The internal combustion engine's era will unfortunately, but unavoidably, come to an end in many of our lifetimes. Hybrid and electric vehicles are rapidly becoming more affordable and advanced, implying that batteries are rapidly replacing fossil fuels. As a result, battery technology has advanced at a breakneck pace, with the primary aims of increasing capacity, charging times, and safety. The introduction of solid-state batteries, which promise to push the limits of conventional lithium-ion batteries, is one key achievement in this subject.
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Market Analysis: The solid-state battery market is surging, now valued at about USD 1.63 billion in mid-2025. It's projected to hit USD 19.4 billion - USD 33.38 billion by 2034, with a huge CAGR of 33.1% to 36.0%+. This boom is largely due to electric vehicles (EVs) needing better range, faster charging, and safer batteries. Other drivers include shrinking consumer devices, massive R&D investment, and improved safety. Many companies are already setting up pilot production, aiming for EV integration by 2026-2027. For more details: https://advanced-chemistry.peersalleyconferences.com/tracks/solid-state-batteries
Key Market Players: QuantumScape (USA) / Solid Power (USA) / ProLogium Technology (Taiwan) / Factorial Energy (USA) / SES AI Corporation (USA) / Ilika (UK) / Blue Solutions (France) / Ampcera Inc. (USA) / BrightVolt (USA) / Sakuu (USA) / WeLion (China) / Qingtao Energy (China) / Samsung SDI Co., Ltd. (South Korea) / LG Energy Solution (South Korea) / Panasonic Energy (Japan) / CATL (Contemporary Amperex Technology Co., Limited) (China)
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