
Silicon Battery Market 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
- March 16, 2023
- MarketsandMarkets
- 150
Silicon Battery Market 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
Abstract
The global silicon battery market size is estimated to grow from USD 55 million in 2023 to USD 414 million by 2028, at a CAGR of 49.5%. Silicon anode batteries promise a long battery life and long-lasting storage due to the increased capacity of silicon to store electric charge. Researchers and companies have proved their greater charge capacity over traditional graphite anode. Silicon batteries can be used in various applications, from electric vehicles to medical equipment, energy, aviation, and consumer electronics. Excellent performance, long life, and greater safety make these batteries ideal for electric vehicles, energy storage, and aerospace applications.
" >10,000 mAh segment is projected to grow at significant CAGR during the forecast period”
Batteries in this range are expected to be used in energy-heavy applications such as EVs, material handling equipment, marine, robots, industrial, renewable energy storage, military, aircraft, drones, satellites, and spacecraft. The demand for lithium silicon batteries in the aviation industry will rapidly rise once silicon batteries are fully commercialized. The rising emphasis on EVs, favorable government initiatives, and the shift to sustainable mobility will also drive the market for batteries in the >10,000 mAh range. These batteries are expected to be commercialized for EVs in the coming years. Post commercialization, they are expected to gain a significant market share. Some automobile giants have already partnered with key providers of lithium silicon batteries.
“Consumer electronics industry is expected to grow at an impressive CAGR during the forecast period”
Smartphones and laptops are expected to be some of the significant future application areas requiring slimmer and lightweight products powered with silicon batteries. The launch of 5G-enabled smartphones will spur demand for more robust and smaller batteries. Improvements in laptop performance will also hinge on better and more powerful batteries. Such technological advancements will support silicon battery demand in various consumer electronics products. Some key companies in this segment include Enovix Corporation (US), Group14 Technologies, Inc. (US), and Nanospan (US).
Smartphones are pervasive tools for personal and business use by consumers across the globe. The increasing use of smartphones for various purposes is expected to offer high scope to device manufacturers to produce advanced batteries with improved features. Long battery life is one such feature desired by smartphone users. Silicon batteries find application in smartphones due to their features, such as lightweight and high energy capacity. Using silicon-anode batteries will improve energy density without changing the power architecture or supporting the ecosystem of smartphones.
“The market in Europe is expected to grow at steady CAGR during the forecast period”
The European market includes the UK, Germany, France, and the Rest of Europe. The automobile sector of Europe is an advanced industry with the leanest production processes where water and energy use are optimal. The market for wearable devices is also growing in Europe. Hence, Europe has a flourishing silicon battery market, with high growth anticipated. Several organizations and governments are structuring the road map for electro-mobility and energy storage systems in this region. Thus, advanced lithium-ion batteries such as silicon anode are expected to gain massive popularity in the coming years.
Breakdown of the profiles of primary participants:
•By Company Type: Tier 1 - 45%, Tier 2 - 35%, and Tier 3 - 20%
•By Designation: C-level Executives - 40%, Directors - 45%, and Others - 15%
•By Region: North America - 46%, Europe - 21%, Asia Pacific - 25%, and RoW - 8%
Major players profiled in this report are as follows: Amprius Technologies, Inc. (US), Enovix Corporation (US), Enevate Corporation (US), NanoGraf Corporation (US), Sila Nanotechnologies, Inc. (US), Group14 Technologies, Inc. (US), Nexeon Limited (UK), and others.
Research Coverage
In this report, the silicon battery market has been segmented based on key components, type, capacity, application, and region. The silicon battery market based on key components has been segmented into anode, cathode, electrolyte, and others. Based on type, the market has been segmented into cells and battery packs. Based on capacity, the market has been segmented into < 3,000 mAh, between 3,000-10,000 mAh, and > 10,000 mAh. Based on application, the market has been segmented into aerospace & defense, consumer electronics, automotive, medical devices, and energy. The study also forecasts the size of the market in four main regions—North America, Europe, Asia Pacific, and RoW.
Key Benefits of Buying the Report:
The report provides insights on the following pointers:
Analysis of key drivers (High-energy density compared to other battery chemistries, Growing R&D initiatives by manufacturers for improving li-ion batteries, Increasing demand for high-capacity and lightweight batteries in consumer electronics), restraints (Volumetric expansion in silicon batteries), opportunities (Significant rise in demand for electric vehicles, Need for high-performance batteries in energy storage applications), and challenges (Poor cycle life resulting from pulverization of Si particles during volumetric fluctuations, High manufacturing costs) influencing the growth of the silicon battery market
Product Development/Innovation: Detailed insights on upcoming products, technologies, silicon anode materials, research & development activities, funding activities, industry partnerships, and new product launches in the silicon battery market
Market Development: Comprehensive information about lucrative markets – the report analyses the silicon battery market across regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Market Diversification: Exhaustive information about new products & technologies, untapped geographies, recent developments, and investments in the silicon battery market
Competitive Assessment: In-depth assessment of market ranks, growth strategies, and product offerings of leading players like 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) among others in the silicon battery market
Strategies: The report also helps stakeholders understand the pulse of the silicon battery market and provides them information on key market drivers, restraints, challenges, and opportunities.
Content
Table of Contents
1INTRODUCTION21
1.1STUDY OBJECTIVES21
1.2MARKET DEFINITION21
1.2.1INCLUSIONS AND EXCLUSIONS22
1.3STUDY SCOPE22
1.3.1MARKETS COVERED22
FIGURE 1SILICON BATTERY MARKET SEGMENTATION22
1.3.2GEOGRAPHIC SCOPE23
FIGURE 2SILICON BATTERY MARKET: REGIONAL SCOPE23
1.3.3YEARS CONSIDERED23
1.4CURRENCY CONSIDERED23
1.5LIMITATIONS24
1.6STAKEHOLDERS24
1.7SUMMARY OF CHANGES25
2RESEARCH METHODOLOGY26
2.1RESEARCH DATA26
FIGURE 3SILICON BATTERY MARKET: RESEARCH DESIGN26
2.1.1SECONDARY AND PRIMARY RESEARCH27
FIGURE 4SILICON BATTERY MARKET: RESEARCH APPROACH27
2.1.2SECONDARY DATA28
2.1.2.1List of major secondary sources28
2.1.2.2Key data from secondary sources29
2.1.3PRIMARY DATA29
2.1.3.1Primary interviews with experts30
2.1.3.2Key data from primary sources30
2.1.3.3Key industry insights30
2.1.3.4Breakdown of primaries31
2.2MARKET SIZE ESTIMATION31
2.2.1BOTTOM-UP APPROACH32
2.2.1.1Approach for arriving at market size by bottom-up analysis32
FIGURE 5SILICON BATTERY MARKET: BOTTOM-UP APPROACH32
2.2.2TOP-DOWN APPROACH33
2.2.2.1Approach for capturing market size by using top-down analysis33
FIGURE 6SILICON BATTERY MARKET: TOP-DOWN APPROACH33
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY FOR SILICON BATTERY MARKET USING SUPPLY-SIDE ANALYSIS33
2.3DATA TRIANGULATION34
FIGURE 8DATA TRIANGULATION34
2.4RESEARCH ASSUMPTIONS35
2.5RECESSION IMPACT: RESEARCH APPROACH36
2.6LIMITATIONS AND RISK ASSESSMENT36
3EXECUTIVE SUMMARY37
FIGURE 9SILICON BATTERY MARKET, 2019–2028 (USD MILLION)37
FIGURE 103,000–10,000 MAH CAPACITY SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD38
FIGURE 11CONSUMER ELECTRONICS APPLICATION TO HOLD LARGEST MARKET SHARE IN 202838
FIGURE 12ASIA PACIFIC EXPECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD39
3.1SILICON BATTERY MARKET: IMPACT OF RECESSION39
FIGURE 13GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES40
4PREMIUM INSIGHTS41
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN SILICON BATTERY MARKET41
FIGURE 14RISING DEMAND FOR EFFICIENT AND LONG-LASTING BATTERIES TO CREATE GROWTH OPPORTUNITIES FOR SILICON BATTERY MARKET41
4.2SILICON BATTERY MARKET, BY CAPACITY41
FIGURE 153,000–10,000 MAH CAPACITY SEGMENT TO DOMINATE SILICON BATTERY MARKET DURING FORECAST PERIOD41
4.3SILICON BATTERY MARKET, BY APPLICATION42
FIGURE 16CONSUMER ELECTRONICS APPLICATION TO HOLD LARGEST SIZE OF SILICON BATTERY MARKET IN 202842
4.4SILICON BATTERY MARKET IN NORTH AMERICA, BY COUNTRY AND APPLICATION42
FIGURE 17US TO SECURE LARGEST SHARE OF SILICON BATTERY MARKET IN NORTH AMERICA BY 202842
4.5SILICON BATTERY MARKET, BY COUNTRY43
FIGURE 18CHINA TO REGISTER HIGHEST CAGR FROM 2023 TO 202843
5MARKET OVERVIEW44
5.1INTRODUCTION44
5.2MARKET DYNAMICS44
FIGURE 19DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: SILICON BATTERY MARKET44
5.2.1DRIVERS45
5.2.1.1High energy density compared with other battery chemistries45
TABLE 1COMPARISON OF VARIOUS ANODE MATERIALS USED IN BATTERIES45
5.2.1.2Growing R&D initiatives by manufacturers to improve li-ion batteries45
5.2.1.3Increasing demand for high-capacity and lightweight batteries in consumer electronics46
FIGURE 20SILICON BATTERY MARKET: IMPACT ANALYSIS OF DRIVERS46
5.2.2RESTRAINTS47
5.2.2.1Volumetric expansion in silicon batteries47
FIGURE 21SILICON BATTERY MARKET: IMPACT ANALYSIS OF RESTRAINTS47
5.2.3OPPORTUNITIES47
5.2.3.1Significant rise in demand for electric vehicles47
FIGURE 22GLOBAL ELECTRIC VEHICLE SHIPMENTS, BY MODE, 2020 TO 2030 (MILLION UNITS)48
5.2.3.2Need for high-performance batteries in energy storage applications48
FIGURE 23SILICON BATTERY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES49
5.2.4CHALLENGES49
5.2.4.1Poor cycle life resulting from pulverization of Si particles during volumetric fluctuations49
5.2.4.2High manufacturing costs and complexities involved in developing silicon materials49
FIGURE 24SILICON BATTERY MARKET: IMPACT ANALYSIS OF CHALLENGES50
5.3VALUE CHAIN ANALYSIS50
FIGURE 25SILICON BATTERY MARKET: VALUE CHAIN ANALYSIS50
5.4PRICING ANALYSIS51
TABLE 2AVERAGE SELLING PRICES OF LITHIUM-ION BATTERY PACKS AND CELLS51
TABLE 3AVERAGE SELLING PRICES OF LITHIUM-ION BATTERIES, BY KEY APPLICATION51
FIGURE 26AVERAGE SELLING PRICES OF LITHIUM-ION BATTERIES, BY APPLICATION52
6SILICON BATTERY MARKET, KEY COMPONENTS53
6.1INTRODUCTION53
FIGURE 27COMPONENTS USED IN SILICON BATTERY53
6.2CATHODE53
6.2.1DETERMINES CAPACITY AND VOLTAGE OF SILICON BATTERIES53
6.3ANODE54
6.3.1PROMISING ALTERNATIVE TO LITHIUM OWING TO ITS HIGH ENERGY CAPACITY54
6.4ELECTROLYTE54
6.4.1IMPROVES ELECTROCHEMICAL PERFORMANCE OF SILICON ANODES54
6.5OTHERS55
7TYPES OF SILICON BATTERY56
7.1INTRODUCTION56
FIGURE 28SILICON BATTERY MARKET, BY TYPE56
7.2CELLS56
7.2.1HIGH DEMAND FOR LIGHTWEIGHT CELLS IN CONSUMER ELECTRONICS INDUSTRY56
7.3BATTERY PACKS56
7.3.1GROWING DEMAND IN HIGH ENERGY DENSITY APPLICATIONS56
8SILICON BATTERY MARKET, BY CAPACITY57
8.1INTRODUCTION58
FIGURE 29SILICON BATTERY MARKET, BY CAPACITY58
FIGURE 303,000–10,000 MAH TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD58
TABLE 4SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)59
TABLE 5SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)59
8.2<3,000 MAH59
8.2.1RISING DEMAND FOR COMPACT BATTERIES IN CONSUMER ELECTRONICS SECTOR59
TABLE 6<3,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)60
TABLE 7<3,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)60
TABLE 8<3,000 MAH: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)60
TABLE 9<3,000 MAH: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)61
8.3BETWEEN 3,000 MAH AND 10,000 MAH61
8.3.13,000–10,000 MAH SEGMENT TO DISPLAY HIGHEST CAGR BETWEEN 2023 AND 202861
TABLE 103,000–10,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)61
TABLE 113,000–10,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)62
TABLE 123,000–10,000 MAH: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)62
TABLE 133,000–10,000 MAH: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)62
8.4>10,000 MAH63
8.4.1GROWING DEMAND FOR HIGH ENERGY DENSITY BATTERIES IN ENERGY STORAGE APPLICATIONS TO DRIVE DEMAND63
TABLE 14>10,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)63
TABLE 15>10,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)64
TABLE 16>10,000 MAH: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)64
TABLE 17>10,000 MAH: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)64
9SILICON BATTERY MARKET, BY APPLICATION65
9.1INTRODUCTION66
FIGURE 31SILICON BATTERY MARKET, BY APPLICATION66
FIGURE 32CONSUMER ELECTRONICS TO CONTRIBUTE LARGEST MARKET SHARE IN 202866
TABLE 18SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)67
TABLE 19SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)67
9.2CONSUMER ELECTRONICS67
9.2.1RISING DEMAND FOR HIGH BATTERY EFFICIENCY AND LONGER LIFE CYCLES67
9.2.2SMARTPHONES68
9.2.3LAPTOPS68
9.2.4WEARABLE DEVICES68
TABLE 20CONSUMER ELECTRONICS: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)68
TABLE 21CONSUMER ELECTRONICS: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)69
TABLE 22CONSUMER ELECTRONICS: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)69
TABLE 23CONSUMER ELECTRONICS: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)69
9.3AUTOMOTIVE70
9.3.1INCREASING DEMAND FOR EVS WORLDWIDE70
9.3.2BATTERY ELECTRIC VEHICLES70
9.3.3PLUG-IN HYBRID ELECTRIC VEHICLES70
TABLE 24AUTOMOTIVE: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)71
TABLE 25AUTOMOTIVE: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)71
TABLE 26AUTOMOTIVE: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)71
TABLE 27AUTOMOTIVE: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)72
9.4AEROSPACE & DEFENSE72
9.4.1GROWING USAGE OF SILICON BATTERIES IN SATELLITES AND DRONES72
TABLE 28AEROSPACE & DEFENSE: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)73
TABLE 29AEROSPACE & DEFENSE: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)73
TABLE 30AEROSPACE & DEFENSE: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)73
TABLE 31AEROSPACE & DEFENSE: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)74
9.5MEDICAL DEVICES74
9.5.1GROWING DEMAND FOR SMALLER BATTERIES WITH HIGH CAPACITIES74
TABLE 32MEDICAL DEVICES: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)75
TABLE 33MEDICAL DEVICES: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)75
9.6ENERGY75
9.6.1INCREASING DEMAND FOR HIGH-ENERGY STORAGE SYSTEMS75
TABLE 34ENERGY: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)76
TABLE 35ENERGY: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)76
10SILICON BATTERY MARKET, BY REGION77
10.1INTRODUCTION78
FIGURE 33SILICON BATTERY MARKET, BY REGION78
FIGURE 34CHINA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD79
TABLE 36SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)79
TABLE 37SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)80
10.2NORTH AMERICA80
FIGURE 35NORTH AMERICA: SILICON BATTERY MARKET SNAPSHOT81
FIGURE 36US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN SILICON BATTERY MARKET DURING FORECAST PERIOD81
TABLE 38NORTH AMERICA: SILICON BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)82
TABLE 39NORTH AMERICA: SILICON BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)82
TABLE 40NORTH AMERICA: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)82
TABLE 41NORTH AMERICA: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)83
TABLE 42NORTH AMERICA: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)83
TABLE 43NORTH AMERICA: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)83
10.2.1US84
10.2.1.1Large presence of silicon battery technology providers and startups to drive market84
10.2.2CANADA84
10.2.2.1Increasing number of R&D initiatives to develop silicon battery technology84
10.2.3MEXICO84
10.2.3.1Increasing investment to modernize manufacturing and energy infrastructure84
10.3EUROPE85
FIGURE 37EUROPE: SILICON BATTERY MARKET SNAPSHOT85
FIGURE 38GERMANY TO GROW WITH HIGHEST CAGR DURING FORECAST PERIOD86
TABLE 44EUROPE: SILICON BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)86
TABLE 45EUROPE: SILICON BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)86
TABLE 46EUROPE: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)87
TABLE 47EUROPE: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)87
TABLE 48EUROPE: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)87
TABLE 49EUROPE: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)88
10.3.1GERMANY88
10.3.1.1Well-established automotive sector to expand market88
10.3.2UK88
10.3.2.1Growing adoption of electric vehicles to offer growth opportunities88
10.3.3FRANCE89
10.3.3.1Increasing government investments in development of EV sector to boost market89
10.3.4REST OF EUROPE89
10.4ASIA PACIFIC90
FIGURE 39ASIA PACIFIC: SILICON BATTERY MARKET SNAPSHOT90
FIGURE 40CHINA TO ACCOUNT FOR LARGEST SHARE OF ASIA PACIFIC SILICON BATTERY MARKET DURING FORECAST PERIOD91
TABLE 50ASIA PACIFIC: SILICON BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)91
TABLE 51ASIA PACIFIC: SILICON BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)91
TABLE 52ASIA PACIFIC: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)92
TABLE 53ASIA PACIFIC: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)92
TABLE 54ASIA PACIFIC: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)92
TABLE 55ASIA PACIFIC: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)93
10.4.1CHINA93
10.4.1.1Rising demand for power generation to support manufacturing sector to drive market93
10.4.2JAPAN93
10.4.2.1Increasing focus on R&D for advanced battery technologies93
10.4.3INDIA94
10.4.3.1Rising manufacturing sector in country to create growth opportunities94
10.4.4SOUTH KOREA94
10.4.4.1Expanding electronics sector and increasing adoption of EVs to drive demand for silicon batteries94
10.4.5REST OF ASIA PACIFIC94
10.5ROW95
FIGURE 41MIDDLE EAST & AFRICA TO ACCOUNT FOR LARGEST SHARE OF ROW SILICON BATTERY MARKET DURING FORECAST PERIOD95
TABLE 56ROW: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)95
TABLE 57ROW: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)95
TABLE 58ROW: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)96
10.5.1MIDDLE EAST & AFRICA96
10.5.1.1Growing initiatives to boost renewable energy adoption96
10.5.2SOUTH AMERICA96
10.5.2.1Rising energy demand to fuel market growth96
11COMPETITIVE LANDSCAPE98
11.1INTRODUCTION98
11.2KEY PLAYER STRATEGIES/RIGHT TO WIN98
TABLE 59OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN SILICON BATTERY MARKET98
11.3MARKET RANKING ANALYSIS, 202299
TABLE 60RANKING OF PLAYERS IN SILICON BATTERY MARKET, 202299
11.4COMPANY EVALUATION QUADRANT, 2022101
11.4.1STARS101
11.4.2EMERGING LEADERS101
11.4.3PERVASIVE PLAYERS101
11.4.4PARTICIPANTS101
FIGURE 42SILICON BATTERY MARKET COMPETITIVE LEADERSHIP MAPPING, 2022102
11.5SILICON BATTERY MARKET: COMPANY FOOTPRINT103
TABLE 61OVERALL COMPANY FOOTPRINT103
TABLE 62COMPANY APPLICATION FOOTPRINT104
TABLE 63COMPANY REGIONAL FOOTPRINT105
11.6COMPETITIVE SITUATIONS AND TRENDS106
11.6.1PRODUCT LAUNCHES106
TABLE 64SILICON BATTERY MARKET: PRODUCT LAUNCHES106
11.6.2DEALS107
TABLE 65SILICON BATTERY MARKET: DEALS107
12COMPANY PROFILES113
12.1KEY PLAYERS113
(Business Overview, Products Offered, Recent Developments, and MnM View)*
12.1.1AMPRIUS TECHNOLOGIES, INC.113
TABLE 66AMPRIUS TECHNOLOGIES, INC.: BUSINESS OVERVIEW113
TABLE 67AMPRIUS TECHNOLOGIES, INC.: PRODUCTS OFFERED113
TABLE 68AMPRIUS TECHNOLOGIES, INC.: PRODUCT LAUNCHES114
TABLE 69AMPRIUS TECHNOLOGIES, INC.: DEALS114
12.1.2ENOVIX CORPORATION118
TABLE 70ENOVIX CORPORATION: BUSINESS OVERVIEW118
TABLE 71ENOVIX CORPORATION: PRODUCTS OFFERED118
TABLE 72ENOVIX CORPORATION: PRODUCT LAUNCHES119
TABLE 73ENOVIX CORPORATION: DEALS119
TABLE 74ENOVIX CORPORATION: OTHER DEVELOPMENTS120
12.1.3GROUP14 TECHNOLOGIES, INC.121
TABLE 75GROUP14 TECHNOLOGIES, INC.: BUSINESS OVERVIEW121
TABLE 76GROUP14 TECHNOLOGIES, INC.: PRODUCTS OFFERED121
TABLE 77GROUP14 TECHNOLOGIES, INC.: DEALS122
12.1.4SILA NANOTECHNOLOGIES, INC.124
TABLE 78SILA NANOTECHNOLOGIES, INC.: BUSINESS OVERVIEW124
TABLE 79SILA NANOTECHNOLOGIES, INC.: PRODUCTS OFFERED124
TABLE 80SILA NANOTECHNOLOGIES, INC.: PRODUCT LAUNCHES124
TABLE 81SILA NANOTECHNOLOGIES, INC.: DEALS125
TABLE 82SILA NANOTECHNOLOGIES: OTHER DEVELOPMENTS125
12.1.5ELKEM127
TABLE 83ELKEM: BUSINESS OVERVIEW127
FIGURE 43ELKEM: COMPANY SNAPSHOT128
TABLE 84ELKEM: PRODUCTS OFFERED128
12.1.6LANXI ZHIDE ADVANCED MATERIALS CO., LTD.129
TABLE 85LANXI ZHIDE ADVANCED MATERIALS CO., LTD.: BUSINESS OVERVIEW129
TABLE 86LANXI ZHIDE ADVANCED MATERIALS CO., LTD.: PRODUCTS OFFERED129
12.1.7NANOSPAN130
TABLE 87NANOSPAN: BUSINESS OVERVIEW130
TABLE 88NANOSPAN: PRODUCTS OFFERED130
12.1.8NEXEON LIMITED131
TABLE 89NEXEON LIMITED: BUSINESS OVERVIEW131
TABLE 90NEXEON LIMITED: PRODUCTS OFFERED131
TABLE 91NEXEON LIMITED: PRODUCT LAUNCHES132
TABLE 92NEXEON LIMITED: DEALS132
TABLE 93NEXEON LIMITED: OTHER DEVELOPMENTS133
12.1.9ONED BATTERY SCIENCES134
TABLE 94ONED BATTERY SCIENCES: BUSINESS OVERVIEW134
TABLE 95ONED BATTERY SCIENCES: PRODUCTS OFFERED134
TABLE 96ONED BATTERY SCIENCES: DEALS135
12.1.10XNRGI136
TABLE 97XNRGI: BUSINESS OVERVIEW136
TABLE 98XNRGI: PRODUCTS OFFERED136
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
12.2OTHER PLAYERS137
12.2.1ADVANO137
12.2.2ALKEGEN (SIFAB)137
12.2.3CENATE AS138
12.2.4ENEVATE CORPORATION139
12.2.5E-MAGY140
12.2.6EOCELL, INC.141
12.2.7GLOBAL GRAPHENE GROUP, INC.142
12.2.8LEYDENJAR TECHNOLOGIES B.V.143
12.2.9NANOGRAF CORPORATION144
12.2.10PARACLETE ENERGY, INC.145
12.2.11SILIB145
12.2.12TARGRAY TECHNOLOGY INTERNATIONAL INC.146
13APPENDIX147
13.1INSIGHTS OF INDUSTRY EXPERTS147
13.2DISCUSSION GUIDE148
13.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL151
13.4AVAILABLE CUSTOMIZATION OPTIONS153
13.5RELATED REPORTS153
13.6AUTHOR DETAILS154
" >10,000 mAh segment is projected to grow at significant CAGR during the forecast period”
Batteries in this range are expected to be used in energy-heavy applications such as EVs, material handling equipment, marine, robots, industrial, renewable energy storage, military, aircraft, drones, satellites, and spacecraft. The demand for lithium silicon batteries in the aviation industry will rapidly rise once silicon batteries are fully commercialized. The rising emphasis on EVs, favorable government initiatives, and the shift to sustainable mobility will also drive the market for batteries in the >10,000 mAh range. These batteries are expected to be commercialized for EVs in the coming years. Post commercialization, they are expected to gain a significant market share. Some automobile giants have already partnered with key providers of lithium silicon batteries.
“Consumer electronics industry is expected to grow at an impressive CAGR during the forecast period”
Smartphones and laptops are expected to be some of the significant future application areas requiring slimmer and lightweight products powered with silicon batteries. The launch of 5G-enabled smartphones will spur demand for more robust and smaller batteries. Improvements in laptop performance will also hinge on better and more powerful batteries. Such technological advancements will support silicon battery demand in various consumer electronics products. Some key companies in this segment include Enovix Corporation (US), Group14 Technologies, Inc. (US), and Nanospan (US).
Smartphones are pervasive tools for personal and business use by consumers across the globe. The increasing use of smartphones for various purposes is expected to offer high scope to device manufacturers to produce advanced batteries with improved features. Long battery life is one such feature desired by smartphone users. Silicon batteries find application in smartphones due to their features, such as lightweight and high energy capacity. Using silicon-anode batteries will improve energy density without changing the power architecture or supporting the ecosystem of smartphones.
“The market in Europe is expected to grow at steady CAGR during the forecast period”
The European market includes the UK, Germany, France, and the Rest of Europe. The automobile sector of Europe is an advanced industry with the leanest production processes where water and energy use are optimal. The market for wearable devices is also growing in Europe. Hence, Europe has a flourishing silicon battery market, with high growth anticipated. Several organizations and governments are structuring the road map for electro-mobility and energy storage systems in this region. Thus, advanced lithium-ion batteries such as silicon anode are expected to gain massive popularity in the coming years.
Breakdown of the profiles of primary participants:
•By Company Type: Tier 1 - 45%, Tier 2 - 35%, and Tier 3 - 20%
•By Designation: C-level Executives - 40%, Directors - 45%, and Others - 15%
•By Region: North America - 46%, Europe - 21%, Asia Pacific - 25%, and RoW - 8%
Major players profiled in this report are as follows: Amprius Technologies, Inc. (US), Enovix Corporation (US), Enevate Corporation (US), NanoGraf Corporation (US), Sila Nanotechnologies, Inc. (US), Group14 Technologies, Inc. (US), Nexeon Limited (UK), and others.
Research Coverage
In this report, the silicon battery market has been segmented based on key components, type, capacity, application, and region. The silicon battery market based on key components has been segmented into anode, cathode, electrolyte, and others. Based on type, the market has been segmented into cells and battery packs. Based on capacity, the market has been segmented into < 3,000 mAh, between 3,000-10,000 mAh, and > 10,000 mAh. Based on application, the market has been segmented into aerospace & defense, consumer electronics, automotive, medical devices, and energy. The study also forecasts the size of the market in four main regions—North America, Europe, Asia Pacific, and RoW.
Key Benefits of Buying the Report:
The report provides insights on the following pointers:
Analysis of key drivers (High-energy density compared to other battery chemistries, Growing R&D initiatives by manufacturers for improving li-ion batteries, Increasing demand for high-capacity and lightweight batteries in consumer electronics), restraints (Volumetric expansion in silicon batteries), opportunities (Significant rise in demand for electric vehicles, Need for high-performance batteries in energy storage applications), and challenges (Poor cycle life resulting from pulverization of Si particles during volumetric fluctuations, High manufacturing costs) influencing the growth of the silicon battery market
Product Development/Innovation: Detailed insights on upcoming products, technologies, silicon anode materials, research & development activities, funding activities, industry partnerships, and new product launches in the silicon battery market
Market Development: Comprehensive information about lucrative markets – the report analyses the silicon battery market across regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Market Diversification: Exhaustive information about new products & technologies, untapped geographies, recent developments, and investments in the silicon battery market
Competitive Assessment: In-depth assessment of market ranks, growth strategies, and product offerings of leading players like 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) among others in the silicon battery market
Strategies: The report also helps stakeholders understand the pulse of the silicon battery market and provides them information on key market drivers, restraints, challenges, and opportunities.
1INTRODUCTION21
1.1STUDY OBJECTIVES21
1.2MARKET DEFINITION21
1.2.1INCLUSIONS AND EXCLUSIONS22
1.3STUDY SCOPE22
1.3.1MARKETS COVERED22
FIGURE 1SILICON BATTERY MARKET SEGMENTATION22
1.3.2GEOGRAPHIC SCOPE23
FIGURE 2SILICON BATTERY MARKET: REGIONAL SCOPE23
1.3.3YEARS CONSIDERED23
1.4CURRENCY CONSIDERED23
1.5LIMITATIONS24
1.6STAKEHOLDERS24
1.7SUMMARY OF CHANGES25
2RESEARCH METHODOLOGY26
2.1RESEARCH DATA26
FIGURE 3SILICON BATTERY MARKET: RESEARCH DESIGN26
2.1.1SECONDARY AND PRIMARY RESEARCH27
FIGURE 4SILICON BATTERY MARKET: RESEARCH APPROACH27
2.1.2SECONDARY DATA28
2.1.2.1List of major secondary sources28
2.1.2.2Key data from secondary sources29
2.1.3PRIMARY DATA29
2.1.3.1Primary interviews with experts30
2.1.3.2Key data from primary sources30
2.1.3.3Key industry insights30
2.1.3.4Breakdown of primaries31
2.2MARKET SIZE ESTIMATION31
2.2.1BOTTOM-UP APPROACH32
2.2.1.1Approach for arriving at market size by bottom-up analysis32
FIGURE 5SILICON BATTERY MARKET: BOTTOM-UP APPROACH32
2.2.2TOP-DOWN APPROACH33
2.2.2.1Approach for capturing market size by using top-down analysis33
FIGURE 6SILICON BATTERY MARKET: TOP-DOWN APPROACH33
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY FOR SILICON BATTERY MARKET USING SUPPLY-SIDE ANALYSIS33
2.3DATA TRIANGULATION34
FIGURE 8DATA TRIANGULATION34
2.4RESEARCH ASSUMPTIONS35
2.5RECESSION IMPACT: RESEARCH APPROACH36
2.6LIMITATIONS AND RISK ASSESSMENT36
3EXECUTIVE SUMMARY37
FIGURE 9SILICON BATTERY MARKET, 2019–2028 (USD MILLION)37
FIGURE 103,000–10,000 MAH CAPACITY SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD38
FIGURE 11CONSUMER ELECTRONICS APPLICATION TO HOLD LARGEST MARKET SHARE IN 202838
FIGURE 12ASIA PACIFIC EXPECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD39
3.1SILICON BATTERY MARKET: IMPACT OF RECESSION39
FIGURE 13GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES40
4PREMIUM INSIGHTS41
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN SILICON BATTERY MARKET41
FIGURE 14RISING DEMAND FOR EFFICIENT AND LONG-LASTING BATTERIES TO CREATE GROWTH OPPORTUNITIES FOR SILICON BATTERY MARKET41
4.2SILICON BATTERY MARKET, BY CAPACITY41
FIGURE 153,000–10,000 MAH CAPACITY SEGMENT TO DOMINATE SILICON BATTERY MARKET DURING FORECAST PERIOD41
4.3SILICON BATTERY MARKET, BY APPLICATION42
FIGURE 16CONSUMER ELECTRONICS APPLICATION TO HOLD LARGEST SIZE OF SILICON BATTERY MARKET IN 202842
4.4SILICON BATTERY MARKET IN NORTH AMERICA, BY COUNTRY AND APPLICATION42
FIGURE 17US TO SECURE LARGEST SHARE OF SILICON BATTERY MARKET IN NORTH AMERICA BY 202842
4.5SILICON BATTERY MARKET, BY COUNTRY43
FIGURE 18CHINA TO REGISTER HIGHEST CAGR FROM 2023 TO 202843
5MARKET OVERVIEW44
5.1INTRODUCTION44
5.2MARKET DYNAMICS44
FIGURE 19DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: SILICON BATTERY MARKET44
5.2.1DRIVERS45
5.2.1.1High energy density compared with other battery chemistries45
TABLE 1COMPARISON OF VARIOUS ANODE MATERIALS USED IN BATTERIES45
5.2.1.2Growing R&D initiatives by manufacturers to improve li-ion batteries45
5.2.1.3Increasing demand for high-capacity and lightweight batteries in consumer electronics46
FIGURE 20SILICON BATTERY MARKET: IMPACT ANALYSIS OF DRIVERS46
5.2.2RESTRAINTS47
5.2.2.1Volumetric expansion in silicon batteries47
FIGURE 21SILICON BATTERY MARKET: IMPACT ANALYSIS OF RESTRAINTS47
5.2.3OPPORTUNITIES47
5.2.3.1Significant rise in demand for electric vehicles47
FIGURE 22GLOBAL ELECTRIC VEHICLE SHIPMENTS, BY MODE, 2020 TO 2030 (MILLION UNITS)48
5.2.3.2Need for high-performance batteries in energy storage applications48
FIGURE 23SILICON BATTERY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES49
5.2.4CHALLENGES49
5.2.4.1Poor cycle life resulting from pulverization of Si particles during volumetric fluctuations49
5.2.4.2High manufacturing costs and complexities involved in developing silicon materials49
FIGURE 24SILICON BATTERY MARKET: IMPACT ANALYSIS OF CHALLENGES50
5.3VALUE CHAIN ANALYSIS50
FIGURE 25SILICON BATTERY MARKET: VALUE CHAIN ANALYSIS50
5.4PRICING ANALYSIS51
TABLE 2AVERAGE SELLING PRICES OF LITHIUM-ION BATTERY PACKS AND CELLS51
TABLE 3AVERAGE SELLING PRICES OF LITHIUM-ION BATTERIES, BY KEY APPLICATION51
FIGURE 26AVERAGE SELLING PRICES OF LITHIUM-ION BATTERIES, BY APPLICATION52
6SILICON BATTERY MARKET, KEY COMPONENTS53
6.1INTRODUCTION53
FIGURE 27COMPONENTS USED IN SILICON BATTERY53
6.2CATHODE53
6.2.1DETERMINES CAPACITY AND VOLTAGE OF SILICON BATTERIES53
6.3ANODE54
6.3.1PROMISING ALTERNATIVE TO LITHIUM OWING TO ITS HIGH ENERGY CAPACITY54
6.4ELECTROLYTE54
6.4.1IMPROVES ELECTROCHEMICAL PERFORMANCE OF SILICON ANODES54
6.5OTHERS55
7TYPES OF SILICON BATTERY56
7.1INTRODUCTION56
FIGURE 28SILICON BATTERY MARKET, BY TYPE56
7.2CELLS56
7.2.1HIGH DEMAND FOR LIGHTWEIGHT CELLS IN CONSUMER ELECTRONICS INDUSTRY56
7.3BATTERY PACKS56
7.3.1GROWING DEMAND IN HIGH ENERGY DENSITY APPLICATIONS56
8SILICON BATTERY MARKET, BY CAPACITY57
8.1INTRODUCTION58
FIGURE 29SILICON BATTERY MARKET, BY CAPACITY58
FIGURE 303,000–10,000 MAH TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD58
TABLE 4SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)59
TABLE 5SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)59
8.2<3,000 MAH59
8.2.1RISING DEMAND FOR COMPACT BATTERIES IN CONSUMER ELECTRONICS SECTOR59
TABLE 6<3,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)60
TABLE 7<3,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)60
TABLE 8<3,000 MAH: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)60
TABLE 9<3,000 MAH: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)61
8.3BETWEEN 3,000 MAH AND 10,000 MAH61
8.3.13,000–10,000 MAH SEGMENT TO DISPLAY HIGHEST CAGR BETWEEN 2023 AND 202861
TABLE 103,000–10,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)61
TABLE 113,000–10,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)62
TABLE 123,000–10,000 MAH: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)62
TABLE 133,000–10,000 MAH: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)62
8.4>10,000 MAH63
8.4.1GROWING DEMAND FOR HIGH ENERGY DENSITY BATTERIES IN ENERGY STORAGE APPLICATIONS TO DRIVE DEMAND63
TABLE 14>10,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)63
TABLE 15>10,000 MAH: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)64
TABLE 16>10,000 MAH: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)64
TABLE 17>10,000 MAH: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)64
9SILICON BATTERY MARKET, BY APPLICATION65
9.1INTRODUCTION66
FIGURE 31SILICON BATTERY MARKET, BY APPLICATION66
FIGURE 32CONSUMER ELECTRONICS TO CONTRIBUTE LARGEST MARKET SHARE IN 202866
TABLE 18SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)67
TABLE 19SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)67
9.2CONSUMER ELECTRONICS67
9.2.1RISING DEMAND FOR HIGH BATTERY EFFICIENCY AND LONGER LIFE CYCLES67
9.2.2SMARTPHONES68
9.2.3LAPTOPS68
9.2.4WEARABLE DEVICES68
TABLE 20CONSUMER ELECTRONICS: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)68
TABLE 21CONSUMER ELECTRONICS: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)69
TABLE 22CONSUMER ELECTRONICS: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)69
TABLE 23CONSUMER ELECTRONICS: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)69
9.3AUTOMOTIVE70
9.3.1INCREASING DEMAND FOR EVS WORLDWIDE70
9.3.2BATTERY ELECTRIC VEHICLES70
9.3.3PLUG-IN HYBRID ELECTRIC VEHICLES70
TABLE 24AUTOMOTIVE: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)71
TABLE 25AUTOMOTIVE: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)71
TABLE 26AUTOMOTIVE: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)71
TABLE 27AUTOMOTIVE: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)72
9.4AEROSPACE & DEFENSE72
9.4.1GROWING USAGE OF SILICON BATTERIES IN SATELLITES AND DRONES72
TABLE 28AEROSPACE & DEFENSE: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)73
TABLE 29AEROSPACE & DEFENSE: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)73
TABLE 30AEROSPACE & DEFENSE: SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)73
TABLE 31AEROSPACE & DEFENSE: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)74
9.5MEDICAL DEVICES74
9.5.1GROWING DEMAND FOR SMALLER BATTERIES WITH HIGH CAPACITIES74
TABLE 32MEDICAL DEVICES: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)75
TABLE 33MEDICAL DEVICES: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)75
9.6ENERGY75
9.6.1INCREASING DEMAND FOR HIGH-ENERGY STORAGE SYSTEMS75
TABLE 34ENERGY: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)76
TABLE 35ENERGY: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)76
10SILICON BATTERY MARKET, BY REGION77
10.1INTRODUCTION78
FIGURE 33SILICON BATTERY MARKET, BY REGION78
FIGURE 34CHINA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD79
TABLE 36SILICON BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)79
TABLE 37SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)80
10.2NORTH AMERICA80
FIGURE 35NORTH AMERICA: SILICON BATTERY MARKET SNAPSHOT81
FIGURE 36US TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN SILICON BATTERY MARKET DURING FORECAST PERIOD81
TABLE 38NORTH AMERICA: SILICON BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)82
TABLE 39NORTH AMERICA: SILICON BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)82
TABLE 40NORTH AMERICA: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)82
TABLE 41NORTH AMERICA: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)83
TABLE 42NORTH AMERICA: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)83
TABLE 43NORTH AMERICA: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)83
10.2.1US84
10.2.1.1Large presence of silicon battery technology providers and startups to drive market84
10.2.2CANADA84
10.2.2.1Increasing number of R&D initiatives to develop silicon battery technology84
10.2.3MEXICO84
10.2.3.1Increasing investment to modernize manufacturing and energy infrastructure84
10.3EUROPE85
FIGURE 37EUROPE: SILICON BATTERY MARKET SNAPSHOT85
FIGURE 38GERMANY TO GROW WITH HIGHEST CAGR DURING FORECAST PERIOD86
TABLE 44EUROPE: SILICON BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)86
TABLE 45EUROPE: SILICON BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)86
TABLE 46EUROPE: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)87
TABLE 47EUROPE: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)87
TABLE 48EUROPE: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)87
TABLE 49EUROPE: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)88
10.3.1GERMANY88
10.3.1.1Well-established automotive sector to expand market88
10.3.2UK88
10.3.2.1Growing adoption of electric vehicles to offer growth opportunities88
10.3.3FRANCE89
10.3.3.1Increasing government investments in development of EV sector to boost market89
10.3.4REST OF EUROPE89
10.4ASIA PACIFIC90
FIGURE 39ASIA PACIFIC: SILICON BATTERY MARKET SNAPSHOT90
FIGURE 40CHINA TO ACCOUNT FOR LARGEST SHARE OF ASIA PACIFIC SILICON BATTERY MARKET DURING FORECAST PERIOD91
TABLE 50ASIA PACIFIC: SILICON BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)91
TABLE 51ASIA PACIFIC: SILICON BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)91
TABLE 52ASIA PACIFIC: SILICON BATTERY MARKET, BY CAPACITY, 2019–2022 (USD MILLION)92
TABLE 53ASIA PACIFIC: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)92
TABLE 54ASIA PACIFIC: SILICON BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)92
TABLE 55ASIA PACIFIC: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)93
10.4.1CHINA93
10.4.1.1Rising demand for power generation to support manufacturing sector to drive market93
10.4.2JAPAN93
10.4.2.1Increasing focus on R&D for advanced battery technologies93
10.4.3INDIA94
10.4.3.1Rising manufacturing sector in country to create growth opportunities94
10.4.4SOUTH KOREA94
10.4.4.1Expanding electronics sector and increasing adoption of EVs to drive demand for silicon batteries94
10.4.5REST OF ASIA PACIFIC94
10.5ROW95
FIGURE 41MIDDLE EAST & AFRICA TO ACCOUNT FOR LARGEST SHARE OF ROW SILICON BATTERY MARKET DURING FORECAST PERIOD95
TABLE 56ROW: SILICON BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)95
TABLE 57ROW: SILICON BATTERY MARKET, BY CAPACITY, 2023–2028 (USD MILLION)95
TABLE 58ROW: SILICON BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)96
10.5.1MIDDLE EAST & AFRICA96
10.5.1.1Growing initiatives to boost renewable energy adoption96
10.5.2SOUTH AMERICA96
10.5.2.1Rising energy demand to fuel market growth96
11COMPETITIVE LANDSCAPE98
11.1INTRODUCTION98
11.2KEY PLAYER STRATEGIES/RIGHT TO WIN98
TABLE 59OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN SILICON BATTERY MARKET98
11.3MARKET RANKING ANALYSIS, 202299
TABLE 60RANKING OF PLAYERS IN SILICON BATTERY MARKET, 202299
11.4COMPANY EVALUATION QUADRANT, 2022101
11.4.1STARS101
11.4.2EMERGING LEADERS101
11.4.3PERVASIVE PLAYERS101
11.4.4PARTICIPANTS101
FIGURE 42SILICON BATTERY MARKET COMPETITIVE LEADERSHIP MAPPING, 2022102
11.5SILICON BATTERY MARKET: COMPANY FOOTPRINT103
TABLE 61OVERALL COMPANY FOOTPRINT103
TABLE 62COMPANY APPLICATION FOOTPRINT104
TABLE 63COMPANY REGIONAL FOOTPRINT105
11.6COMPETITIVE SITUATIONS AND TRENDS106
11.6.1PRODUCT LAUNCHES106
TABLE 64SILICON BATTERY MARKET: PRODUCT LAUNCHES106
11.6.2DEALS107
TABLE 65SILICON BATTERY MARKET: DEALS107
12COMPANY PROFILES113
12.1KEY PLAYERS113
(Business Overview, Products Offered, Recent Developments, and MnM View)*
12.1.1AMPRIUS TECHNOLOGIES, INC.113
TABLE 66AMPRIUS TECHNOLOGIES, INC.: BUSINESS OVERVIEW113
TABLE 67AMPRIUS TECHNOLOGIES, INC.: PRODUCTS OFFERED113
TABLE 68AMPRIUS TECHNOLOGIES, INC.: PRODUCT LAUNCHES114
TABLE 69AMPRIUS TECHNOLOGIES, INC.: DEALS114
12.1.2ENOVIX CORPORATION118
TABLE 70ENOVIX CORPORATION: BUSINESS OVERVIEW118
TABLE 71ENOVIX CORPORATION: PRODUCTS OFFERED118
TABLE 72ENOVIX CORPORATION: PRODUCT LAUNCHES119
TABLE 73ENOVIX CORPORATION: DEALS119
TABLE 74ENOVIX CORPORATION: OTHER DEVELOPMENTS120
12.1.3GROUP14 TECHNOLOGIES, INC.121
TABLE 75GROUP14 TECHNOLOGIES, INC.: BUSINESS OVERVIEW121
TABLE 76GROUP14 TECHNOLOGIES, INC.: PRODUCTS OFFERED121
TABLE 77GROUP14 TECHNOLOGIES, INC.: DEALS122
12.1.4SILA NANOTECHNOLOGIES, INC.124
TABLE 78SILA NANOTECHNOLOGIES, INC.: BUSINESS OVERVIEW124
TABLE 79SILA NANOTECHNOLOGIES, INC.: PRODUCTS OFFERED124
TABLE 80SILA NANOTECHNOLOGIES, INC.: PRODUCT LAUNCHES124
TABLE 81SILA NANOTECHNOLOGIES, INC.: DEALS125
TABLE 82SILA NANOTECHNOLOGIES: OTHER DEVELOPMENTS125
12.1.5ELKEM127
TABLE 83ELKEM: BUSINESS OVERVIEW127
FIGURE 43ELKEM: COMPANY SNAPSHOT128
TABLE 84ELKEM: PRODUCTS OFFERED128
12.1.6LANXI ZHIDE ADVANCED MATERIALS CO., LTD.129
TABLE 85LANXI ZHIDE ADVANCED MATERIALS CO., LTD.: BUSINESS OVERVIEW129
TABLE 86LANXI ZHIDE ADVANCED MATERIALS CO., LTD.: PRODUCTS OFFERED129
12.1.7NANOSPAN130
TABLE 87NANOSPAN: BUSINESS OVERVIEW130
TABLE 88NANOSPAN: PRODUCTS OFFERED130
12.1.8NEXEON LIMITED131
TABLE 89NEXEON LIMITED: BUSINESS OVERVIEW131
TABLE 90NEXEON LIMITED: PRODUCTS OFFERED131
TABLE 91NEXEON LIMITED: PRODUCT LAUNCHES132
TABLE 92NEXEON LIMITED: DEALS132
TABLE 93NEXEON LIMITED: OTHER DEVELOPMENTS133
12.1.9ONED BATTERY SCIENCES134
TABLE 94ONED BATTERY SCIENCES: BUSINESS OVERVIEW134
TABLE 95ONED BATTERY SCIENCES: PRODUCTS OFFERED134
TABLE 96ONED BATTERY SCIENCES: DEALS135
12.1.10XNRGI136
TABLE 97XNRGI: BUSINESS OVERVIEW136
TABLE 98XNRGI: PRODUCTS OFFERED136
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
12.2OTHER PLAYERS137
12.2.1ADVANO137
12.2.2ALKEGEN (SIFAB)137
12.2.3CENATE AS138
12.2.4ENEVATE CORPORATION139
12.2.5E-MAGY140
12.2.6EOCELL, INC.141
12.2.7GLOBAL GRAPHENE GROUP, INC.142
12.2.8LEYDENJAR TECHNOLOGIES B.V.143
12.2.9NANOGRAF CORPORATION144
12.2.10PARACLETE ENERGY, INC.145
12.2.11SILIB145
12.2.12TARGRAY TECHNOLOGY INTERNATIONAL INC.146
13APPENDIX147
13.1INSIGHTS OF INDUSTRY EXPERTS147
13.2DISCUSSION GUIDE148
13.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL151
13.4AVAILABLE CUSTOMIZATION OPTIONS153
13.5RELATED REPORTS153
13.6AUTHOR DETAILS154
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