe

    Germany
    Norway


  APAC

    China
    Japan


  Rest of World (ROW)

By Application Insights

The transportation segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth, particularly in the transportation sector. According to recent industry reports, the adoption of solid state batteries in electric vehicles (EVs) has increased by approximately 18% in the past year. This trend is driven by the automotive industry's shift towards sustainability and the need to reduce carbon emissions in line with climate change initiatives, such as the Paris Agreement. The transportation sector's the market is projected to expand further, with estimates suggesting that up to 25% of EV batteries will be solid state by 2025. The use of solid state batteries in EVs offers several advantages, including improved cycle life, enhanced safety features, and increased charging efficiency.

Material science advancements, such as the development of high-performing cathode materials and anode materials, have been instrumental in driving the growth of the market. Furthermore, advancements in battery management systems, packaging techniques, and the use of ceramic electrolytes have contributed to the improved ion conductivity and thermal stability of solid state batteries. Manufacturing processes have also evolved, with a focus on cost reduction and increased power density. Performance testing and durability testing are crucial in ensuring the reliability and safety of solid state batteries. Companies are investing in research and development to address degradation mechanisms and improve the charging efficiency of these batteries.

In addition to EVs, solid state batteries are also gaining traction in other sectors, such as portable electronics and grid energy storage. The potential for fast charging and increased energy density makes solid state batteries an attractive alternative to traditional lithium-ion batteries. Overall, the market is a dynamic and evolving industry, with ongoing advancements in material science, manufacturing processes, and applications across various sectors. The future looks promising for solid state batteries, with expectations of continued growth and innovation in this field.

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The Transportation segment was valued at USD 28.00 million in 2018 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 46% to the growth of the global market during�

Solid-state battery market, valued at $769.4 million in 2024, will grow at a CAGR of 36.16% during the forecast period 2025-2034 to reach $14,460.6 million by 2034.

Solid State Battery Market was valued at USD 1.6 billion in 2025 and is expected to secure a valuation of USD 27.7 billion in 2035, expanding at a CAGR of 38% during the forecast period, i.e., 2026-2035. The North America industry is expected to dominate the global market with a revenue share of 34% during the analysis period, owing to the government support for incentives and policies.

Semi-Solid State Battery Market Outlook

According to our latest research, the global semi-solid state battery market size reached USD 1.34 billion in 2024, demonstrating robust momentum driven by surging demand across electric vehicles, consumer electronics, and energy storage applications. The market is expected to expand at a CAGR of 27.6% from 2025 to 2033, reaching an estimated USD 13.03 billion by the end of the forecast period. This impressive growth trajectory is primarily fueled by advancements in battery technology, a global shift towards sustainable energy solutions, and increasing investments in next-generation energy storage systems.

One of the principal growth factors propelling the semi-solid state battery market is the accelerating adoption of electric vehicles (EVs) worldwide. Automakers are increasingly prioritizing battery safety, energy density, and lifecycle enhancements to meet stringent emission regulations and consumer demands for longer driving ranges. Semi-solid state batteries offer a compelling alternative to conventional lithium-ion batteries by providing improved thermal stability, reduced risk of dendrite formation, and the potential for higher energy densities. As governments introduce aggressive policies and incentives to boost EV adoption, the integration of semi-solid state batteries is poised to become a critical component in the next phase of automotive electrification, driving substantial market expansion.

Another significant driver is the rising demand for advanced energy storage systems (ESS) in grid and renewable energy applications. As the world transitions to decentralized energy models and increases its reliance on intermittent renewable sources such as solar and wind, the need for safe, reliable, and scalable storage solutions becomes paramount. Semi-solid state batteries, with their enhanced safety profiles and longer operational lifespans, are gaining traction as a preferred technology for large-scale ESS deployments. Their ability to operate efficiently under a wide range of environmental conditions further strengthens their appeal, positioning them as a strategic asset for utilities and energy service providers seeking to stabilize grid operations and maximize renewable energy integration.

The consumer electronics sector also contributes notably to the growth of the semi-solid state battery market. As devices become more compact and power-hungry, there is a pressing need for batteries that can deliver higher energy densities without compromising on safety or longevity. Semi-solid state batteries address these requirements by enabling thinner, lighter, and more robust battery packs, which are particularly beneficial for smartphones, laptops, wearables, and emerging Internet of Things (IoT) devices. Leading electronics manufacturers are investing heavily in R&D to integrate these batteries into their next-generation products, further accelerating market growth and fostering innovation across the industry.

In the realm of industrial applications, Solid-State Batteries for Industrial Vehicles are emerging as a transformative force. These batteries offer significant advantages over traditional power sources, particularly in terms of safety, energy density, and operational efficiency. Industrial vehicles, such as forklifts, construction equipment, and automated guided vehicles, require robust and reliable power solutions to perform optimally in demanding environments. Solid-state batteries, with their enhanced thermal stability and longer cycle life, provide a compelling solution for these applications. They not only improve the energy efficiency of industrial vehicles but also contribute to reducing the overall carbon footprint of industrial operations. As industries increasingly prioritize sustainability and operational efficiency, the adoption of solid-state batteries in industrial vehicles is poised to accelerate, driving innovation and growth in this sector.

From a regional perspective, Asia Pacific dominates the global semi-solid state battery market, accounting for the largest share in 2024. This leadership is underpinned by the region's strong manufacturing base, significant investments in battery R&D, and the rapid expansion of the EV and electronics sectors in countries such as China, Japan, and South Korea. North A

Global Solid-state Battery Market Share is expected to grow at a CAGR of around 32.00% during 2025-30. (Top Leader - Blue Solutions, Brightvolt, Prieto Battery, and Ganfeng Lithium Group Co., Ltd.)

This statistic shows the size of the global automotive passenger vehicle solid-state battery market predicted for the years 2020 and 2030. Over the next ten years, the global automotive passenger vehicle solid-state battery market is expected to grow at a compound annual growth rate of roughly **** percent to reach between *** and *** billion U.S. dollars in 2030. Solid-state technology allows batteries to be produced with high energy densities that can also withstand high temperatures, making them very attractive in the electric vehicle scene. The high cost and amount of time required to develop these batteries have impeded their implementation into technologies in the past, but the rise in battery powered electric vehicles has triggered research, and the passenger vehicle solid-state battery market itself is expected to grow significantly.

Solid State Battery Market Outlook

According to our latest research, the global solid state battery market size reached USD 1.5 billion in 2024, reflecting rapid advancements and commercialization efforts across multiple industries. The market is projected to grow at an impressive CAGR of 35.7% from 2025 to 2033, reaching a forecasted value of USD 22.3 billion by 2033. This exceptional growth trajectory is primarily fueled by increasing demand for safer, higher-energy-density batteries in electric vehicles, consumer electronics, and medical devices, as well as ongoing innovations in battery materials and manufacturing processes.

One of the most significant growth factors driving the solid state battery market is the surging adoption of electric vehicles (EVs) worldwide. As automakers and governments prioritize sustainability, there is an urgent need for battery technologies that offer higher energy density, faster charging times, and improved safety compared to conventional lithium-ion batteries. Solid state batteries, with their non-flammable solid electrolytes and potential for higher capacity, directly address these requirements. Leading automotive manufacturers are investing heavily in research and development, forming strategic partnerships with battery technology firms to accelerate commercialization and scale production. These efforts are further supported by favorable regulatory frameworks and incentive programs in major markets, which are collectively propelling the adoption of solid state batteries in the automotive sector.

Another key growth driver for the solid state battery market is the expanding application landscape in consumer electronics and wearables. The proliferation of portable devices such as smartphones, smartwatches, and wireless earbuds has intensified the demand for batteries that are not only compact and lightweight but also offer extended operational life and enhanced safety. Solid state batteries, especially thin film and flexible variants, are gaining traction as they enable the design of slimmer, more durable devices without compromising on performance. Furthermore, advancements in miniaturization and manufacturing scalability are making these batteries increasingly cost-competitive, encouraging their integration into a broader range of electronic products. This trend is expected to continue as consumer expectations for device longevity and safety rise.

The solid state battery market is also benefiting from technological breakthroughs in materials science and manufacturing processes. Innovations in solid electrolytes, such as sulfide and oxide-based materials, are improving ionic conductivity and cycle life, addressing some of the historical limitations of solid state batteries. Additionally, the development of scalable production techniques, including roll-to-roll manufacturing and advanced deposition methods, is reducing costs and enabling mass production. These advancements are attracting significant investments from both public and private sectors, fostering a robust innovation ecosystem. As a result, the commercialization timeline for solid state batteries is accelerating, with several companies announcing pilot production lines and partnerships with OEMs to bring these advanced batteries to market.

From a regional perspective, Asia Pacific dominates the solid state battery market, accounting for the largest share in 2024, driven by the presence of leading battery manufacturers, robust supply chains, and high demand from the automotive and electronics industries. North America and Europe are also experiencing substantial growth, supported by strong R&D activities, government initiatives, and the presence of major automotive OEMs. The Middle East & Africa and Latin America are emerging as promising markets, primarily due to increasing investments in renewable energy and electrification initiatives. This regional diversification is expected to continue, with Asia Pacific maintaining its leadership position while other regions accelerate their adoption of solid state battery technologies.

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Lithium Solid-State Battery Market Size 2024-2028

The lithium solid-state battery market size is forecast to increase by USD 398.26 thousand at a CAGR of 42% between 2023 and 2028. The market is experiencing significant growth due to several key factors. companies are increasingly launching solid-state batteries to meet the demand for extended range and environmentally friendly rechargeable battery options. This trend is particularly relevant in the context of the growing popularity of electric vehicles (EVs) and the need for high-energy-density batteries. However, the market also faces challenges, including the lack of charging infrastructure for EVs and the need to improve supply chain efficiencies in the production of solid-state batteries, which are currently more complex than traditional lithium-ion batteries. Lithium polymer batteries, a type of solid-state battery, offer potential solutions with their solid electrodes and higher energy density. To remain competitive, market participants must focus on addressing these challenges and continuing to innovate in the development of solid-state batteries.

What will be the Size of the Market During the Forecast Period?

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The market is experiencing significant growth due to the increasing demand for high-performance, safe, and long-lasting energy storage solutions. These batteries offer several advantages over traditional lithium-ion batteries, including improved energy density, safety, and longevity. Solid electrolytes, a key component of solid-state batteries, enable faster charging times and increased safety features. The use of solid electrolytes eliminates the risk of thermal runaway, a common issue in lithium-ion batteries. Furthermore, solid-state batteries are more environmentally friendly as they do not contain liquid electrolytes, reducing the potential for leaks and environmental hazards.

Further, the electric vehicle (EV) adoption rate is on the rise, and the need for batteries with extended range and shorter charging times is becoming increasingly important. Solid-state batteries are expected to address these challenges, providing EV manufacturers with a competitive edge. The renewable energy(renewable energy market) sector is another major market for solid-state batteries. Energy storage systems are crucial for the integration of renewable energy sources into the power grid. Solid-state batteries offer the potential for greater energy density, enabling larger capacity energy storage systems and improving the overall efficiency of the grid. Government funding and venture capital investments are playing a significant role in the development of solid-state batteries.

Additionally, these investments are driving technological expertise and manufacturing capabilities, with several companies establishing pilot production lines. Consumer electronics are also expected to benefit from solid-state batteries due to their high-energy density and long-lasting nature. Thin-film batteries, a type of solid-state battery(battery market), are particularly suitable for use in consumer electronics due to their thin and flexible design. The transportation sector is another potential market for solid-state batteries. High-performance batteries are essential for electric buses, trains, and heavy-duty vehicles. Solid-state batteries offer the potential for increased energy density, longer range, and faster charging times, making them an attractive option for transportation applications.

In conclusion, regulatory support is crucial for the widespread adoption of solid-state batteries. Governments and regulatory bodies are recognizing the potential benefits of solid-state batteries and are providing incentives and guidelines to encourage their development and use. In conclusion, the market is poised for significant growth due to its potential to offer high-performance, safe, and long-lasting energy storage solutions. Applications in the EV, renewable energy, consumer electronics, and transportation sectors are expected to drive market growth. Investments in research and development, manufacturing capabilities, and regulatory support are crucial for the successful commercialization of solid-state batteries.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD thousand' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Polyethylene-oxide
  Lithium phosphorus oxy-nitride
  Sulfide glass


End-user

  Transportation
  Consumer electronics


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France
    Norway


  North America

    US


  South America



  Middle East and Africa

By Type Insights

The polyethylene-oxide segment is estimated to witness significant growth

BCC Research Market Analyst says global market for solid state batteries is estimated to increase from $274.0 million in 2023 to reach $1.7 billion by 2029, at a CAGR of 36.7%.

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North America Solid State Battery Market has valued at USD 716.03 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 14.37% through 2028.

Access Market Research Intellect's All Solid State Battery Market Report for insights on a market worth USD 1.5 billion in 2024, expanding to USD 10 billion by 2033, driven by a CAGR of 28.5%.Learn about growth opportunities, disruptive technologies, and leading market participants.

The size of the Solid-State Battery Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 15.00">> 15.00% during the forecast period. Recent developments include: Aug 2022: Ganfeng Lithium began the construction of a solid-state battery production facility. Once completed, the factory in Chongqing will offer annual capacities of 10 GWh each for the production of battery cells as well as battery packs., Jul 2022: The University of Houston developed an electrolyte that enables reversible sodium plating. The electrolyte is viable to produce sodium ion-based batteries commercially and on a larger scale. It enables reversible sodium plating and stripping at a greater current density.. Key drivers for this market are: 4., Increasing Amount of Waste Generation, Growing Concern for Waste Management to Meet the Needs for Sustainable Urban Living4.; Increasing Focus on Non-fossil Fuel Sources of Energy. Potential restraints include: 4., Expensive Nature of Incinerators. Notable trends are: Thin-Film Battery to Witness a Significant Growth.

The global energy storage solid-state battery market is poised for substantial growth, driven by the increasing demand for electric vehicles (EVs), grid-scale energy storage, and portable electronic devices. The market's expansion is fueled by several key factors, including the inherent advantages of solid-state batteries over their lithium-ion counterparts, such as improved safety, higher energy density, and faster charging capabilities. Technological advancements are continuously improving the performance and reducing the cost of solid-state batteries, making them increasingly competitive. The market is segmented by application (commercial and household) and type (all-solid-state and semi-solid-state), with all-solid-state batteries projected to dominate due to their superior performance characteristics. Major players like LG Energy Solution, QuantumScape, and others are investing heavily in research and development, fostering innovation and competition. While challenges remain, including high manufacturing costs and scaling up production, the long-term outlook for the solid-state battery market is exceptionally positive. Government support through subsidies and research grants is also accelerating market adoption, particularly in regions with ambitious renewable energy targets. The market's regional distribution reflects the global concentration of EV manufacturing and renewable energy infrastructure. North America and Asia-Pacific are currently leading the market, with significant growth potential in Europe and other regions. However, the market is characterized by significant regional variations, driven by factors such as government policies, infrastructure development, and consumer adoption rates. As the technology matures and production costs decrease, we anticipate a wider geographical distribution and increased penetration across various sectors. The forecast period of 2025-2033 indicates a period of rapid expansion, with the CAGR reflecting a significant acceleration in market value. The competitive landscape is dynamic, with established players and emerging startups vying for market share. This competition fuels innovation, leading to continuous improvements in battery technology and cost reductions. Successful market penetration will depend on factors such as securing supply chains, establishing strategic partnerships, and meeting stringent safety and performance requirements.

Stay Updated on Automotive Solid-State Battery Market from BIS Research Focuses on Region, key player, Total revenue, challenges, and growth opportunities.