Silicon Battery Market & Opportunity Assessment, 2020-2025 - Poor Cycle Life of Silicon Materials is a Major Challenge
DUBLIN, March 12, 2020 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.
The global silicon battery market size is expected to grow at a CAGR of 36.2% from 2020 to 2025, reaching USD 177 million by 2025 from USD 38 million in 2020. Consumer electronics require power sources that have high energy and power density to run the devices smoothly; hence all consumer electronics products use lithium-ion batteries as the primary source of power.
Sustained demand from developed nations in North America and Europe and expanding Asian markets such as China, India, and South Korea are driving the sales of consumer electronics. Moreover, safety concerns related to lithium-ion batteries, such as instances of explosion and fire, are pushing the manufacturers to develop safer batteries with high energy density. Therefore, the increased consumer requirements and the other factors above have created a significant opportunity for the growth of the silicon battery market.
Silicon batteries with a capacity range of 3,000-10,000 mAh accounted for the largest share during the forecast period.
Silicon batteries with a voltage range of 3,000-10,000 mAh are expected to hold a significant share of the silicon battery market during the forecast period. Silicon batteries with a capacity range between 3000 mAh and 10,000 mAh are the most commonly available silicon batteries and have a massive demand in the market. These batteries are used for products that require moderate-to-high energy to function.
Applications such as consumer electronics, wearable devices, medical devices, energy harvesting, entertainment, and wireless communication require a power source with a capacity of between 3,000 mAh and 10,000 mAh to operate. Also, Silicon batteries in this range have a higher cycle efficiency and excellent stable cycling performance which makes it a perfect choice for various applications.
Silicon battery market in APAC to witness the highest growth rate in coming years.
The silicon battery industry in APAC is expected to grow at the highest CAGR from 2020 to 2025. The automotive, consumer electronics, and energy end-use applications are expected to drive the demand for advanced batteries in the region. Various efforts made by different regulatory authorities to promote environment-friendly products have led to an increase in the demand for silicon anode batteries in APAC.
Low-cost lithium production, rise in R&D activities for improvements in anode materials, substantial investments by battery companies for the commercialization of silicon batteries, and an increase in the adoption of electric vehicles in developed countries of APAC have driven the regional silicon battery market. Other factors, such as an increase in renewable energy investments, expansion of power generation capacities, and a decline in battery costs due to anode technology advancements, are further fueling the said market in the APAC region.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in Silicon Battery Market
4.2 Market, By Capacity
4.3 Market in APAC, By Country and Application
4.4 Market, By Application
4.5 Market, By Country, 2019
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Energy Density Compared to Other Battery Chemistries
5.2.1.2 Growing Number of R&D Initiatives By Manufacturers for Improvements in Li-Ion Batteries
5.2.1.3 Increasing Adoption of Consumer Electronics
5.2.1.4 Excellent Features of Silicon-Based Anode Leading to Improved Lithium-Ion Batteries
5.2.2 Restraints
5.2.2.1 Volumetric Expansion of Silicon When Lithium is Inserted in Batteries
5.2.3 Opportunities
5.2.3.1 Significant Rise in Demand for Electric Vehicles
5.2.3.2 Need for High-Performance Batteries in Energy Storage Applications
5.2.4 Challenges
5.2.4.1 Poor Cycle Life of Silicon Materials
5.2.4.2 Capacity Loss and Low Columbic Efficiency Due to Mechanical Failure
5.2.4.3 High Manufacturing Cost of Silicon Batteries
5.3 Value Chain Analysis
6 Components Used in Silicon Batteries
6.1 Introduction
6.2 Cathode
6.2.1 Cathode Plays A Crucial Role By Determining Capacity and Voltage of Silicon Batteries
6.3 Anode
6.3.1 Silicon is One of the Promising Alternative to Lithium for Anode Due to Its High Theoretical Capacity
6.4 Electrolyte
6.4.1 Influence of Electrolyte Additives Improves Electrochemical Performance of Silicon Anodes
6.5 Others
7 Types of Silicon Battery
7.1 Introduction
7.2 Cell
7.2.1 Light Weight and Easy Installation Create Demand for Cell Type Silicon Batteries in Consumer Electronics Industry
7.3 Battery Pack
7.3.1 Battery Packs are Used in High Energy Density Applications
8 Silicon Battery Market, By Capacity
8.1 Introduction
8.2 0 to 3,000 mAh
8.2.1 Compact Silicon Batteries are Mainly Used in Consumer Electronics
8.3 Between 3,000 mAh and 10,000 mAh
8.3.1 3,000-10,000 mAh Silicon Battery Market Expected to Grow at the Highest CAGR Between 2020 and 2025
8.4 Between 10,000 mAh and 60,000 mAh
8.4.1 10,000-60,000 mAh Silicon Battery Market for Automotive Expected to Grow at Highest Rate During the Forecast Period
8.5 60,000 mAh and Above
8.5.1 60,000 mAh & Above Silicon Batteries Provide High Power Capacity and Long Cycling Life
9 Silicon Battery Market, By Application
9.1 Introduction
9.2 Consumer Electronics
9.2.1 Smartphones
9.2.1.1 Need for Long Battery Life and Lightweight Battery Options is Driving Adoption of Lithium Silicon Batteries in Smartphones
9.2.2 Laptops
9.2.2.1 Silicon Anode Batteries Increase Storage Capacity of Lithium-Ion Batteries and Subsequently Boost Runtime of Laptops
9.2.3 Wearable Devices
9.2.3.1 Major Initiatives are Taken By Companies to Launch Silicon Anode Batteries for Wearable Devices
9.2.4 Others
9.3 Automotive
9.3.1 Battery Electric Vehicles
9.3.1.1 Lithium-Silicon One of the Future Technologies for Battery Electric Vehicles Which Will Improve Performance, Hold More Energy, and Last Longer at A Lower Cost
9.3.2 Plug-In Hybrid Electric Vehicles
9.3.2.1 Low Self-Discharge Rate, High Output, and High Energy Density are Driving the Adoption of Silicon Batteries in Plug-In Hybrid Electric Vehicles
9.3.3 Others
9.4 Aviation
9.4.1 Silicon Batteries are an Excellent Option for Powering Commercial Drones
9.5 Energy
9.5.1 Increase in Global Demand for Energy is Leading to Rising Adoption of Silicon Anode Batteries for Energy Application
9.6 Medical Devices
9.6.1 Medical Devices are Equipped With High-Power Silicon Anode Lithium-Ion Batteries for Accessibility and Control
10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 US has Significant Growth Potential as It is Home to Majority of Well-Established Providers of Silicon Anode Technology
10.2.2 Canada
10.2.2.1 Canadian R&D Centers are Focused on Improving Technological Capabilities of Silicon Batteries
10.2.3 Mexico
10.2.3.1 Rising Investments in Automotive Sector are Propelling Growth of Silicon Battery Market in Mexico
10.3 Europe
10.3.1 Germany
10.3.1.1 Well-Established Automotive Sector in Germany is Boosting Silicon Battery Market in the Country
10.3.2 UK
10.3.2.1 High Adoption of Electric Vehicles in UK Would Provide Growth Opportunities for Silicon Battery Market
10.3.3 France
10.3.3.1 Government Investments in Battery Production Expected to Boost Silicon Battery Market Growth in France
10.3.4 Rest of Europe
10.3.4.1 Rising Penetration of Electric Vehicles and Government Policies Regarding Use of Battery-Powered Vehicles are Driving Silicon Battery Market in Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.2.1 Japan is Expected to Witness Substantial Investments By Various Companies to Establish Their Silicon Anode Battery Manufacturing Base in the Country
10.4.3 India
10.4.3.1 R&D Initiatives for Anode Material and Government Encouragement for Using Renewable Sources to Create Growth Opportunities for Silicon Battery Market
10.4.4 South Korea
10.4.4.1 Rising R&D Activities to Enhance Performance and Capacity of Silicon Batteries to Drive South Korean Silicon Battery Market
10.4.5 Rest of APAC
10.4.5.1 Increasing Use of Consumer Electronics and Need for Abundant Power are Driving Silicon Battery Market in Rest of APAC
10.5 RoW
10.5.1 Middle East & Africa
10.5.1.1 Huge Reserves of Minerals Likely to Boost Demand for Silicon Batteries in Middle East & Africa
10.5.2 South America
10.5.2.1 Lithium Reserves in the Region for Battery Manufacturing Propel Silicon Battery Market in South America
11 Company Profiles
11.1 Amprius Technologies
11.1.1 Business Overview
11.1.2 Products Offered
11.1.3 Recent Developments
11.1.4 SWOT Analysis
11.2 Enovix
11.3 Huawei
11.4 Enevate
11.5 Nanotek Instruments
11.6 Nexeon
11.7 Eocell
11.8 Leydenjar Technologies
11.9 Targray Technology International
11.10 Enwair
11.11 Silib
11.12 Right-to-Win
11.13 Other Players
11.13.1 XG Sciences
11.13.2 California Lithium Battery
11.13.3 Connexx Systems
11.13.4 Oned Material
11.13.5 Sila Nanotechnologies
11.13.6 Group14 Technologies
12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis, 2019
12.3 Competitive Leadership Mapping
12.3.1 Visionary Leaders
12.3.2 Dynamic Differentiators
12.3.3 Innovators
12.3.4 Emerging Companies
12.4 Competitive Situations and Trends
12.4.1 Agreements, Collaborations, and Partnerships
For more information about this report visit https://www.researchandmarkets.com/r/ds9vx6
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