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Silicon Battery Market by Type (Cylindrical Cell, Pouch, Prismatic), Capacity (0–3,000mAh, 3,000–10,000mAh, 10,000–60,000mAh, >60,000mAh), Component (Cathode, Anode, Electrolyte and Others), Industry Vertical (Consumer Electronics, Automotive, Aerospace and Defence, Energy and Power, Healthcare and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027

A08932
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Dec 2020 | 48 Views
 
Author(s) : NA
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Silicon battery is a type of lithium-ion (Li-Ion) battery where the anodes replaced by silicon nanotubes or silicon coating and lithium ions act as charge carriers. Silicon anode batteries are used in large-scale in consumer electronics devices such as smartphones, smartwatch, digital cameras and other wearable devices as they have higher cycle efficiency of 85-90% and excellent stable cycling performance of over 200+ cycles. 

Silicon batteries are used in electric vehicles, aircraft in the form of individual cells or battery pack modules as they have high storage capacity and ensures reliability due to high energy density, high power density and long battery life. Silicon batteries are used in medical electrical equipment such as pacemakers, infusion pumps, hearing aids among others as they are compact, light-weight, durable, require negligible maintenance with very low self-discharge. Need for advanced features and huge investment by governments in R&D implies that the silicon battery market share will undergo significantly high growth in coming years.

Silicon Battery Market

Top Impacting Factors: Market Scenario Analysis, Trends, Driver, and Impact analysis

Growing adoption of electric vehicles requiring high capacity portable batteries as well as rising demand of high energy power devices for smooth running of consumer electronic devices are the major factors propelling silicon battery market growth. However, expensive manufacturing cost as well as changing nature of expansion and contraction of metals and chemicals in silicon battery causing cracks and eventually cell failure tends to hamper market growth.

Contrarily, growing adoption of renewable energy resources has led to the development of resilient solar technologies using silicon anode batteries with a view to reduce emission of greenhouse gases as well as other pollutants thereby driving silicon battery market revenue. Further advancements of high-end technologies along with stringent regulations by the government regarding conservation of non-renewable resources and development of alternate sources is expected to present new pathways to silicon battery industry.

New Product Launches to flourish the market:

Global leading silicon battery market players have adopted necessary steps to develop low cost efficient battery technology that offers fast charging and long-range for electric vehicles thereby accelerating the adoption of electrified mobility.

In March 2020, Sion Power Corp., mostly known for lithium-sulphur battery technology, introduced the latest lithium-metal rechargeable batteries with Licerion EV technology that claims to offer unprecedented performance not only in laboratories but also in commercial scale. Licerion EV batteries offer high energy density, increased cycle life, fast charging capability as well as high energy density as the cells scaled to commercial design are anticipated to provide energy density of 420Wh/kg and 700Wh/L. These batteries have 1.8Ah cells that result in 800 full depth of discharge cycles to 70% capacity. Charge times of 15min to 100% state of charge repeatedly demonstrated 99.7% efficiency. Licerion EV technology is ideal for automobile applications including landing vehicles (eVTOL) and unmanned vehicles.

Surge in use in Industrial and Automotive application

Use of silicon has provided step-change improvement to Li-Ion battery performance not only to energy density but also to fast charge capability thereby enabling cleaner, quieter and environmentally friendly transport by reducing emission of greenhouses gases from battery-powered electric vehicles.

In February 2020, Enevate launched the 4th generation XFC-Energy technology for high volume commercialization to serve the EV market thereby achieving 5-minute charging to 75 percent capacity with 800 Wh/L cell energy density. Through this technology the company has achieved about 10times improvement in fast charge speeds for EV batteries without compromising energy density. This enables charging an electric vehicle (EV) as fast as refueling a gas car that allows to drive through charging stations in future as well as reduces the emission of greenhouse gases and other pollutants into the atmosphere.

Covid-19 Scenario Analysis:

  • The COVID-19, now a global pandemic, has caused a sizable negative impact on the economy as nations worldwide have shut down all non-essential business. On the contrary the use of silicon battery that falls somewhere between essential and non-essential equipment is experiencing high demand in healthcare sector for monitoring and diagnosis of COVID-19 patients.
  • Use of silicon battery in battery-powered healthcare devices such as pacemakers, medical defibrillators, meters, monitors and ventilation systems for treatment of COVID-19 infected patients is currently driving the silicon battery market revenue. 
  • The market has experienced demand lapse due to temporary shutdown of industrial automation systems as well as transportation facilities. It is anticipated that the short-term demand lapse will be compensated by steady rebound of silicon battery market shortly after lockdown restrictions are eased.

Market Scope and Structure Analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast Period

  2021–2027

  Forecast Unit

Value ($)

  Segments Covered

Type, Capacity, Component, Industry Vertical, and Region covered

  Region Covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and rest of Europe), Asia Pacific (India, Japan, China, and rest of Asia Pacific) and LAMEA (Latin America, Middle East, and Africa)

  Companies Covered

Amprius Technologies, Panasonic Corp., Nanotek Instruments Inc., Enevate Corp., XG Sciences, California Lithium Battery Inc., Enovix, Huawei Technologies, LeydenJar Technologies and Sila Nanotechnologies Inc.

 

Key benefits of the stakeholders:

  • The study gives an analytical overview of Silicon Battery market forecast with current trends and future estimations to determine imminent investment pockets.
  • The report provides information related to key drivers, restraints, and opportunities along with detailed market analysis.
  • The current Silicon Battery market trends are quantitatively analyzed from 2021 to 2027.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 

Key segments covered:

Segments

Sub-segments

  Type

  • Cylindrical Cell
  •  Pouch
  •  Prismatic

  Capacity

  • 0–3,000mAh
  • 3,000–10,000mAh
  • 10,000–60,000mAh
  • >60,000mAh

  Component

  • Cathode
  • Anode
  • Electrolytes
  • Others

  Industry Vertical

  • Consumer Electronics
  • Automotive
  • Aerospace and Defense
  • Energy and Power
  • Healthcare
  •  Others

 

Questions answered in the Silicon Battery market research report:

  • Who are the leading players in the Silicon Battery market?
  • What are the current trends that would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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