Global Silicon Anode Battery Market Growth

Global Market Study on Silicon Anode Battery:
Consumer Electronics Application Segment
Anticipated to Remain Dominant Through 2024
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Report Media Releases
Global Silicon Anode Battery Market Estimated to Be Valued At
US$ 101.9 Mn by the End of 2016, Characterized by Increased
Growth in Manufacturing of Electric Vehicles
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”.
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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.
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
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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.
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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.
Global Silicon Anode Battery Market 2016-2024
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M a r k e t
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.
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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
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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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Global Silicon Anode Battery Market 2016-2024
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Global Silicon Anode Battery Market 2016-2024