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Global Lithium Silicon Battery Market Share, Growth, Size, Price: By Battery Shape: Prismatic, Cylindrical, Coin-Shaped, Multi Cell, Others; By End Use: Automobile, Aerospace, Defense, Consumer Electronics, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Lithium Silicon Battery Market Outlook
The global lithium silicon battery market size is expected to grow at a CAGR of 12.60% in the forecast period of 2024-2032. This development is aided by the rising energy demands around the world.
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Global Lithium Silicon Battery Market Key Trends
Lithium silicon batteries are a sub-class of lithium-ion batteries that employ silicon-based anode and lithium-ions acting as charge carriers.
Increasing Industrialisation
With the changing lifestyles of the consumers due to the rapid urbanisation and industrialisation, the demand for smart electronics is rising, this is bolstering the demand for lithium silicon batteries.
Better Energy Density
Lithium-ion batteries with graphite anodes are widely used in multiple applications ranging from small consumer uses to large rigid energy storage. However, graphite does not provide high energy output and is being substituted by silicon for better performance.
Rising Need for Energy Storage
Energy storage is extensively used in power grids, vehicles, for machinery, among many other applications. Manufacturers are developing and launching new solutions to meet the demand.
Growth Opportunities for Global Lithium Silicon Battery Market
Rising Adoption of Electric Vehicles
The market for lithium-ion batteries with silicon anode will rise with increasing adoption in electric vehicles due to their higher energy density and longer battery life.
Rising Demand for Portable Devices
Lithium silicon batteries is widely used for portable devices and the demand will further grow as the technology develops for portable devices, such as smartwatches, smartphones, and tablets, among others.
Challenges to Global Lithium Silicon Battery Market
Expansion of Battery
Silicon-anode batteries can expand greatly when fully charged and this can significantly damage the structure of the battery.
The Expensive Process of Production
Manufacturing silicon materials require sophisticated equipment, and the manufacturing involves complex procedures to ensure that the silicon does not expand and damages the battery.
Global Lithium Silicon Battery Market Analysis
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Based on battery shape, the market can be segmented into prismatic, cylindrical, coin-shaped, and multi-cell, among others. Based on the end-user, it can be bifurcated into automobile, aerospace, defence, and consumer electronics, among others. The regional markets for the liver cancer screening market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa.
The extensive E.M.R. report provides an in-depth evaluation of the market based on Porter's five forces model and a SWOT analysis.
The lithium silicon battery market report comprehensively analyses key players in the market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Enovix Corporation
- Global Graphene Group
- 3M Co.
- EoCell, Inc
- Nexeon Ltd.
- Sila Nanotechnologies Inc.
- Others
Market Share by Battery Shape
Based on battery shape, the market segments include prismatic, cylindrical, coin-shaped, and multi-cell, among others. Among these segments, the cylindrical shape has been the most widely adopted as these are suitable for automated manufacturing. They also allow even distribution of the internal pressure over the circumference of the cell.
Prismatic lithium cells are the second largest segment as they offer larger energy capacity and can be found inside laptops. Due to their higher energy output, they are used to build larger battery packs.
Market Share by End-Use
The market segments, according to end-use, can be divided into automobile, aerospace, defence, and consumer electronics, among others.
Among these, the consumer electronics segment is expected to hold the largest market share. Technological advancements have led various electronic devices, such as delivery drones, wearables, and AR/VR devices to adopt a lighter and compact design.
This has propelled various companies to develop lithium silicon batteries as the lithium-ion batteries started showing drawbacks related to size, weight, and energy capacity.
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Competitive Landscape
Enovix Corporation is a leading company engaged in the manufacturing of silicon-anode lithium batteries. They are headquartered in the United States and were founded in 2007. They are focused on developing high-density batteries with a greater life cycle. Their primary target is providing high-energy batteries for manufacturers of mobile devices.
3M Co. is one of the largest multinational conglomerates headquartered in Minnesota, the United States, which was founded in June 1902. They have a wide product portfolio, encompassing thousands of products including adhesives, laminates, medical products, car-care products, electronic circuits, and EV battery solutions, among many others.
Nexeon Ltd. is a company focused on dealing with battery materials and manufacturing lithium-ion and silicon anode technology batteries. They develop lithium batteries for electronic vehicles, wearables, and consumer electronics to provide sustainable energy. Its headquarter is located in Oxfordshire, the United Kingdom and the company was founded in 2006.
Other key players in the market include Global Graphene Group, EoCell Inc, and Sila Nanotechnologies, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Battery Shape |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Lithium Silicon Battery Market Analysis
8.1 Key Industry Highlights
8.2 Global Lithium Silicon Battery Historical Market (2018-2023)
8.3 Global Lithium Silicon Battery Market Forecast (2024-2032)
8.4 Global Lithium Silicon Battery Market by Battery Shape
8.4.1 Prismatic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Cylindrical
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Coin-Shaped
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Multi Cell
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Lithium Silicon Battery Market by End Use
8.5.1 Automobile
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Aerospace
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Defense
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Consumer Electronics
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Lithium Silicon Battery Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Lithium Silicon Battery Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Lithium Silicon Battery Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Lithium Silicon Battery Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Lithium Silicon Battery Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Lithium Silicon Battery Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Enovix Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Global Graphene Group
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 3M Co.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 EoCell, Inc
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Nexeon Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Sila Nanotechnologies Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Lithium Silicon Battery Market: Key Industry Highlights, 2018 and 2032
2. Global Lithium Silicon Battery Historical Market: Breakup by Battery Shape (USD Million), 2018-2023
3. Global Lithium Silicon Battery Market Forecast: Breakup by Battery Shape (USD Million), 2024-2032
4. Global Lithium Silicon Battery Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Global Lithium Silicon Battery Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Global Lithium Silicon Battery Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Lithium Silicon Battery Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Lithium Silicon Battery Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Lithium Silicon Battery Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Lithium Silicon Battery Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Lithium Silicon Battery Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Lithium Silicon Battery Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Lithium Silicon Battery Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Lithium Silicon Battery Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Lithium Silicon Battery Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Lithium Silicon Battery Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Lithium Silicon Battery Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Lithium Silicon Battery Market Structure
Key Questions Answered in the Report
The market for lithium silicon batteries is expected to grow at a CAGR of 12.60% during the period 2024-2032.
The lithium silicon battery market is driven by the rising energy demands due to the increasing urbanis`ation and better energy storage solutions to meet the increasing demand.
The shift of companies toward silicon anode lithium batteries owing to their better energy density and technological developments in consumer electronics are key trends in the market.
The regional markets for the global lithium silicon battery market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The battery shapes in the market include prismatic, cylindrical, coin-shaped, and multi-cell, among others.
The product finds end-uses in automobile, aerospace, defence, and consumer electronics, among others.
Lithium-silicon batteries have the potential of 10 times more energy capacity than graphite in lithium-ion batteries.
The key players in the market include Enovix Corporation, Global Graphene Group, 3M Co., EoCell, Inc, Nexeon Ltd., and Sila Nanotechnologies Inc., among others.
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