Market Drivers:

The sustained demand for consumer electronics in North America and Europe, along with the expanding markets in Asia (such as China, India, and South Korea), are driving the overall demand for consumer electronics. Key products driving this demand include smartphones, laptops, tablets, and wearables. At present, all consumer electronics products use lithium-ion batteries as their primary power source. However, as the reliance on smart gadgets continues to increase, consumers are seeking more efficient batteries that can power devices for longer periods. Additionally, electronics manufacturers are focusing on improving battery safety. As a result, the increased demand from consumers has created a significant opportunity for the growth of the silicon battery market. By using silicon anodes in consumer electronics batteries, manufacturers can design lighter, more compact products without compromising on capacity. Furthermore, the wearable electronics market has seen the launch of various new products with improved features.

Market Restraints:

The primary challenge with using silicon as an anode is its volumetric expansion, which can be up to 300% when it undergoes lithiation. This significant volume change leads to high stress on the battery, resulting in an unstable solid electrolyte interface (SEI) layer. As silicon reacts with lithium during each charge cycle, it expands and contracts considerably, causing the SEI layer to become porous and decompose electrolyte material. This can increase cell resistance and decrease cell efficiency, leading to short circuits and battery failure. Furthermore, the expansion of silicon can cause permanent structural damage to the battery, particularly during the first charging cycle. These challenges have limited the adoption of silicon anode batteries.

Market Opportunity:

Supportive government policies and the shift of utility providers from non-renewable to renewable energy sources are driving the need for better and more advanced battery technologies in electric grid storage applications. Sophisticated lithium-ion battery-based electric grid storage infrastructures are increasingly being used by industries and utility service providers to maintain the balance between supply and demand. This technology allows energy providers to draw extra power from the grid during times of abundant renewable energy sources and supply it back to the grid during periods of high demand or a lack of renewable energy sources. Additionally, the continually decreasing prices of lithium-ion batteries are contributing to the growing use of grid-connected energy storage systems.

3,000 mAh Battery:

Consumer electronics is a key market that has successfully implemented silicon batteries commercially. This application typically requires smaller energy needs that can be met with batteries of less than 3,000 mAh. These batteries are lightweight, compact, and have an excellent charge and discharge cycle rate due to their nano geometry and superior electrical conductivity. Companies are researching and developing batteries with a capacity of more than 3,000 mAh for use in various consumer electronics applications such as hearing aids, smartwatches, headphones, and remote controls. Enovix Corporation and Amprius Technologies, both based in the US, are active in this market segment. Additionally, Sila Nanotechnologies, Inc. has launched its material for WHOOP’s 4.0 series of wearables, allowing for a smaller design, rapid charging, and slow discharge.

MARKET DATA INCLUDED

• Unit Sales, Average Selling Prices, Market Size & Growth Trends
• COVID-19 Impact and Global Recession Analysis
• Analysis of US inflation reduction act 2022
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies – Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Market Drivers & Limiters
• Market Forecasts Until 2028, and Historical Data to 2015
• Recent Mergers & Acquisitions
• Company Profiles and Product Portfolios
• Leading Competitors

The Report Includes:

• The report provides a deep dive into details of the industry including definitions, classifications, and industry chain structure.
• Analysis of key supply-side and demand trends.
• Detailed segmentation of international and local products.
• Historic volume and value sizes, company, and brand market shares.
• Five-year forecasts of market trends and market growth.
• Robust and transparent research methodology conducted in-country.
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
• Provision of market value (USD Billion) data for each segment and sub-segment.
• Analysis by geography, region, Country, and its states.
• A brief overview of the commercial potential of products, technologies, and applications.
• Company profiles of leading market participants dealing in products category.
• Description of properties and manufacturing processes.
• Marketed segments on the basis of type, application, end users, region, and others.
• Discussion of the current state, setbacks, innovations, and future needs of the market.
• Examination of the market by application and by product sizes; utility-scale, medium scale and small-scale.
• Country-specific data and analysis for the United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Switzerland, Australia, India, Italy, Turkey, Qatar, Sweden, Spain, Belgium, Netherlands, Norway, Singapore, Egypt, Denmark, Austria, Vietnam, Brazil, Argentina, Mexico, South Africa, and others.
• Coverage of historical overview, key industrial development and regulatory framework.
• Analysis of competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market.
• A look at the opportunities in the market for stakeholders and provide a competitive landscape of the market leaders.

Reports Scope and Segments:

By Key Components:

• Cathode
• Anode
• Electrolyte
• Others

By Type:

• Cells
• Battery Packs

By Capacity:

• <3,000 mAh
• 3,000-10,000 mAh
• > 10,000 mAh

By Application:

• Consumer Electronics
• Automotive
• Aerospace & Defense
• Medical Devices
• Energy

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)

Companies Covered in Report:

After Sales Support

• Every updated edition of the report and full data stack will be provided at no extra cost for 24 months.
• Latest 2022 base year report.
• Free Updated edition of 2023 every quarter without any hidden cost.
• No user limitation for the report. Unlimited access within the organization.
• Unrestricted post-sales support at no additional cost
• Free report customization (equivalent up to 10 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
• Global Industry Reports will support your post-purchase for a period of 24 months to answer any of your queries related to the following market and to provide you any more data needed, for your analysis.
• Option to purchase regional or some selected Chapters from the report.

Key questions that are answered in this report

• What is the total CAGR expected to be recorded for the silicon battery market during 2023-2028?
• What are the driving factors for the silicon battery market?
• Which application will grow at a fast rate in the future?
• Which are the significant players operating in the silicon battery market?