DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The global silicon battery market size is expected to grow at a CAGR of 36.2% from 2020 to 2025, reaching USD 177 million by 2025 from USD 38 million in 2020.
Sustained demand from developed nations in North America and Europe and expanding Asian markets such as China, India, and South Korea are driving the sales of consumer electronics. Moreover, safety concerns related to lithium-ion batteries, such as instances of explosion and fire, are pushing the manufacturers to develop safer batteries with high energy density. Therefore, the increased consumer requirements and the other factors above have created a significant opportunity for the growth of the silicon battery market.
Silicon batteries with a capacity range of 3,000-10,000 mAh accounted for the largest share during the forecast period.
Silicon batteries with a voltage range of 3,000-10,000 mAh are expected to hold a significant share of the silicon battery market during the forecast period. Silicon batteries with a capacity range between 3000 mAh and 10,000 mAh are the most commonly available silicon batteries and have a massive demand in the market. These batteries are used for products that require moderate-to-high energy to function.
Applications such as consumer electronics, wearable devices, medical devices, energy harvesting, entertainment, and wireless communication require a power source with a capacity of between 3,000 mAh and 10,000 mAh to operate. Also, Silicon batteries in this range have a higher cycle efficiency and excellent stable cycling performance which makes it a perfect choice for various applications.
Silicon battery market in APAC to witness the highest growth rate in coming years.
The silicon battery industry in APAC is expected to grow at the highest CAGR from 2020 to 2025. The automotive, consumer electronics, and energy end-use applications are expected to drive the demand for advanced batteries in the region. Various efforts made by different regulatory authorities to promote environment-friendly products have led to an increase in the demand for silicon anode batteries in APAC.
Low-cost lithium production, rise in R&D activities for improvements in anode materials, substantial investments by battery companies for the commercialization of silicon batteries, and an increase in the adoption of electric vehicles in developed countries of APAC have driven the regional silicon battery market. Other factors, such as an increase in renewable energy investments, expansion of power generation capacities, and a decline in battery costs due to anode technology advancements, are further fueling the said market in the APAC region.
- High Energy Density Compared to Other Battery Chemistries
- Growing Number of R&D Initiatives By Manufacturers for Improvements in Li-Ion Batteries
- Increasing Adoption of Consumer Electronics
- Excellent Features of Silicon-Based Anode Leading to Improved Lithium-Ion Batteries
- Volumetric Expansion of Silicon When Lithium is Inserted in Batteries
- Significant Rise in Demand for Electric Vehicles
- Need for High-Performance Batteries in Energy Storage Applications
- Poor Cycle Life of Silicon Materials
- Capacity Loss and Low Columbic Efficiency Due to Mechanical Failure
- High Manufacturing Cost of Silicon Batteries
- Amprius Technologies
- Nanotek Instruments
- Leydenjar Technologies
- Targray Technology International
- XG Sciences
- California Lithium Battery
- Connexx Systems
- Oned Material
- Sila Nanotechnologies
- Group14 Technologies
For more information about this report visit https://www.researchandmarkets.com/r/2ua21e