Lithium Silicon Battery Market by Material, Technology, Capacity (<3,000 mAh, 3,000–10,000 mAh, >10,000 mAh), Application (Consumer Electronics, Automotive, Aerospace & Defense, Medical Devices, Energy) and Region - Global Forecast to 2030
[170 Pages Report] The global lithium silicon battery market size is estimated to grow from USD 10 million in 2022 to USD 247 million by 2030, at a CAGR of 48.4% from 2022 to 2030.
Battery manufacturers are involved in rigorous R&D of lithium silicon batteries for commercialization. Developing silicon material for anodes involves complex processes that are yet to be scalable and efficient. Some companies are trying out different technologies and scalable methods to produce silicon anodes feasibly and with scalability. Major players such as Amprius Inc. (US) and Nexeon Corporation (UK) are working toward developing silicon anode batteries and anode materials with enhanced features. Initiatives taken by these players to launch advanced silicon anode batteries for use across diverse applications are expected to fuel their demand from various end-user industries.
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Market Dynamics
DRIVERS: Enhanced energy density of lithium silicon batteries
Lithium-ion batteries with graphite anodes are highly efficient and used in various applications, from small consumer electronics to large grid energy storage systems. Its high usage in anodes has ensured strong global demand for graphite; however, battery manufacturers have faced supply delays as the world is dependent on China for graphite. Researchers have predicted a huge demand-supply gap for graphite in the coming years. Furthermore, despite its efficiency, graphite does not provide energy rapidly or allow compact, high-capacity applications; this has driven attention toward alternatives such as silicon.
The addition of silicon in anodes can intensify the energy density of the battery along with its capacity. Substituting silicon for graphite as the primary material would improve its ion absorption capacity because each silicon atom can accept up to four lithium ions; in comparison, six carbon atoms in a graphite anode take in just one. Silicon anodes can potentially change li-ion batteries significantly due to their high energy density compared with other metal anodes. They can hold roughly ten times the number of electrons as graphite, leading to lithium-ion batteries with 20–40% higher energy density.
RESTRAINTS: Expansion property of silicon and potential for damage to battery
Lithium-ion batteries have proven their cost-effectiveness and performance in several applications such as consumer electronics, energy storage systems, and electric vehicles. While research has helped improve their performance, these batteries cannot hold a charge for long periods, restricting their use in long-distance fully electric vehicles. To overcome the energy capacity problem, research has moved to better-performing silicon materials to improve the capacity and battery density. However, silicon comes with the issue of material expansion. It can swell up to 300% of its normal size when fully charged, which could break the electrode’s outer filming. The expansion of silicon can cause permanent structural damage to the battery, especially during the first charging cycle. Current research suggests that adding small amounts of silicon to the graphite electrodes to increase the energy density is safe and reliable. However, more research is required before sufficient safety is ensured.
OPPORTUNITIES: Fast-growing demand for EVs
EVs use lithium-ion batteries to extract power; these batteries are popularly used in the automotive sector. The widespread use of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) has boosted the adoption of lithium-ion batteries, which is expected to increase further in the future. The market for EVs for transportation is rapidly evolving due to their energy-saving, pollution-reducing nature. Many automobile companies have already launched their EV model—for instance, Tesla Motors, Inc. (US) has already established a fair market share and become one of the leading manufacturers of high-power EVs.
Other automobile companies such as Toyota Motor Corporation (Japan), Hyundai Motor Company (South Korea), and Ford Motor Company (US) are also involved in the production of EVs. According to International Energy Agency (IEA), the adoption of EVs at the end of the decade is expected to grow by nearly 30% of the current scenario.
CHALLENGES: Expensive and complex production process
Manufacturing silicon anodes or silicon materials requires very high-end equipment; silicon cell fabrication costs are also very high. The development process of silicon material involves very high complexities that can modify raw silicon material. The modifications that make it reliable involve complicated processes to ensure that silicon expansion does not damage the battery. The choice of raw material is also a major factor affecting the final cost. In addition, several nanostructures and morphologies involve extensive and rather costly production steps, which makes them impractical for large-scale industrial production. It is, therefore, a challenge for battery manufacturers to obtain highly efficient electrodes at low costs. Hence, the production costs must be reduced to make silicon anodes cost-effective compared to graphite anodes.
The market for automotive application is expected to grow at an impressive growth rate during the forecast period
The automotive segment will majorly contribute to lithium silicon battery industry demand over the forecast period. EVs are gaining market share in the automotive industry due to the adoption of low-emission automobiles and government initiatives. It is estimated that petrol and diesel automobiles will be banned by the next decade, and EVs will dominate the market. However, EVs have several 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. For instance, Porsche AG has invested in and partnered with Group14 Technologies, Inc. (US) to provide lithium silicon cells, which the automotive company plans to use in future EVs.
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The market in Asia Pacific projected to grow at the highest CAGR from 2022 to 2027.
The Asia Pacific is predicted to have the highest CAGR in the forecast period. The region consists of many developing economies; governments in these countries are working toward the electrification of the automotive sector. Moreover, the increasing population in the region contributes to the high demand for consumer electronics such as mobile phones, tablets, laptops, and others. The disposable income of the population is likewise promoting the growth of consumer electronics segments.
Similarly, the rising population has increased energy demands, resulting in the use of energy storage systems installation. Moreover, the region is the largest consumer electronics manufacturer, with the highest market share in the forecast period. Hence, the APAC lithium silicon battery market is anticipated to grow at the highest CAGR.
Key Market Players
The lithium silicon battery manufactures such as Amprius Technologies (US), Enovix Corporation (US), NanoGraf Corporation (US), Enevate Corporation (US), Sila Nanotechnologies, Inc. (US), and Group14 Technologies, Inc. (US) are among a few key players in the lithium silicon battery market.
Lithium Silicon Battery Market Report Scope:
|
Report Metric |
Details |
| Market Size Value in 2022 | USD 10 Million |
| Revenue Forecast in 2030 | USD 247 Million |
| Growth Rate | 48.4% |
|
Market Size Available for Years |
2019–2030 |
|
Base Year |
2021 |
|
Forecast Period |
2022–2030 |
|
Units |
Value (USD Million) |
|
Segments Covered |
|
|
Geographic Regions Covered |
|
|
Companies Covered |
|
This research report categorizes the lithium silicon battery market by material, technology, capacity, application, and region.
By Material:
- Micronized silicon-carbon powder
- SILA Silicon Anode material
- Porous silicon anodes
- Nano-Porous Silicon
- SiFAB
By Technology:
- 3D Cell Architecture
- 100% Silicon Nanowire Anode Technology
- Nanocarbon scaffold
- Silgrain
- Sinanode
- XFC-Energy Technology
By Capacity
- < 3,000 mAh
- 3,000 to 10,000 mAh
- > 10,000 mAh
- By Application:
- Consumer Eelectronics
- Automotive
- Aerospace & Defense
- Medical Devices
- Energy
By Region
-
North America
- US
- Canada
- Mexico
-
Europe
- Germany
- UK
- France
- Rest of Europe
-
Asia Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia Pacific
-
Rest of the World
- Middle East & Africa
- South America
Recent Developments
- In March 2022, Enovix Corporation launched an advanced technology for silicon lithium batteries to increase the tolerance level of batteries without compromising energy density. The technology provides safer batteries with better lithium plating protection, high thermal conductivity, and better mechanical strength.
- In December 2021, Amprius Technologies developed an advanced technology that charges the battery 0–80% in 6 minutes. The technology has been validated by a Fortune 100 company.
- In September 2021, Sila Nanotechnologies, Inc. launched its next-generation silicon material in Whoop’s 4.0 wearables.
Frequently Asked Questions (FAQs):
What is the total CAGR expected to be recorded for the lithium silicon battery market during 2022-2030?
The global lithium silicon battery market is expected to record a CAGR of 48.4% from 2022–2030
What are the driving factors for the lithium silicon battery market?
Enhanced energy density and growing demand for more efficient, longer-lasting batteries in consumer electronics are key driving factors for this lithium silicon battery market.
Which are the significant players operating in the lithium silicon battery market?
Amprius Technologies (US), Enovix Corporation (US), NanoGraf Corporation (US), and Enevate Corporation (US), are among a few key players in the lithium silicon battery market.
Which region will grow at a fast rate in the future?
The lithium silicon battery market in Asia pacific is expected to grow at the highest CAGR during the forecast period.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 25)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 LITHIUM SILICON BATTERY MARKET: SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
FIGURE 2 LITHIUM SILICON BATTERY MARKET: GEOGRAPHIC SCOPE
1.4 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 28)
2.1 RESEARCH DATA
FIGURE 3 LITHIUM SILICON BATTERY MARKET: RESEARCH DESIGN
2.1.1 LITHIUM SILICON BATTERY MARKET: RESEARCH APPROACH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market size by bottom-up analysis (demand side)
FIGURE 4 LITHIUM SILICON BATTERY MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market size by using top-down analysis (supply side)
FIGURE 5 LITHIUM SILICON BATTERY MARKET: TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY FOR LITHIUM SILICON BATTERY MARKET USING SUPPLY-SIDE ANALYSIS
2.3 DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS AND RISK ASSESSMENT
3 EXECUTIVE SUMMARY (Page No. - 40)
FIGURE 8 LITHIUM SILICON BATTERY MARKET, 2019–2030 (USD MILLION)
FIGURE 9 3,000–10,000 MAH CAPACITY SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 10 CONSUMER ELECTRONICS TO DOMINATE APPLICATIONS MARKET BETWEEN 2022 AND 2030
FIGURE 11 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN LITHIUM SILICON BATTERY MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 43)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR LITHIUM SILICON BATTERY MARKET
FIGURE 12 EXTENSIVE FOCUS AND HIGH INVESTMENTS IN SILICON ANODE R&D TO FUEL MARKET GROWTH DURING FORECAST PERIOD
4.2 LITHIUM SILICON BATTERY MARKET, BY CAPACITY
FIGURE 13 3,000–10,000 MAH BATTERIES TO HOLD LARGEST MARKET SHARE FROM 2022 TO 2030
4.3 LITHIUM SILICON BATTERY MARKET, BY APPLICATION
FIGURE 14 CONSUMER ELECTRONICS APPLICATION TO HOLD LARGEST SHARE OF LITHIUM SILICON BATTERY MARKET IN 2030
4.4 LITHIUM SILICON BATTERY MARKET IN NORTH AMERICA, BY COUNTRY AND APPLICATION
FIGURE 15 CONSUMER ELECTRONICS AND US TO HOLD LARGEST SHARES OF NORTH AMERICAN LITHIUM SILICON BATTERY MARKET IN 2030
4.5 LITHIUM SILICON BATTERY MARKET, BY COUNTRY
FIGURE 16 CHINA TO EXHIBIT HIGHEST CAGR IN LITHIUM SILICON BATTERY MARKET FROM 2022 TO 2030
5 MARKET OVERVIEW (Page No. - 46)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 17 LITHIUM SILICON BATTERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Enhanced energy density of lithium silicon batteries
TABLE 1 COMPARISON OF VARIOUS ANODE MATERIALS USED IN BATTERIES
FIGURE 18 CAPACITY COMPARISON: ANODE MATERIALS
5.2.1.2 Growing demand for more efficient, longer-lasting batteries in consumer electronics
5.2.1.3 Rising demand for better battery technologies in energy storage systems
5.2.1.4 Growing emphasis on R&D to improve battery efficiency and performance
FIGURE 19 LITHIUM SILICON BATTERY MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 Expansion property of silicon and potential for damage to battery
5.2.2.2 Availability of substitutes
FIGURE 20 LITHIUM SILICON BATTERY MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Fast-growing demand for EVs
FIGURE 21 GLOBAL ELECTRIC VEHICLE SHIPMENTS, BY MODE, 2020 TO 2030 (MILLION UNITS)
5.2.3.2 Graphite demand-supply gap favors alternative materials in the battery industry
FIGURE 22 GLOBAL GRAPHITE DEMAND FROM LI-ION BATTERIES
FIGURE 23 LITHIUM SILICON BATTERY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Expensive and complex production process
5.2.4.2 Drawbacks of silicon use
FIGURE 24 LITHIUM SILICON BATTERY MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 25 LITHIUM SILICON BATTERY MARKET: VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM ANALYSIS
FIGURE 26 LITHIUM SILICON BATTERY MARKET: ECOSYSTEM ANALYSIS
TABLE 2 LITHIUM SILICON BATTERY MARKET: ECOSYSTEM
5.5 PRICING ANALYSIS
TABLE 3 AVERAGE SELLING PRICES OF LITHIUM-ION BATTERIES, 2021 (USD PER KWH)
5.5.1 AVERAGE SELLING PRICES OF LITHIUM-ION BATTERIES, BY KEY APPLICATION
FIGURE 27 AVERAGE SELLING PRICE, BY APPLICATION
TABLE 4 AVERAGE SELLING PRICES OF LITHIUM-ION BATTERIES, BY KEY APPLICATION (USD PER KWH)
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 28 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN LITHIUM SILICON BATTERY MARKET
5.7 TECHNOLOGY ANALYSIS
5.7.1 SILICON NANOMATERIALS
5.7.2 SILICON NANOWIRES
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 5 LITHIUM SILICON BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS
5.9 KEY STAKEHOLDERS & BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 29 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE INDUSTRIES
TABLE 6 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE INDUSTRIES (%)
5.9.2 BUYING CRITERIA
FIGURE 30 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES
TABLE 7 KEY BUYING CRITERIA FOR TOP THREE INDUSTRIES
5.10 CASE STUDIES
TABLE 8 LITHIUM SILICON BATTERY USED IN WEARABLES TO REDUCE SIZE WITHOUT COMPROMISING ON BATTERY CAPACITY
TABLE 9 LITHIUM SILICON BATTERY TO INCREASE PERFORMANCE OF US MILITARY WEARABLES
TABLE 10 LITHIUM SILICON BATTERIES REDUCE WEIGHT AND INCREASE DENSITY OF SOLAR AIRCRAFT
5.11 TRADE ANALYSIS
FIGURE 31 IMPORT SCENARIO OF LITHIUM CELLS & BATTERIES, BY KEY COUNTRY, 2017−2021 (USD MILLION)
FIGURE 32 EXPORT DATA FOR LITHIUM CELLS AND BATTERIES, BY KEY COUNTRY, 2017−2021 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 33 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
FIGURE 34 NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 2021
TABLE 11 LIST OF PATENTS IN LITHIUM SILICON BATTERY MARKET, 2019–2021
TABLE 12 US: TOP 20 PATENT OWNERS IN 10 YEARS
5.13 KEY CONFERENCES & EVENTS, 2022–2023
TABLE 13 LITHIUM SILICON BATTERY MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.14 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 14 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.1 STANDARDS
TABLE 18 STANDARDS FOR LITHIUM-ION BATTERIES
6 LITHIUM SILICON BATTERY MARKET, BY MATERIAL (Page No. - 70)
6.1 INTRODUCTION
FIGURE 35 LITHIUM SILICON BATTERY MARKET, BY MATERIAL
6.2 MICRONIZED SILICON-CARBON POWDER
6.3 SILA SILICON ANODE MATERIAL
6.4 POROUS SILICON ANODES
6.5 NANO-POROUS SILICON
6.6 SIFAB
7 LITHIUM SILICON BATTERY MARKET, BY TECHNOLOGY (Page No. - 72)
7.1 INTRODUCTION
FIGURE 36 LITHIUM-ION BATTERY: TECHNOLOGY DEVELOPMENT ROADMAP
7.2 3D CELL ARCHITECTURE
7.3 100% SILICON NANOWIRE ANODE TECHNOLOGY
7.4 NANOCARBON SCAFFOLD
7.5 SILGRAIN
7.6 SINANODE
7.7 XFC-ENERGY TECHNOLOGY
8 LITHIUM SILICON BATTERY MARKET, BY CAPACITY (Page No. - 74)
8.1 INTRODUCTION
FIGURE 37 LITHIUM SILICON BATTERY MARKET, BY CAPACITY
FIGURE 38 3,000–10,000 MAH TO HOLD LARGEST SIZE OF LITHIUM SILICON BATTERY MARKET DURING FORECAST PERIOD
TABLE 19 LITHIUM SILICON BATTERY MARKET, BY CAPACITY, 2019–2021 (USD MILLION)
TABLE 20 LITHIUM SILICON BATTERY MARKET, BY CAPACITY, 2022–2030 (USD MILLION)
8.2 <3,000 MAH CAPACITY
8.2.1 HIGH FLEXIBILITY, COMPACT SIZE, AND LOW WEIGHT OF <3,000 MAH BATTERIES TO DRIVE DEMAND
TABLE 21 <3,000 MAH LITHIUM SILICON BATTERY MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 22 <3,000 MAH LITHIUM SILICON BATTERY MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
TABLE 23 <3,000 MAH LITHIUM SILICON BATTERY MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 24 <3,000 MAH LITHIUM SILICON BATTERY MARKET, BY REGION, 2022–2030 (USD MILLION)
8.3 3,000–10,000 MAH
8.3.1 WIDE ADOPTION OF 3,000–10,000 MAH BATTERIES IN CONSUMER ELECTRONICS AND SMALL DEVICES TO DRIVE MARKET GROWTH
TABLE 25 3,000–10,000 MAH LITHIUM SILICON BATTERY MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 26 3,000–10,000 MAH LITHIUM SILICON BATTERY MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
TABLE 27 3,000–10,000 MAH LITHIUM SILICON BATTERY MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 28 3,000–10,000 MAH LITHIUM SILICON BATTERY MARKET, BY REGION, 2022–2030 (USD MILLION)
8.4 >10,000 MAH
8.4.1 GROWTH OF HIGH ENERGY STORAGE APPLICATIONS TO FUEL DEMAND FOR BATTERIES IN >10,000 MAH RANGE
TABLE 29 >10,000 MAH LITHIUM SILICON BATTERY MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
TABLE 30 >10,000 MAH LITHIUM SILICON BATTERY MARKET, BY REGION, 2022–2030 (USD MILLION)
9 LITHIUM SILICON BATTERY MARKET, BY APPLICATION (Page No. - 82)
9.1 INTRODUCTION
FIGURE 39 LITHIUM SILICON BATTERY MARKET, BY APPLICATION
FIGURE 40 CONSUMER ELECTRONICS TO HOLD LARGEST SIZE OF LITHIUM SILICON BATTERY MARKET DURING FORECAST PERIOD
TABLE 31 LITHIUM SILICON BATTERY MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 32 LITHIUM SILICON BATTERY MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
9.2 CONSUMER ELECTRONICS
9.2.1 RISING NEED FOR BATTERY EFFICIENCY AND LONGER LIFECYCLES IN CONSUMER ELECTRONICS TO FUEL MARKET GROWTH
TABLE 33 LITHIUM SILICON BATTERY MARKET FOR CONSUMER ELECTRONICS, BY CAPACITY, 2019–2021 (USD MILLION)
TABLE 34 LITHIUM SILICON BATTERY MARKET FOR CONSUMER ELECTRONICS, BY CAPACITY, 2022–2030 (USD MILLION)
TABLE 35 LITHIUM SILICON BATTERY MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2019–2021 (USD MILLION)
TABLE 36 LITHIUM SILICON BATTERY MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2022–2030 (USD MILLION)
9.3 AUTOMOTIVE
9.3.1 GROWING DEMAND FOR EVS TO FUEL DEMAND FOR LITHIUM SILICON BATTERIES
TABLE 37 LITHIUM SILICON BATTERY MARKET FOR AUTOMOTIVE, BY CAPACITY, 2022–2030 (USD MILLION)
TABLE 38 LITHIUM SILICON BATTERY MARKET FOR AUTOMOTIVE BY REGION, 2022–2030 (USD MILLION)
9.4 AEROSPACE & DEFENSE
9.4.1 SUCCESSFUL USAGE OF LITHIUM SILICON BATTERIES IN DRONES AND SATELLITES IS DRIVING DEMAND
TABLE 39 LITHIUM SILICON BATTERY MARKET FOR AEROSPACE & DEFENSE, BY CAPACITY, 2019–2021 (USD MILLION)
TABLE 40 LITHIUM SILICON BATTERY MARKET FOR AEROSPACE & DEFENSE, BY CAPACITY, 2022–2030 (USD MILLION)
TABLE 41 LITHIUM SILICON BATTERY MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2019–2021 (USD MILLION)
TABLE 42 LITHIUM SILICON BATTERY MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2022–2030 (USD MILLION)
9.5 MEDICAL DEVICES
9.5.1 GREATER USE OF SMALL MEDICAL DEVICES AND HEALTH WEARABLES TO FUEL MARKET GROWTH
TABLE 43 LITHIUM SILICON BATTERY MARKET FOR MEDICAL DEVICES, BY CAPACITY, 2022–2030 (USD MILLION)
TABLE 44 LITHIUM SILICON BATTERY MARKET FOR MEDICAL DEVICES, BY REGION, 2022–2030 (USD MILLION)
9.6 ENERGY
9.6.1 INCREASING DEMAND FOR EFFICIENT ENERGY STORAGE SYSTEMS WILL BOOST MARKET GROWTH
TABLE 45 LITHIUM SILICON BATTERY MARKET FOR ENERGY, BY CAPACITY, 2022–2030 (USD MILLION)
TABLE 46 LITHIUM SILICON BATTERY MARKET FOR ENERGY, BY REGION, 2022–2030 (USD MILLION)
10 LITHIUM SILICON BATTERY MARKET, BY REGION (Page No. - 92)
10.1 INTRODUCTION
FIGURE 41 LITHIUM SILICON BATTERY MARKET, BY REGION
FIGURE 42 CHINA TO EXHIBIT HIGHEST CAGR IN LITHIUM SILICON BATTERY MARKET FROM 2022 TO 2030
TABLE 47 LITHIUM SILICON BATTERY MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 48 LITHIUM SILICON BATTERY MARKET, BY REGION, 2022–2030 (USD MILLION)
10.2 NORTH AMERICA
FIGURE 43 NORTH AMERICA: SNAPSHOT OF LITHIUM SILICON BATTERY MARKET
FIGURE 44 US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN LITHIUM SILICON BATTERY MARKET DURING FORECAST PERIOD
TABLE 49 NORTH AMERICA: LITHIUM SILICON BATTERY MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
TABLE 50 NORTH AMERICA: LITHIUM SILICON BATTERY MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
TABLE 51 NORTH AMERICA: LITHIUM SILICON BATTERY MARKET, BY CAPACITY, 2019–2021 (USD MILLION)
TABLE 52 NORTH AMERICA: LITHIUM SILICON BATTERY MARKET, BY CAPACITY, 2022–2030 (USD MILLION)
TABLE 53 NORTH AMERICA: LITHIUM SILICON BATTERY MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 54 NORTH AMERICA: LITHIUM SILICON BATTERY MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
10.2.1 US
10.2.1.1 US dominates global market for lithium silicon batteries due to presence of key startups and high investments in silicon anode research
10.2.2 CANADA
10.2.2.1 R&D initiatives to boost market growth in Canada
10.2.3 MEXICO
10.2.3.1 Growing energy demand to boost market growth
10.3 EUROPE
FIGURE 45 EUROPE: SNAPSHOT OF LITHIUM SILICON BATTERY MARKET
FIGURE 46 GERMANY TO GROW AT HIGHEST CAGR IN EUROPEAN MARKET
TABLE 55 EUROPE: LITHIUM SILICON BATTERY MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
TABLE 56 EUROPE: LITHIUM SILICON BATTERY MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
TABLE 57 EUROPE: LITHIUM SILICON BATTERY MARKET, BY CAPACITY, 2019–2021 (USD MILLION)
TABLE 58 EUROPE: LITHIUM SILICON BATTERY MARKET, BY CAPACITY, 2022–2030 (USD MILLION)
TABLE 59 EUROPE: LITHIUM SILICON BATTERY MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 60 EUROPE: LITHIUM SILICON BATTERY MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
10.3.1 UK
10.3.1.1 High demand for EVs to strengthen UK market growth
10.3.2 GERMANY
10.3.2.1 Strong automotive sector to drive demand for lithium silicon batteries
10.3.3 FRANCE
10.3.3.1 Government focus on promoting EV adoption to bolster demand for lithium silicon batteries in France
10.3.4 REST OF EUROPE
10.4 ASIA PACIFIC
FIGURE 47 ASIA PACIFIC: SNAPSHOT OF LITHIUM SILICON BATTERY MARKET
FIGURE 48 CHINA TO ACCOUNT FOR LARGEST SHARE OF ASIA PACIFIC LITHIUM SILICON BATTERY MARKET DURING FORECAST PERIOD
TABLE 61 ASIA PACIFIC: LITHIUM SILICON BATTERY MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
TABLE 62 ASIA PACIFIC: LITHIUM SILICON BATTERY MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
TABLE 63 ASIA PACIFIC: LITHIUM SILICON BATTERY MARKET, BY CAPACITY, 2019–2021 (USD MILLION)
TABLE 64 ASIA PACIFIC: LITHIUM SILICON BATTERY MARKET, BY CAPACITY, 2022–2030 (USD MILLION)
TABLE 65 ASIA PACIFIC: LITHIUM SILICON BATTERY MARKET, BY APPLICATION, 2019–2021 (USD MILLION)
TABLE 66 ASIA PACIFIC: LITHIUM SILICON BATTERY MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
10.4.1 CHINA
10.4.1.1 Large presence of battery, automotive, and consumer electronics manufacturers to fuel market growth
10.4.2 JAPAN
10.4.2.1 High focus on EV manufacturing to fuel market growth in Japan
10.4.3 INDIA
10.4.3.1 Favorable government initiatives to boost industrial growth to drive market growth
10.4.4 SOUTH KOREA
10.4.4.1 Fast-growing electronics and EV sector to fuel demand for lithium silicon batteries
10.4.5 REST OF ASIA PACIFIC
10.5 REST OF THE WORLD
FIGURE 49 MIDDLE EAST & AFRICA TO ACCOUNT FOR LARGEST SHARE OF ROW LITHIUM SILICON BATTERY MARKET DURING FORECAST PERIOD
TABLE 67 ROW: LITHIUM SILICON BATTERY MARKET, BY REGION, 2022–2030 (USD MILLION)
TABLE 68 ROW: LITHIUM SILICON BATTERY MARKET, BY CAPACITY, 2022–2030 (USD MILLION)
TABLE 69 ROW: LITHIUM SILICON BATTERY MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
10.5.1 MIDDLE EAST AND AFRICA
10.5.1.1 Renewable power generation initiatives to fuel MEA market growth
10.5.2 SOUTH AMERICA
10.5.2.1 Increasing focus on industrial development and high demand for energy to boost market growth
11 COMPETITIVE LANDSCAPE (Page No. - 113)
11.1 INTRODUCTION
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
TABLE 70 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN LITHIUM SILICON BATTERY MARKET
11.3 MARKET RANKING ANALYSIS, 2021
TABLE 71 LITHIUM SILICON BATTERY MARKET: MARKET RANKING ANALYSIS (2021)
11.4 COMPANY EVALUATION QUADRANT, 2021
11.4.1 STARS
11.4.2 EMERGING LEADERS
11.4.3 PERVASIVE PLAYERS
11.4.4 PARTICIPANTS
FIGURE 50 LITHIUM SILICON BATTERY MARKET: COMPANY EVALUATION QUADRANT, 2021
11.5 LITHIUM SILICON BATTERY MARKET: COMPANY FOOTPRINT
TABLE 72 OVERALL COMPANY FOOTPRINT
TABLE 73 COMPANY APPLICATION FOOTPRINT
TABLE 74 COMPANY REGIONAL FOOTPRINT
11.6 COMPETITIVE BENCHMARKING
TABLE 75 LITHIUM SILICON BATTERY MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 76 LITHIUM SILICON BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
11.7 COMPETITIVE SITUATIONS AND TRENDS
TABLE 77 LITHIUM SILICON BATTERY MARKET: PRODUCT LAUNCHES
TABLE 78 LITHIUM SILICON BATTERY MARKET: DEALS
12 COMPANY PROFILES (Page No. - 127)
12.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, and MnM View)*
12.1.1 AMPRIUS TECHNOLOGIES
TABLE 79 AMPRIUS TECHNOLOGIES: BUSINESS OVERVIEW
TABLE 80 AMPRIUS TECHNOLOGIES: PRODUCT OFFERINGS
TABLE 81 AMPRIUS TECHNOLOGIES: PRODUCT LAUNCHES
TABLE 82 AMPRIUS TECHNOLOGIES: DEALS
12.1.2 ENOVIX CORPORATION
TABLE 83 ENOVIX CORPORATION: BUSINESS OVERVIEW
TABLE 84 ENOVIX CORPORATION: PRODUCT OFFERINGS
TABLE 85 ENOVIX CORPORATION: PRODUCT LAUNCHES
TABLE 86 ENOVIX CORPORATION: DEALS
TABLE 87 ENOVIX CORPORATION: OTHER DEVELOPMENTS
12.1.3 GROUP14 TECHNOLOGIES, INC.
TABLE 88 GROUP14 TECHNOLOGIES, INC.: BUSINESS OVERVIEW
TABLE 89 GROUP14 TECHNOLOGIES, INC.: PRODUCT OFFERINGS
TABLE 90 GROUP14 TECHNOLOGIES, INC.: DEALS
12.1.4 SILA NANOTECHNOLOGIES, INC.
TABLE 91 SILA NANOTECHNOLOGIES, INC.: BUSINESS OVERVIEW
TABLE 92 SILA NANOTECHNOLOGIES, INC.: PRODUCT LAUNCHES
TABLE 93 SILA NANOTECHNOLOGIES, INC.: DEALS
12.1.5 ELKEM
TABLE 94 ELKEM: BUSINESS OVERVIEW
FIGURE 51 ELKEM: COMPANY SNAPSHOT
TABLE 95 ELKEM: PRODUCT OFFERINGS
12.1.6 LANXI ZHIDE ADVANCED MATERIALS CO., LTD.
TABLE 96 LANXI ZHIDE ADVANCED MATERIALS CO., LTD.: BUSINESS OVERVIEW
TABLE 97 LANXI ZHIDE ADVANCED MATERIALS CO., LTD.: PRODUCT OFFERINGS
12.1.7 NANOSPAN
TABLE 98 NANOSPAN: BUSINESS OVERVIEW
TABLE 99 NANOSPAN: PRODUCT OFFERINGS
12.1.8 NEXEON LIMITED
TABLE 100 NEXEON LIMITED: BUSINESS OVERVIEW
TABLE 101 NEXEON LIMITED: PRODUCT OFFERINGS
TABLE 102 NEXEON LIMITED: PRODUCT LAUNCHES
TABLE 103 NEXEON LIMITED: DEALS
12.1.9 ONED BATTERY SCIENCES
TABLE 104 ONED BATTERY SCIENCES: BUSINESS OVERVIEW
TABLE 105 ONED BATTERY SCIENCES: PRODUCT OFFERINGS
12.1.10 XNRGI
TABLE 106 XNRGI: BUSINESS OVERVIEW
TABLE 107 XNRGI: PRODUCT OFFERINGS
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS
12.2.1 ADVANO
12.2.2 ALKEGEN (SIFAB)
12.2.3 CENATE AS
12.2.4 ENEVATE CORPORATION
12.2.5 E-MAGY
12.2.6 EOCELL, INC.
12.2.7 GLOBAL GRAPHENE GROUP, INC.
12.2.8 LEYDENJAR TECHNOLOGIES B.V.
12.2.9 NANOGRAF CORPORATION
12.2.10 PARACLETE ENERGY, INC.
12.2.11 SILIB
12.2.12 TARGRAY TECHNOLOGY INTERNATIONAL INC.
13 ADJACENT & RELATED MARKETS (Page No. - 153)
13.1 INTRODUCTION
13.2 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION
13.2.1 INTRODUCTION
TABLE 108 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 109 BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
13.2.2 RESIDENTIAL
13.2.2.1 Government initiatives to boost number of residential energy storage projects
TABLE 110 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 111 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 112 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 113 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
TABLE 114 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY ENERGY CAPACITY, 2018–2021 (USD MILLION)
TABLE 115 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY ENERGY CAPACITY, 2022–2027 (USD MILLION)
TABLE 116 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY OWNERSHIP, 2018–2021 (USD MILLION)
TABLE 117 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY OWNERSHIP, 2022–2027 (USD MILLION)
TABLE 118 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 119 BATTERY ENERGY STORAGE SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY REGION, 2022–2027 (USD MILLION)
13.2.3 COMMERCIAL
13.2.3.1 Increased usage of UPS in commercial applications to drive demand for battery energy storage systems
TABLE 120 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 121 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 122 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 123 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
TABLE 124 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY ENERGY CAPACITY, 2018–2021 (USD MILLION)
TABLE 125 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY ENERGY CAPACITY, 2022–2027 (USD MILLION)
TABLE 126 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY OWNERSHIP, 2018–2021 (USD MILLION)
TABLE 127 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY OWNERSHIP, 2022–2027 (USD MILLION)
TABLE 128 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY REGION, 2018–2021 (USD MILLION)
TABLE 129 BATTERY ENERGY STORAGE SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY REGION, 2022–2027 (USD MILLION)
14 APPENDIX (Page No. - 163)
14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATION OPTIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the lithium silicon battery market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. Two sources of information—secondary and primary—have been used to identify and collect information for an extensive technical and commercial study of the lithium silicon battery market.
Secondary Research
Secondary sources include company websites, magazines, industry news, associations, and databases (Factiva and Bloomberg). These secondary sources include annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.
Various secondary sources include corporate filings such as annual reports, investor presentations, and financial statements, trade, business and professional associations, white papers, manufacturing associations, and more.
Primary Research
Primary sources mainly consist of several experts from the core and related industries, along with preferred lithium silicon battery providers, distributors, alliances, standards, and certification organizations related to various segments of this industry’s value chain.
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply-side included various industry experts, such as Chief Experience Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from lithium silicon battery providers, such as Amprius Technologies (US), Enovix Corporation (US), NanoGraf Corporation (US), and Enevate Corporation (US); research organizations, distributors, industry associations, and key opinion leaders. Following is the breakdown of primary respondents.
The breakdown of primary respondents is provided below.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the total size of the lithium silicon battery market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following research methodology has been used to estimate the market size:
- Major players in the industry and markets have been identified through extensive secondary research.
- The industry’s value chain and market size (in terms of value) have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
Report Objectives
- To define, describe, and forecast the lithium silicon battery market based on capacity and application
- To describe and forecast the size of the lithium silicon battery market based on four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World, along with their respective countries
- To provide detailed information regarding factors (drivers, restraints, opportunities, and challenges) influencing the market growth
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market size
- To study the complete value chain of the lithium silicon battery market
- To analyze opportunities for stakeholders by identifying high-growth segments of the market
- To strategically profile the key players and comprehensively analyze their market positions in terms of their ranking and core competencies
- To analyze competitive developments, such as product launches, acquisitions, collaborations, agreements, and partnerships, in the market
Available Customizations
Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Lithium Silicon Battery Market