A Closer Look at the Global Silicon Battery Market: Trends and Forecast
The Silicon Battery Market Size is anticipated to increase at a CAGR of 49.5% from USD 55 million in 2023 to USD 414 million by 2028. The popularity of silicon batteries, which contain silicon anodes, is rising as a result of their superior energy density and capacity compared to traditional lithium-ion batteries. These batteries are portable, durable, and suitable for a variety of uses, including electric cars and personal electronics. The market for silicon batteries is expanding as a result of the rising demand for high-performance batteries.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=38224258
The market for 3,000-10,000 mAh is expected to grow at a highest CAGR during the forecast period
According to a recent analysis, the market for batteries between 3,000 and 10,000 mAh is anticipated to increase at the greatest CAGR during the forecast period. This battery line is adaptable and can be utilised in a variety of settings, such as consumer gadgets, drones, power tools, medical equipment, and small industrial machinery. In the future, they are anticipated to make the best energy sources for consumer devices. These batteries have a higher cycle efficiency of up to 85–90%, with consistent cycling performance over 200+ cycles, and may be combined in a module structure for high-capacity applications. Amprius Technologies, Inc., Enovix Corporation, and Sila Nanotechnologies, Inc. are important participants in this market.
The automotive industry is expected to grow at highest CAGR from 2023 to 2028
According to a recent analysis, the silicon battery market is anticipated to grow at the highest CAGR from 2023 to 2028 in the automotive sector. The segment includes battery-powered vehicles, which at the moment represent the largest consumers of lithium-based batteries. Examples include electric cars, plug-in hybrid electric vehicles, and e-bikes. In order to boost capacity, performance, and charge times, manufacturers have partnered with or invested in battery manufacturers. EVs, however, have drawbacks such lengthy charging periods and a constrained driving range. It is anticipated that the market for silicon batteries in the automotive industry would grow as a result of government attempts to promote low-emission vehicles and the eventual outlawing of gasoline and diesel vehicles in many nations. By collaborating with and investing in silicon battery technology firms, automotive corporations are also promoting the development of silicon anode batteries for electric vehicles.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/silicon-anode-battery-market-38224258.html
North America is expected to hold a substantial share of the global silicon battery market during the forecast period
According to a recent analysis, North America is anticipated to account for a sizeable portion of the worldwide silicon battery market during the forecast year. The majority of significant market participants are based in the area, and many goods used in small consumer electronics have already been made available for purchase in the US. Silicon batteries are being developed by North American businesses for use in energy storage, consumer electronics, and electric cars. The US has a number of significant businesses, which makes the North American market extremely competitive. Amprius Technologies, Inc., Enevate Corporation, Enovix Corporation, Sila Nanotechnologies, Inc., and Group14 Technologies, Inc. are a few of the major competitors in the area. For a variety of end users, these businesses provide or are developing silicon anode batteries, technology, and materials.
The major players in this market includes Amprius Technologies, Inc. (US), Enovix Corporation (US), Enevate Corporation (US), NanoGraf Corporation (US), Sila Nanotechnologies, Inc. (US), Group14 Technologies, Inc. (US), and Nexeon Limited (UK).
News Covered:
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
Comments
Post a Comment