Solid State Battery Market Report 2026

The solid state battery market size has grown exponentially in recent years. It will grow from $1.12 billion in 2025 to $1.6 billion in 2026 at a compound annual growth rate (CAGR) of 42.5%. The growth in the historic period can be attributed to early research into solid electrolytes, growing need for safer battery chemistries, rise in portable electronics demand, advancements in thin film deposition technologies, initial commercialization efforts of solid-state cells.

The solid state battery market size is expected to see exponential growth in the next few years. It will grow to $6.24 billion in 2030 at a compound annual growth rate (CAGR) of 40.6%. 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, 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, advancements in multi-cell solid-state battery architectures.

The upward trajectory of electric vehicle (EV) adoption is poised to be a catalyst for the expansion of the solid-state battery market. While the economic repercussions of COVID-19 have subdued the demand for traditional petrol and diesel cars, the surge in EV demand has been noticeable. This shift is primarily fueled by escalating concerns about climate change and the collective ambition to achieve net-zero emissions, steering the global automotive landscape toward emission-free driving. The transition to EVs not only contributes to environmental goals but also fosters economic growth by redirecting consumption away from imported oil, thereby reducing fuel costs and embracing more locally generated power sources. For example, in April 2024, the International Energy Agency (IEA), a France-based intergovernmental organization, reported that new electric car registrations in China reached 8.1 million in 2023, marking a 35% increase compared to 2022. Consequently, the increasing adoption of electric vehicles is expected to act as a significant impetus propelling the solid-state battery market forward.

Major companies in the solid-state battery market are concentrating on product innovations and technologies, such as groundbreaking advancements to improve energy density, safety, and charging speeds, ultimately enhancing overall battery performance and longevity. Groundbreaking technology refers to innovative developments that significantly transform existing processes or create entirely new opportunities, often resulting in revolutionary changes across various industries. For example, in January 2024, Toyota, a Japanese automotive manufacturer, introduced vehicles powered by solid-state batteries. These batteries use solid electrolytes instead of liquid ones, leading to improved 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 ASSB technology. Through this collaboration, Solid Power aims to leverage 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)

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on lithium, rare earth elements, and advanced ceramic materials have increased costs for solid-state battery development, particularly affecting manufacturers reliant on imported electrolyte materials and precision fabrication equipment. The impact is more pronounced in electric vehicle battery production and thin film battery segments across Asia-Pacific and Europe. However, tariffs are also stimulating domestic material sourcing, boosting regional manufacturing initiatives, and encouraging innovation toward cost efficient solid-state battery designs.

The solid state battery market research report is one of a series of new reports that provides solid state battery market statistics, including solid state battery industry global market size, regional shares, competitors with a solid state battery market share, detailed solid state battery market segments, market trends and opportunities, and any further data you may need to thrive in the solid state battery industry. This solid-state battery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A solid-state battery refers to a battery technology that utilizes solid electrodes and a solid electrolyte instead of the liquid or polymer gel electrolytes found in traditional lithium-ion or lithium polymer batteries. This innovation is anticipated to enhance safety, battery lifespan, and heat resistance by replacing conventional liquid electrolytes. Solid-state batteries offer notable benefits such as excellent energy density, enhanced safety efficiency, and a broad operating temperature range, albeit generally at a higher cost compared to conventional batteries.

The primary types of solid-state batteries include single-cell batteries and multi-cell batteries. Single-cell batteries consist of a single cell and find application in small electronic devices such as toys, clocks, watches, and others. These batteries are further categorized based on rechargeability into primary (non-rechargeable) and secondary (rechargeable) batteries, and by material into thin film batteries and portable batteries. Solid-state batteries find applications across various industries, including consumer and portable electronics, electric vehicles, energy harvesting, wearable and medical devices, among other diverse applications.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.

The solid-state battery market consists of sales of bulk solid-state batteries and thin-flim solid batteries. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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