Silicon Anode Battery Market Continues To Grow With Toyota Motor Corporation Forming A Joint Venture With Panasonic Called Prime Planet Energy & Solutions (PPES) To Produce Lithium-Ion Batteries For Hybrid Cars
Silicon batteries are a very advanced technology, which has found immense applications in numerous fields. These devices include high capacity laptop and mobile power source, remote control car ignition keypad, car navigation system, cell phone, and PDA remotes, and electric shavers. All these amazing devices run on a small amount of charge stored in a silicon battery. One of the typical applications of silicon anode batteries is in consumer electronics. Products such as tablets, smartphones, smartwatches, and laptops are equipped with silicon anode batteries since they are inexpensive and with recent advancements, they have become the highest capacity and relatively low working potential. The demand for consumer electronics has increased over the years with rising urbanization. As per the India Brand Equity Foundation (IBEF), the Indian appliance and consumer electronics (ACE) market are expected to reach US$ 21.18 billion, increasing from US$ 10.93 billion in 2019. Hence, such f...