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Sand Battery Market

Sand Battery Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Sand Battery: Introduction

  • A sand battery uses quartz-rich sand as the feedstock and sample for non-energy intensive chemical reactions, as nanoscale silicon used in lithium-ion batteries is difficult to manufacture
  • In a sand battery, sand is milled until it reaches the nanometer scale, which is achieved by introducing tiny granules of sand through a series of purification steps that lend them an appearance similar to powdered sugar. Purified quartz-rich sand is subsequently mixed with grounded salt and magnesium before it is heated to remove oxygen from the quartz, which ultimately yields pure silicon.
  • In the sand battery, the sand acts like a heat absorber, while the magnesium is utilized to remove the oxygen from the quartz, which ultimately yields pure silicon. Additionally, the resulting pure silicon is in a porous state, which makes it ideal for use at the anode of the battery.
  • The sand battery is a low cost, non-toxic, and environment-friendly way to manufacture a high performance lithium-ion battery

Key Drivers of Global Sand Battery Market

  • Key drivers of the global market for sand battery include increase in usage of smartphones, computers, and a rise in use of other electronic devices such as power banks, remote controls, and tablets
  • Sand batteries can enhance performance and have proven to boost the expected lifespan of silicon-based electric vehicle batteries by up to three times or more. This is estimated to benefit consumers of electric vehicles, as replacement of batteries can be expensive. Hence, the market for sand batteries in developing countries across the world is anticipated to expand during the forecast period.
  • Rise in awareness about energy conservation is also estimated to boost the global sand battery market during the forecast period, as sand batteries are environment-friendly and non-toxic.

Restraints of Global Sand Battery Market

  • Lack of awareness among developing countries about the utility of the sand battery to reduce energy costs is a key restraint of the global market. Most companies are not fully aware about the costing structure as well as benefits of the sand battery.
  • Financing of initial cost is another challenge, as vendors are unable to provide upfront costs and equity leasing firms are reluctant to enter the marketplace

Major Developments

  • In August 2018, Sila Nanotechnologies, a startup company engaged in the development and manufacture of materials that set a new standard for batteries, announced that it has raised US$ 70 million in Series D funding, led by Sutter Hill Ventures. Additional new investors include Next47, the Siemens-backed global venture firm, and Amperex Technology Limited (ATL).
  • In July 2019, Sila Nanotechnologies announced a US$ 170 million funding led by Daimler and a partnership with the famed Germany-based automaker. Sila Nanotechnologies started building out its first production lines for its battery materials last year. That first line is capable of producing the material to supply the equivalent of 50 megawatts of lithium-ion batteries.

Asia Pacific to Hold Major Share of Global Sand Battery Market

  • Based on region, the global sand battery can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • Asia Pacific is expected to dominate the global sand battery market between 2020 and 2030, due to advancements in the renewable energy sector in the region, especially in developing economies such as China and India. An article published by the United Nations Environment Program on total renewable energy investments in 2018 states that China leads the global investment in renewable energy (US$ 91.2 Bn) and that investments in the country are anticipated to increase further, owing to a large number of renewable energy projects planned during the forecast period.
  • The sand battery market in Europe is expected to expand rapidly during the forecast period, owing to the usage of a large number of hybrid electric vehicles (HEVs) and electric vehicles (EVs) in the region.
  • North America is likely to hold vital share of the global sand battery market from 2020 to 2030, owing to a rise in usage of cellphones and electric vehicles in the region. Moreover, stringent federal policy directives and regulations concerning greenhouse gas emissions are further boosting the sand battery market in the region.

COVID-19 Impact Analysis

  • The global economy has been hampered by the measures put in place to contain the COVID-19 pandemic. The battery manufacturing industry is estimated to face immediate challenges due to the COVID-19 pandemic, such as difficulty in adhering to the social distancing norms, shortage of manpower, lack of demand & supply, and discerning expenditure by end-users.
  • Key players operating in the market must ensure adequate liquidity to sustain in the market. This would help companies recover sooner from the COVID-19 crisis.

Key Players Operating in Global Market

A Key player operating in the global sand battery market is

  • Sila Nanotechnologies Inc.

Global Sand Battery Market, by Application

  • Electric Vehicles
  • Cell phones
  • Tablets
  • Others

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