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.
The demand for capacity ranging from 3,000 mAh to 10,000 mAh is expected to grow significantly during the forecast period
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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