Global Silicon Battery Market Analysis –Trends, Insights & Forecasts (2023-2028)

  • Publish Date
    September 29, 2023
  • No of Pages
    345
  • SKU Code
    GIR 7913
  • Format

Report Overview

  • Understand the latest market trends and future growth opportunities for the Silicon Battery industry globally with research from the Global Industry Reports team of in-country analysts – experts by industry and geographic specialization.
  • Key trends are clearly and succinctly summarized alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight, and confident growth projections.
  • The report will cover the overall analysis and insights in relation to the size and growth rate of the “Silicon Battery Market” by various segments at a global and regional level for the 2010-2028 period, with 2010-2021 as historical data, 2022 as a base year, 2023 as an estimated year and 2023-2028 as forecast period.

Description:

  • According to GIR Research, the size of the silicon battery market will experience significant growth, increasing from USD 55 million in 2023 to USD 414 million by 2028, with a compound annual growth rate (CAGR) of 49.5%. Silicon batteries are a type of lithium-ion battery that uses silicon material in the anode, resulting in higher energy storage capacity and longer battery life. The high energy density of silicon batteries compared to other battery chemistries, as well as the increasing number of research and development initiatives by manufacturers to improve Li-ion batteries, are major drivers of the silicon battery market. Additionally, government initiatives aimed at commercializing electric vehicles have also contributed to the growth of the silicon battery market. Finally, the demand for compact batteries with increased capacity driven by the consumer electronics industry has also helped to drive demand for silicon batteries.

Silicon Battery Market 2023

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 SalesAverage Selling PricesMarket 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:

Report Attribute Details
Market size value in 2023 USD 56 Million
Revenue forecast in 2028 USD 415 Million
Growth Rate CAGR of 49.6% from 2022 to 2028
Base year for estimation 2022
Historical data 2015 – 2021
Forecast period 2023 – 2028
Quantitative units Revenue in USD million and CAGR from 2022 to 2028
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, trends, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios

Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.

Segments covered Components, Type, Capacity, Application, Region
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East and Africa and rest of the world
Country scope 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.
Key companies profiled Amprius Technologies, Inc.; California Lithium Battery Inc.; E-magy; Enevate Corporation; Enovix Corporation; Group14 Technologies, Inc.; Huawei Technologies Co. Ltd.; LG Chem Ltd.; NanoGraf Corporation; Nexeon Limited; Panasonic Corporation; Samsung SDI Co. Ltd.; Sila Nanotechnologies, Inc.; Tesla Inc. and others
Customization scope Free report customization (equivalent up to 20 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
Report Format PDF, PPT, Excel & Online User Account

 

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:

Amprius Technologies, Inc. LG Chem Ltd.
California Lithium Battery Inc. NanoGraf Corporation
E-magy Nexeon Limited
Enevate Corporation Panasonic Corporation
Enovix Corporation Samsung SDI Co. Ltd.
Group14 Technologies, Inc. Sila Nanotechnologies, Inc.
Huawei Technologies Co. Ltd. Tesla Inc.

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?
  • Executive Summary
  • Research Methodology
    • Primary Research
    • Secondary Research
    • Market Analytics
    • Revenue Forecasting
  • Market Overview
    • Market Definition
    • Scope of the Study
      • Research Objectives
      • Assumptions & Limitations
      • Market Structure
    • Market Dynamics
      • Introduction
      • Microeconomic Factor Analysis
      • Market Evolution
      • Technology Roadmap
      • Demand-Supply Dynamics
      • Growth Drivers
      • Restraints
      • Opportunities
      • Challenges
      • Sustainable Strategies
    • Market Trend Analysis (Product Analysis, Technology Analysis, Application Analysis)
    • Industry Analysis
      • Profitability analysis
      • Supply Chain & Value Chain Analysis
      • Porter’s Five Forces Analysis
        • Bargaining power of Suppliers
        • Bargaining Power of Buyers
        • Threat of substitutes
        • Threat of new entrants
        • Degree of Competition
      • PEST Analysis
      • Upstream and downstream profitability analysis and opportunities

Global Market Scope

  1. Market analysis by product category
  2. Market analysis by component / type
  3. Market analysis by technology
  4. Market analysis by application
  5. Market analysis by industry vertical
  6. Market analysis by end-use
  7. Market analysis by emerging technologies, trends and applications
  8. Market analysis by region
    • North America
      • US
      • Canada
      • Mexico
      • Others
    • South America
      • Brazil
      • Argentina
      • Chile
      • Colombia
      • Peru
      • Venezuela
      • Ecuador
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Russia
      • Italy
      • Spain
      • Sweden
      • Netherlands
      • Poland
      • Austria
      • Belgium
      • Finland
      • Norway
      • Switzerland
      • Denmark
      • Czech Republic
      • Portugal
      • Others
    • Asia-Pacific
      • China
      • Japan
      • South Korea
      • Taiwan
      • India
      • Australia
      • Indonesia
      • Philippines
      • Malaysia
      • Others
    • Middle East
      • Iran
      • Turkey
      • Kuwait
      • UAE
      • Israel
      • Oman
      • Bahrain
      • Saudi Arabia
      • Qatar
      • Egypt
      • Others
    • Africa
      • Algeria
      • Libya
      • South Africa
      • Sudan
      • Zimbabwe
      • Others
  1. Competitive Landscape
    • Introduction
    • Market share analysis by key market players (North America, South America, Europe, APAC, Africa)
    • Market Strategy
    • Mergers and Acquisitions
    • New Product Launches
    • Asset Transactions
    • Financial Announcements
  2. Company Profile (key market players)
    • Company profile 1
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 2
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 3
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 4
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 5
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 6
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 7
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 8
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 9
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
    • Company profile 10
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Benchmarking
      • SWOT Analysis
  1. Other Companies

150+

Methodology

Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Global Industry Reports

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.