SILICON ANODE BATTERY MARKET ANALYSIS
Global Silicon Anode Battery Market is projected to reach around US$ 1,020.8 Million by 2030, in terms of revenue, exhibiting a CAGR of 18% during the forecast period (2023-2030).
Global Silicon Anode Battery Market- Trends
Increasing demand for healthcare electronic devices
Growing demand for silicon anode battery from healthcare electronic devices is expected to fuel the market growth over the forecast period. The growth of the market is also attributed to increasing production of various healthcare devices due to growing healthcare sector around the globe. Thus, growing demand for the product from healthcare devices is anticipated to augment the market growth.
Growing demand in grid and renewable energy sector
Rising demand for silicon anode battery from the grid and renewable energy sector is expected to accelerate the market growth over the forecast period. The growth is also attributed to the developing infrastructure of the energy sector around the globe due to growing demand for energy. Therefore, growth in the energy sector is expected to augment the market growth of the silicon anode battery.
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