According to the new market research report "Silicon Battery Market by Capacity (0–3,000 mAh, 3,000–10,000 mAh, 10,000–60,000 mAh, and 60,000 mAh & Above), Application (Consumer Electronics, Automotive, Aviation, Energy, and Medical Devices), and Region - Global Forecast to 2025", is estimated to grow from USD 38 million in 2020 to reach USD 177 million by 2025 at a CAGR of 36.2%. The silicon battery industry is likely to exhibit lucrative growth potential during the forecast period.
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Silicon Battery Market and Top Companies
- Amprius Technologies (US) −The Company was established in 2009 and is headquartered in California, US. Amprius Technologies delivers lithium-ion batteries having higher energy density than standard lithium-ion batteries. Amprius supplies its batteries to smartphone and tablet OEMs. The company maintains an R&D lab and corporate headquarters in California (US), an R&D lab and state-of-the-art pilot production line in Nanjing (China), and a manufacturing facility in Wuxi (China). The company serves its customers in the US, as well as in other countries.
- Enovix (US) −The Company was established in 2007 and is headquartered in California, US. Enovix is constructing a next-generation lithium-ion battery using its 3D cell architecture and high-capacity silicon anode. This 3D silicon lithium-ion battery offers increased energy density and enhanced safety at an economical price. It is expected to be commercialized in 2020. This battery is supposed to be used in applications such as mobile computing, electric vehicles, and communication devices.
- Huawei (China) − Huawei is a Chinese giant in the space of telecommunications and consumer electronics. The company announced the launch of a patented lithium-silicon battery in October 2018. This battery comes with enhanced fast-charging capacity and ensures safety. The silicon anodes in this battery hold more power than graphite-based anodes, which increases the durability of the battery and its power retention capacity. This battery is expected to be used in the company’s smartphones.
- Enevate (US) − The Company was established in 2005 and is headquartered at California, US. Enevate is engaged in offering li-ion and advanced li-ion battery technologies, specifically for electric vehicles. The company is engaged in developing and licensing advanced li-ion battery technology using silicon anode. The vision behind developing such batteries is to charge the EVs as quickly as refuelling gas cars and promote the mass adoption of these batteries.
- Nanotek Instruments (US) – The Company was established in 1997 and is headquartered at Ohio, US. Nanotek Instruments has expertise in offering cutting edge nanotechnology specifically for consumer applications. The company develops silicon anode technology for lithium-ion batteries that are used in applications such as automotive, consumer electronics, and power.
- Nexeon (UK) – Nexeon develops engineered silicon materials for battery applications. The company’s lithium-ion battery anode technology makes use of silicon in various forms for replacing the conventional graphite anode. It has a sound portfolio of batteries that covers battery materials, processes, and li-ion battery systems.
- Sila Nanotechnologies (US) – The Company was established in 2011 and is headquartered at California, US. Sila Nanotechnologies provides silicon-dominant anode products and silicon anodes for existing battery manufacturing processes.
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.
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