According to a new market report published by Lucintel, the future of the global silicon battery market looks promising with opportunities in the automotive, consumer electronics, aviation, energy, and medical device markets. The global silicon battery market is expected to grow with a CAGR of 36% to 38% from 2023 to 2028. The major drivers for this market are increasing use of silicon as an anode material in lithium-ion batteries as it ensures improved capacity performance and high energy density when compared to other metal anodes.
In this market, 0–3,000 mAh, 3,000–10,000 mAh, 10,000-60,000 mAh, and 60,000 mAh & above are the major market segments of the silicon battery market by capacity. On the basis of its comprehensive research, Lucintel forecasts that 3,000–10,000 mAh segment is expected to witness the highest growth over the forecast period as it is used in various industries, such as consumer electronics, electric vehicles, medical devices, power tools, and aviation.
Within this market, automotive is expected to witness the highest growth over the forecast period due to increasing demand of electric vehicles combined with growing need for reducing carbon emissions from internal combustion engines.
APAC will remain the largest region due to technological advancement in wearable devices as well as consumer electronics sectors along with increase in adoption of electric vehicles.
Amprius Technologies, Enovix, Huawei, Enevat, Nanotek Instruments, Nexeon, LeydenJar Technologies, Targray Technology International, XG Sciences, California Lithium Battery, Sila Nanotechnologies, and Group14 Technologies are the major suppliers in the global silicon battery market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global silicon battery market by capacity, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Silicon Battery Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global silicon battery market by capacity, application, and region, as follows:
Silicon Battery Market by Capacity [Value ($M) Shipment Analysis from 2017 to 2028]:
· 0–3,000 mAh
· 3,000–10,000 mAh
· 10,000-60,000 mAh
· 60,000 mAh & Above
Silicon Battery Market by Application [Value ($M) Shipment Analysis from 2017 to 2028]:
· Automotive
· Consumer Electronics
· Aviation
· Energy
· Medical Devices
Silicon Battery Market by Region [Value ($M) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Silicon Battery Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the silicon battery market by capacity (0–3,000 mAh, 3,000–10,000 mAh, 10,000-60,000 mAh, and 60,000 mAh & above), application (automotive, consumer electronics, aviation, energy, and medical devices), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?