Solid State Battery Market Global Report 2026

The solid state battery market size has grown exponentially in recent years. It will grow from $1.26 billion in 2025 to $1.73 billion in 2026 at a compound annual growth rate (CAGR) of 37.7%. The growth in the historic period can be attributed to early research into solid electrolytes, growing demand for safer battery chemistries, increasing demand for portable electronics, advancements in thin-film deposition technologies, and initial commercialization efforts for solid-state cells.

The solid state battery market size is expected to see exponential growth in the next few years. It will grow to $5.88 billion in 2030 at a compound annual growth rate (CAGR) of 35.8%. The growth in the forecast period can be attributed to increasing demand for EV safety and performance, rising investment in next-generation battery materials, growth of wearable medical technology, expansion of grid storage solutions, and acceleration of mass manufacturing capabilities. Major trends in the forecast period include rising development of solid electrolyte materials, growing adoption of solid-state batteries in electric vehicles, increasing use of thin-film batteries in wearable and medical devices, expansion of high-energy-density battery research, and advancements in multi-cell solid-state battery architectures.

The rising adoption of electric vehicles is expected to drive the growth of the solid-state battery market in the coming years. While the economic impact of COVID-19 has dampened demand for petrol and diesel cars, demand for EVs has increased. Climate change concerns and ambitions to achieve net-zero emissions are driving the global transition toward emissions-free transportation. This transition toward EVs supports economic growth by shifting consumption away from imported oil and reducing fuel costs through a move toward more locally produced power. For instance, in April 2024, according to the International Energy Agency (IEA), a France-based intergovernmental organization, the number of new electric car registrations in China reached 8.1 million in 2023, representing a 35% increase compared to 2022. Therefore, the rising adoption of electric vehicles will drive the solid-state battery market.

Major companies operating in the solid-state battery market are focusing on product innovations and technologies, such as groundbreaking technology, to improve energy density, safety, and charging speeds, thereby enhancing overall battery performance and longevity. Groundbreaking technology refers to innovative advancements that significantly transform existing processes or create entirely new possibilities, often resulting in transformative changes across industries. For instance, in January 2024, Toyota, a Japanese-based automotive manufacturer, launched solid-state battery-powered vehicles. Solid-state batteries use solid electrolytes instead of liquid electrolytes, which helps enhance battery performance and safety.

In October 2025, Solid Power, Inc., a U.S.-based developer of all-solid-state battery (ASSB) technology for electric vehicles and energy storage applications, partnered with Samsung SDI Co., Ltd. and BMW Group to advance the development and commercialization of next-generation all-solid-state battery technology. Through this collaboration, Solid Power aims to utilize the manufacturing expertise and material innovation capabilities of its partners to accelerate the scaling and validation of its ASSB cells for automotive applications. Samsung SDI Co., Ltd. is a South Korea-based manufacturer of lithium-ion batteries and energy storage solutions for electric vehicles, IT devices, and industrial applications, while BMW Group is a Germany-based global automotive manufacturer recognized for producing premium cars and motorcycles with a focus on innovation, performance, and sustainability.

Major companies operating in the solid state battery market are TDK Corporation, Murata Manufacturing Co. Ltd., Ganfeng Lithium Group Co. Ltd, Qingdao Energy Development, ProLogium Technology Co. Ltd., Cymbet Corporation, STMicroelectronics, Brightvolt Inc., Solid Power Inc., Ilika, QpiVolta, NGK Insulators Ltd, Toyota, Panasonic, SK Innovation, HiNa Battery Technology Co. Ltd, Contemporary Amperex Technology Co. Limited, Great Wall Motors, Tianjin Lishen Battery Joint-Stock Co. Ltd., Basquevolt, BlueSolutions, Nawa Technologies, InoBat Auto, Samsung SDI, LG Chem, Quantumscope, Factorial energy, Electrovaya, Sakuu, Cuberg, SEEO, YPF Tecnologia (Y-TEC)

Asia-Pacific was the largest region in the solid state battery market in 2025. The regions covered in the solid state battery market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the solid state battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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