Solid State Battery Market Size

Solid State Battery Market size was over USD 2.4 billion in 2024 and is likely to reach USD 126.56 billion by the end of 2037, witnessing around 35.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of solid state battery is assessed at USD 3.08 billion.

The market growth can be attributed to the rising focus on clean energy and higher integration of electric vehicles pushed by governments all across the globe. Governments all over the globe are enacting laws and regulations to cut carbon emissions and encourage the use of renewable energy sources, which is fostering an atmosphere that is conducive to the expansion of the solid state battery industry.

Moreover, the rising demand for renewable energy storage is anticipated to boost industry growth. These batteries have the capacity to store excess energy generated during times of high production and release it during emergencies.