Japan Silicon Battery Market Size Insights Forecasts to 2032
- The Market Size is Growing at a CAGR of 3.3% from 2022 to 2032.
- The Japan Silicon Battery Market Size is Expected to Hold a Substantial Share by 2032.
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The Japan Silicon Battery Market Size is Expected to Hold a Substantial Share by 2032, at a CAGR of 3.3% during the forecast period 2022 to 2032.
Silicon batteries are next-generation lithium-ion batteries that use silicon material as the anode, allowing for more energy to be stored in a battery cell. Silicon anodes have a greater energy storage capacity and last longer in batteries. The high energy density of silicon batteries in comparison to other battery chemistries, as well as the growing number of R&D initiatives by manufacturers to improve Li-ion batteries, are major driving factors for the silicon battery industry. Japan government initiatives to commercialize electric vehicles (EVs) fueled the growth of the silicon battery market. The expansion of the consumer electronics industry has also increased demand for compact, high-capacity batteries.
This research report categorizes the market for Japan silicon battery market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan silicon battery market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan silicon battery market.
Japan Silicon Battery Market Report Coverage
|Forecast Period 2022-2032 CAGR:
|Historical Data for:
|No. of Pages:
|Tables, Charts & Figures:
|By Component, By Capacity, By Application
|Targray India Pvt. Ltd., Elkem Silicones, Shin-Etsu Chemical Co.ltd., JSR Corporation, Albemarle Corporation, NanoGraf Corporation, Ashland, BTR New Energy Material Ltd., Nexeon Ltd. and others.
|Pitfalls & Challenges:
|Covid-19 Empact,Challenges,Growth, Analysis.
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Smartphones, laptops, tablets, and wearables are a few of the key products accelerating the overall consumer electronics market. Currently, all consumer electronics products use lithium-ion batteries as the primary power source. However, as the dependence on smart gadgets increases, consumers seek efficient batteries to power devices for longer. Electronics manufacturers are also focusing on better safety. Therefore, increased consumer requirements have created a significant opportunity for the growth of the silicon battery market. Adopting silicon anodes in consumer electronics batteries allows manufacturers to design compact, lighter products without compromising capacity. Various new products with improved features have been launched in the wearable electronics market.
The major problem with silicon as an anode is volumetric expansion of up to 300% when lithiated. When lithium is inserted into a silicon anode battery, the significant volume change of silicon causes high stress. During each charge cycle, silicon expands and contracts by up to 300% as it reacts with lithium inside the battery, resulting in an unstable solid electrolyte interface (SEI) layer of decomposed electrolyte material.
- In 2022, the anode segment accounted for the largest revenue share over the forecast period.
Based on the component, Japan’s silicon battery market is segmented into cathode, anode, electrolyte, and others. Among these, the anode segment has the largest revenue share over the forecast period. This dominance is primarily attributed to the use of silicon as the primary anode material. Silicon has a higher energy density and storage capacity than traditional materials, making it a popular choice among battery manufacturers. The demand for longer-lasting and higher-performance batteries, particularly in applications such as electric vehicles and portable electronics, has fueled the anode segment's growth.
- In 2022, the <3,000 mAh segment accounted for the largest revenue share over the forecast period.
Based on capacity, the Japan silicon battery market is segmented into <3,000 mAh, 3,000-10,000 mAh, and > 10,000 mAh. Among these, the <3,000 mAh segment has the largest revenue share over the forecast period. These batteries are lightweight and compact, with a high charge and discharge cycle rate. Because of the nano geometry and superior electrical conductivity, the batteries have a good cycle performance. Several companies are investigating and developing >3,000 mAh batteries for consumer electronics applications such as hearing aids, smartwatches, headphones, and remote controls.
- In 2022, the medical devices segment accounted for the largest revenue share over the forecast period.
Based on application, the Japan silicon battery market is segmented into consumer electronics, automotive, aerospace & defense, and medical devices. Among these, the medical devices segment has the largest revenue share over the forecast period. Medical device miniaturization and technological advancements in medicine have created opportunities for batteries in medical devices such as wearables, implants, hearing aids, monitors, pacemakers, surgical tools, monitors, and meters. While lithium-ion batteries are used in most medical devices, advanced miniature devices require smaller batteries with higher capacities.
The report offers the appropriate analysis of the key organizations/companies involved within Japan’s silicon battery market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Targray India Pvt. Ltd.
- Elkem Silicones
- Shin-Etsu Chemical Co.ltd.
- JSR Corporation
- Albemarle Corporation
- NanoGraf Corporation
- BTR New Energy Material Ltd.
- Nexeon Ltd
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In February 2022, Shin-Etsu declared an investment plan worth $80 billion to meet customer demand for our developed functional silicone products. While the plan's investments are nearly complete, demand for high-performance silicone products has increased since then.
This study forecasts revenue at regional, and country levels from 2021 to 2032. Spherical Insights has segmented Japan’s silicon battery market based on the below-mentioned segments:
Japan Silicon Battery Market, By Component
Japan Silicon Battery Market, By Capacity
- <3,000 mAh
- 3,000-10,000 mAh
- > 10,000 mAh
Japan Silicon Battery Market, By Applications
- Consumer Electronics
- Aerospace & Defense
- Medical Devices
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