High demand for consumer electronic products to open new doors of opportunity for Silicon Anode Battery market

 

The silicon anode battery is the ultimate energy storage solution as it store current in an electrochemical way. It can be used for various purpose like automotive, medical, and other electrical appliances. In these batteries the silicon dioxide anodes are replaced by silicon nitride anodes. These silicon anodes are also called the 'super silicon' as it gives you high efficiency and power. One of the main benefits of these types of batteries is that they provide great power for a long period of time. They have better performance than other types of batteries. In general these types of batteries are used in automobiles and they work in such a way that they do not allow the carbon to deposit on their surface. So this type of anode has low toxicity as well as high strength.

The growing use of consumer electronic products as they are highly dependent on portable power sources is driving the market growth of silicon anode battery. Moreover, increasing strategic partnership in the market among key manufacturer business expansion is further projected to foster the market growth. For instance, in October 2019, Airbus Defense and Space has enter into partnership with U.S.-based Amprius Inc’s current equity funding for the development of new generation batteries based on Silicon Nanowire Anode technology.

The Asia Pacific is projected to gain significant growth over the forecast period and this is attributed to the increasing use of consumer electronic products. According to the India Brand Equity Foundation, the Indian appliance and consumer electronics (ACE) market reached US$ 10.93 billion in 2019 and is expected to reach US$ 21.18 billion by 2025. Moreover, the electronics hardware production in the country increased from Rs 1.90 trillion (US$ 31.13 billion) in FY14 to Rs 4.58 trillion (US$ 65.53 billion) in 2019.

Key Developments:

In February 2019, CLB Americas Inc. and its affiliates have announced that they are conducting R&D work optimizing their proprietary silicon-carbon anode material (SiCAM) to enhance lithium-ion battery performance.

In May 2020, LPN, which specializes in electronic materials, announced that it has developed a new production method for a nano silicon-based high-capacity anode that can improve the performances of lithium-ion batteries dramatically

In July 2019, NanoGraf Technologies was awarded $7.5 Million for the commercialization of high-energy anode materials for lower-cost batteries, from the United States Advanced Battery Consortium LLC (USABC).

In September 2018, SC Technologies and its global affiliates have been ramping up the commercial-scale production of new high capacity Silicon Composite Anode Material (Si-C) for next-generation Lithium-Ion Batteries (LIBs).