About Lithium Silicon Battery
The term lithium silicon battery is a type of lithium-ion battery that uses a silicon-based anode and lithium ions as charge carriers. Silicon-based materials have a significantly higher specific capacity than other materials. Due to benefits such as its greatest known capacity and low working potential, silicon is one of the most capable anode materials for lithium-ion batteries. Lithium Silicon battery have great characteristics as Reduced reformulation work required during the initial validation and product development phases, Zero Capacity needed for manufacturing line, Significant reduction in time to market for new products. A lithium Silicon Battery is a classy battery technology that employs lithium ions as a key component of its electrochemistry. During a discharge cycle, lithium atoms in the anode are ionised and separated from their electrons. Lithium-silicon batteries have some benefit as Higher energy density, faster charging than li-ion batteries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 48.95% |
Global market is less competitive and consists of a greater number of providers who compete with each other. The intense competition, changing consumer expenses patterns, demographic trends, and frequent changes in consumer preferences. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Lithium Silicon Battery market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Enovix (United States), Huawei (China), Amprius Technologies (United States), Group14 Technologies (United States), Enevate (United States), Nexeon (United Kingdom), Leydenjar Technologies (European Union), Xg Sciences (United States), Targray Technology International (United States) and Nanotek Instruments (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Loom Solar (India), Exide – EV (India), Sila Nanotechnologies (United States) and California Lithium Battery (United States).
Segmentation Overview
AMA Research has segmented the market of Global Lithium Silicon Battery market by Type (Cylindrical, Prismatic, Pouch Cells and Others), Application (Automotive, Consumer Electronics, Energy, Medical Devices, Electrics vehicle and Others) and Region.
On the basis of geography, the market of Lithium Silicon Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Offline will boost the Lithium Silicon Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Lithium will boost the Lithium Silicon Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Consumers will boost the Lithium Silicon Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Lithium Silicon Battery from Healthcare Electronic Devices
Market Growth Drivers:
High Energy Density Compared to Other Battery, Increasing Adoption of Consumer Electronics and Ten Times More Energy Storage Capacity and Longer Shelf Life Than Other Battery
Challenges:
High Manufacturing Cost of The Battery and Silicon Material Is Having Not Long-Life Cycle
Restraints:
Poor Life Cycle of Silicon Materials and High Production Cost of The Batteries
Opportunities:
Rise in Demand for Electric Vehicles and Need for High-Performance Batteries and High Energy Storage Battery
Market Leaders and their expansionary development strategies
In May 2022 Battery Maker Amprius Tech Merging with SPAC Merger and Amprius, based in Fremont, California, was founded in 2008 and manufactures silicon anodes for lithium silicon batteries. According to the company, its cells provide more energy and power while being much lighter and smaller in size.
DOT’s Pipeline and Hazardous Materials Safety Administration issued a The Safety Advisory Notice aims to increase the public’s overall awareness about the dangers related to shipping lithium Silicon batteries for recycling or disposal., The Safety Advisory Notice:, Highlights the essential hazmat regulatory information needed to ship lithium batteries in commercial transportation for recycling and disposal. and Discusses the general dangers of shipping lithium batteries, what consumers should do, and steps shippers and carriers need to take when disposing and recycling lithium batteries and equipment/products containing lithium batteries. Directs readers to a variety of additional resources for further information on preparing lithium batteries for shipment.
Key Target Audience
Lithium silicon battery Manufacturer, Consumer Electronic, Vendor and Supplier, Government Bodies and Corporate Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.