UK Solid State Battery Market
UK Solid State Battery Market Research Report: By Application (Electric Vehicles, Consumer Electronics, Aerospace, Energy Storage Systems), By Chemistry Type (Lithium Metal, Lithium Sulfur, Sodium Ion, Polymer), By End Use (Automotive, Consumer Devices, Industrial, Medical Devices) and By Form Factor (Thin-Film, Prismatic, Cylindrical) - Forecast to 2035
Industry Developments
The UK Solid State Battery Market has witnessed significant developments recently, particularly with an increasing interest in improving energy storage technologies. Companies like ProLogium and Ilika have made strides in enhancing the efficiency and safety of solid state battery designs. Notably, ProLogium announced plans in September 2023 to expand its production capacity in the UK, aiming to meet the escalating demand for electric vehicles (EVs). Meanwhile, QuantumScape has reported advancements in its battery technology that promise longer lifespans and faster charging times. In the realm of mergers and acquisitions, Bosch acquired a technology partnership with Solid Power in October 2022 to leverage innovative battery technology within the UK's growing EV sector. There has also been significant market growth, with companies such as Samsung SDI and A123 Systems expanding their operations in the UK, signaling a robust investment climate. This rise has been supported by government initiatives aimed at promoting sustainable energy solutions, with funding opportunities for research in solid state batteries being highlighted in various frameworks throughout 2022 and 2023, paving the way for increased collaboration between industry players and research institutions in the UK.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 77.2(USD Million) |
| MARKET SIZE 2024 | 96.0(USD Million) |
| MARKET SIZE 2035 | 1280.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 26.551% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | ProLogium, Sion Power, Framatome, QuantumScape, Oxford PV, Bosch, Solid Power, BASF, Green Energy Storage, Toyota, East Penn Manufacturing, A123 Systems, Samsung SDI, Ilika, Amperex Technology |
| SEGMENTS COVERED | Application, Chemistry Type, End Use, Form Factor |
| KEY MARKET OPPORTUNITIES | High demand for electric vehicles, Increased energy storage solutions, Government incentives for greener tech, Development in renewable energy integration, Enhanced consumer electronics performance |
| KEY MARKET DYNAMICS | Technological advancements, Growing electric vehicle market, Government incentives, Environmental sustainability focus, Increasing demand for energy storage |
| COUNTRIES COVERED | UK |
FAQs
What is the expected market size of the UK Solid State Battery Market in 2024?
The UK Solid State Battery Market is expected to be valued at 96.0 million USD in 2024.
What value is the UK Solid State Battery Market projected to reach by 2035?
By 2035, the UK Solid State Battery Market is projected to reach a value of 1280.0 million USD.
What is the expected Compound Annual Growth Rate (CAGR) for the UK Solid State Battery Market from 2025 to 2035?
The expected CAGR for the UK Solid State Battery Market from 2025 to 2035 is 26.551%.
Which application is projected to dominate the UK Solid State Battery Market by 2035?
The Electric Vehicles application is projected to dominate the market, reaching 540.0 million USD by 2035.
What will be the market value for Aerospace applications in the UK Solid State Battery Market by 2035?
The market value for Aerospace applications is expected to rise to 130.0 million USD by 2035.
Who are some of the key players in the UK Solid State Battery Market?
Key players in the market include ProLogium, Sion Power, and QuantumScape among others.
How much is the Consumer Electronics segment valued at within the UK Solid State Battery Market in 2024?
The Consumer Electronics segment is valued at 30.0 million USD within the market in 2024.
What growth opportunities exist in the Energy Storage Systems segment by 2035?
The Energy Storage Systems segment presents significant growth opportunities, projected to reach 220.0 million USD by 2035.
How will the UK Solid State Battery Market grow between 2025 and 2035?
The market is expected to experience robust growth, spurred by technological advancements and increased demand for sustainable energy storage.
What challenges might the UK Solid State Battery Market face in the coming years?
The market may face challenges related to manufacturing scalability and the need for regulatory approvals as it evolves.
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