Global Quantum Batteries Market Size, Share, Opportunities, And Trends By Industry Vertical (Electronics, Automotive, Renewable Energy, Others), And By Geography - Forecasts From 2023 To 2028

The global quantum batteries market is projected to expand at a CAGR of 24.78% over the forecast period. Scientists are very close to developing the world’s fastest charging battery known as the quantum battery which utilizes the unique property of quantum mechanics. New research at the University of Adelaide is aiming toward the development of the world’s first quantum battery under the supervision of Dr. James Quach. Dr. Quach, a quantum physicist says that unlike ordinary batteries quantum batteries would charge much faster using the property of “Entanglement” and it is because of this property only the charging process of the battery speeds up.

There are only a few market players currently dealing with the manufacturing and sales of quantum batteries. Many of them are in the research phase where big companies like Volkswagen have already successfully modeled key molecules such as lithium-hydrogen and carbon chains on quantum computers. By using the newly developed algorithms the Volkswagen experts laid the foundation for the simulation and optimization of the chemical structure of the high-performance electric vehicle (EV) batteries on a quantum computer. Highly specialized Data Scientists, computer linguistics, and software engineers are all working hard at San Francisco and Munich’s IT labs in developing the potential of quantum computer applications beneficial for the company. The company is working in collaboration with tech partners Google and D-Wave providing Volkswagen experts access to their systems.

The growing electronics industry will boost the growth of the global quantum batteries market in the forecast period. Also, the adoption of quantum computing is further propelling market growth. The United States from the North American region is expected to show a significant market share while China from the Asia Pacific region is racing towards the development of quantum computers.

Major industry players profiled as part of the report are QuantumScape Corporation, Quantum Instruments, Google, and Volkswagen AG among others.

Segmentation

The global quantum batteries market has been analyzed through the following segments:

• By Industry Vertical

• Electronics
• Automotive
• Renewable Energy
• Others

• By Geography

• North America

• US
• Canada
• Mexico
• Others

• South America

• Brazil
• Argentina
• Others

• Europe

• UK
• Germany
• France
• Italy
• Others

• Middle East and Africa

• Saudi Arabia
• Israel
• UAE
• Others

• Asia Pacific

• China
• India
• Japan
• Australia
• South Korea
• Others