The Asia Pacific solid-state battery market is anticipated to experience robust growth, with a projected compound annual growth rate (CAGR) of 29.2% in value terms, reaching USD 924.3 million by 2029. Currently, many modern devices rely on liquid electrolyte batteries, known for their high-power density but also associated with risks like leakage and flammability. In response to these safety concerns, solid-state batteries have emerged as a viable alternative, although they exhibit lower ionic conductivity.
Despite this drawback, solid-state batteries are gaining momentum across industries such as consumer electronics and electric vehicles (EVs). The surge in the EV market, in particular, has created significant opportunities for solid-state batteries.
The market analysis segments the Asia Pacific solid-state battery market by battery type, including thin film battery, bulk batteries, and other types. In 2023, the thin film battery sector claimed the largest market share within the Asia Pacific solid-state battery industry.
The Asia Pacific solid-state battery market is segmented based on electrolyte type, including solid polymer, sulfide, oxide, and other types. Polymer electrolytes, which bridge the gap between liquid and fully solid electrolytes, exhibit similarities to liquid electrolytes but provide advantages such as cost-effectiveness and material flexibility. Projections suggest that the solid polymer segment is expected to grow at a compound annual growth rate (CAGR) of 28.2% from 2024 to 2029, indicating significant market expansion in this sector.
Key players shaping the competitive landscape of the solid-state battery market include Blue Electrolytes S.A., BrightVolt Inc., Contemporary Amperex Technology Co., Limited (CATL), BYD Company Limited, Ganfeng Lithium Group Co., Ltd., Hitachi Zosen Corporation, Ilika plc, ProLogium Technology Co., Ltd., Solid Power Inc., QuantumScape Corporation, QingTao (Kunshan) Energy Development Co., Ltd., SES AI Corporation, Jiawei Renewable Energy Co., Ltd., STMicroelectronics N.V., Factorial Inc., Ampcera Inc., Ionic Materials Inc., Ion Storage Systems, LLC, Beijing WeLion New Energy Technology Co., Ltd., PolyPlus Battery Company Inc., Ensurge Micropower ASA, 24M Technologies Inc., Toyota Motor Corporation, Panasonic Holdings Corporation, LG Chem Ltd., Samsung SDI Co., Ltd., SK Innovation Co., Ltd., Natron Inc., theion GmbH, Sakuu Corporation, StoreDot Ltd., FDK Corporation, Prieto Battery Inc., TDK Corporation, Taiyo Yuden Co., Ltd., Solvay S.A., and others.
This study aims to analyze the Asia Pacific market for various segments of solid-state battery, including:
Battery: Thin Film Battery, Bulk, and Other Batteries.
Electrolyte: Solid Polymer, Sulfide, Oxide, and Other Types.
End-User: Electric Vehicles, Electronic and Electrical, Energy Storage, Healthcare, and Other End-Users.
Region: China, Japan, India, South Korea, Taiwan, and Rest of Asia Pacific.
Table of Contents
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 4
Part 1. Key Findings 7
Part 2. Scope and Methodology 8
Report Scope 9
Battery 9
Electrolyte 9
End-User 9
Region 9
Research Methodology 10
Part 3. Solid-State Battery Market Overview 12
Summary 12
Introduction 14
Part 4. Market Dynamics 15
Growth Drivers 15
Restraints and Challenges 15
Opportunities 15
Future Trends 16
Part 5. Asia Pacific Solid-State Battery Market by Battery 18
Thin Film Battery 21
Bulk Battery 22
Other Batteries 23
Part 6. Asia Pacific Solid-State Battery Market by Electrolyte 24
Solid Polymer 27
Sulfide 28
Oxide 29
Other Types 30
Part 7. Asia Pacific Solid-State Battery Market by End-User 31
Electric Vehicles 35
Electronic and Electrical 36
Energy Storage 37
Healthcare 38
Other End-Users 39
Part 8. Asia Pacific Solid-State Battery Market 40
Asia Pacific Solid-State Battery Market Size 40
Asia Pacific Solid-State Battery Market by Region 42
China 45
Japan 46
India 48
South Korea 50
Taiwan 52
Rest of Asia Pacific 54
Part 9. Solid-State Battery Market Competitive Analysis 56
Global Solid-State Battery Market Competition Overview 56
Blue Solutions S.A. 58
Business Overview 58
Contact Information 58
Contemporary Amperex Technology Co., Limited (CATL) 59
Business Overview 59
Contact Information 61
BYD Company Limited 62
Business Overview 62
Contact Information 64
Ganfeng Lithium Group Co., Ltd. 65
Business Overview 65
Contact Information 67
Hitachi Zosen Corporation 68
Business Overview 68
Contact Information 70
Ilika plc 71
Business Overview 71
Contact Information 72
ProLogium Technology Co., Ltd. 73
Business Overview 73
Contact Information 73
Solid Power Inc. 74
Business Overview 74
Contact Information 75
STMicroelectronics N.V. 76
Business Overview 76
Contact Information 79
Other Leading Competitors 80
Disclaimer 81
FIGURES AND TABLES
Asia Pacific Solid-State Battery Market, Net Growth, 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market by Battery, 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market Share (%), by Battery, 2023/2029
Asia Pacific Solid-State Battery Market by Battery, CAGR Historic and Forecast, 2020-2029
Asia Pacific Solid-State Battery Market for Thin Film Battery: 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market for Bulk Battery Type: 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market for Other Type Batteries: 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market by Electrolyte, 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market Share (%), by Electrolyte, 2023/2029
Asia Pacific Solid-State Battery Market by Electrolyte, CAGR Historic and Forecast, 2020-2029
Asia Pacific Solid-State Battery Market for Solid Polymer Electrolyte: 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market for Sulfide Electrolyte: 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market for Oxide Electrolyte: 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market for Other Types Electrolyte: 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market by End-User, 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market Share (%), by End-User, 2023/2029
Asia Pacific Solid-State Battery Market by End-User, CAGR Historic and Forecast, 2020-2029
Asia Pacific Solid-State Battery Market for Electric Vehicles: 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market for Electronic and Electrical: 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market for Energy Storage: 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market for Healthcare: 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market for Other End-Users: 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market, Net Growth, 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market by Country, 2020-2029 (USD Million)
Asia Pacific Solid-State Battery Market Share (%), by Country, 2023/2029
Asia Pacific Solid-State Battery Market by Country, CAGR Historic and Forecast, 2020-2029
China Solid-State Battery Market, Net Growth, 2020-2029 (USD Million)
Japan Solid-State Battery Market, Net Growth, 2020-2029 (USD Million)
India Solid-State Battery Market, Net Growth, 2020-2029 (USD Million)
South Korea Solid-State Battery Market, Net Growth, 2020-2029 (USD Million)
Taiwan Solid-State Battery Market, Net Growth, 2020-2029 (USD Million)
Rest of Asia Pacific Solid-State Battery Market, Net Growth, 2020-2029 (USD Million)
Global Solid-State Battery Market Share, by Top Players, 2023
Contemporary Amperex Technology Co., Limited (CATL) Financial Overview (CNY Million), 2019-2023
Contemporary Amperex Technology Co., Limited (CATL) Revenue, by Segment, 2023
Contemporary Amperex Technology Co., Limited (CATL) Revenue, by Product, 2023
Contemporary Amperex Technology Co., Limited (CATL) Revenue, by Region, 2023
BYD Company Limited Financial Overview (CNY Million), 2019-2023
BYD Company Limited Revenue, by Segment, 2023
BYD Company Limited Revenue, by Region, 2023
Ganfeng Lithium Group Co., Ltd. Financial Overview (CNY Million), 2019-2023
Ganfeng Lithium Group Co., Ltd. Revenue, by Segment, 2023
Ganfeng Lithium Group Co., Ltd. Revenue, by Types of Goods or Services, 2023
Ganfeng Lithium Group Co., Ltd. Revenue, by Region, 2023
Hitachi Zosen Corporation Financial Overview (JPY Million), 2019-2023
Hitachi Zosen Corporation Revenue, by Segment, 2023
Hitachi Zosen Corporation Revenue, by Region, 2023
Ilika plc Financial Overview (GBP Thousand), 2019-2023
Solid Power Inc. Financial Overview (USD Thousands), 2020-2023
STMicroelectronics N.V. Financial Overview (EUR Million), 2019-2023
STMicroelectronics N.V. Revenue, by Segment, 2023
STMicroelectronics N.V. Revenue, by Nature, 2023
STMicroelectronics N.V. Revenue, by Market Channel, 2023
STMicroelectronics N.V. Revenue, by Region, 2023