Silicon Battery Market

Silicon Battery Market by Capacity (<3,000 mAh, 3,00010,000 mAh, >10,000 mAh), Component (Cathode, Anode, Electrolyte), Application (Aerospace & Defense, Consumer Electronics, Automotive, Medical Devices, Energy) and Region - Global Forecast to 2028

Report Code: SE 4533 Mar, 2023, by marketsandmarkets.com

Silicon Battery Market

Silicon Battery Market size is expected to grow at a CAGR of 36.2% by 2025.


Silicon Battery Market and Top Companies


  • Amprius Technologies (US) −The Company was established in 2009 and is headquartered in California, US. Amprius Technologies delivers lithium-ion batteries having higher energy density than standard lithium-ion batteries. Amprius supplies its batteries to smartphone and tablet OEMs. The company maintains an R&D lab and corporate headquarters in California (US), an R&D lab and state-of-the-art pilot production line in Nanjing (China), and a manufacturing facility in Wuxi (China). The company serves its customers in the US, as well as in other countries.
  • Enovix (US) −The Company was established in 2007 and is headquartered in California, US. Enovix is constructing a next-generation lithium-ion battery using its 3D cell architecture and high-capacity silicon anode. This 3D silicon lithium-ion battery offers increased energy density and enhanced safety at an economical price. It is expected to be commercialized in 2020. This battery is supposed to be used in applications such as mobile computing, electric vehicles, and communication devices.
  • Huawei (China) − Huawei is a Chinese giant in the space of telecommunications and consumer electronics. The company announced the launch of a patented lithium-silicon battery in October 2018. This battery comes with enhanced fast-charging capacity and ensures safety. The silicon anodes in this battery hold more power than graphite-based anodes, which increases the durability of the battery and its power retention capacity. This battery is expected to be used in the company’s smartphones.
  • Enevate (US) − The Company was established in 2005 and is headquartered at California, US. Enevate is engaged in offering li-ion and advanced li-ion battery technologies, specifically for electric vehicles. The company is engaged in developing and licensing advanced li-ion battery technology using silicon anode. The vision behind developing such batteries is to charge the EVs as quickly as refuelling gas cars and promote the mass adoption of these batteries.
  • Nanotek Instruments (US) – The Company was established in 1997 and is headquartered at Ohio, US. Nanotek Instruments has expertise in offering cutting edge nanotechnology specifically for consumer applications. The company develops silicon anode technology for lithium-ion batteries that are used in applications such as automotive, consumer electronics, and power.
  • Nexeon (UK) – Nexeon develops engineered silicon materials for battery applications. The company’s lithium-ion battery anode technology makes use of silicon in various forms for replacing the conventional graphite anode. It has a sound portfolio of batteries that covers battery materials, processes, and li-ion battery systems.
  • Sila Nanotechnologies (US) – The Company was established in 2011 and is headquartered at California, US. Sila Nanotechnologies provides silicon-dominant anode products and silicon anodes for existing battery manufacturing processes.

Silicon Battery Market and Top Applications


  • Consumer Electronics – Silicon batteries are used in various applications in the consumer electronics industry such as smartphones, wearables, laptops, home devices, portable tools, and portable media players. Silicon batteries offer higher density, better durability, and more energy storage compared with li-ion batteries. Silicon anode batteries offer considerably longer lifecycle, and performance that is more consistent; therefore, these batteries are being rapidly adopted for use in laptops and tablets. Consumer electronics require power sources that have high energy and power density to run the devices smoothly. Therefore, silicon batteries are significantly demanded in the consumer electronics application.
  • Automotive − The automotive industry is expected to be one of the major segments for lithium silicon batteries. The automotive segment includes battery-driven vehicles, such as battery electric vehicles, plug-in hybrid electric vehicles, and e-bikes, which are the major consumers of lithium silicon battery. EVs require batteries that can perform in extreme temperatures and have advantages such as reliability, long life, fast charging, and high energy density, which makes silicon batteries an ideal option for these vehicles. Increasing adoption and awareness of EVs, and initiatives taken by manufacturers to develop silicon anode batteries for electric vehicles are some of the factors supporting the growth of lithium silicon battery market.
  • Aviation – Silicon batteries are used in various applications in the aviation industry. Silicon batteries offer ultra-high energy density and superior cycle life which enables the aircrafts, satellites, drones, and spacecraft to fly for long. Silicon batteries are an excellent option for powering commercial drones. Silicon batteries with their superior energy density are expected to replace the existing traditional lithium-ion batteries in the near future.
  • Energy − Silicon anode batteries are expected to be used in the energy application in future. The high-capacity silicon batteries are used for powering industrial applications, power backup systems, energy storage systems, emergency power systems, and micro grids. Energy harvesting, when implemented by using silicon anode batteries, can make devices last longer and help efficiently power a wide range of devices.
 

[154 Pages Report] The silicon battery market size is predicted to grow from USD 55 million in 2023 to USD 414 million by 2028, at a CAGR of 49.5%. Silicon batteries are next-generation lithium-ion batteries that use silicon material as the anode, which helps increase the amount of energy stored in a battery cell. Silicon anodes have a higher energy storage capacity and longer battery life. Major driving factors for the silicon battery market include the high energy density of silicon batteries compared to other battery chemistries and the rising number of R&D initiatives by manufacturers to improve Li-ion batteries. Government initiatives for commercializing electric vehicles (EVs) also propelled the silicon battery market growth. The growth of the consumer electronics industry has also driven demand for compact batteries with increased capacity.

Silicon Battery Market

Silicon Battery Market Forecast to 2028

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Market Dynamics

DRIVERS: Increasing demand for high-capacity and lightweight batteries in consumer electronics

Sustained demand from developed nations in North America and Europe and expanding Asian markets such as China, India, and South Korea drive consumer electronics demand. Smartphones, laptops, tablets, and wearables are a few of the key products accelerating the overall consumer electronics market. Currently, all consumer electronics products use lithium-ion batteries as the primary power source. However, as the dependence on smart gadgets increases, consumers seek efficient batteries to power devices for longer. Electronics manufacturers are also focusing on better safety. Therefore, increased consumer requirements have created a significant opportunity for the growth of the silicon battery market. Adopting silicon anodes in consumer electronics batteries allows manufacturers to design compact, lighter products without compromising capacity. Various new products with improved features have been launched in the wearable electronics market.

RESTRAINTS: Volumetric expansion in silicon batteries

The biggest problem with silicon as an anode is a volumetric expansion of up to 300%—when silicon is lithiated. High stress is induced by the significant volume change of silicon when lithium is inserted into a silicon anode battery. As silicon reacts with lithium inside the battery during each charge cycle, it expands and contracts by as much as 300%, resulting in an unstable solid electrolyte interface (SEI) layer of decomposed electrolyte material. The SEI layer becomes porous, increasing cell resistance and decreasing cell efficiency. This can consequently lead to short circuits and, ultimately, battery failure. The expansion of silicon can cause permanent structural damage to the battery, especially during the first charging cycle. These drawbacks have limited the adoption of silicon anode batteries.

OPPORTUNITIES: Need for high-performance batteries in energy storage applications

The need for better and more advanced battery technologies in electric grid storage applications is driven by supportive government policies and the migration of utility providers from non-renewable to renewable energy sources. Industries and utility service providers increasingly use sophisticated lithium-ion battery-based electric grid storage infrastructures to maintain the supply-demand balance. The electric grid storage technology helps energy providers draw extra power from the grid when renewable energy sources are abundant and supply it back to the grid in case of a surge in demand or the absence of renewable energy sources. Constantly declining prices of lithium-ion batteries are also contributing to the rising applications of grid-connected energy storage systems.

CHALLENGES: Poor cycle life resulting from pulverization of Si particles during volumetric fluctuations

Poor cycle life of silicon materials results from the pulverization of Si particles during volumetric fluctuations (>300%), which lead to cracking and adhesion problems in the silicon electrode. This leads to the loss of electrical contact and a short life cycle. While the battery discharges, the silicon shrinks to its earlier size and gets electrically disconnected from the electrode. In the next charging cycle, when the silicon gets swollen, there are chances of cracks appearing on the surface. This can further reduce the battery life and can permanently damage the anode. Additionally, when the silicon particles are disconnected, they do not tend to absorb the lithium ions further, which can stress the neighboring particles to accept the excess lithium ions, resulting in overcharging and permanent battery damage. To overcome these challenges, several structural design measures can be implemented. Nanostructuring electrodes can minimize material stress with enough space volume to accommodate expansion. The generation of nanostructures, such as nanofibers, nanowires, thin films, core-shell, and hollow Si with and without clamping, has been investigated and proved adaptable for improving the life cycle and facilitating the efficient transfer of lithium.

< 3,000 mAh battery segment expected to hold a substantial market share during the forecast period.

Consumer electronics is one of the key markets that has successfully tested the application of silicon batteries commercially. Products in this application generally have smaller energy needs that can be fulfilled with <3,000 mAh batteries. These batteries are lightweight, compact, and have an excellent charge and discharge cycle rate. The batteries have good cycle performance due to nano geometry and superior electrical conductivity. Various companies are researching and developing >3,000 mAh batteries for applications in consumer electronics, such as hearing aids, smartwatches, headphones, and remote controls. Enovix Corporation (US) and Amprius Technologies (US) are active in this market segment. Sila Nanotechnologies, Inc. has also launched its material for WHOOP’s 4.0 series of wearables, allowing smaller design, rapid charging, and slow discharge.

The market for medical devices application is projected to grow at an impressive CAGR during the forecast period

Technological advancements in medicine and device miniaturization have generated opportunities for batteries in medical devices, such as wearables, implants, hearing aids, monitors, pacemakers, surgical tools, monitors, and meters. While most medical devices use lithium-ion batteries, advanced diminutive devices need smaller batteries with higher capacities. Thus, silicon batteries are expected to replace Li-ion batteries in the coming years. The medical devices market is also governed by requirements from bodies like the US FDA, which specify standards for medical device batteries. For example, bioengineering devices require minute lithium-ion batteries. These devices are implanted within the body to help monitor and maintain health. Small lithium-ion batteries are insufficient to power them for long periods, so the focus has shifted to silicon batteries. As a result, medical devices are a potential market for silicon batteries.

Silicon Battery Market by Region

Silicon Battery Market by Region

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The market in Asia Pacific projected to grow at the highest CAGR from 2023 to 2028.

The Asia Pacific region consists of some key countries such as China, Japan, India, South Korea, and others, which are expected to offer ample growth opportunities for silicon battery market. For instance, Japan is a developed economy with a strong potential market for EV batteries. It is home to major automobile manufacturers developing EVs, including Toyota Corporation, Honda, and Mitsubishi Electric Corporation. Thus, the demand for lithium-ion batteries and other advanced batteries like silicon anode batteries will certainly rise in the country. Many research institutes have undertaken R&D in silicon anode technology in lithium-ion batteries. For instance, a team of scientists from the Japan Advanced Institute of Science and Technology (JAIST) studied the use of silicon anodes to solve major drawbacks in lithium-ion batteries. Such studies and the strong end-use markets of the country will support the commercialization of silicon batteries.

Key Market Players

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) are among a few top players in the silicon battery market.

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2019–2028

Base Year

2022

Forecast Period

2023–2028

Units

Value (USD Million)

Segments Covered

Components, Type, Capacity, and Application

Geographic Regions Covered

North America, Asia Pacific, Europe, and RoW

Companies Covered

Major Players: Amprius Technologies, Inc. (US), Enovix Corporation (US), Enevate Corporation (US), and NanoGraf Corporation (US), Sila Nanotechnologies, Inc. (US), Group14 Technologies, Inc. (US), Nexeon Limited (UK), and E-magy (Netherlands), and Others- (Total 22 players have been covered)

Silicon Battery Market Highlights

This research report categorizes the silicon battery market by key components, type, capacity, application, and region.

Segment

Subsegment

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 Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • Middle East & Africa
    • South America

Recent Developments

  • In January 2023, Nexeon Limited announced a partnership with automotive and solid-state battery manufacturers which are Bayerische Motoren Werke AG (Germany) and Ilika plc (UK), respectively. The company will provide its NSP-2 material to develop solid-state batteries for EVs. The material will be used in the anode of the SSB battery cell.
  • In March 2022, Enovix Corporation launched an advanced technology for silicon lithium batteries to increase the tolerance level of batteries without compromising the energy density. The technology provides safer batteries with better lithium plating protection, high thermal conductivity, and better mechanical strength.
  • In February 2022, Nexeon Limited licensed its NSP-1 product to SKC Co. Ltd. to support and strengthen large-scale product commercialization
  • In February 2022, Amprius Technologies, Inc. announced the shipment of its first commercially available 450 Wh/kg, 1150 Wh/L lithium-ion battery cells delivered to one of the industry leaders in the High-Altitude Pseudo Satellites (HAPS) project (name not disclosed).

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 21)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 SILICON BATTERY MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
                    FIGURE 2 SILICON BATTERY MARKET: REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 LIMITATIONS 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 26)
    2.1 RESEARCH DATA 
           FIGURE 3 SILICON BATTERY MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
                    FIGURE 4 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 primaries
    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
                               FIGURE 5 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
                               FIGURE 6 SILICON BATTERY MARKET: TOP-DOWN APPROACH
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR SILICON BATTERY MARKET USING SUPPLY-SIDE ANALYSIS
    2.3 DATA TRIANGULATION 
           FIGURE 8 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
    2.5 RECESSION IMPACT: RESEARCH APPROACH 
    2.6 LIMITATIONS AND RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 37)
           FIGURE 9 SILICON BATTERY MARKET, 2019–2028 (USD MILLION)
           FIGURE 10 3,000–10,000 MAH CAPACITY SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
           FIGURE 11 CONSUMER ELECTRONICS APPLICATION TO HOLD LARGEST MARKET SHARE IN 2028
           FIGURE 12 ASIA PACIFIC EXPECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    3.1 SILICON BATTERY MARKET: IMPACT OF RECESSION 
           FIGURE 13 GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES
 
4 PREMIUM INSIGHTS (Page No. - 41)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN SILICON BATTERY MARKET 
           FIGURE 14 RISING DEMAND FOR EFFICIENT AND LONG-LASTING BATTERIES TO CREATE GROWTH OPPORTUNITIES FOR SILICON BATTERY MARKET
    4.2 SILICON BATTERY MARKET, BY CAPACITY 
           FIGURE 15 3,000–10,000 MAH CAPACITY SEGMENT TO DOMINATE SILICON BATTERY MARKET DURING FORECAST PERIOD
    4.3 SILICON BATTERY MARKET, BY APPLICATION 
           FIGURE 16 CONSUMER ELECTRONICS APPLICATION TO HOLD LARGEST SIZE OF SILICON BATTERY MARKET IN 2028
    4.4 SILICON BATTERY MARKET IN NORTH AMERICA, BY COUNTRY AND APPLICATION 
           FIGURE 17 US TO SECURE LARGEST SHARE OF SILICON BATTERY MARKET IN NORTH AMERICA BY 2028
    4.5 SILICON BATTERY MARKET, BY COUNTRY 
           FIGURE 18 CHINA TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
 
5 MARKET OVERVIEW (Page No. - 44)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: SILICON BATTERY MARKET
           5.2.1 DRIVERS
                    5.2.1.1 High energy density compared with other battery chemistries
                               TABLE 1 COMPARISON OF VARIOUS ANODE MATERIALS USED IN BATTERIES
                    5.2.1.2 Growing R&D initiatives by manufacturers to improve li-ion batteries
                    5.2.1.3 Increasing demand for high-capacity and lightweight batteries in consumer electronics
                               FIGURE 20 SILICON BATTERY MARKET: IMPACT ANALYSIS OF DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 Volumetric expansion in silicon batteries
                               FIGURE 21 SILICON BATTERY MARKET: IMPACT ANALYSIS OF RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Significant rise in demand for electric vehicles
                               FIGURE 22 GLOBAL ELECTRIC VEHICLE SHIPMENTS, BY MODE, 2020 TO 2030 (MILLION UNITS)
                    5.2.3.2 Need for high-performance batteries in energy storage applications
                               FIGURE 23 SILICON BATTERY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Poor cycle life resulting from pulverization of Si particles during volumetric fluctuations
                    5.2.4.2 High manufacturing costs and complexities involved in developing silicon materials
                               FIGURE 24 SILICON BATTERY MARKET: IMPACT ANALYSIS OF CHALLENGES
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 25 SILICON BATTERY MARKET: VALUE CHAIN ANALYSIS
    5.4 PRICING ANALYSIS 
           TABLE 2 AVERAGE SELLING PRICES OF LITHIUM-ION BATTERY PACKS AND CELLS
           TABLE 3 AVERAGE SELLING PRICES OF LITHIUM-ION BATTERIES, BY KEY APPLICATION
           FIGURE 26 AVERAGE SELLING PRICES OF LITHIUM-ION BATTERIES, BY APPLICATION
 
6 SILICON BATTERY MARKET, KEY COMPONENTS (Page No. - 53)
    6.1 INTRODUCTION 
           FIGURE 27 COMPONENTS USED IN SILICON BATTERY
    6.2 CATHODE 
           6.2.1 DETERMINES CAPACITY AND VOLTAGE OF SILICON BATTERIES
    6.3 ANODE 
           6.3.1 PROMISING ALTERNATIVE TO LITHIUM OWING TO ITS HIGH ENERGY CAPACITY
    6.4 ELECTROLYTE 
           6.4.1 IMPROVES ELECTROCHEMICAL PERFORMANCE OF SILICON ANODES
    6.5 OTHERS 
 
7 TYPES OF SILICON BATTERY (Page No. - 56)
    7.1 INTRODUCTION 
           FIGURE 28 SILICON BATTERY MARKET, BY TYPE
    7.2 CELLS 
           7.2.1 HIGH DEMAND FOR LIGHTWEIGHT CELLS IN CONSUMER ELECTRONICS INDUSTRY
    7.3 BATTERY PACKS 
           7.3.1 GROWING DEMAND IN HIGH ENERGY DENSITY APPLICATIONS
 
8 SILICON BATTERY MARKET, BY CAPACITY (Page No. - 57)
    8.1 INTRODUCTION 
           FIGURE 29 SILICON BATTERY MARKET, BY CAPACITY
           FIGURE 30 3,000–10,000 MAH TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 4 SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
           TABLE 5 SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
    8.2 <3,000 MAH 
           8.2.1 RISING DEMAND FOR COMPACT BATTERIES IN CONSUMER ELECTRONICS SECTOR
                    TABLE 6 <3,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 7 <3,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 8 <3,000 MAH: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 9 <3,000 MAH: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 BETWEEN 3,000 MAH AND 10,000 MAH 
           8.3.1 3,000–10,000 MAH SEGMENT TO DISPLAY HIGHEST CAGR BETWEEN 2023 AND 2028
                    TABLE 10 3,000–10,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 11 3,000–10,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 12 3,000–10,000 MAH: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 13 3,000–10,000 MAH: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.4 >10,000 MAH 
           8.4.1 GROWING DEMAND FOR HIGH ENERGY DENSITY BATTERIES IN ENERGY STORAGE APPLICATIONS TO DRIVE DEMAND
                    TABLE 14 >10,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 15 >10,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 16 >10,000 MAH: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 17 >10,000 MAH: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 SILICON BATTERY MARKET, BY APPLICATION (Page No. - 65)
    9.1 INTRODUCTION 
           FIGURE 31 SILICON BATTERY MARKET, BY APPLICATION
           FIGURE 32 CONSUMER ELECTRONICS TO CONTRIBUTE LARGEST MARKET SHARE IN 2028
           TABLE 18 SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 19 SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    9.2 CONSUMER ELECTRONICS 
           9.2.1 RISING DEMAND FOR HIGH BATTERY EFFICIENCY AND LONGER LIFE CYCLES
           9.2.2 SMARTPHONES
           9.2.3 LAPTOPS
           9.2.4 WEARABLE DEVICES
                    TABLE 20 CONSUMER ELECTRONICS: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
                    TABLE 21 CONSUMER ELECTRONICS: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                    TABLE 22 CONSUMER ELECTRONICS: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 23 CONSUMER ELECTRONICS: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 AUTOMOTIVE 
           9.3.1 INCREASING DEMAND FOR EVS WORLDWIDE
           9.3.2 BATTERY ELECTRIC VEHICLES
           9.3.3 PLUG-IN HYBRID ELECTRIC VEHICLES
                    TABLE 24 AUTOMOTIVE: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
                    TABLE 25 AUTOMOTIVE: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                    TABLE 26 AUTOMOTIVE: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 27 AUTOMOTIVE: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.4 AEROSPACE & DEFENSE 
           9.4.1 GROWING USAGE OF SILICON BATTERIES IN SATELLITES AND DRONES
                    TABLE 28 AEROSPACE & DEFENSE: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
                    TABLE 29 AEROSPACE & DEFENSE: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                    TABLE 30 AEROSPACE & DEFENSE: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 31 AEROSPACE & DEFENSE: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.5 MEDICAL DEVICES 
           9.5.1 GROWING DEMAND FOR SMALLER BATTERIES WITH HIGH CAPACITIES
                    TABLE 32 MEDICAL DEVICES: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                    TABLE 33 MEDICAL DEVICES: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.6 ENERGY 
           9.6.1 INCREASING DEMAND FOR HIGH-ENERGY STORAGE SYSTEMS
                    TABLE 34 ENERGY: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
                    TABLE 35 ENERGY: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 SILICON BATTERY MARKET, BY REGION (Page No. - 77)
     10.1 INTRODUCTION 
             FIGURE 33 SILICON BATTERY MARKET, BY REGION
             FIGURE 34 CHINA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 36 SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 37 SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.2 NORTH AMERICA 
             FIGURE 35 NORTH AMERICA: SILICON BATTERY MARKET SNAPSHOT
             FIGURE 36 US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN SILICON BATTERY MARKET DURING FORECAST PERIOD
             TABLE 38 NORTH AMERICA: SILICON BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 39 NORTH AMERICA: SILICON BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 40 NORTH AMERICA: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
             TABLE 41 NORTH AMERICA: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
             TABLE 42 NORTH AMERICA: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 43 NORTH AMERICA: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.2.1 US
                        10.2.1.1 Large presence of silicon battery technology providers and startups to drive market
             10.2.2 CANADA
                        10.2.2.1 Increasing number of R&D initiatives to develop silicon battery technology
             10.2.3 MEXICO
                        10.2.3.1 Increasing investment to modernize manufacturing and energy infrastructure
     10.3 EUROPE 
             FIGURE 37 EUROPE: SILICON BATTERY MARKET SNAPSHOT
             FIGURE 38 GERMANY TO GROW WITH HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 44 EUROPE: SILICON BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 45 EUROPE: SILICON BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 46 EUROPE: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
             TABLE 47 EUROPE: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
             TABLE 48 EUROPE: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 49 EUROPE: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.3.1 GERMANY
                        10.3.1.1 Well-established automotive sector to expand market
             10.3.2 UK
                        10.3.2.1 Growing adoption of electric vehicles to offer growth opportunities
             10.3.3 FRANCE
                        10.3.3.1 Increasing government investments in development of EV sector to boost market
             10.3.4 REST OF EUROPE
     10.4 ASIA PACIFIC 
             FIGURE 39 ASIA PACIFIC: SILICON BATTERY MARKET SNAPSHOT
             FIGURE 40 CHINA TO ACCOUNT FOR LARGEST SHARE OF ASIA PACIFIC SILICON BATTERY MARKET DURING FORECAST PERIOD
             TABLE 50 ASIA PACIFIC: SILICON BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 51 ASIA PACIFIC: SILICON BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 52 ASIA PACIFIC: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)
             TABLE 53 ASIA PACIFIC: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
             TABLE 54 ASIA PACIFIC: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 55 ASIA PACIFIC: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 Rising demand for power generation to support manufacturing sector to drive market
             10.4.2 JAPAN
                        10.4.2.1 Increasing focus on R&D for advanced battery technologies
             10.4.3 INDIA
                        10.4.3.1 Rising manufacturing sector in country to create growth opportunities
             10.4.4 SOUTH KOREA
                        10.4.4.1 Expanding electronics sector and increasing adoption of EVs to drive demand for silicon batteries
             10.4.5 REST OF ASIA PACIFIC
     10.5 ROW 
             FIGURE 41 MIDDLE EAST & AFRICA TO ACCOUNT FOR LARGEST SHARE OF ROW SILICON BATTERY MARKET DURING FORECAST PERIOD
             TABLE 56 ROW: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
             TABLE 57 ROW: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)
             TABLE 58 ROW: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             10.5.1 MIDDLE EAST & AFRICA
                        10.5.1.1 Growing initiatives to boost renewable energy adoption
             10.5.2 SOUTH AMERICA
                        10.5.2.1 Rising energy demand to fuel market growth
 
11 COMPETITIVE LANDSCAPE (Page No. - 98)
     11.1 INTRODUCTION 
     11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             TABLE 59 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN SILICON BATTERY MARKET
     11.3 MARKET RANKING ANALYSIS, 2022 
             TABLE 60 RANKING OF PLAYERS IN SILICON BATTERY MARKET, 2022
     11.4 COMPANY EVALUATION QUADRANT, 2022 
             11.4.1 STARS
             11.4.2 EMERGING LEADERS
             11.4.3 PERVASIVE PLAYERS
             11.4.4 PARTICIPANTS
                        FIGURE 42 SILICON BATTERY MARKET COMPETITIVE LEADERSHIP MAPPING, 2022
     11.5 SILICON BATTERY MARKET: COMPANY FOOTPRINT 
             TABLE 61 OVERALL COMPANY FOOTPRINT
             TABLE 62 COMPANY APPLICATION FOOTPRINT
             TABLE 63 COMPANY REGIONAL FOOTPRINT
     11.6 COMPETITIVE SITUATIONS AND TRENDS 
             11.6.1 PRODUCT LAUNCHES
                        TABLE 64 SILICON BATTERY MARKET: PRODUCT LAUNCHES
             11.6.2 DEALS
                        TABLE 65 SILICON BATTERY MARKET: DEALS
 
12 COMPANY PROFILES (Page No. - 113)
     12.1 KEY PLAYERS 
     (Business Overview, Products Offered, Recent Developments, and MnM View)*  
             12.1.1 AMPRIUS TECHNOLOGIES, INC.
                        TABLE 66 AMPRIUS TECHNOLOGIES, INC.: BUSINESS OVERVIEW
                        TABLE 67 AMPRIUS TECHNOLOGIES, INC.: PRODUCTS OFFERED
                        TABLE 68 AMPRIUS TECHNOLOGIES, INC.: PRODUCT LAUNCHES
                        TABLE 69 AMPRIUS TECHNOLOGIES, INC.: DEALS
             12.1.2 ENOVIX CORPORATION
                        TABLE 70 ENOVIX CORPORATION: BUSINESS OVERVIEW
                        TABLE 71 ENOVIX CORPORATION: PRODUCTS OFFERED
                        TABLE 72 ENOVIX CORPORATION: PRODUCT LAUNCHES
                        TABLE 73 ENOVIX CORPORATION: DEALS
                        TABLE 74 ENOVIX CORPORATION: OTHER DEVELOPMENTS
             12.1.3 GROUP14 TECHNOLOGIES, INC.
                        TABLE 75 GROUP14 TECHNOLOGIES, INC.: BUSINESS OVERVIEW
                        TABLE 76 GROUP14 TECHNOLOGIES, INC.: PRODUCTS OFFERED
                        TABLE 77 GROUP14 TECHNOLOGIES, INC.: DEALS
             12.1.4 SILA NANOTECHNOLOGIES, INC.
                        TABLE 78 SILA NANOTECHNOLOGIES, INC.: BUSINESS OVERVIEW
                        TABLE 79 SILA NANOTECHNOLOGIES, INC.: PRODUCTS OFFERED
                        TABLE 80 SILA NANOTECHNOLOGIES, INC.: PRODUCT LAUNCHES
                        TABLE 81 SILA NANOTECHNOLOGIES, INC.: DEALS
                        TABLE 82 SILA NANOTECHNOLOGIES: OTHER DEVELOPMENTS
             12.1.5 ELKEM
                        TABLE 83 ELKEM: BUSINESS OVERVIEW
                        FIGURE 43 ELKEM: COMPANY SNAPSHOT
                        TABLE 84 ELKEM: PRODUCTS OFFERED
             12.1.6 LANXI ZHIDE ADVANCED MATERIALS CO., LTD.
                        TABLE 85 LANXI ZHIDE ADVANCED MATERIALS CO., LTD.: BUSINESS OVERVIEW
                        TABLE 86 LANXI ZHIDE ADVANCED MATERIALS CO., LTD.: PRODUCTS OFFERED
             12.1.7 NANOSPAN
                        TABLE 87 NANOSPAN: BUSINESS OVERVIEW
                        TABLE 88 NANOSPAN: PRODUCTS OFFERED
             12.1.8 NEXEON LIMITED
                        TABLE 89 NEXEON LIMITED: BUSINESS OVERVIEW
                        TABLE 90 NEXEON LIMITED: PRODUCTS OFFERED
                        TABLE 91 NEXEON LIMITED: PRODUCT LAUNCHES
                        TABLE 92 NEXEON LIMITED: DEALS
                        TABLE 93 NEXEON LIMITED: OTHER DEVELOPMENTS
             12.1.9 ONED BATTERY SCIENCES
                        TABLE 94 ONED BATTERY SCIENCES: BUSINESS OVERVIEW
                        TABLE 95 ONED BATTERY SCIENCES: PRODUCTS OFFERED
                        TABLE 96 ONED BATTERY SCIENCES: DEALS
             12.1.10 XNRGI
                        TABLE 97 XNRGI: BUSINESS OVERVIEW
                        TABLE 98 XNRGI: PRODUCTS OFFERED
* 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 APPENDIX (Page No. - 147)
     13.1 INSIGHTS OF INDUSTRY EXPERTS 
     13.2 DISCUSSION GUIDE 
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.4 AVAILABLE CUSTOMIZATION OPTIONS 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS 
 

The study involved four major activities in estimating the current size of the 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 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 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 silicon battery providers, such as Amprius Technologies, Inc. (US), Enovix Corporation (US), Enevate Corporation (US), and NanoGraf 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.

Silicon Battery Market Size, and Share

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 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.

Market Definition

Silicon batteries are next-generation lithium-ion batteries that use silicon material as the anode, which helps increase the amount of energy stored in a battery cell. Silicon anodes have a higher energy storage capacity and longer battery life compared to batteries with graphite anodes. Silicon batteries can be used in various applications, from electric vehicles to medical equipment, energy, aviation, and consumer electronics.

Key Stakeholders

  • Silicon Battery Manufacturers
  • Government Bodies and Policymakers
  • Standards Organizations, Forums, Alliances, and Associations
  • Raw Material Suppliers
  • Research Institutes and Organizations
  • Silicon Anode Material and Technology Providers
  • Battery Cell and Battery Pack Manufacturers
  • Automotive Manufacturers
  • Electronic Device Manufacturers

Report Objectives

  • To define and forecast the silicon battery market in terms of value, capacity, and application.
  • To describe and forecast the silicon battery market and its value segments for four regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW), along with their respective countries.
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain and allied industry segments of the silicon battery market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the market
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with a detailed market competitive landscape.
  • To analyze strategic approaches such as agreements, collaborations, and partnerships in the silicon battery market
  • To provide an analysis of the recession impact on the growth of the market and its segments

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)
Report Code
SE 4533
Published ON
Mar, 2023
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