Zion Market Research Global Solid State Battery Market, 2016–2024 | Page 4

Solid State Battery Market
Global Solid State Battery Market: Regional Analysis
Asia Pacific dominates the solid state battery market owing to the presence of a large number of
manufacturers and smartphone users. They are gaining popularity globally owing to its wide usage in
smartphone and sensor industry. Prominent players in the Asia-Pacific region are increasingly
investing in the technology for improved performance and efficient designs. China and South Korea
are emerging as major manufacturing hubs for solid state battery. Major technological innovators are
shifting their manufacturing base in these regions for better growth prospects thus boosting the global
solid state battery market in the near future. North America is also a major consumer and producer of
solid state batteries owing to the abundant availability of raw materials and increasing disposal
incomes. Europe is substantially investing in the development of more efficient solid state batteries
thus positively impacting the global solid state battery market growth.
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Global Solid State Battery Market: Competitive Players
Some of the major players in the global solid state battery market are Solid Power, Inc., Ilika Plc.,
Cymbet Corporation and Excellatron Solid State, LLC.