Various efforts made by different regulatory authorities to promote environment-friendly products have led to an increase in the demand for silicon anode batteries in APAC. The automotive, consumer electronics, and energy end-use applications are expected to drive the demand for advanced batteries in the region. The silicon battery industry in APAC is expected to grow at the highest CAGR from 2020 to 2025. Silicon battery market in APAC to witness the highest growth rate in coming years.
Also, Silicon batteries in this range have a higher cycle efficiency and excellent stable cycling performance which makes it a perfect choice for various applications.
These batteries are used for products that require moderate-to-high energy to function.Īpplications such as consumer electronics, wearable devices, medical devices, energy harvesting, entertainment, and wireless communication require a power source with a capacity of between 3,000 mAh and 10,000 mAh to operate. Silicon batteries with a capacity range between 3000 mAh and 10,000 mAh are the most commonly available silicon batteries and have a massive demand in the market. Silicon batteries with a voltage range of 3,000-10,000 mAh are expected to hold a significant share of the silicon battery market during the forecast period. Silicon batteries with a capacity range of 3,000-10,000 mAh accounted for the largest share during the forecast period. Therefore, the increased consumer requirements and the other factors above have created a significant opportunity for the growth of the silicon battery market. Moreover, safety concerns related to lithium-ion batteries, such as instances of explosion and fire, are pushing the manufacturers to develop safer batteries with high energy density. Sustained demand from developed nations in North America and Europe and expanding Asian markets such as China, India, and South Korea are driving the sales of consumer electronics. Consumer electronics require power sources that have high energy and power density to run the devices smoothly hence all consumer electronics products use lithium-ion batteries as the primary source of power. The global silicon battery market size is expected to grow at a CAGR of 36.2% from 2020 to 2025, reaching USD 177 million by 2025 from USD 38 million in 2020.
Dublin, Ma(GLOBE NEWSWIRE) - The "Silicon Battery Market by Capacity (0-3,000 mAh, 3,000-10,000 mAh, 10,000-60,000 mAh, and 60,000 mAh & Above), Application (Consumer Electronics, Automotive, Aviation, Energy, and Medical Devices), and Region - Global Forecast to 2025" report has been added to 's offering.
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