The global silicon battery market size is estimated to grow from USD 38 million in 2020 to USD 177 million by 2025; it is expected to grow at a CAGR of 36.2%. The growth of this market is likely to be driven by the excellent features of silicon-based anode leading to the improvement of li-ion batteries, increasing adoption of consumer electronics, growing R&D initiatives by different organizations & battery manufacturers, and its high energy density compared with other metal anodes. The report covers the market segmented into capacity, application, and geography.
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Silicon Battery Market and Top Applications
Silicon batteries with capacity ranging from 3,000 mAh to 10,000 mAh are used in a majority of industries such as consumer electronics, electric vehicles, power tools, and aviation, in the form of individual cells or as battery pack modules. They are the most commonly available silicon batteries and have a huge demand in the market. These batteries are used for products that require moderate-to-high energy to function. Silicon batteries with this capacity range are expected to be adopted significantly in numerous applications in the future. Moreover, with the increasing usage of consumer electronics and increasing renewable energy projects worldwide, the adoption of silicon batteries is expected to grow significantly during the forecast period
APAC to exhibit the largest market size during the forecast period
The silicon battery market in APAC is expected to grow at the highest CAGR during the forecast period. The vast population in this region leads to an increased energy demand, which eventually increases the need for fossil fuel-based energy generation and leads to renewable energy integration creating the need for batteries. Moreover, other applications such as automotive and consumer electronics are expected to drive the demand for advanced batteries in the region. Also, APAC is the home to some of the prominent players such as Connexx Systems (Japan) and Huawei (China) that provide silicon batteries for different applications. These factors contribute to the high growth of the Silicon battery market in APAC.
Amprius Technologies (US), Enovix (US), Huawei (China), Enevate (US), Nanotek Instruments (US), Nexeon (UK), LeydenJar Technologies (The Netherlands), Targray Technology International (Canada), XG Sciences (US), California Lithium Battery (US), Sila Nanotechnologies (US), and Group14 Technologies (US), among others, are the major players operating in the silicon battery market.
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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Silicon Battery Market and Top Applications
- Consumer Electronics – Silicon batteries are used in various applications in the consumer electronics industry such as smartphones, wearables, laptops, home devices, portable tools, and portable media players. Silicon batteries offer higher density, better durability, and more energy storage compared with li-ion batteries. Silicon anode batteries offer considerably longer lifecycle, and performance that is more consistent; therefore, these batteries are being rapidly adopted for use in laptops and tablets. Consumer electronics require power sources that have high energy and power density to run the devices smoothly. Therefore, silicon batteries are significantly demanded in the consumer electronics application.
- Automotive − The automotive industry is expected to be one of the major segments for lithium silicon batteries. The automotive segment includes battery-driven vehicles, such as battery electric vehicles, plug-in hybrid electric vehicles, and e-bikes, which are the major consumers of lithium silicon battery. EVs require batteries that can perform in extreme temperatures and have advantages such as reliability, long life, fast charging, and high energy density, which makes silicon batteries an ideal option for these vehicles. Increasing adoption and awareness of EVs, and initiatives taken by manufacturers to develop silicon anode batteries for electric vehicles are some of the factors supporting the growth of lithium silicon battery market.
- Aviation – Silicon batteries are used in various applications in the aviation industry. Silicon batteries offer ultra-high energy density and superior cycle life which enables the aircrafts, satellites, drones, and spacecraft to fly for long. Silicon batteries are an excellent option for powering commercial drones. Silicon batteries with their superior energy density are expected to replace the existing traditional lithium-ion batteries in the near future.
- Energy − Silicon anode batteries are expected to be used in the energy application in future. The high-capacity silicon batteries are used for powering industrial applications, power backup systems, energy storage systems, emergency power systems, and micro grids. Energy harvesting, when implemented by using silicon anode batteries, can make devices last longer and help efficiently power a wide range of devices.
Silicon batteries with capacity ranging from 3,000 mAh to 10,000 mAh are used in a majority of industries such as consumer electronics, electric vehicles, power tools, and aviation, in the form of individual cells or as battery pack modules. They are the most commonly available silicon batteries and have a huge demand in the market. These batteries are used for products that require moderate-to-high energy to function. Silicon batteries with this capacity range are expected to be adopted significantly in numerous applications in the future. Moreover, with the increasing usage of consumer electronics and increasing renewable energy projects worldwide, the adoption of silicon batteries is expected to grow significantly during the forecast period
APAC to exhibit the largest market size during the forecast period
The silicon battery market in APAC is expected to grow at the highest CAGR during the forecast period. The vast population in this region leads to an increased energy demand, which eventually increases the need for fossil fuel-based energy generation and leads to renewable energy integration creating the need for batteries. Moreover, other applications such as automotive and consumer electronics are expected to drive the demand for advanced batteries in the region. Also, APAC is the home to some of the prominent players such as Connexx Systems (Japan) and Huawei (China) that provide silicon batteries for different applications. These factors contribute to the high growth of the Silicon battery market in APAC.
Amprius Technologies (US), Enovix (US), Huawei (China), Enevate (US), Nanotek Instruments (US), Nexeon (UK), LeydenJar Technologies (The Netherlands), Targray Technology International (Canada), XG Sciences (US), California Lithium Battery (US), Sila Nanotechnologies (US), and Group14 Technologies (US), among others, are the major players operating in the silicon battery market.
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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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