Silicon Anode Battery Market: Introduction
- Powerful, portable, and rechargeable, lithium-ion batteries are crucial components of modern technology, found in smartphones, laptops, and electric vehicles
- Silicon anode batteries are an extension of widely used lithium ion (Li-Ion) batteries
- Early generation Li-Ion batteries used lithium as the anode material. This was replaced with carbon/graphite, following a number of widely reported overheating and explosion incidents. Next-generation Li-Ion batteries are likely to utilize silicon anodes that use silicon nanotubes or a comparable coating process. This is estimated to result in significantly higher energy storage and longer battery life.
- Silicon can store up to 10 times more lithium as compared to graphite, which enables batteries to store greater energy. Silicon swells dramatically when it is charged with lithium, which can cause it to crack and stop working.
- The 100% silicon nanowire anode is a direct replacement for graphite anodes. Silicon nanowire batteries offer higher energy density, conductivity, and superior cycle life as compared to that offered by standard lithium-ion batteries. Silicon batteries have up to 50% higher energy density than standard lithium-ion batteries with carbon anodes.
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Rise in demand from automotive manufacturers and smart portable electronic devices
- Extension of the driving range of electric vehicles (EVs) to encourage widespread adoption is prompting battery producers to develop ways to increase the length of time batteries can run between charges. Technological development of smart electronic devices is creating further demand for batteries with larger capacity.
- Several battery firms have huge investments and have started large-scale production of the silicon anode battery
Asia Pacific to Hold Significant Share
- Rise in population and usage of smart devices is boosting the market in Asia Pacific. China is a prominent market and several OEMs have entered into partnerships to establish production facilities in China. Countries such as India, Korea, and Japan are also witnessing an increase in sales of EVs and smart devices with increase in need of higher energy density and fast charging.
- North America is a notable market with greater innovation in silicon anode battery and primary focus on electric vehicles and consumer electronics in the region
- Europe is also accounted for the second-largest market for silicon anode battery, globally. Europe is home to a dominant automotive sector and the high rate of adoption of electric vehicles in developed countries further drive the market in the region. Governments of countries in the region are also investing and promoting the use of battery-powered vehicles.
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Key Players Operating in Silicon Anode Battery Market
Major operating players in the global silicon anode battery market are focused on developing battery scalability, which enables cost-effective large-scale production. The vision behind developing such batteries is to charge EVs as quickly as refueling gas cars and promote the mass adoption of these batteries.
Enovix has designed, developed, and sampled advanced Lithium-ion batteries with energy densities five years ahead of current industry production
Key players include:
- Amprius Technologies
- Enovix
- Huawei
- Enevate
- Nanotek Instruments
- Nexeon
- Leyden Jar
- Targray Technology International
- XG Sciences
- Shin-Etsu Chemical Co., Ltd
- Sila Nanotechnologies Inc.
- Daejoo Electronic
- Hitachi Chemical Company, Ltd.
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