Pouch Type to Register Significant Growth in United States Silicon Anode Battery Market During Forecast Period
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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