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Silicon Battery Market Analysis: Projected Worth of $414 Million by 2028

The silicon battery market size is expected to reach USD 414 million by 2028 from USD 55 million in 2023 growing at a CAGR of 49.5% during the forecast period.

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Silicon Battery Market Analysis: Projected Worth of $414 Million by 2028

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  1. MarketsandMarkets Presents The Global Silicon Battery Market Size is projected to grow from USD 55 million in 2023 to USD 414 million by 2028, at a CAGR of 49.5% during the forecast period. A lithium-ion battery is a rechargeable battery in which lithium ions flow between cathode and anode while charging and discharging. While conventional lithium-ion batteries use anode electrodes made of graphite, silicon batteries consists of silicon anodes to increase energy density and capacity. Silicon batteries are small, light, long-lasting, and can be used in everything from personal devices to electric vehicles.

  2. MarketsandMarkets Presents The market for 3,000-10,000 mAh is expected to grow at a highest CAGR during the forecast period The batteries in this capacity range can be used in a diverse range of applications such as consumer electronics, drones, power tools, medical devices, and small industrial equipment. This capacity range is also expected to be an ideal energy source for consumer electronics in the coming years. They can be assembled in a module format for high- capacity applications. Such silicon batteries have a greater cycle efficiency of up to 85–90% and have a stable cycling performance over 200+ cycles. Some key players in this segment are Amprius Technologies, Inc. (US), Enovix Corporation (US), and Sila Nanotechnologies, Inc. (US).

  3. MarketsandMarkets Presents The Automotive Industry is expected to grow at highest CAGR from 2023 to 2028 The automotive industry is expected to be one of the major segments for silicon batteries in the coming years. The segment includes battery- driven vehicles, such as battery electric vehicles, plug-in hybrid electric vehicles, e-bikes, etc., which are the current significant consumers of lithium-based batteries. EVs are gaining market share in the automotive industry due to the rising adoption of low-emission automobiles and government initiatives. Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3822 4258

  4. MarketsandMarkets Presents The Automotive Industry is expected to grow at highest CAGR from 2023 to 2028 It is estimated that in many countries, petrol and diesel automobiles will be banned by the next few decades, and EVs will dominate the global automotive market. However, EVs have some drawbacks, such as long charging times and a limited driving range. This has pushed manufacturers to collaborate with or invest in battery manufacturers to improve capacity, performance, charge times, and driving range. Automotive companies are taking initiatives to support the development of silicon anode batteries for electric vehicles by making partnerships and investing in silicon battery technology companies.

  5. MarketsandMarkets Presents North America is expected to hold a substantial share of the Global Silicon Battery Market during the forecast period Most key market players are based in the region; many products have been commercialised in the United States and are used in small consumer electronics.North American companies are developing silicon batteries for EVs, consumer electronics, and energy applications. North America is a highly competitive market due to the presence of several players in the US. The market in North America is expanding due to the presence of key players such as Amprius Technologies, Inc. (US), Enevate Corporation (US), Enovix Corporation (US), Sila Nanotechnologies, Inc. (US), and Group14 Technologies, Inc. (US). These players are offering or developing silicon anode batteries/technology/materials for various end users.

  6. MarketsandMarkets Presents Key Players The major players 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). Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/silicon-anode- battery-market-38224258.html

  7. MarketsandMarkets Presents 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.

  8. MarketsandMarkets Presents Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/silicon-anode- battery.asp

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