Silicon Battery Market Size, Share & Industry Trends Growth Analysis Report by Capacity (<3,000 mAh, 3,000–10,000 mAh, >10,000 mAh), Component (Cathode, Anode, Electrolyte), Application (Aerospace & Defense, Consumer Electronics, Automotive, Medical Devices, Energy) and Region - Global Forecast to 2028
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.
Updated on : Sep 16, 2024
Silicon Battery Market Size & Share
[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 industry 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 Forecast to 2028
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Silicon Battery Market Trends
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.
Silicon Battery Market Segment Analysis
< 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
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Silicon Battery Market Regional Analysis
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.
Top Silicon Battery Companies - 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 Companies.
Silicon Battery Market Report Scope:
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Report Metric |
Details |
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Estimated Market Size |
USD 55 Million in 2023 |
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Projected Market Size |
USD 414 Million by 2028 |
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Growth Rate |
CAGR of 49.5% |
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Market Size Available for Years |
2019–2028 |
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Base Year |
2022 |
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Forecast Period |
2023–2028 |
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Units |
Value (USD Million) |
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Segments Covered |
Components, Type, Capacity, and Application |
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Geographic Regions Covered |
North America, Asia Pacific, Europe, and RoW |
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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.
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Segment |
Subsegment |
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By Key Components: |
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By Type: |
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By Capacity: |
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By Region |
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Recent Developments in Silicon Battery Industry
- 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).
Frequently Asked Questions (FAQ):
What is the total CAGR expected to be recorded for the silicon battery market during 2023-2028?
The global silicon battery market is expected to record a CAGR of 49.5% from 2023–2028.
What are the driving factors for the silicon battery market?
Increasing demand for high-capacity and lightweight batteries in consumer electronics is the key driving factor for silicon battery market.
Which application will grow at a fast rate in the future?
The automotive application is expected to grow at the highest CAGR during the forecast period. Growing number of startups focusing on developing silicon anode batteries/technologies for EVs, along with stringent government guidelines pertaining to carbon emissions, will play a vital role in boosting the growth of the silicon battery market
Which are the significant players operating in the silicon battery market?
Amprius Technologies, Inc. (US), Enovix Corporation (US), Enevate Corporation (US), Sila Nanotechnologies, Inc. (US), Group14 Technologies, Inc. (US), Nexeon Limited (UK), and NanoGraf Corporation (US) are among a few top players in the silicon battery market.
Which region will grow at a fast rate in the future?
The silicon battery market in Asia pacific is expected to grow at the highest CAGR during the forecast period.
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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.
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)
Generating Response ...
Growth opportunities and latent adjacency in Silicon Battery Market
Dear all. We are a supplier of Si for anodes (as nanoparticles) and are interested in this market. As your study seems quite interesting I would like to have a better outlook of it before buying it.Do you consider silicon oxyde or metal/alloys? Best regards
Hi there, I am hoping to interview the researcher who prepared the silicon anode battery market report for an article. This report might be helpful in gathering information regarding the same.
We are the only company with high capacity silicon nanowire technology licensed for production (at EaglePicher) in the world. Can you provide detail analysis of silicon anode battery market.