The global solid state battery market size was valued at USD 1.18 billion in 2024 and is expected to grow at a CAGR of 56.6% from 2025 to 2030. This growth is attributed to the increasing demand for electric vehicles (EVs) is a primary catalyst, as these batteries offer higher energy density and safety compared to traditional lithium-ion options. In addition, the growing integration of renewable energy storage solutions and advancements in solid-state technology are enhancing performance and longevity. Furthermore, government incentives promoting clean energy and sustainable transportation also support market growth, positioning solid-state batteries as a vital component in the transition to greener technologies.
A solid-state battery utilizes solid electrodes and a solid electrolyte, distinguishing it from traditional lithium-ion batteries that rely on liquid or gel electrolytes. This innovative technology is gaining traction due to several influential factors. The surging demand for electric vehicles (EVs) is a primary driver, as these batteries provide enhanced energy density and longevity, essential for improving EV performance and range.
In addition, the incorporation of renewable energy sources in the power grid requires effective energy storage solutions. Solid-state batteries are well-suited for this role, offering higher energy density and longer life cycles, making them ideal for managing the variability of renewable energy generation. Their ability to balance supply and demand enhances their appeal for renewable energy projects.
There is an increasing emphasis on energy storage solutions to maintain grid stability and reliability. Solid-state batteries are particularly attractive for utility-scale storage and microgrid applications due to their capacity to store significant amounts of energy safely and efficiently. As the global energy landscape shifts towards decentralization and renewable sources, solid-state batteries play a crucial role in bolstering grid resilience.
Furthermore, opportunities also abound in emerging markets such as smart devices and wearables, where compact and lightweight power sources are essential. The healthcare sector is witnessing a rise in demand for advanced medical devices powered by solid-state batteries, which offer reliability and safety. Moreover, aerospace and defense industries require high-performance energy storage solutions, making solid-state batteries an ideal fit due to their superior safety and efficiency.
The thin film battery segment dominated the global solid-state battery industry and accounted for the largest revenue share of 89.8% in 2024, primarily driven by its compact size, lightweight nature, and high energy density. These batteries are increasingly utilized in various applications, including IoT devices, wearables, and medical equipment, due to their efficiency and minimal environmental impact. In addition, the rising demand for innovative electronic solutions and advancements in battery technology further enhance their appeal, positioning thin film batteries for significant market expansion over the forecast period.
The portable battery is expected to grow at a CAGR of 53.9% over the forecast period, owing to the increasing reliance on consumer electronics and the need for efficient energy storage solutions. In addition, solid-state batteries offer advantages such as lower maintenance requirements and higher energy densities compared to traditional batteries. Furthermore, as portable devices continue to proliferate, solid-state technology is becoming essential for delivering reliable power in smartphones, laptops, and other mobile gadgets.
The 20mAh-500mAh capacity segment led the market and held the largest revenue share of 62.6% in 2024. This growth is attributed to the increasing demand for compact energy solutions in consumer electronics and portable devices. In addition, these batteries provide a balance of size and power, making them ideal for smartphones, wearables, and IoT applications. Moreover, their enhanced safety features and longer lifespan compared to traditional batteries further boost their appeal, leading to greater adoption in various high-tech applications.
Below 20mAh capacity segment is expected to grow at the fastest CAGR of 62.7% from 2025 to 2030, owing to the rising use of solid-state batteries in niche applications such as medical devices, RFID tags, and small sensors. In addition, these batteries are favored for their lightweight design and reliability, which are crucial in devices requiring long-lasting power without frequent replacements. Furthermore, as technology advances and miniaturization continues, the need for efficient, small-scale energy storage solutions is expected to drive significant growth in this segment.
The consumer and portable electronics segment held the dominant position in the global solid-state battery industry with the highest revenue share of 32.9% in 2024, driven by the increasing demand for compact, efficient energy solutions in devices such as smartphones, wearables, and IoT gadgets. In addition, solid-state batteries offer improved safety and higher energy density compared to traditional lithium-ion batteries, making them ideal for powering these devices. Furthermore, with the constant technological advancements to enhance performance and miniaturization, the adoption of solid-state batteries in consumer electronics is expected to rise significantly.
The electric vehicles are expected to grow at a CAGR of 64.2% over the forecast period, owing to the rising need for sustainable transportation solutions and government initiatives aimed at reducing carbon emissions. Furthermore, as automakers increasingly prioritize advanced battery technologies to meet consumer expectations and regulatory standards, the demand for solid-state batteries in electric vehicles is anticipated to grow rapidly over the forecast period.
The Asia Pacific solid state battery market dominated the global market and accounted for the largest revenue share of 54.0% in 2024, primarily driven by the robust demand for electric vehicles (EVs) and portable electronics in the region, as consumers increasingly seek advanced energy storage solutions that offer higher energy density and improved safety. Furthermore, strong government support for renewable energy initiatives and technological advancements in battery manufacturing are fostering innovation. Moreover, countries such as Japan and South Korea are leading in research and development, attracting substantial investments, which further propels the market forward.
The China solid state battery market led the Asia Pacific market and accounted for the largest revenue share in 2024, driven by the country's aggressive push towards electric vehicle adoption and sustainable energy solutions. In addition, the Chinese government has implemented various incentives to promote EV usage, creating a favorable environment for solid-state battery development. Furthermore, the growing consumer electronics sector demands high-performance batteries for smartphones and wearables, driving further investment in solid-state technology.
North America solid state battery market is expected to grow at a CAGR of 55.6% over the forecast period, owing to the increasing investments in clean energy technologies and electric vehicles. In addition, the region's focus on reducing carbon emissions has led to heightened demand for advanced battery solutions that enhance EV performance and safety. Furthermore, major automotive manufacturers are actively exploring solid-state technology to improve vehicle range and charging times. Moreover, ongoing research alliances between industry players and academic institutions are fostering innovation, positioning North America as a key player in the global solid state battery industry landscape.
The U.S.solid state battery market dominated the North American market and held the significant share in 2024, due to a combination of government policies promoting clean energy and significant advancements in battery technology. The U.S. Department of Energy has prioritized research into next-generation batteries, including solid-state solutions, to enhance energy storage capabilities. Furthermore, the expanding electric vehicle market is driving demand for safer and more efficient batteries. As manufacturers invest in solid-state technology, the U.S. is poised to become a leader in this evolving sector.
Europe solid state battery market is expected to grow rapidly, primarily due to stringent environmental regulations and a strong commitment to sustainability. In addition, the European Union's Green Deal aims to reduce greenhouse gas emissions significantly, which has spurred interest in electric vehicles and renewable energy storage solutions. Furthermore, collaborations among industry stakeholders are accelerating research efforts, positioning Europe as a key region for solid-state battery innovation.
The growth in Germany solid state battery market is expected to be driven by its strong automotive industry and commitment to technological advancement. In addition, German manufacturers are at the forefront of developing high-performance batteries that meet the demands of electric vehicles while adhering to strict environmental standards. Furthermore, as demand for sustainable energy solutions continues to rise, Germany's investment in solid-state batteries will likely increase significantly.
Key players in the global solid-state battery industry include Altairnano, Cymbet, Hitachi Zosen Corporation, and others. These companies are implementing several notebale strategies to improve their competitive edge. These include forming strategic alliances and collaborations with automakers and technology firms to accelerate development and commercialization. In addition, companies are investing heavily in research and development to innovate battery technologies, improve manufacturing processes, and reduce costs. Furthermore, emphasizing sustainability, many players are also focusing on integrating solid state batteries with renewable energy systems, thereby expanding their application across multiple sectors.
Johnson Energy Storage, Inc. specializes in manufacturing all-solid-state batteries that utilize a solid glass electrolyte instead of traditional liquid electrolytes. This innovative approach enhances safety, energy density, and manufacturing efficiency. Operating primarily in the energy storage segment, the company aims to revolutionize battery solutions for electric vehicles and renewable energy applications.
BrightVolt Solid State Batteries manufactures solid-state batteries characterized by their high energy density, safety, and longevity. Operating within the battery technology segment, the company focuses on delivering reliable energy storage solutions that meet the increasing demand for efficient power sources.
The following are the leading companies in the solid state battery market. These companies collectively hold the largest market share and dictate industry trends.
In April 2024, LG Chem and Factorial Inc. signed a MOU to advance the development of solid-state battery materials for electric vehicles. This collaboration aims to leverage LG Chem's expertise in battery materials alongside Factorial's innovative solid-state technology. Both companies seek to enhance their competitive edge in the evolving battery landscape, with an emphasis on safety, efficiency, and performance. Factorial's proprietary FEST technology promises significant improvements in driving range and charging times for future electric vehicles.
In January 2024, Hitachi Zosen Corporation announced a significant milestone in the development of AS-LiB, its all-solid-state lithium-ion battery. The company received its first commercial order for 12 units from a semiconductor manufacturing equipment manufacturer. Furthermore, the Space AS-LiB successfully completed a year-long demonstration in space, returning on December 23, 2023, and earning a Certificate of Space Flight from JAXA, showcasing its potential for future applications.
Report Attribute |
Details |
Market size value in 2025 |
USD 1.60 billion |
Revenue forecast in 2030 |
USD 15.07 billion |
Growth Rate |
CAGR of 56.6% from 2025 to 2030 |
Base year for estimation |
2024 |
Historical data |
2018 - 2023 |
Forecast period |
2025 - 2030 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2025 to 2030 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Battery type, capacity, application, region. |
Regional scope |
North America, Asia Pacific, Europe, Latin America, Middle East and Africa. |
Country scope |
U.S., Canada, Mexico, Germany, Russia, UK, Spain, Italy, France, China, Japan, South Korea, India, Australia, Brazil, Colombia, Paraguay, Saudi Arabia, UAE, South Africa, and Egypt |
Key companies profiled |
Altairnano; Beijing Weilan New Energy Technology Co., Ltd.; BrightVolt Solid State Batteries; Cymbet; Hitachi Zosen Corporation; Ilika Ltd.; Ion Storage Systems; ITEN; Johnson Energy Storage, Inc.; Prieto Battery Inc; QuantumScape Corporation; Samsung SDI Co., Ltd.; Solid Power; STMicroelectronics; Toyota |
Customization scope |
Free report customization (equivalent to 8 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each sub-segment from 2018 to 2030. For this study, Grand View Research has segmented the global solid state battery market report based on battery type, capacity, application, and region.
Battery Type Outlook (Revenue, USD Million, 2018 - 2030)
Thin Film Battery
Portable Battery
Capacity Outlook (Revenue, USD Million, 2018 - 2030)
Below 20mAh
20mAh-500mAh
Above 500mAh
Application Outlook (Revenue, USD Million, 2018 - 2030)
Consumer & Portable Electronics
Electric Vehicles
Energy Harvesting
Wearable & Medical Devices
Others
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
Russia
UK
Spain
Italy
France
Asia Pacific
China
Japan
South Korea
India
Australia
Latin America
Brazil
Colombia
Paraguay
Middle East and Africa
Saudi Arabia
UAE
South Africa
Egypt
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