The Global Silicon Battery Market is predicted to rise significantly over the forecast period, from USD 55 million in 2023 to USD 414 million in 2028, representing an impressive compound yearly growth rate (CAGR) of 49.5%. This growth trajectory is attributed to the increasing demand for energy-efficient and sustainable energy storage solutions, particularly in a variety of industries and consumer electronics, underscoring silicon batteries' rising prominence as a promising substitute for traditional lithium-ion batteries.

An adaptable rechargeable battery called a lithium-ion battery allows lithium ions to move between its cathode and anode while charging and discharging. The energy density and capacity of silicon batteries are improved over those of traditional lithium-ion batteries, which use graphite anodes as anodes. These silicon-based batteries are well suited for a variety of applications, from personal electronic devices to electric vehicles, and they advance the development of energy-efficient and high-performance battery technologies. They are distinguished by their small size, light weight, and long lifespan.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=38224258

The market for 3,000-10,000 mAh is expected to grow at a highest CAGR during the forecast period

During the forecast period, the 3,000–10,000 mAh battery market is anticipated to develop at the greatest compound annual growth rate (CAGR). Numerous products, including consumer electronics, drones, power tools, medical equipment, and tiny industrial equipment, use these batteries. Due to their ability to be assembled into high-capacity modules, they are also anticipated to become an increasingly popular energy source for consumer devices in the approaching years. It should be noted that silicon batteries in this capacity range show an impressive cycle efficiency of up to 85–90% and exhibit steady cycling behaviour beyond 200+ cycles. Amprius Technologies, Inc. (US), Enovix Corporation (US), and Sila Nanotechnologies, Inc. (US), three major competitors in this market, are aggressively advancing this sector.

The automotive industry is expected to grow at highest CAGR from 2023 to 2028

From 2023 to 2028, the automotive sector is anticipated to expand at the greatest compound annual growth rate (CAGR), making it a substantial market for silicon batteries. As the automotive industry experiences a surge in the adoption of low-emission vehicles and government initiatives promoting sustainable transportation, battery-driven vehicles, including battery electric vehicles, plug-in hybrid electric vehicles, and e-bikes, are primarily responsible for this growth. Considering that many nations intend to phase out petrol and diesel vehicles over the next few decades, EVs are predicted to rule the global automotive market. In order to improve capacity, performance, charging speed, and driving range, automakers have partnered with or invested in battery firms in response to issues including lengthy charging times and constrained driving range.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/silicon-anode-battery-market-38224258.html

North America is expected to hold a substantial share of the Global Silicon Battery Market during the forecast period

Due to the presence of significant market players in the region and the widespread commercialization of products, particularly in the United States, that serve small consumer electronics, North America is anticipated to account for a sizeable portion of the global silicon battery market during the forecast period. The existence of numerous notable competitors, especially in the US, has fueled the fierce competition in the North American market. For use in consumer electronics, energy applications, and electric cars, companies in this region are currently developing silicon batteries. By providing or developing silicon anode batteries and related technologies for various end-users, major market participants like Amprius Technologies, Inc. (US), Enevate Corporation (US), Enovix Corporation (US), Sila Nanotechnologies, Inc. (US), and Group14 Technologies, Inc. (US) play a crucial role in expanding the market.

The Major Player in this market includes Amprius Technologies, Inc. (US), Enovix Corporation (US), Enevate Corporation (US), NanoGraf Corporation (US), Sila Nanotechnologies, Inc. (US), Group14 Technologies, Inc. (US), and Nexeon Limited (UK).

News Covered:

https://www.prnewswire.com/news-releases/silicon-battery-market-worth-414-million-by-2028---exclusive-report-by-marketsandmarkets-301773923.html

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com