Product Code: FCB049C
The global market for solid state batteries is estimated to increase from $274.0 million in 2023 to reach $1.7 billion by 2029, at a compound annual growth rate (CAGR) of 36.7% from 2024 through 2029.
The global market for electric vehicle battery reuse and recycling is expected to grow from $8.0 billion in 2024 and is projected to reach $28.1 billion by the end of 2029, at a CAGR of 28.5% during the forecast period of 2024 to 2029.
The global market for sodium-ion batteries (SIB) is estimated to increase from $318.0 million in 2023 to reach $838.5 million by 2029, at a CAGR of 18.6% from 2024 through 2029.
Research Review Scope
Rapid advancements in battery technology drive innovations in electrical vehicle (EV) propulsion systems with advantages such as improved energy density, enhanced safety, and extended driving range. Solid-state batteries (SSBs) use solid electrolytes instead of liquid electrolyte solutions to enhance safety by eliminating the possibility of thermal runaway and electrolyte leakage. They enable faster charging times, longer driving range, and extended cycle life. Sodium-ion batteries are emerging as one of the most promising alternatives for lithium-ion batteries. They use sodium, which is abundantly available as opposed to the scarce and costly materials such as lithium and cobalt. They are known for their lower production cost and alleviated performance in cold temperatures.
With further diversification in EV applications, advanced batteries such as SSBs, sodium-ion batteries, and flow batteries are expected to expand further possibilities for high-performance EVs, low-cost urban transportation, and efficient commercial fleets, realizing the next chapter in sustainable transportation.
Research Reviews from BCC Research provide market professionals with concise market coverage within a specific research category. This 2024 Research Review of fuel cell and battery technologies provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions. This Research Review includes highlights and excerpts from the following reports published by BCC Research in 2024:
- FCB053B Solid State Batteries: Global Markets
- FCB058B Global Electric Vehicle Battery Reuse and Recycling Market
- FCB041B Sodium-ion Batteries: Materials, Technologies and Global Markets to 2029
- FCB040F Electric Vehicles and Fuel Cell Vehicles: Global Markets
- FCB055B Flow Batteries: Global Markets
- FCB065A E-Bike: Global Markets
After you survey the excerpts in this Research Review, we encourage you to follow up on these topics by checking out the full market research reports associated with each topic. BCC Research looks forward to serving your market intelligence needs in the future.
Table of Contents
Chapter 1 Foreword
Chapter 2 Solid State Batteries: Global Markets (FCB053B)
- Market Outlook of Solid-State Batteries
- Scope of Report of Solid-State Batteries
- Market Summary of Solid-State Batteries
- Market Dynamics and Growth Factors
- Trends and Developments
- Analysis by Segments
- Regional Insights and Emerging Markets
- Conclusion
- Market Overview of Solid-State Batteries
- Current Market Overview
- Main Components of SSBs
- Market Dynamics of Solid-State Batteries
- Market Driver
- Market Restraint
- Market Trend
- Market Opportunity
- Emerging Technologies and Developments of Solid-State Batteries
- Nanotechnology
- Emerging Roles of AI and ML
- Thermal Management Systems (TMS)
- Bottom Electrodeposition
- Fast Cycling of Lithium Metal in SSBs
- Global SSB Market by Type
- Thin Film Batteries
- Bulk Batteries
- Global SSB Market by Cell Type
- Single Cell Batteries
- Multi-Cell Batteries
- Global SSB Market by Rechargeability
- Primary Batteries
- Secondary Batteries
- Global SSB Market by Region
- North America
- Europe
- Asia-Pacific
- Rest of World (RoW)
- Sustainability in the SSB Industry: ESG Perspective
- Environmental Impact/Performance
- Social Impact/Performance
- Governance Impact/Performance
- Concluding Remarks from BCC
Chapter 3 Global Electric Vehicle Battery Reuse and Recycling Market (FCB058B)
- Market Outlook of Electric Vehicle Battery Reuse and Recycling
- Scope of Report of Electric Vehicle Battery Reuse and Recycling
- Market Summary of Electric Vehicle Battery Reuse and Recycling
- Market Dynamics and Growth Factors
- Future Trends and Development
- Segmental Analysis
- Regional Insights and Emerging Markets
- Conclusion
- Market Overview of Electric Vehicle Battery Reuse and Recycling
- Current Market Overview and Future Scenario
- Impact of the Russia-Ukraine War on the Global Market
- Regulatory Framework and Initiatives by Governments
- EU
- U.S.
- China
- India
- Market Dynamics of Electric Vehicle Battery Reuse and Recycling
- Market Driver
- Market Restraint
- Market Opportunity
- Market Trend
- Key Emerging Technologies for EV Battery Reuse and Recycling
- Implementing Artificial Intelligence and Machine Learning
- Nanotechnology
- 3D Printing
- Global Market by Battery Type
- Lithium-ion
- Lead-acid
- Nickel Metal Hydride
- Global Market by Propulsion Type
- Battery Electric Vehicles (BEV)
- Plug-in Hybrid Electric Vehicles (PHEV)
- Hybrid Electric Vehicles (HEV)
- Market Breakdown by Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Sustainability in the Electric Vehicle Battery Reuse and Recycling Market: An ESG Perspective
- Environmental Impact
- Social Impact
- Governance Impact
- Current Status of ESG in the Market
- Consumer Attitudes Towards ESG in the Market
- Case Study: Examples of Successful ESG Implementation
- ERAMET
- Fortum
- Glencore
- Concluding Remarks from BCC Research
Chapter 4 Sodium-ion Batteries: Materials, Technologies and Global Markets to 2029 (FCB041B)
- Market Outlook of Sodium-ion Batteries: Materials
- Scope of Report of Sodium-ion Batteries: Materials
- Market Summary of Sodium-ion Batteries: Materials
- Market Dynamics and Growth Factors
- Segmental Analysis
- Regional Insights and Emerging Markets
- Conclusion
- Market Overview and Future Scenarios
- Regulatory Framework and Initiatives
- U.S.
- Europe
- China
- India
- Market Dynamics of Sodium-ion Batteries: Materials
- Market Driver
- Market Restraint
- Market Opportunity
- Emerging Technologies in SIB Development
- Nanotechnology-based Anode and Cathode Materials for SIBs
- Advanced Electrolytes
- Emerging Roles of AI and Machine Learning
- Global Sodium-ion Battery Market, by Product
- Sodium-sulfur Batteries
- Sodium-salt Batteries (Zebra Batteries)
- Sodium-oxygen (Sodium-air) Batteries
- Market Breakdown, by Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Sustainability in the Sodium-ion Batteries Market: An ESG Perspective
- Environmental Impact
- Social Impact
- Governance Impact
- Status of ESG in the Global Sodium-ion Battery Industry
- Consumer Attitudes Towards ESG
- Concluding Remarks from BCC
Chapter 5 Electric Vehicles and Fuel Cell Vehicles: Global Markets (FCB040F)
- Market Outlook of Electric Vehicles and Fuel Cell Vehicles
- Scope of Report of Electric Vehicles and Fuel Cell Vehicles
- Market Summary of Electric Vehicles and Fuel Cell Vehicles
- Market Dynamics and Growth Factors
- Segmental Analysis
- Regional Insights and Emerging Markets
- Conclusion
- Current Market Overview and Future Scenario
- Impact of the Russia-Ukraine War on the Global Market
- Market Dynamics of Electric Vehicles and Fuel Cell Vehicles
- Market Driver
- Market Restraint
- Market Opportunity
- Regulatory Framework and Initiatives
- Germany
- U.S.
- Canada
- India
- China
- Key Emerging Technologies for Electric Vehicles and Fuel Cell Vehicles
- Autonomous Charging
- Three-Dimensional EV Printing
- V2G EV Charging Stations
- Emerging Role of AI and IoT Solutions in EV Deployment
- Global EV and FCEV Market, by Propulsion Type
- BEV
- PHEV
- HEV
- FCEV
- Global EV and FCEV Market, by Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Sustainability in the Electric Vehicle and Fuel Cell Vehicle Market: An ESG Perspective
- Environmental Impact
- Social Impact
- Governance Impact
- Current Status of ESG in the Global Electric Vehicle and Fuel Cell Vehicle Market
- Consumer Attitudes Towards ESG in the Global Electric Vehicle and Fuel Cell Vehicle Market
- Concluding Remarks from BCC Research
Chapter 6 Flow Batteries: Global Markets (FCB055B)
- Market Outlook of Flow Batteries
- Scope of Report of Flow Batteries
- Market Summary of Flow Batteries
- Market Dynamics and Growth Factors
- Analysis by Segment
- Regional Insights and Emerging Markets
- Conclusion
- Market Overview and Future Scenarios of Flow Batteries
- Impact of Russia-Ukraine War
- Market Dynamics of Flow Batteries
- Market Driver
- Market Restraint
- Market Opportunity
- Market Trend
- Emerging Technologies and Developments of Flow Batteries
- Overview
- Emerging Battery Materials
- Iron Flow Batteries
- Iron-Chromium Redox Flow Batteries
- Global Flow Battery Market, by Battery Type
- Redox
- Hybrid
- Global Flow Battery Market, by Battery Material
- Vanadium
- Zinc-Bromine
- Other Battery Materials
- Global Flow Battery Market, by Deployment Type
- Small-Scale
- Large-Scale
- Global Flow Battery Market, by Region
- North America
- Europe
- Asia-Pacific
- Rest of World
- Sustainability in the Flow Battery Market: An ESG Perspective
- Environmental Impact
- Social Impact
- Governance Impact
- Status of ESG in the Flow Battery Industry
- Case Studies Successful Implementations of ESG
- Invinity Energy Systems
- Sumitomo Electric Industries Ltd.
- StorEn Technologies
- Enerox GmbH
- Consumer Attitudes Towards ESG
- Concluding Remarks from BCC
Chapter 7 E-Bike: Global Markets (FCB065A)
- Study Goals and Objectives of E-Bike
- Reasons for Doing This Study of E-Bike
- Scope of Report of E-Bike
- Market Outlook of E-Bike
- Market Summary of E-Bike
- Market Overview of E-Bike
- Evolution Factors for the e-Bike
- Impact of COVID-19 on the Global Market
- Ukraine-Russia War Impact on the Global Market
- Israel-Palestine War Impact on the Global Market
- Market Dynamics of E-Bike
- Market Driver
- Market Challenge
- Market Restraint
- Market Opportunity
- Emerging Technologies and Developments
- Current Market Trends
- Emerging and Upcoming Trends in the e-Bike Market
- Market Breakdown by Class
- Class I
- Class II
- Class III
- Market Breakdown by Configuration
- Regular e-Bike
- Folding e-Bike
- Market Breakdown by Motor Type
- Mid-Drive Motor
- Hub-Drive Motor
- Market Breakdown by Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Sustainability in the e-Bike Market: An ESG Perspective
- Importance of ESG in the e-Bike Market
- Future of ESG with e-Bikes
- Concluding Remarks from BCC
Chapter 8 Appendix
- Methodology
- Analyst's Credentials