Silicon Battery Market worth $177 Million USD by 2025, a CAGR of 36.2%

November 15 20:05 2022
Silicon Battery Market worth $177 Million USD by 2025, a CAGR of 36.2%
Silicon Battery Market
The global silicon battery market is expected to grow from USD 38 million in 2020 to USD 177 million by 2025; growing at a CAGR of 36.2%.

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″ The silicon battery market is likely to reach USD 177 million by 2025 from USD 38 million in 2020; it is estimated to record a CAGR of 36.2%. Increasing adoption of EVs and initiatives by manufacturers to develop silicon anode batteries for electric vehicles are some of the key factors supporting the growth of the silicon battery market.

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Browse 99 market data Tables and 48 Figures spread through 182 Pages and in-depth TOC on “Silicon Battery Market and Region – Global Forecast to 2025″View detailed Table of Content here –

Silicon Anode Battery Market

0-3,000 mAh capacity segment accounted for larger market share in 2019.

 The 0-3,000 mAh capacity segment accounted for the largest market share of the silicon battery market in 2019. Silicon batteries with less than 3,000 mAh are light in weight, smaller in size, and have a lower voltage range and shorter shelf life than batteries with higher capacities. These batteries are designed for applications requiring a nominal amount of power for operations. Silicon batteries with this range have a good cycle performance due to the nano geometry and superior electrical conductivity. These batteries also have low first cycle irreversible capacity losses and are ideal for use in power tools, music players, laptops, tablets, digital cameras, and other devices.

 Consumer electronics segment contributed to the largest share of silicon battery market in 2019.

Consumer electronics contributed the largest market share in the silicon battery market in 2019 and is expected to retain its dominant position during the forecast period. Continuous technological developments in consumer electronics have boosted the growth of this market. Silicon batteries offer higher density, better durability, and more energy storage than Li-ion batteries. Consumer electronics require power sources that have high energy and power density to run the devices smoothly. Therefore, the demand for silicon batteries is expected to grow significantly in consumer electronics applications.

North America held a significant share of the silicon battery market in 2019.

North America held a significant share of the silicon battery market in 2019. North America-based companies are developing silicon batteries for applications such as electric vehicles, consumer electronics, and energy applications, which is expected to strengthen the silicon battery market in this region. The US is expected to hold the largest market share in North America and dominate the silicon anode battery market, owing to the high demand for battery-powered electric vehicles and e-bikes in the nation. In addition, the increasing number of projects in North America related to energy storage through renewable energy storage systems are also expected to drive the market.

Amprius Technologies (US), Enovix (US), Enevate (US), Nanotek Instruments (US), Targray Technology International (Canada), XG Sciences (US), Sila Nanotechnologies (US), and Group14 Technologies (US) are a few major players operating in the North American silicon battery market.

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