06-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Silicon Battery Market By Capacity (0–3,000 mAh, 3,000–10,000 mAh, 10,000–60,000 mAh, and 60,000 mAh & Above), By Application (Consumer Electronics, Automotive, Aviation, Energy, and Medical Devices), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Silicon Battery market in 2019 was approximately USD 37.5 Million. The market is expected to grow at a CAGR of 36.5% and is anticipated to reach around USD 241.6 Million by 2026.
Silicon batteries are next-generation lithium-ion batteries. This lithium-ion extension exhibits ten times theoretical capacity when compared to lithium-ion batteries. The silicon battery’s long life and higher energy storage capacity increase its application in industrial, grid & renewable energy, automotive, and consumer electronics.
Browse the full “Silicon Battery Market By Capacity (0–3,000 mAh, 3,000–10,000 mAh, 10,000–60,000 mAh, and 60,000 mAh & Above), By Application (Consumer Electronics, Automotive, Aviation, Energy, and Medical Devices), and By Region: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/global-silicon-battery-market-by-capacity-03000-mah-672
The growth of the global Silicon market is likely to be fuelled by its exceptional features such as ten times more energy storage capacity and longer shelf life. Additionally, the replacement of graphite with silicon is anticipated to help expand the Silicon market during the forecast period. The increasing adoption of silicon batteries in consumer electronics and the growing R&D programs in organizations & battery manufacturers is expected to propel the growth of the Silicon Battery. However, the constant expansion and contraction of silicon batteries while charging and discharging have a negative impact on the performance of the battery, thereby posing a hindrance to the growth of the market.
Market Segment Dominance:
The silicon batteries ranging from 3,000 mAh to 10,000 mAh is expected to help the global Silicon Battery market to attain the highest CAGR during the forecast period owing to the rising demand for this range in the consumer electronics, electric vehicles, aviation, & power tools and the rare & high capacity features.
The growing demand for portable power sources for reliability and better performance in consumer electronics is anticipated to propel the consumer electronics category, thereby surging the global Silicon Battery market growth. Moreover, continuous technological developments in consumer electronics will further enhance the Silicon Battery market.
The Asia Pacific is expected to lead the global Silicon market during the forecast period. The increasing implementation of silicon batteries in the automotive, consumer electronics, and renewable energy industries are expected to fuel the trade for advanced batteries in the region. Furthermore, the advancements taking place in the wearable devices and consumer electronics sectors in the region is predicted to augment the growth of the Silicon Battery market. The escalating demand for electric vehicles and renewable energy sources and the rising R&D activities on the latest battery technologies in China are factors propelling the market in the Asia Pacific.
Some of the major players of the global Silicon Battery market include Enovix, Huawei, Amprius Technologies, Group14 Technologies, Enevate, Nexeon, LeydenJar Technologies, XG Sciences, Targray Technology International, Nanotek Instruments, Sila Nanotechnologies, and California Lithium Battery, among others.
This report segments the global Silicon Battery market as follows:
Global Silicon Battery Market: Capacity Segmentation Analysis
Global Silicon Battery Market: Application Segmentation Analysis
Global Silicon Battery Market:Regional Segmentation Analysis
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