TOTAL REVENUE OF $222.3 MILLION FOR THE FIRST NINE MONTHS OF 2024 VS. $178.0 MILLION FOR THE SAME PERIOD IN 2023, AN INCREASE OF 25%HOSPITAL DIVISION VISITS OF 122,944 FOR THE FIRST NINE MONTHS OF 2024 VS. VISITS OF 102,798 FOR THE SAME PERIOD IN 2023, AN INCREASE OF 20%HOSPITAL DIVISION OPERATING INCOME OF $54.7 MILLION FOR THE FIRST NINE MONTHS OF 2024 VS. $21.1 MILLION FOR THE SAME PERIOD IN 2023, AN INCREASE OF 159%NET CASH FROM OPERATING ACTIVITIES OF $23.1 MILLION FOR THE FIRST NINE MONTHS OF 2024COMPANY CONTINUES ITS FOCUS ON INCREASING CASH FLOW

HOUSTON, Nov. 7, 2024 /PRNewswire/ — Nutex Health Inc. (“Nutex Health” or the “Company”) (NASDAQ: NUTX), a physician-led, integrated healthcare delivery system comprised of 22 state-of-the-art micro hospitals and hospital outpatient departments (HOPDs) in ten states and primary care-centric, risk-bearing physician networks, today announced third quarter 2024 financial results for the three and nine months ended September 30, 2024.

Financial Highlights for the Three Months Ended September 30, 2024:

Total revenue of $78.8 million as compared to total revenue of $62.7 million for the three months ended September 30, 2023, an increase of 26%. Of this revenue growth, mature hospitals, which are hospitals opened prior to December 31, 2021, increased by 20.7% in 2024 compared to the same period in 2023.Operating income (including the negative impact of a $2.0 million non-cash stock-based compensation expense) for the three months ended September 30, 2024 was $9.7 million, compared to an operating loss of approximately $0.8 million for the three months ended September 30, 2023, representing a $10.5 million improvement quarter over quarter.Net loss attributable to Nutex Health of $8.8 million in the three months ended September 30, 2024 as compared to a net loss attributable to Nutex Health of $5.5 million for the three months ended September 30, 2023. This $8.8 million amount includes a $6.7 million non-cash loss on warrant liability as well as the $2.0 million non-cash stock-based compensation expense noted above.EBITDA attributable to Nutex Health of $4.3 million, as compared to EBITDA attributable to Nutex Health of $1.2 million for the three months ended September 30, 2023.Adjusted EBITDA attributable to Nutex Health of $13.5 million, as compared to Adjusted EBITDA attributable to Nutex Health of $1.3 million for the three months ended September 30, 2023, an increase of 938%.Total visits from the Hospital Division were 41,668 for the third quarter 2024, as compared to 37,443 for the third quarter 2023, an increase of 4,225 or 11.3%. Of this visit growth, mature hospitals increased by 3.8% in 2024 compared to the same period in 2023.

Financial Highlights for the Nine Months Ended September 30, 2024:

Total revenue of $222.3 million as compared to total revenue of $178.0 million for the nine months ended September 30, 2023, an increase of approximately 25%. Of this revenue growth, mature hospitals, which are hospitals opened prior to December 31, 2021, increased by 13.5% in 2024 compared to 2023.Operating income for the nine months ended September 30, 2024 was $16.4 million compared to an operating loss of $5.6 million for the nine months ended September 30, 2023, representing a $22.0 million improvement year over year.Net loss attributable to Nutex Health of $9.5 million as compared to net loss attributable to Nutex Health of $14.2 million for the nine months ended September 30, 2023. This $9.5 million amount includes non-cash items of $10.2 million (non-cash stock-based compensation expense of $2.0 million, non-cash impairment of assets of $3.9 million, non-cash impairment of goodwill of $3.2 million and $1.1 million non-cash loss on warrant liability) in the first nine months of 2024, while the $14.2 million amount includes non-cash stock-based compensation expense of $2.2 million in the first nine months of 2023.EBITDA attributable to Nutex Health of $19.9 million, as compared to EBITDA attributable to Nutex Health of $5.3 million for the nine months ended September 30, 2023.Adjusted EBITDA attributable to Nutex Health of $30.1 million, as compared to Adjusted EBITDA attributable to Nutex Health of $7.7 million for the nine months ended September 30, 2023, an increase of 290%.Total visits from the Hospital Division were 122,944 for the nine months ended September 30, 2024, as compared to 102,798 for the same period in 2023, an increase of 20,146 or 19.6%. Of this visit growth, mature hospitals increased by 7.7% in the nine months ended September 30, 2024 compared to the same period in 2023.Net cash from operating activities of $23.1 million for the nine months ended September 30, 2024. As of September 30, 2024, the Company had total assets of $438.5 million, including cash and cash equivalents of $46.9 million and long-term debt of $26.8 million.

Note: EBITDA and Adjusted EBITDA are non-GAAP financial metrics. A reconciliation of non-GAAP to GAAP measures is included below in this earnings release.

“We are pleased to report 25% revenue growth, Adjusted EBITDA attributable to Nutex Health of $13.5 million and a 209% increase in gross profit to $21.9 million in the third quarter ended September 30, 2024, showing our continued focus on top line growth, increasing cash flow as well as improving profitability,” stated Jon Bates, Chief Financial Officer of Nutex Health.

“Nutex Health had another outstanding quarter. The strategic and operational decisions we have made over the last nine months are driving this strong performance, as demonstrated by another quarter of year-over-year growth in revenue, EBITDA and Adjusted EBITDA as well as incremental growth in cash flow. We are confident that our momentum will continue and plan on growing our hospital and population health divisions responsibly as we drive value for our shareholders,” stated Warren Hosseinion, M.D., President of Nutex Health.

“The four de-novo hospitals that we opened in 2023 are ramping up nicely, resulting in strong year-over-year growth in both revenue and patient volume. Volumes and revenue continue to increase among our mature hospitals, both on the outpatient side as well as the inpatient side, which still have excess capacity. Our average payment by insurers of patient claims also increased, a trend we are optimistic will persist as we continue to work the NSA (No Surprises Act) claims through the Independent Dispute Resolution process,” stated Tom Vo, M.D., MBA, Chairman and Chief Executive Officer of Nutex Health.

For more details on the Company’s Third Quarter 2024 financial results, please refer to our Quarterly Report on Form 10-Q filed with the U.S. Securities & Exchange Commission and accessible at www.sec.gov.

Non-GAAP Financial Measures (Unaudited)

EBITDA and Adjusted EBITDA. EBITDA and Adjusted EBITDA are used as a supplemental non-GAAP financial measure by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. We believe EBITDA and Adjusted EBITDA are useful because it allows us to more effectively evaluate our operating performance.

We define EBITDA as net income (loss) attributable to Nutex Health Inc. plus interest expense, income taxes, depreciation and amortization.

We define Adjusted EBITDA as net income (loss) attributable to Nutex Health Inc. plus net interest expense, income taxes, depreciation and amortization, further adjusted for an allocation to noncontrolling interests, (gain)/loss on warrant liability, stock-based compensation, certain defined items of expense, and any acquisition-related costs and impairments. A reconciliation of net income to EBITDA and Adjusted EBITDA is included below. EBITDA and Adjusted EBITDA are not intended to serve as an alternative to U.S. GAAP measures of performance and may not be comparable to similarly-titled measures presented by other companies.

About Nutex Health Inc.

Headquartered in Houston, Texas and founded in 2011, Nutex Health Inc. (NASDAQ: NUTX) is a healthcare management and operations company with two divisions: a Hospital Division and a Population Health Management Division.

The Hospital Division owns, develops and operates innovative health care models, including micro-hospitals, specialty hospitals, and hospital outpatient departments (HOPDs). This division owns and operates 22 facilities in ten states.

The Population Health Management division owns and operates provider networks such as Independent Physician Associations (IPAs). Through our Management Services Organization (MSO), we provide management, administrative and other support services to our affiliated hospitals and physician groups.

Forward-Looking Statements

Certain statements and information included in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Act of 1995. When used in this press release, the words or phrases “will”, “will likely result,” “expected to,” “will continue,” “anticipated,” “estimate,” “projected,” “intend,” “goal,” or similar expressions are intended to identify “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, many of which are beyond the control of the Company. Such uncertainties and risks include, but are not limited to, our ability to successfully execute our growth strategy, changes in laws or regulations, including the interim final and final rules implemented under the No Surprises Act , economic conditions, dependence on management, dilution to stockholders, lack of capital, the effects of rapid growth upon the Company and the ability of management to effectively respond to the growth and demand for products and services of the Company, newly developing technologies, the Company’s ability to compete, conflicts of interest in related party transactions, regulatory matters, protection of technology, lack of industry standards, the effects of competition and the ability of the Company to obtain future financing. An extensive list of factors that can affect future results are discussed in the Annual Report on Form 10-K for the year ended December 31, 2023 and in the Quarterly Reports on Form 10-Q for the periods ending March 31, 2024 and June 30, 2024 under the heading “Risk Factors” in Part I, Item IA thereof, and other documents filed from time to time with the Securities and Exchange Commission. Such factors could materially adversely affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed within this press release.

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SOURCE Nutex Health, Inc.

NEW YORK, Nov. 7, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global data wrangling market  size is estimated to grow by USD 1.49 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  14.8%  during the forecast period. Numerous benefits provided by data wrangling solutions is driving market growth, with a trend towards rising need of technology in healthcare sector. However, lack of awareness of data wrangling tools among smes  poses a challenge.Key market players include Altair Engineering Inc., Alteryx Inc., Dataiku Inc., DataRobot Inc., Dell Technologies Inc., eXalt Solutions Inc., Hitachi Ltd., Ideata Analytics, Impetus Technologies Inc., Innovative Routines International (IRI) Inc., International Business Machines Corp., Medallia Inc., Microsoft Corp., Oracle Corp., Rapid Insight Inc., SAS Institute Inc., Teradata Corp., TIBCO Software Inc., Wipro Ltd., and Zoho Corp. Pvt. Ltd..

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The healthcare sector encounters numerous challenges, such as managing disease outbreaks and enhancing operational efficiency. With an influx of daily data, including patient details, medical history, treatment records, and payment information, healthcare organizations require solutions to prepare, clean, and format this data for insightful analysis. Data wrangling plays a vital role in this process by transforming raw data into structured formats. During the COVID-19 pandemic, data wrangling tools became essential for cleaning and organizing patient data, enabling quick decision-making. As healthcare adopts advanced technologies like AI and machine learning, the demand for data wrangling solutions increases, as these technologies rely on clean, structured data for accurate predictions and insights. The growing focus on personalized medicine and patient-centric care necessitates integrating diverse data sources, further emphasizing the importance of data wrangling for managing complexity and improving decision-making, patient outcomes, and healthcare system efficiency. As healthcare data volume expands, data wrangling’s role in driving innovation and quality care will continue to grow, positively impacting the market’s growth during the forecast period. 

In today’s digital world, businesses are generating and collecting massive amounts of data. This data needs to be processed and transformed into valuable insights to drive business growth. Trends like digital transformation, big data analytics, and e-commerce are leading the charge in data usage. Data integration, structuring, and transformation are key areas of focus for professional services and consulting firms. Data security is paramount, with encryption, access controls, and data protection laws ensuring data privacy. Technology hubs are emerging as centers for innovation in data munging, information mapping, and enterprise mobility. Industries like healthcare, telecommunications, financial services, and insurance are leveraging cloud solutions for data analysis. Data quality, edge computing, and financial services are also seeing significant investment. Anomalies in data require attention, with cloud-based analytics and data lineage tools helping to identify and address them. Metadata management, data cataloging, and data cleaning are essential for data unification and self-service data preparation. Big data, digitalization, finance, IoT devices, smart cities, and life sciences are all driving the need for data analysis tools. Data loss prevention is a critical concern, with firms investing in solutions to mitigate risk. Overall, the data wrangling market is thriving, with innovation and growth expected to continue. 

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•         Data wrangling refers to the process of extracting valuable insights from raw data using advanced technologies like machine learning and big data analytics. Small and medium-sized enterprises (SMEs) primarily use conventional Extract, Transform, Load (ETL) tools due to their user-friendly interface and affordability. However, these tools lack the necessary functionality for SMEs to fully adopt data wrangling technology, limiting its growth potential. Moreover, in developing countries such as China and India, where there is a high concentration of businesses, the lack of awareness about data wrangling techniques among SMEs will hinder market expansion during the forecast period.

•         In today’s business world, managing data effectively is crucial for success. However, data wrangling presents several challenges for organizations. These include information mapping to connect data from various sources, enterprise mobility to access data on-the-go, ensuring data quality, and implementing edge computing for real-time analysis. Industries like financial services, insurance, and life sciences face unique data challenges. Cloud solutions offer scalability and flexibility, but data loss and security are major concerns. Data analytics tools help make sense of big data, but data lineage, metadata management, and data cataloging are essential for maintaining data accuracy. Self-service data preparation is important for enabling business users, while AI and machine learning require data cleaning and unification. Data management, data preparation, and real-time analysis are key for IT and telecom, while data governance is crucial for large enterprises and SMEs alike. IoT devices and smart cities generate vast amounts of data, requiring multi-cloud strategies and hybrid cloud solutions. Data analytics is the end goal, but data loss, data security, and data privacy are ongoing challenges that must be addressed.

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This data wrangling market report extensively covers market segmentation by

Sector 1.1 BFSI1.2 Government and public sector1.3 Healthcare1.4 OthersGeography 2.1 North America2.2 Europe2.3 APAC2.4 Middle East and Africa2.5 South America

1.1 BFSI-  The BFSI sector’s reliance on data wrangling has grown significantly due to the digitization of services and the resulting generation of large volumes of data. Data wranglers optimize operational processes and provide insights to agents for effective online customer interaction. They reduce data preparation time by more than 15 times, enabling a 360-degree client view. With massive data generation, proper management is crucial to prevent unwanted events like data breaches. The Royal Bank of Scotland, serving over 30 million customers globally, uses data wranglers to extract insights from unstructured data, particularly web chats. These factors are driving the demand for data wrangling solutions in the BFSI sector, ensuring secure and efficient data management.

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The Data Wrangling Market is experiencing significant growth due to the increasing volume, variety, and velocity of data being generated across industries. Data loss and theft continue to be major concerns, driving the need for data management and security solutions. Artificial intelligence and machine learning are revolutionizing data analysis by automating data preparation and enabling real-time analysis. Cloud-based solutions and multi-cloud strategies are becoming increasingly popular for data management, offering flexibility and scalability. Data munging, information mapping, and data cleaning are essential data preparation tasks for ensuring data quality. Finance, insurance, and IoT devices are generating massive amounts of data, making data unification and self-service data preparation crucial. Big data and real-time analysis are transforming industries like finance and smart cities, requiring edge computing to process data at the source. Data analytics is at the heart of these trends, enabling businesses to gain valuable insights and make informed decisions.

The Data Wrangling Market is experiencing significant growth due to the increasing demand for Artificial Intelligence (AI) and Machine Learning (ML) applications in Data Analytics. Businesses are focusing on Data Management and Preparation to derive valuable insights from their data. Real-time analysis is becoming essential for Large Enterprises and SMEs in IT and Telecom, Finance, Healthcare, Telecommunications, E-commerce, and other sectors. On-premises and Cloud-based solutions are popular for Data Management, with Multi-cloud strategies and Hybrid cloud gaining traction. Data Security and Governance are top priorities, with Digital Transformation driving the adoption of Big Data Analytics, Data Integration, and Data Transformation. Data Structuring, Professional Services, and Consulting are crucial for Data Encryption, Access Controls, and Data Protection Laws. Technology hubs are investing in Data Analytics Tools and Edge Computing to support Digitalization and IoT devices. Data Quality, Anomalies, and Cloud-based Analytics are key areas of focus, along with Data Lineage, Metadata Management, Data Cataloging, Data Cleaning, and Data Unification. Self-service Data Preparation and Big Data are transforming industries such as Life Sciences, Finance, and Insurance. Data Loss prevention is a growing concern, with a need for advanced Data Analytics and AI-driven solutions. The market is expected to continue growing, driven by the increasing importance of Data in the Digital Age.

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

SectorBFSIGovernment And Public SectorHealthcareOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

NEW YORK, Nov. 7, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global solid state battery market  size is estimated to grow by USD 554.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  44.97%  during the forecast period. Growing requirement for long-range evs is driving market growth, with a trend towards rising vendor collaborations. However, declining li-ion battery prices  poses a challenge.Key market players include AMP Inc, Ampcera Inc., BrightVolt, BYD Co. Ltd., Factorial Energy, General Motors Co., Hitachi Zosen Corp., Ilika, Ion Storage Systems, Johnson Energy Storage Inc., LG Chem Ltd., Murata Manufacturing Co. Ltd., Poly Plus Battery Co., ProLogium Technology Co. Ltd., QuantumScape Corp, Robert Bosch GmbH, Samsung SDI Co. Ltd., STMicroelectronics International N.V., TDK Corp., and Toyota Motor Corp..

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Key Market Trends Fueling Growth

Several new vendors are entering the global solid state battery market due to the expanding automotive sector. Notable battery manufacturers are securing investments from prominent investors and forming alliances to advance solid state battery technology. This innovation poses a significant challenge to conventional battery technologies. The growing adoption of start-stop systems has instigated businesses to develop efficient models for solid state batteries. Ilika, a pioneer in solid state battery technology, leads a USD10 million collaboration project, the Faraday Battery Challenge, with Nexeon, HSSMI, three top UK universities, CPI, and BMW Group and WAE Technologies. Ilika will receive a USD3.5 million grant and collaborate with these partners to create an automotive-defined solid state battery by the project’s end. Factorial, a lithium-ion solid state battery provider, partners with battery recycling company Young Poong to research lithium-metal recycling for solid state batteries. Factorial will provide leftover lithium-metal material from its production process to Young Poong, which will create a recycling process for lithium metal, enabling a circular economy. German automotive supplier MAHLE and Taiwan-based battery manufacturer ProLogium have signed a Memorandum of Understanding to develop and evaluate thermal management solutions for next-generation solid-state batteries. These cells offer advantages in safety and energy density, enhancing driving ranges and safety standards. The collaboration will focus on customized thermal management solutions for ProLogium’s technology, supporting competitive battery systems with high efficiency, energy density, longevity, and fast-charging capabilities. The increasing number of new players and their collaborations will intensify market competition, leading to more R&D activities for a competitive edge. These alliances facilitate the sharing of manpower and technical expertise, fostering the innovation of new technologies and boosting the sales of solid state batteries, ultimately driving the growth of the global solid state battery market.

The Solid State Battery market is experiencing significant growth, particularly in sectors like wearable devices, consumer electronics, and mobile healthcare devices. Solid-state batteries, which use a solid electrolyte instead of a liquid or polymer one, offer several advantages, including increased energy density, improved safety, and longer cycle life. This makes them ideal for high-performance applications in electric vehicles (EVs), IoT devices, wireless medical devices, and smart devices. Manufacturers of electronic components are focusing on developing solid-state batteries to meet the demands of the automotive sector, renewable energy storage, and high-power sources. Companies like Solid Power, Thin Film Batteries, and Solid Energy are leading the charge in this area. Despite the benefits, challenges remain, such as performance degradation and the need for new electrolyte materials. However, advancements in technology and raw material sourcing, including the use of wood-derived batteries, are helping to address these issues. With the increasing importance of energy harvesting, charging stations, and lightweight batteries, the future looks bright for solid-state batteries in various industries, including electric vehicles, aerospace and defense, and microgrid applications.

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Market Challenges

The lithium-ion battery market currently dominates the global energy storage landscape due to its advantages, including low maintenance, long life, and high energy density. However, the safety concerns associated with the use of lithium metal in these batteries, such as fire and explosion risks, have led to the development of next-generation solid state batteries. Solid state batteries offer improved safety and longer cycle life, making them an attractive alternative. However, the widespread use and affordability of lithium-ion batteries pose a challenge to the growth of the solid state battery market. The declining prices of lithium-ion batteries will boost their sales, potentially hindering the market expansion of solid state batteries in the forecast period.The Solid State Battery market is experiencing significant growth due to its potential to address the power needs of various industries. IoT devices, wireless medical devices, and consumer electronics require long-lasting, lightweight batteries. Solid-state batteries offer a solution with their high rechargeability and volumetric energy density. In the automotive sector, solid-state batteries are expected to revolutionize electric vehicles (EVs) by providing longer ranges and faster charging times. Renewable energy storage and grid stability also benefit from solid-state batteries’ high power output and charge cycles. However, challenges such as raw material shortages, high production costs, and the need for advanced charging stations remain. Companies like Solid Power, Thin Film Batteries, and Wood-derived batteries are working to overcome these hurdles. Applications include EVs, portable batteries, and industrial equipment, as well as aerospace and defense, microgrid applications, and energy harvesting devices. Solid-state batteries offer high-performance energy storage for various industries, making them a promising solution for the future.

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Segment Overview 

This solid state battery market report extensively covers market segmentation by

Application 1.1 Transportation1.2 Grid storage1.3 OthersType 2.1 Portable2.2 Thin filmGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Transportation-  The solid state battery market is experiencing significant growth due to its advantages over traditional lithium-ion batteries. These batteries offer increased energy density, longer cycle life, and improved safety. Major industries such as automotive and consumer electronics are investing in solid state battery technology to enhance their product offerings. Companies like Toyota, Panasonic, and Samsung SDI are leading the charge in research and development. The global market for solid state batteries is projected to reach USD22.8 billion by 2027, growing at a CAGR of 21.5% from 2020 to 2027.

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Research Analysis

Solid State Batteries (SSBs) are the next generation of energy storage solutions, offering several advantages over traditional Lithium-ion batteries. SSBs utilize a solid electrolyte instead of a liquid or gel electrolyte, resulting in increased energy density, improved safety, and enhanced performance. These batteries are gaining significant attention in various industries, including wearable devices, consumer electronics, and mobile healthcare devices, due to their high-performance and long-lasting capabilities. In the automotive sector, SSBs are expected to revolutionize the electric vehicle (EV) industry by providing lightweight batteries with high power output and longer range. The solid-state battery market is also expanding in the renewable energy storage sector, providing a reliable and efficient solution for storing excess energy generated from solar and wind power. SSBs come in various forms, including thin-film batteries, single-cell batteries, and multi-cell batteries. They offer rechargeability, making them a versatile option for various applications. Companies are investing heavily in research and development to improve the performance and reduce the production cost of SSBs. Wood-derived batteries and charging stations are also emerging as potential alternatives in the solid-state battery market.

Market Research Overview

Solid State Batteries (SSBs) are the next-generation energy storage solution, offering several advantages over traditional Lithium-ion batteries. SSBs utilize a solid electrolyte instead of a liquid or gel electrolyte, eliminating the risk of thermal runaway and improving safety. With a higher energy density and volumetric energy density, SSBs are ideal for powering wearable devices, consumer electronics, and mobile healthcare devices. In the automotive sector, SSBs promise longer range and faster charging for Electric Vehicles (EVs), making them a promising alternative to Lithium-ion batteries. SSBs also find applications in high power sources, secondary batteries, rechargeable batteries, IoT devices, wireless medical devices, and smart devices. The market for SSBs is expected to grow significantly due to their high power output, lightweight design, and potential for use in aerospace and defense, renewable energy storage, and industrial equipment. However, challenges such as raw material shortage and high production costs remain, with companies like Solid Power and Thin Film Batteries leading the way in innovation and development. SSBs also have potential applications in grid stability, microgrid applications, and energy harvesting, making them a versatile and valuable addition to the energy storage landscape.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationTransportationGrid StorageOthersTypePortableThin FilmGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio