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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Consumer electronics and aviation industries are the most common application areas for silicon batteries. Emerging countries such as South Korea and India offer several growth opportunities for the silicon battery manufacturers and silicon anode material providers.
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.
Key Market Players
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 global silicon battery market.
Amprius Technologies (US) is one of the global leaders in silicon anode technology. Amprius Technologies delivers lithium-ion batteries having higher energy density than standard lithium-ion batteries. Amprius supplies its batteries to smartphone and tablet OEMs. It is also working with OEMs to design custom batteries to fit into consumer electronics. The company offers silicon nanowire batteries with higher energy density, conductivity, and superior cycle life as compared with standard lithium-ion batteries. Its silicon batteries have up to 50% higher energy density than standard lithium-ion batteries with carbon anodes. Amprius has established a complete technology platform that represents the whole battery ecosystem. Amprius offers advanced lithium-ion batteries such as silicon nanowire batteries that are specifically suited for applications such as autonomous and electric vehicles, aerospace and defense, and mission-critical wearables. The company serves its customers in the US, as well as in other countries.
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