In pace with the rapid technology, demand for biodegradable products have turned the fortunes of fuel as lithium powered by silicon is the new fuel. Striving to curb adverse impacts of the environment, governments in various countries have imposed regulations that have compelled use of biodegradable products, which do not pollute the environment in any manner. In addition, companies operating in the automotive sector have been striving to fuel their automotive to offer end users with cost effective and lucrative option. From fossil fuels to lithium fuels, the automotive industry is witnessing a drastic change in the pattern an automotive functions.
Why Fuel with Lithium?
Attributed to its biodegradable features, application of the lithium fuel will ensure environmental safety as well as offer the end users acceleration in power and more mileage. Silicon anode batteries are mainly used in a range of consumer electronics, however, the trend of using such batteries for automobiles have led to increase in battery power without any refill and environmental pollution. In addition, the silicon storage capacity of lithium-ion batteries is significantly higher than other anode materials. Moreover, attributed to its non-toxic features and unlimited quantities, the silicon anode is relatively cheaper and is offered at low prices. The silicon anodes further boost growth of the lithium –ion batteries, which in turn rev up the speed and acceleration of the vehicles they find application in.
Lithium Fuel in Biomedical Devices
While innovation sees no impasse, the automotive industry has witnessed application of implantable and biodegradable battery, which could be used in a range of biomedical devices as well. Range of biodegradable silicon chips unveiled in 2012 is capable of monitoring temperature, heats up tissues in order to prevent infection and further monitor mechanical strains. The lithium chips further melt inside the human body after performing operations and dissolve as the components they are made of are biocompatible in low concentrations. The lithium chips and lithium-ion batteries are mainly supplemented with silicon ions, which boosts the power of the battery that is being used.
Application of Silicon Anode Batteries
The silicon anode batteries are mainly used in the consumer electronics, grid & renewable energy, industry and automotive. Among various domains, the silicon anode batteries are mainly used in consumer electronics such as digital cameras, laptops, cell phones which are incorporated with 3G/4G access, tablets and other such gadgets and electronic devices. Moreover, consumer electronics will retain dominance in the global silicon anode battery market in the span of next eight years.
In addition, the consumer electronics segment will account for a revenue share of 43.7% in the upcoming years. Among other segments, the consumer electronics segment will grow over 1.5 times in the span of next eight years. Furthermore, Upsurge in demand for enhanced performances of the batteries in range of mobile phones and smartphones will witness considerable growth in the coming years. The 3G/4G cell-phones sub-segment of consumer electronics accounted for major market share of 37% in 2015and is likely to retain dominance in the span of next eight years. Among various sub-segments in the automotive sector, the plug in HEV sub-segment is expected to register at a significant CAGR of 27.1% in the coming years. The HEV sub-segment is expected to retain dominance in the span of next eight years and will account for major market share in the global silicon anode battery market.
Impositions by the government regarding the environment is expected to significantly fuel demand for silicon anode battery, and will further propel growth of the global silicon anode battery market. While it may seem that the prices of the silicon anode battery are falling, however, attributed to recent innovations and multiple application of the silicon anode batteries further fuelling lithium batteries will drive demand and contribute towards growth of the market. Moreover, with increase in demand for the silicon anode batteries, the market is likely to witness a spike in prices. The ball is in your court to opt for power or not.
For more information kindly visit @ http://www.persistencemarketresearch.com/market-research/silicon-anode-battery-market.asp