Silicon Anode Battery market is anticipated to grow at a CAGR of 10.1% during the forecast period (2023-2030). Silicon anode batteries are an extension of widely used lithium-ion (Li-Ion) batteries. Silicon anode batteries offer higher energy storage capacity compared to traditional lithium-ion batteries, making them suitable for applications requiring long-lasting power. The growing adoption of high-energy density batteries in various industries such as consumer electronics, automotive, and renewable energy is the key factor supporting the growth of the market globally. Various market players designed, produced, and shipped an advanced silicon-anode lithium-ion battery that combines increased energy density and high cycle life. The market players are also focusing on advanced silicon-anode lithium-ion battery production facilities that further bolster the market growth. For instance, in January 2021, Enovix Corp. equipped its advanced silicon-anode lithium-ion battery production facility in Fremont, California. The first advanced silicon-anode lithium-ion battery production facility in the US provides high-energy-density batteries to mobile device customers and creates Bay Area jobs.
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Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the growing adoption of electric vehicles by consumers. Additionally, the growing investment by government in the battery production is further anticipated to propel the growth of the silicon anode battery market in the region. For instance, in October 2022, the US Department of Energy awarded $2.8 billion in grants from the Bipartisan Infrastructure Law to 20 manufacturing and processing companies for projects across 12 states. President Biden has also announced the American Battery Materials Initiative, a new effort to mobilize the entire government in securing a reliable and sustainable supply of critical minerals used for power, electricity, and electric vehicles (EVs). The funding for the selected projects supports commercial-scale domestic silicon oxide production facilities to supply anode materials for an estimated 600,000 EV batteries annually.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Silicon Anode Battery Market by Capacity
- Less than 1500 mAh
- 1500 mAh to 2500mAh
- Above 2500 mAh
Global Silicon Anode Battery Market by Application
- Consumer Electronics
- Automobile
- Medical Devices
- Industrial
- Energy Harvesting
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Adform
- 24M
- Advano
- BTR New Material Group Co., Ltd.
- E-magy
- Enevate Corp.
- Group14 Technologies
- Innolith
- LeydenJar
- NanoGraf Corp.
- NanoXplore Inc.,
- NEO Battery Materials LTD.
- Nexeon® Ltd.
- OneD Battery Sciences
- ProLogium Technology CO., Ltd.
- Sila Nanotechnologies Inc.
- Sionic Energy
- Solid Power
- Targray Technology International Inc.
- Unifrax
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Silicon Anode Battery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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