United States Solid State Battery Market Research Report - Information By Component (Cathode, Anode, Solid Electrolytes and Others), By Type (Single-cell and Multi-cell), By Battery Type (Primary and Secondary) By Capacity (Below 20 mAh, 20 mAh--500 mAh and Above 500 mAh), By Application (Consumer Electronics, Electric Vehicles, Medical Devices, Energy Harvesting, Wireless Sensors, Packaging and Others), – United States Market Forecast Till 2032

United States Solid State Battery Market Overview:

United States Solid State Battery Market Size was valued at USD 0.03 Billion in 2022. The Solid State Battery market industry is projected to grow from USD 0.04 Billion in 2023 to USD 0.85 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 45.00% during the forecast period (2024 - 2032). Growing consumer demand for small, lightweight electronics and growing need for batteries with high energy density are the main market drivers anticipated to propel the Solid State Battery market in the United States.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

United States Solid State Battery Market Trends

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  Increasing adoption of electric vehicles (EVs) drives market growth.

  
  

The market CAGR for solid state batteries in the United States is expected to increase significantly, mostly due to the growing popularity of electric vehicles (EVs). Solid state batteries can improve electric vehicle performance. With their increased energy density, they can drive farther between charges. The increased performance of EVs may pique consumers' curiosity and accelerate their uptake. Solid state batteries are considered safer than conventional lithium-ion batteries, particularly in harsh circumstances. This safety feature is essential for automotive applications since it addresses battery fire concerns and guarantees a better safety standard for electric vehicles. Compared to conventional batteries, solid state batteries can charge more quickly. One of the main issues surrounding EV adoption is resolved by faster charging periods, which increase the practicality and consumer attractiveness of electric vehicles. Compared to conventional lithium-ion batteries, solid state batteries frequently have longer lifespans. Because owners can anticipate fewer battery changes throughout their vehicles' lifetime, this longevity adds to the overall cost-effectiveness of electric vehicles.

Additionally, solid state batteries provide higher energy density than conventional lithium-ion batteries. This implies that consumers will be happier with electronics like wearables, computers, and smartphones that perform better and have longer battery life. Consumer electronics can be made slimmer and lighter using solid-state batteries, which can be developed in smaller, more compact form factors. Customers who like sleek appearance and device portability will find this very enticing. Consumer electronics safety is a major problem, particularly for those that users carry near to their bodies. Better safety characteristics, such as a lower chance of overheating, fire, or explosion, are well-known for solid state batteries and can be a big draw for customers. Thus driving the Solid State Battery market revenue.

United States Solid State Battery Market Segment Insights:

Solid State Battery Component Insights

Based on Components, the United States Solid State Battery market segmentation includes cathode, anode, solid electrolytes, and others. The solid electrolytes segment mostly dominated the market. Solid electrolytes are recognized for increasing battery safety, especially compared to the liquid electrolytes found in conventional lithium-ion batteries. As the adoption of solid state batteries becomes increasingly dependent on safety concerns, there may be a rise in the need for solid electrolytes.

The cathode category is anticipated to be the fastest growing. Solid-state batteries' energy density and general performance largely depend on the cathode materials used. Cathode materials with excellent electrochemical properties may increase demand as the market pushes for increased energy density and efficiency.

Solid State Battery Type Insights

Based on Type, the United States Solid State Battery market segmentation includes single-cell and multi-cell. The multi-cell category earned the greatest revenue. Solid state batteries can store renewable energy and offer a steady power source in grid energy storage systems. However, multi-cell topologies are essential. The energy storage system's overall capacity and efficiency are improved by connecting several cells in series or parallel.

The solid-state battery single-cell segment market is anticipated to grow the fastest during the forecast period. Consumer electronics, including computers, smartwatches, smartphones, and other portable devices, may use single-cell solid-state batteries. Single cells are appropriate for these applications because of their smaller size and higher energy density.

Solid State Battery Battery Type Insights

Based on Battery Type, the United States Solid State Battery market segmentation includes primary and secondary. The secondary category has the largest market share. Because the entire electric vehicle system depends on the battery's charging capability, secondary batteries are the most suitable for use in these vehicles. Electric vehicles could benefit greatly from secondary solid state batteries due to their high energy density and charging capabilities.

The primary category is expected to have the quickest rate. Medical devices, including glucose monitors, hearing aids, and other portable health devices, use primary batteries, particularly lithium coin cells. Alkaline and lithium batteries are frequently utilized in smoke alarms and carbon monoxide detectors for dependable, long-lasting power.

Solid State Battery Capacity Insights

Based on Capacity, the United States Solid State Battery market segmentation includes Below 20 mAh, 20 mAh--500 mAh, and Above 500 mAh. The Above 500 mAh category has the largest market share. Solid state batteries above 500 mAh are made for items and gadgets that need a lot of energy and have a long shelf life. These batteries are intended for energy harvesting and electric vehicles, among other applications. High power sources are needed for the use cases to enhance their functionality and harmonize with product designs. These powerful batteries are perfect for electric cars since they can run on a single charge for extended periods. However, these batteries are still developing and should be commercialized by a few major market participants in the next three to five years. In the coming years, the market for solid state batteries with a capacity range of more than 500 mAh is anticipated to be driven by growth in the electric vehicle industry.

The 20mAh-500mAh category is expected to have the quickest rate. Smartwatches and other IoT devices, among many other things, are powered by this category of batteries. This segment's expanding, and broad application scope will drive the market in the coming years. Solid state batteries between 20 and 500 mAh can power various electronic devices, such as wearables, medical patches, and miniature wireless sensors.

Figure 1: United States Solid State Battery Market, by Capacity, 2023 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Solid State Battery Application Insights

Based on Application, the United States Solid State Battery market segmentation includes consumer electronics, electric vehicles, medical devices, energy harvesting, wireless sensors, packaging, and others. The consumer electronics category has the largest market share. Rapid urbanization and rising disposable incomes are expected to contribute to a rise in purchasing electronic devices like computers and mobile phones. This trend is anticipated to assist in the segment expansion during the predicted period.

The fastest growth is anticipated for the electric vehicles category due to the growing adoption of clean energy-powered automobiles in the world's main economies. Battery technology developments and supportive laws that encourage the use of electric vehicles are predicted to accelerate the segment's growth.

Solid State Battery Country Insights

The solid state battery market in the United States is currently the largest and is expected to grow quickly throughout the forecast period. Solid-state battery demand is anticipated to increase in the coming years due to a strong manufacturing base and the US's rapidly expanding electric vehicle production. Due to the rising sales of consumer electronics and electric vehicles in the US, moderate market growth is anticipated over the projection period.

United States Solid State Battery Key Market Players & Competitive Insights

The market for Solid State Battery systems is anticipated to expand further due to large industry players investing heavily in R&D to expand their product lines. In tandem with these significant developments in the market, industry players undertake diverse tactical initiatives to expand their market penetration. These activities include new component types, contracts, mergers and acquisitions, higher investments, and collaboration with other companies. It must offer reasonably priced products for the Solid State Battery industry to expand and prosper in a more competitive and dynamic market.

Major United States Solid State Battery market players are attempting to increase market demand by investing in research and development operations, including Blue Solutions, Ilika, Solid Power, QuantumScape, BrightVolt, Excellatron, Sakuu Corporation, Hitachi Zosen Corporation, and ProLogium Technology Co., Ltd.

Key Companies in the United States Solid State Battery market include

• Blue Solutions


• Ilika


• Solid Power


• QuantumScape


• BrightVolt


• Excellatron


• Sakuu Corporation


• Hitachi Zosen Corporation


• ProLogium Technology Co., Ltd.

Solid State Battery Industry Developments

May 2023:Li-Metal Cypress Battery Cell Chemistry was introduced by Sakuu Corporation for manufacturing license. Furthermore, with an emphasis on safety, this Li-Metal chemistry can provide high-power and high-energy densities.

December 2022:Solid Power announced its collaboration with the BMW Group. Solid Power, Inc. has granted the BMW Group an R&D license for Solid Power's all-solid-state cell design and manufacturing know-how under the terms of this cooperation agreement.

United States Solid State Battery Market Segmentation:

Solid State Battery Component Outlook

• Cathode


• Anode


• Solid Electrolytes


• Others

Solid State Battery Type Outlook

• Single-cell


• Multi-cell

Solid State Battery Battery Type Outlook

• Primary


• Secondary

Solid State Battery Capacity Outlook

• Below 20 mAh


• 20 mAh--500 mAh


• Above 500 mAh

Solid State Battery Application Outlook

• Consumer Electronics


• Electric Vehicles


• Medical Devices


• Energy Harvesting


• Wireless Sensors


• Packaging


• Others