The silicon anode lithium-ion battery market is driven by
the growing demand for electric vehicles and electronics that
require high-performance batteries. These batteries offer
advantages like extended life, improved safety, and higher energy
density compared to traditional options, making them ideal for
electric vehicles and aerospace applications.
NEWARK,
Del., May 6, 2024 /PRNewswire/ -- According to
Future Market Insights (FMI), the global silicon anode lithium-ion
battery market value is set to reach US$ 1,052.8 million in 2024
and US$ 57,653.4
million in 2034. Over the assessment period, the
industry is predicted to surge at a CAGR of 49.2%.
Download the Sample PDF report to explore key market
insights and trends:
https://www.futuremarketinsights.com/reports/sample/rep-gb-19579
Growing demand for electric vehicles and electronics
necessitates advanced, high-energy, and secure battery solutions,
propelling demand for silicon-anode lithium-ion batteries.
Developments in battery chemistry, manufacturing, processing,
recycling technologies, and infrastructure investments are further
projected to fuel the growth.
The automotive industry plays a pivotal part in propelling the
silicon anode lithium-ion battery market, fuelled by the necessity
for secure and dependable energy sources. Silicon anode batteries
exhibit superior safety compared to alternative anode materials
like carbon and graphite, offering extended battery life and
sustainability.
Silicon anode lithium-ion batteries prove their effectiveness in
aerospace applications due to their high energy density and
efficiency, surpassing conventional graphite anodes. With a
capacity approximately ten times greater than graphite, silicon
emerges as a promising option for aerospace applications where
weight reduction and energy efficiency are vital.
Key Takeaways from the Report
- The industry is projected to thrive at 49.2% CAGR
through 2034.
- By application, the automotive segment is set to hold a market
share of 51.3% in 2024.
- The United States is
anticipated to reach US$ 30,684.6 million by 2034.
- China is projected to attain a
valuation of US$ 11,369.8 million by 2034.
- India is predicted to rise at
32.3% CAGR through 2034.
"The rise in electric vehicle sales due to sustainability
concerns and government concessions has led to a surge in the use
of silicon anode lithium-ion batteries in the automotive sector.
Furthermore, the transition towards renewable energy sources and
new applications for lithium-ion batteries is projected to
stimulate growth." – says Nikhil
Kaitwade (Associate Vice President at Future Market Insights,
Inc.)
Competitive Landscape
Sila Nanotechnologies, Amprius Technologies, Group14
Technologies, Enovix Corporation, and NanoGraf Corporation are
the key companies profiled in the full version of the report.
Leading silicon anode lithium-ion battery manufacturers and
suppliers are actively investing in continuous research to create
new and advanced materials and improve their manufacturing
processes to cater to end-user needs.
Recent developments-
- In March 2024, NanoGraf
opened a new facility for advanced manufacturing and expanded
research and development capabilities in Chicago.
- In March 2024, NEO Battery
Materials filed a 9Mn patent for a manufacturing innovation in
NBMSiDE®, resulting in improved yield, capacity, and quality in
silicon anode production.
Purchase now and gain full access to
the Silicon Anode Lithium Ion Battery Industry report, featuring
comprehensive Market Forecast, Company Share Analysis, Competition
Intelligence, DROT Analysis, Market Dynamics and Challenges, and
Strategic Growth Initiatives.
More Insights into the Silicon Anode Lithium-ion Battery
Market Report
In its latest report, Future Market Insights (FMI) offers an
unbiased analysis of the global silicon anode lithium-ion battery
market, providing historical data from 2019 to 2023 and forecast
statistics for the period 2024 to 2034.
To understand the global market potential, growth, and scope,
the market is segmented based on capacity (<3000 mAh, 3000 mAh
to 10000 mAh, >10000 mAh), material (nanostructured silicon
anode, Si-based carbon composite anode), application (automotive,
consumer electronics, aerospace, industrial, power, others), and
region.
About the Chemicals and Materials Division at Future Market
Insights (FMI)
The chemicals and materials division of Future Market
Insights (FMI) offers a distinct and pinpoint analysis of the
chemicals and materials industry. This exhaustive coverage extends
from commodity, bulk, specialty, and petrochemicals to advanced
materials, composites, and nanotechnology in particular, with
special emphasis on 'green alternatives, recycling and renewable
technology developments, and supply-demand-trade assessment. Our
research studies serve as referencing market guidelines for
chemical manufacturers, research institutions, channel partners,
and government bodies for developing – 'The Way
Forward'.
About the Author:
Nikhil Kaitwade (Associate Vice President at Future Market
Insights, Inc.) has over a decade of experience in market research
and business consulting. He has successfully delivered 1500+ client
assignments, predominantly in Automotive, Chemicals, Industrial
Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research
methodology, creating a unique analysis framework, statistical data
models for pricing analysis, competition mapping, and market
feasibility analysis. His expertise also extends wide and beyond
analysis, advising clients on identifying growth potential in
established and niche market segments, investment/divestment
decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in
Mechanical Engineering. Nikhil has authored several publications
and quoted in journals like EMS Now, EPR Magazine, and EE
Times.
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