Zion Market Research Global Solid State Battery Market, 2016–2024 | Página 3

Solid State Battery Market
Global Solid State Battery Market: Growth Factors
Demand for consumer electronics and efficient batteries are escalating which is driving the solid state
batteries market. Solid state batteries are considered as safety devices as compared to the
conventional batteries since the flammable liquid electrolyte is not used in these batteries.
Automobile companies are significantly investing in the manufacturing of solid state batteries in
electric vehicles thus contributing to the growth of the global market. Telecom industry is major end-
user of solid-state batteries, which is expected to further growth due to developments in wireless
technologies. The emergence of economical solid state batteries for a wide range of applications
positively impacts the global solid state battery market growth. However, the price of the solid-state
battery is high as compared to conventional batteries thus hampering the growth of the global market.
Global Solid State Battery Market: Segmentation
The global solid state battery market is fragmented into its type as Li-ion, lead acid, Li-Metal, NiCd
and NiMH. Geographically, the global market is segmented into North America, Europe, Asia-
Pacific, Latin America, and the Middle East & Africa.
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