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. Lithium silicon batteries contain silicon anodes made partially or fully with silicon. Silicon can provide a higher energy density than graphite but tends to swell and break the material. Various companies have been developing or have developed proprietary silicon anode technology or silicon anode materials to overcome this major drawback. However, ongoing efforts by market players to solve four major problems enabling 100% silicon anode: Formation expansion, Formation Efficiency, Swelling, and Cycle Life, will drive the market growth in coming years.
Amprius Technologies (US), Enovix Corporation (US), NanoGraf Corporation (US), and Enevate Corporation (US) are among the top players in the global lithium silicon battery market. These companies strengthen their market position by developing innovative products and making partnerships with end-users.
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Amprius Technologies is a leading US-based manufacturer of lithium silicon batteries. It developed a nanowire technology that uses 100% silicon to replace graphite in anodes. The company caters to the aerospace, automotive, and consumer electronics sectors. It offers batteries for drones, aircraft, wearables, electric vehicles, smartphones, robotics, aerospace vehicles, and military equipment. The company has invested significantly in R&D. Its batteries are backed by excellent quality assurance and validated with ISO:9001 certification. The company is focused on increasing its manufacturing volumes to meet the demands of various sectors.
Enovix Corporation is a developer and manufacturer of advanced silicon-anode lithium-ion batteries. The company has developed 100% silicon anodes and innovative 3D cell architecture for high energy density and performance. The company is developing new silicon-lithium technology and has sampled small silicon lithium cells that can be used in portable consumer electronics devices. It also focuses on R&D for large-density and large-sized batteries for EVs and storage systems. In July 2020, it was selected to conduct advanced R&D on Li-ion batteries with silicon anodes for EV applications by the US Department of Energy. The company plans to increase the applications of its silicon lithium batteries in wearable devices, mobile communication devices, computing, AR/VR, and EVs. The company has secured designs for batteries in these applications from top players. Moreover, it is one of the earliest companies to launch lithium silicon cells for wearable devices in the consumer electronics sector.
NanoGraf Corporation provides silicon for anode electrodes patented by the company in association with Northwestern University (US) and Argonne National Laboratory (US). The materials are developed using silicon alloy architecture to stabilize metals during charging and discharging. In March 2022, the company was awarded a contract of USD 1 million from the US Department of Defense to provide long-lasting and powerful lithium-ion batteries. NanoGraf Corporation uses a patented manufacturing process to develop silicon materials for anodes. The material is a drop-in material for battery manufacturing processes and has been tested and checked in manufacturing plants globally. The company has offices in the US and a manufacturing plant
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
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