Solid Electrolyte Market
Solid Electrolyte Market Forecasts to 2030 - Global Analysis By Type (Composite Polymer Electrolyte (CPE), Solid Polymer Electrolyte (SPE), Inorganic Solid Electrolyte (ISE) and Other Types), Form, Distribution Channel, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $30.5BN |
|
Projected Year Value (2030) |
US $68.1 BN |
|
CAGR (2024 - 2030) |
14.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Solid Electrolyte Market is accounted for $30.5 million in 2024 and is expected to reach $68.1 million by 2030 growing at a CAGR of 14.3% during the forecast period. A solid electrolyte is a type of electrolyte material used in batteries and other electrochemical devices, where ions move through a solid phase rather than a liquid. It conducts ions while remaining electronically insulating, providing a safer, more stable alternative to liquid electrolytes. Solid electrolytes are crucial for the development of all-solid-state batteries, which offer higher energy density, improved safety, and longer lifespans.
Market Dynamics:
Driver:
Increasing demand for high energy density storage systems
The increasing demand for high energy density storage systems is driving significant growth in the market. Solid electrolytes enable the development of advanced all-solid-state batteries that offer superior energy density compared to traditional liquid electrolyte batteries. These batteries are ideal for applications requiring compact, high-performance energy storage solutions. As the push for more efficient and longer-lasting energy storage intensifies, solid electrolytes are emerging as a crucial component in meeting these evolving needs.
Restraint:
Lack of infrastructure for hydrogen generation
The lack of infrastructure for hydrogen generation negatively affects the market by restricting the widespread adoption of hydrogen fuel cells. Without adequate infrastructure for hydrogen production and distribution, the deployment of solid electrolyte-based technologies is hindered. This limitation results in slower market growth, reduced investment opportunities, and delayed advancements in energy storage solutions, ultimately impeding the transition to cleaner, more sustainable energy systems.
Opportunity:
Surging demand for high performance battery materials
Solid electrolytes, which have better conductivity and stability than their liquid counterparts, are becoming more and more preferred by businesses looking to improve battery efficiency, safety, and energy density. This trend is driven by the need for advanced energy storage solutions in electric vehicles, consumer electronics, and renewable energy systems. Consequently, the market for solid electrolytes is expanding rapidly, attracting investment and innovation to meet the evolving performance demands.
Threat:
Challenges in cost-effectiveness and scalability of production
High production costs and complex manufacturing processes make solid electrolytes more expensive than traditional alternatives, limiting their widespread adoption. These challenges also slow down scaling efforts, restricting the ability to meet increasing market demands. As a result, the high cost and limited production scalability impede the growth of solid electrolyte technologies, affecting their competitiveness and slowing progress in advancing energy storage solutions.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the market by disrupting supply chains, delaying production, and affecting research and development activities. Lockdowns and restrictions led to shortages of raw materials and delays in manufacturing processes. Additionally, the economic uncertainty reduced investment in new technologies and slowed the adoption of advanced energy storage solutions. Despite these challenges, the pandemic also accelerated interest in resilient and sustainable energy systems, potentially driving future growth in the solid electrolyte sector as recovery progresses.
The electric vehicle batteries segment is expected to be the largest during the forecast period
The electric vehicle batteries is expected to be the largest during the forecast period. Solid electrolytes enhance the performance and safety of EV batteries by offering higher energy density, improved thermal stability, and reduced risk of leakage or combustion. These attributes are crucial for advancing electric vehicles, which demand reliable and efficient energy storage solutions. As the EV market expands, the adoption of solid electrolytes in batteries is expected to increase, fostering innovation and driving market growth in this sector.
The consumer electronics segment is expected to have the highest CAGR during the forecast period
The consumer electronics segment is expected to have the highest CAGR during the forecast period. Solid electrolytes enhance battery safety, energy density, and longevity, making them ideal for powering next-generation consumer electronics such as smartphones, tablets, and wearables. The push for more compact and efficient devices drives the adoption of solid electrolyte technologies, promising longer battery life and improved performance. This trend positions solid electrolytes as a key component in advancing consumer electronics.
Region with largest share:
North America is projected to hold the largest market share during the forecast period driven by increasing demand for high-performance energy storage solutions. The region's focus on electric vehicles, renewable energy, and portable electronics is boosting the adoption of solid electrolytes, which offer enhanced safety, energy density, and longevity. Moreover, the region’s strong research and development infrastructure and significant investments in clean energy technologies are accelerating innovation and market expansion.
Region with highest CAGR:
Asia Pacific is projected to witness the highest CAGR over the forecast period driven by the rapid expansion of the electric vehicle (EV) sector and increasing investments in advanced battery technologies. The region's large population and rising demand for safer, high-performance batteries further propel the market, as solid electrolytes offer advantages like improved energy density and stability, making them ideal for next-generation energy storage solutions.
Key players in the market
Some of the key players in Solid Electrolyte market include Samsung SDI Co., Ltd., LG Chem Ltd., Panasonic Corporation, Toyota Motor Corporation, QuantumScape Corporation, Solid Power, Inc., Murata Manufacturing Co., Ltd., Kyocera Corporation, Ceramic Fuel Cells Limited, Toshiba Corporation, Nano One Materials Corp., 3M Company, Brightvolt, Inc., Enovix Corporation and Northvolt AB.
Key Developments:
In July 2024, Volkswagen Group’s battery company PowerCo and QuantumScape announced they have entered into a groundbreaking agreement to industrialize QuantumScape’s next-generation solid-state lithium-metal battery technology.
In April 2024, Factorial Inc. and LG Chem announced the signing of a memorandum of understanding (MOU) to accelerate the development of solid-state battery materials. The agreement aims to strengthen cooperation in the field of next-generation battery materials.
Types Covered:
• Composite Polymer Electrolyte (CPE)
• Solid Polymer Electrolyte (SPE)
• Inorganic Solid Electrolyte (ISE)
• Other Types
Forms Covered:
• Thin-Film
• Bulk
Distribution Channels Covered:
• Direct Sales
• Online Sales
• Retail Channels
Applications Covered:
• Electric Vehicle Batteries
• Energy Harvesting
• Medical Devices
• Wireless Sensors
• Other Applications
End Users Covered:
• Telecom
• Automotive
• Consumer Electronics
• Aerospace & Defense
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Solid Electrolyte Market, By Type
5.1 Introduction
5.2 Composite Polymer Electrolyte (CPE)
5.3 Solid Polymer Electrolyte (SPE)
5.4 Inorganic Solid Electrolyte (ISE)
5.5 Other Types
6 Global Solid Electrolyte Market, By Form
6.1 Introduction
6.2 Thin-Film
6.3 Bulk
7 Global Solid Electrolyte Market, By Distribution Channel
7.1 Introduction
7.2 Direct Sales
7.3 Online Sales
7.4 Retail Channels
8 Global Solid Electrolyte Market, By Application
8.1 Introduction
8.2 Electric Vehicle Batteries
8.3 Energy Harvesting
8.4 Medical Devices
8.5 Wireless Sensors
8.6 Other Applications
9 Global Solid Electrolyte Market, By End User
9.1 Introduction
9.2 Telecom
9.3 Automotive
9.4 Consumer Electronics
9.5 Aerospace & Defense
9.6 Other End Users
10 Global Solid Electrolyte Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Samsung SDI Co., Ltd.
12.2 LG Chem Ltd.
12.3 Panasonic Corporation
12.4 Toyota Motor Corporation
12.5 QuantumScape Corporation
12.6 Solid Power, Inc.
12.7 Murata Manufacturing Co., Ltd.
12.8 Kyocera Corporation
12.9 Ceramic Fuel Cells Limited
12.10 Toshiba Corporation
12.11 Nano One Materials Corp.
12.12 3M Company
12.13 Brightvolt, Inc.
12.14 Enovix Corporation
12.15 Northvolt AB
List of Tables
1 Global Solid Electrolyte Market Outlook, By Region (2022-2030) ($MN)
2 Global Solid Electrolyte Market Outlook, By Type (2022-2030) ($MN)
3 Global Solid Electrolyte Market Outlook, By Composite Polymer Electrolyte (CPE) (2022-2030) ($MN)
4 Global Solid Electrolyte Market Outlook, By Solid Polymer Electrolyte (SPE) (2022-2030) ($MN)
5 Global Solid Electrolyte Market Outlook, By Inorganic Solid Electrolyte (ISE) (2022-2030) ($MN)
6 Global Solid Electrolyte Market Outlook, By Other Types (2022-2030) ($MN)
7 Global Solid Electrolyte Market Outlook, By Form (2022-2030) ($MN)
8 Global Solid Electrolyte Market Outlook, By Thin-Film (2022-2030) ($MN)
9 Global Solid Electrolyte Market Outlook, By Bulk (2022-2030) ($MN)
10 Global Solid Electrolyte Market Outlook, By Distribution Channel (2022-2030) ($MN)
11 Global Solid Electrolyte Market Outlook, By Direct Sales (2022-2030) ($MN)
12 Global Solid Electrolyte Market Outlook, By Online Sales (2022-2030) ($MN)
13 Global Solid Electrolyte Market Outlook, By Retail Channels (2022-2030) ($MN)
14 Global Solid Electrolyte Market Outlook, By Application (2022-2030) ($MN)
15 Global Solid Electrolyte Market Outlook, By Electric Vehicle Batteries (2022-2030) ($MN)
16 Global Solid Electrolyte Market Outlook, By Energy Harvesting (2022-2030) ($MN)
17 Global Solid Electrolyte Market Outlook, By Medical Devices (2022-2030) ($MN)
18 Global Solid Electrolyte Market Outlook, By Wireless Sensors (2022-2030) ($MN)
19 Global Solid Electrolyte Market Outlook, By Other Applications (2022-2030) ($MN)
20 Global Solid Electrolyte Market Outlook, By End User (2022-2030) ($MN)
21 Global Solid Electrolyte Market Outlook, By Telecom (2022-2030) ($MN)
22 Global Solid Electrolyte Market Outlook, By Automotive (2022-2030) ($MN)
23 Global Solid Electrolyte Market Outlook, By Consumer Electronics (2022-2030) ($MN)
24 Global Solid Electrolyte Market Outlook, By Aerospace & Defense (2022-2030) ($MN)
25 Global Solid Electrolyte Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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