Silicon Anode Battery Market Size & Share, by Capacity (Less Than 1500 mAh, 1500 to 2500 mAh, Above 2500 mAh); Application (Consumer Electronics, Automobile, Medical Devices, Industrial, Energy Harvesting) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4900
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Silicon Anode Battery Market size is expected to cross USD 211 Billion by the end of 2035, growing at a CAGR of 68% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of silicon anode battery was USD 2 Billion. The reason behind the growth is impelled by the growing demand for electric vehicles. As compared to conventional graphite batteries, silicon anode batteries have a higher energy density which makes them ideal for usage in EVs. 

According to estimates, in 2022, there were more than 9 million electric vehicles sold worldwide, and it is anticipated that the sales will increase by over 33% in 2023.

The growing technological advancements is believed to fuel the market growth. Many companies are offering advanced silicon anode batteries with higher energy density and ultra-thin durability. 

For instance, recently, silicon is being used in solid-state batteries which have given solid-state batteries high energy densities and enhanced safety.


Silicon Anode Battery Market
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Silicon Anode Battery Sector: Growth Drivers and Challenges

Growth Drivers

  • Surge in Launch of Small Spacecraft – For small satellite applications that demand extended life, high energy density, and quick charging periods, silicon anode batteries are a viable technology. Small satellites are frequently employed for a variety of purposes including communication, earth observation, and scientific study therefore, they often need dependable power sources with high energy densities. Over 1700 of the 1849 spacecraft that were launched in 2021 by NASA had a mass of less than 600 kg, known as small satellites.
  • Growth in Operation of Power Grid- Batteries with silicon anodes are appealing for ESS applications since they provide several benefits over conventional lithium-ion batteries with graphite.

Challenges

  • Complex Manufacturing Process – Compared to conventional graphite anode lithium-ion batteries, the manufacture of silicon anode batteries is more difficult as silicon expands its volume more during charging and discharging cycles, which could shorten the lifespan of the battery and cause deterioration over time.
  • Strict Government Regulations
  • High Cost of Silicon Anode Battery

Silicon Anode Battery Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~68%

Base Year Market Size (2022)

~ USD 2 Billion

Forecast Year Market Size (2035)

~ USD 211 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Silicon Anode Battery Segmentation

Application (Consumer Electronics, Energy Harvesting, Automobile, Medical Devices, Industrial)

The medical devices segment in the silicon anode battery market is estimated to gain a robust revenue share of 50% in the coming years owing to the growing demand for health-tracking devices such as smart wearable device, fitness trackers, and other wearable gadgets. Silicon anode batteries could be used in wearable electronics as they provide several advantages such as longer battery life and quicker charging periods. The reduced size and lighter weight of silicon anode batteries also make them ideal for wearable devices that need a portable power source. 

Besides this, silicon anode batteries can also be used to power portable medical equipment including blood glucose meters, ultrasound machines, and EKG monitors.

According to a survey conducted in 2022, it was found that more than 40% of Americans already wear smartwatches and over 15% wear Fitbits.

Capacity (Less Than 1500 mAh, 1500 to 2500 mAh, Above 2500 mAh)

The above 2500 mAh segment is set to garner a notable share shortly since they offer longer run periods between charges, and batteries with higher capacity are more in demand. Silicon anode batteries' superior energy density enables them to offer a higher capacity. As a result, they are appealing for use in battery-intensive applications such as portable devices, energy storage system, and electric cars.

Our in-depth analysis of the global market includes the following segments:

         Capacity

  • Less Than 1500 mAh
  • 1500 to 2500 mAh
  • Above 2500 mAh

          Voltage

  • Below 1.5V
  • 1.5V to 3V
  • Above 3V

           Application

  • Consumer Electronics
  • Automobile
  • Medical Devices
  • Industrial
  • Energy Harvesting

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Silicon Anode Battery Industry - Regional Synopsis

North American Market Forecast

Silicon Anode Battery market in North America is predicted to account for the largest share of 40% by 2035 impelled by the rising environmental concerns. As a result, the government in North America is encouraging the use of renewable energy sources and electric automobiles. The employment of energy-efficient and low-emission technologies is supported by incentives, subsidies, and laws. A promising strategy to lower greenhouse gas emissions and boost energy efficiency is the use of silicon-anode batteries in electric vehicles and renewable energy storage systems. 

According to a survey conducted in 2022, more than 60% of Americans place a higher priority on the development of renewable energy sources.

Europe Market Forecast

The Europe silicon anode battery market is estimated to be the second largest, during the forecast timeframe led by growing spending on research & development. Several top battery producers such as Northvolt, Tesla, and CATL are based in Europe and are substantially investing in the research and development of cutting-edge batteries including silicon anode batteries.

Further, the European Union is sponsoring the development of batteries, which is predicted to accelerate the uptake of silicon anode batteries in Europe.

Research Nester
Silicon Anode Battery Market Size
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Companies Dominating the Silicon Anode Battery Landscape

top-features-companies
    • Panasonic Holdings Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Samsung SDI Co., Ltd.
    • LG Chem Ltd.
    • Tesla
    • Enovix Corporation
    • Enevate Corporation
    • XG Sciences, Inc.
    • Amprius Technologies
    • California Lithium Battery
    • Nanotek Instruments

In-the-news

In The News

  • Enovix Corporation a manufacturer of innovative silicon batteries, has announced that Penang Malaysia would house its first high-volume manufacturing facility.
  • Enevate Corporation announced a new production license agreement with EnerTech International to commercialize its silicon-dominant, XFC-Energy battery technology in the transportation, mobility, and reserve power markets.

Author Credits:  Payel Roy, Dhruv Bhatia


  • Report ID: 4900
  • Published Date: May 02, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for electric vehicles and the growing technological advancements are the major factors driving the growth of the market.

The market size of Silicon Anode Battery is anticipated to attain a CAGR of 68% over the forecast period, i.e., 2023-2035.

The major players in the market are Samsung SDI Co., Ltd., LG Chem Ltd., Tesla, Enovix Corporation, Enevate Corporation, XG Sciences, Inc., Amprius Technologies, California Lithium Battery, Nanotek Instruments.

The medical devices segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Silicon Anode Battery Market Report Scope
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