Solid State Battery Market Share

North America Market Forecasts

The solid state battery market in North America is expected to exceed 34% by the end of 2037. The growth can be attributed to the rising demand for wearable devices in the region, followed by the surging disposable income of the population.

Europe Market Forecast

Europe region's solid state battery sector is expected to reach more than 30% market share between the time period 2023-2037. This is due to the increasing focus on reducing CO2 emissions and accelerating the transition to electric vehicles. The European Union has set a goal of becoming climate neutral by 2050. This has led to increased investment in energy storage technologies such as renewable energy, and all-solid-state batteries.