Silicon Battery Market Growth 2023, Recent Trends, Demand and Share Estimation with Top Players and Forecast to 2025

Posted February 2, 2023 by avinashgogawale14

The 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 Silicon Battery Market is projected to grow from USD 38 million in 2020 to USD 177 million by 2025, at a CAGR of 36.2% between 2020 to 2025.

Silicon-based materials have the highest capacity among the investigated anode materials. Silicon (Si) anode batteries promise a long battery life and long-lasting storage due to the increased capacity of silicon to store electric charge. Silicon anodes can store up to 10 times more energy than graphite anodes in conventional lithium-ion batteries. Silicon batteries can be found in various applications, from vehicles to medical equipment, energy, aviation, and consumer electronics. Some of the key advantages of silicon batteries are excellent performance, long life, and greater safety.

Increasing demand for Consumer Electronics

Silicon anode batteries are suited for consumer electronics, healthcare, and industrial applications because of their high energy capacity and compact design. Sustained demand from developed nations in North America and Europe and expanding Asian markets such as China, India, and South Korea are driving the need for consumer electronics. Smartphones, laptops, tablets, and wearables are a few of the key products accelerating the overall consumer electronics market. Currently, all consumer electronics products use lithium-ion batteries as the primary source of power.

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Significant rise in demand for Electric Vehicles

One of the significant opportunities for silicon anode batteries is their application in plug-in hybrid electric vehicles (PHEV), battery electric vehicles (BEV), and hybrid electric vehicles (HEV). Amid the rising concerns regarding climate change and pollution levels, the automotive industry has witnessed a significant rise in the demand for BEVs and PHEVs. Moreover, attractive government subsidies have also led to an increased adoption rate of electric vehicles. The positive outlook toward EV sales has encouraged automakers to increase their production.

Key Players:

Some of the major players in the Silicon Battery Market are Amprius Technologies (US), Enovix (US), and Sila Nanotechnologies (US). These players have adopted various growth strategies such as contracts, joint ventures, partnerships & agreements, acquisitions, and new product launches to expand their presence in the 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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Enovix (US) is one of the prominent manufacturers and distributors of silicon batteries. 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. This architecture enables high-capacity silicon anode and improves spatial efficiency to increase energy density. 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) 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. Significant performance improvements are achieved using 3D carbon nets doped with nitrogen. This battery is expected to be used in Huawei smartphones. Huawei’s patented lithium-silicon battery is technologically strong as it would offer much improved fast-charging capability and be safer than the earlier options.

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Last Updated February 2, 2023