Press Release

Portable Battery Type in North America Solid State Battery Market to Witness Robust CAGR During Forecast Period

Shifting trends toward adopting sustainable solutions for power generation is expected to drive the growth of North America solid state battery market

According to TechSci Research report, North America Solid State Battery Market By Type, By Capacity, By Application, Forecast & Opportunities, 2024, the North America solid state battery market is expected to grow at a steady CAGR during the forecast period owing to the growing need for solid state batteries in electric vehicles. Additionally, increasing investments in the market by industry giants such as Samsung, Hyundai, among others is further expected to boost the North America solid state battery market over the coming years. However, complex manufacturing process and high cost of solid-state battery can hamper the growth of the market during forecast period.

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The North America solid state battery market is segmented based on type, capacity, application, company and country. Based on type, the market can be grouped into thin film, portable and bulk. The portable battery type is expected to register significant CAGR during the forecast period owing to the rise in demand for tablets, laptops, smartphones, among others which has increased the demand for solid state battery in portable electronics. Based on application, the market can be segmented into consumer & portable electronics, electric vehicle, energy harvesting, wearable & medical devices and others. The consumer & portable electronics segment is expected to dominate the market during forecast period attributable to the increasing disposable income of consumers along with their inclination towards smart portable devices.

Cymbet Corporation, Seeo Inc., Toyota Motor Corporation, Sakti3 Inc., BrightVolt Inc., Excellatron Solid State LLC, Infinite Power Solutions, Inc., Planar Energy Devices Inc., Altair Nanotechnologies Inc., Solid Power Inc. and others are some of the leading players operating in North America solid state battery market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“The solid state battery market in North America is expected to witness exponential growth during the forecast period on account of the growing demand for batteries from various sectors such as smart cards, electric vehicle, among others in the region. Additionally, U.S. is among the leading countries to adopt solid state batteries in various applications, which is expected to further spur the market through 2024.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

North America Solid State Battery Market By Type, By Capacity, By Application, Forecast & Opportunities, 2024 has evaluated the future growth potential of North America solid state battery market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in North America solid state battery market.

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