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| Silicon Anode Battery Market |
The global Silicon Anode Battery Market is estimated to be valued at US$ 370.47 Mn in 2023 and is expected to exhibit a CAGR of 21.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Silicon anode batteries utilize silicon as the anode material in place of
graphite. Using silicon allows for a higher charge capacity compared to
graphite anodes, extending battery life.
Market key trends:
One of the key trends in the silicon anode battery market is the use of
silicon-carbon composite materials as anodes. Combining silicon with carbon not
only improves conductivity but also helps address the issues of silicon
expansion and contraction during charge-discharge cycles that can degrade
battery performance over time. Many battery manufacturers are developing
silicon-carbon composite anode materials with carbon contents ranging from
5-30% to maximize the benefits.
Segment Analysis
The global silicon anode battery market is segmented by type into silicon oxide
anode, silicon-carbon anode, and silicon-graphite anode. Among these, the
silicon-carbon anode segment dominates the market and is expected to remain the
largest during the forecast period. Silicon-carbon anodes offer higher energy
density, lower costs, and improved cycling stability as compared to other
types.
Key Takeaways
The global Silicon
Anode Battery Market Growth is expected to witness high growth,
exhibiting CAGR of 21.% over the
forecast period, due to increasing demand for electric vehicles with higher
driving range.
Regional analysis
Regionally, Asia Pacific dominates the global silicon anode battery market and
is expected to continue its dominance during the forecast period. Countries
such as China and Japan are major markets for electric vehicles in the region.
Further, the presence of leading battery manufacturers is driving the regional
market.
Key players
Key players operating in the silicon anode battery market are Nexeon Limited,
Enevate Corporation, OneD Material, XG Sciences Inc., Nanotek, Instruments,
Inc., Zeptor Corporation, California Lithium Battery, Amprius, Inc., and
Connexx Systems Corporation. Nexeon Limited and Enevate Corporation are
currently the leading players owing to their innovative silicon anode
technology and strong product portfolio.
Read More,
https://www.insightprobing.com/silicon-anode-battery-trends-size-and-share-analysis/
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