Persistence Market Research delivers key insights on the silicon anode battery market
in its latest report titled “Silicon Anode Battery Market: Global Industry Analysis and
Forecast, 2016–2024”.
The global silicon anode battery market is estimated to be valued at US$ 101.9 Mn
by the end of 2016 and is expected to be valued at US$ 484.9 Mn by the end of 2024,
registering a CAGR of 21.5% over the forecast period. North America is estimated to
account for a market value share of 35.4% in the global silicon anode battery market
by 2016 end, and is anticipated to remain dominant throughout the forecast period.
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Environmental regulations pertaining to CO2 emissions are expected to boost the use
of alternative modes of transport in the transportation sector. Thus, electric vehicles
are a good alternative for the reduction of CO2 emissions. Government promotion for
adoption of electric vehicles and incentives regarding low emission of CO2 is
expected to increase electric vehicles sales over the forecast period. Therefore,
demand of next generation batteries such as silicon anode is expected to increase over
the forecast period. Moreover, high performance of silicon as an anode material is
expected to increase its consumption in smartphone batteries over the forecast period.
However, silicon has a property of soaking large amount of lithium-ions. Therefore,
volume of silicon anode increases when lithium ions bind with silicon. Hence,
repeated expansion and contraction of silicon anode while charging and discharging
decreases the performance of battery. This in turn, is expected to be a major challenge
to the growth of the global silicon anode battery market.
On the basis of application, the global silicon anode battery market is segmented into
consumer electronics, automotive, industrial and grid & renewable energy. Consumer
electronics segment is further sub-segmented into 3G/4G cellphones, laptops, tablets,
MP4, digital cameras, and other electronic devices.
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Consumer electronics segment dominated the global silicon anode battery market and
accounted for 43.7% value share and is estimated to remain dominant throughout the
forecast period. This segment is projected to grow 5.1X over the forecast period.
Increasing demand for high performance of batteries in smartphones is expected to
witness a significant growth of the 3G/4G cellphones sub-segment in consumer
electronics segment over the forecast period. Therefore, this sub-segment accounted
for a major value share and is estimated to remain dominant throughout the forecast
period. Moreover, automotive segment is sub-segmented into plug in HEV, HEVs,
EVs and electric bicycles. EVs sub-segment in automotive segment is expected to
witness significant growth and projected to grow 5.3X over the forecast period.
On the basis of key regions, the global silicon anode battery market has been
segmented into North America, Latin America, Europe, Asia Pacific, and the Middle
East & Africa. North America dominated the market with over 35% of the overall
silicon anode battery market share in 2015. This is mainly attributed to product
innovation in silicon using nano-technology. Asia Pacific market accounted for over
30% of the overall silicon anode battery market share in 2015. This is mainly
attributed to major manufacturing companies of consumer electronics in countries
such as China, Japan, and South Korea among others. This in turn, is expected to
increase the demand for silicon anode batteries over the forecast period. Moreover,
increasing adoption of electric vehicles in Europe is estimated to be one of the major
reason for the sales of the silicon anode batteries and this region is anticipated to
witness a significant CAGR of 22.0% over the forecast period.
Some of the key players identified in the global silicon anode battery market are
Amprius Inc., Nexeon Limited, Enevate Corporation, XG Sciences Inc., CONNEXX
SYSTEM Corporation and OneD Material among others.
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