Trends in the Energy Storage Battery Industry and Prospects for Solid-State Battery Technology

TrendForce's latest data shows that demand for energy storage cells remained strong in October, with prices holding steady. Currently, the end-of-year rush for energy storage installations is gradually coming to a close, with expectations of weakening demand towards the year's end. Concurrently, as the trend of depleting energy storage cell inventories approaches year-end, there remains a risk of price declines for energy storage cells.

Solid-state batteries, as a new generation of energy storage technology, with advantages such as high energy density, high safety, and long lifespan, are gradually becoming a focal point for investment in the battery industry.

Solid-state battery energy storage

In recent years, industry demand and anticipation for the application of solid-state batteries have accelerated the commercialization of this technology. According to TrendForce's latest research, global manufacturers such as Toyota, Nissan, and Samsung SDI have begun trial production of all-solid-state batteries. With competitors ramping up production, it is estimated that production levels could reach gigawatt-hour (GWh) levels by 2027.

Source: TrendForce

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