Solid-state Battery Market to Reach $3.87 Billion and 7.7 GWh by 2029
Meticulous Research®, a renowned global market research firm, released a report indicating that the Solid-state Battery Market is projected to expand at a CAGR of 58% from 2022, aiming to reach $3.87 billion by 2029. Moreover, in terms of volume, this market is anticipated to grow at a CAGR of 72%, reaching 7.7 GWh by 2029. The global solid-state battery market is forecasted to expand at a CAGR of 58% from 2022, projected to reach $3.87 billion by 2029 . In terms of volume, the market is poised to grow at a CAGR of 72%, reaching 7.7 GWh by 2029 . This growth is propelled by factors such as the high energy density of solid-state batteries, faster charging rates compared to Li-ion batteries, and their perceived safety advantages. Additionally, increasing research and development (R&D) efforts for integrating solid-state batteries into electric vehicles (EVs) and rising investments in R&D for consumer electronics devices are expected to create lucrative growth opportunitie...