Solid-State Battery Market Growth2021: Global Projection, Developments Status, Analysis, Trend and Forecasts
The global solid-state battery market is making quite a stride. The solid-state battery market growth attributes to rising usages of solid-state batteries in applications such as radio-frequency identification (RFID), wearable devices, electric vehicles, pacemakers, and other consumer electronics. Moreover, increasing demand for electronic devices and electric vehicles escalate market growth. According to Market Research Future (MRFR), the global solid-state battery market is expected to reach USD 62.5 MN by 2025, registering a momentous 48.02% CAGR throughout the review period (2019-2025). Growing R&D activities and investments by major companies increase the size of the market. Solid-state battery potentially has more energy density than regular Li-ion cells and significantly reduced battery pack sizes while keeping a similar drivable range of a traditional lithium-ion battery pack. This could result in a scenario where solid-state batteries would have the maximum footprin