Silicon Battery Market Dynamics: Insights into the Lucrative $414 Million Industry by 2028

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MarketsandMarkets Presents
The Global Silicon Battery Market Size is
projected to grow from USD 55 million in 2023 to
USD 414 million by 2028, at a CAGR of 49.5
during the forecast period. A lithium-ion
battery is a rechargeable battery in which
lithium ions flow between cathode and anode while
charging and discharging. While conventional
lithium-ion batteries use anode electrodes made
of graphite, silicon batteries consists of
silicon anodes to increase energy density and
capacity. Silicon batteries are small, light,
long-lasting, and can be used in everything from
personal devices to electric vehicles.
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MarketsandMarkets Presents
The market for 3,000-10,000 mAh is expected to
grow at a highest CAGR during the forecast
period The batteries in this capacity range can
be used in a diverse range of applications such
as consumer electronics, drones, power tools,
medical devices, and small industrial equipment.
This capacity range is also expected to be an
ideal energy source for consumer electronics in
the coming years. They can be assembled in a
module format for high-capacity applications.
Such silicon batteries have a greater cycle
efficiency of up to 8590 and have a stable
cycling performance over 200 cycles. Some key
players in this segment are Amprius Technologies,
Inc. (US), Enovix Corporation (US), and Sila
Nanotechnologies, Inc. (US).
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MarketsandMarkets Presents
The Automotive Industry is expected to grow at
highest CAGR from 2023 to 2028 The automotive
industry is expected to be one of the major
segments for silicon batteries in the coming
years. The segment includes battery-driven
vehicles, such as battery electric vehicles,
plug-in hybrid electric vehicles, e-bikes, etc.,
which are the current significant consumers of
lithium-based batteries. EVs are gaining market
share in the automotive industry due to the
rising adoption of low-emission automobiles and
government initiatives. Get PDF Brochure _at_
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MarketsandMarkets Presents
The Automotive Industry is expected to grow at
highest CAGR from 2023 to 2028 It is estimated
that in many countries, petrol and diesel
automobiles will be banned by the next few
decades, and EVs will dominate the global
automotive market. However, EVs have some
drawbacks, such as long charging times and a
limited driving range. This has pushed
manufacturers to collaborate with or invest in
battery manufacturers to improve capacity,
performance, charge times, and driving range.
Automotive companies are taking initiatives to
support the development of silicon anode
batteries for electric vehicles by making
partnerships and investing in silicon battery
technology companies.
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MarketsandMarkets Presents
North America is expected to hold a substantial
share of the Global Silicon Battery Market during
the forecast period Most key market players are
based in the region many products have been
commercialised in the United States and are used
in small consumer electronics.North American
companies are developing silicon batteries for
EVs, consumer electronics, and energy
applications. North America is a highly
competitive market due to the presence of several
players in the US. The market in North America is
expanding due to the presence of key players such
as Amprius Technologies, Inc. (US), Enevate
Corporation (US), Enovix Corporation (US), Sila
Nanotechnologies, Inc. (US), and Group14
Technologies, Inc. (US). These players are
offering or developing silicon anode
batteries/technology/materials for various end
users.
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MarketsandMarkets Presents
Key Players 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). Browse For More Details -
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ilicon-anode-battery-market-38224258.html
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