Growing R&D activities by major companies for development of advanced silicon anode batteries is expected to drive the growth of United States silicon anode battery market
According to TechSci Research report, “United States Silicon Anode Battery Market By Type, By Capacity, By Application, By Region, Forecast & Opportunities, 2024”, the United States silicon anode battery market is expected to grow at a formidable rate during the forecast period on account of the growing demand of silicon anode batteries in electric vehicles. However, low coulombic efficiency of silicon anode batteries and high manufacturing costs can restrict the growth of market during forecast period. Additionally, large volume change of silicon is observed when lithium is inserted in the battery. This can further hamper the growth of market during forecast period.
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The United States silicon anode battery market is segmented based on type, capacity, application, company and region. Based on type, the market can be fragmented into cylindrical, prismatic and pouch. The pouch type is expected to register significant growth over the coming years. This can be accredited to the growing popularity of pouch type in various end user industries such as consumer electronics, packing, smart cards, wearable devices, medical devices, among others which require high-energy power source to be integrated within the limited space. Based on capacity, the market can be categorized into <1500mAh, 1500-2500mAh and above 2500mAh. The 1500-2500mAh segment is expected to hold significant market share during forecast period attributable to the fact that they can be used as thin-film batteries or as portable batteries. These batteries are used for products which require moderate to high energy for functioning. Based on application, the market can be segmented into consumer electronics, automotive, industrial and grid & renewable energy. The automotive segment is expected to witness significant growth during forecast period owing to the high energy density and longer cycle life of silicon anode batteries which are critical for battery-driven cars. Additionally, greater working potential and high charge capacity of silicon anode battery helps manufacturers to reach required power ranges by deploying a smaller number of batteries, thereby achieving high performance.
Cymbet Corporation, Planar Energy Devices, Inc., California Lithium Battery Inc., Enevate Corporation, XG Sciences, Los Angeles Clean Tech Incubator, Nanotek Instruments, Inc., Amprius Inc., Zeptor Corporation, Samsung SDI America Inc. and others are some of the leading players operating in United States silicon anode battery market.
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“United States silicon anode battery market is expected to witness significant growth through 2024, owing to the ongoing product innovation in silicon using nano-technology. Additionally, increasing adoption of electric vehicles in the country is further expected to propel the market over the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Silicon Anode Battery Market By Type, By Capacity, By Application, By Region, Forecast & Opportunities, 2024” has evaluated the future growth potential of United States silicon anode battery market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United States silicon anode battery market.
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