Solid-State Battery Market Projection, Technological Innovation And Emerging Trends 2030

Leeb5755525 Jan, 2023Business

The solid-state battery industry has garnered $61.3 million revenue in 2021, and it is expected to generate $775.2 million revenue in 2030, rising at a rate of 32.6% from 2021 to 2030. The growing adoption of electronic gadgets, rising road traction of electronic vehicles, and growing utility of energy storage systems and battery management propels the industry growth. Solid-state batteries provide support in combating the problems with batteries with liquid electrolytes, such as leakage or corrosion at the electrodes, which involve the usage of solid electrolytes with ionic conductivity to restrict the ohmic drop at electrodes. In this manner, the lithium-conducting chalcogenide glasses serve as excellent candidates with 10 to 100 times larger conductivity compared to their oxide counterparts. Several solid-state batteries consist of lithium-conducting chalcogenide glass or glass-ceramic with the development of solid electrolytes.

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