Silicon anode battery is an extension of lithium-ion (Li-ion) battery. They are also called next- generation Li-ion batteries. Utilizing silicon as an anode in batteries offers more than ten times theoretical capacities as compared to lithium-ion battery. This results in significantly higher energy storage and longer battery life. Silicon anode batteries are used in various applications which include industrial, consumer electronics, automotive, and grid & renewable energy. Under the consumer goods, silicon anode batteries are utilized in digital cameras, mp4 players, cell phones, laptops, tablets, and several other microelectronic devices. In the automotive segment, such batteries are used in hybrid electric vehicles and electric bicycles.
Global silicon anode battery market was valued at US$ 90.0 Mn in 2015 and is anticipated to register a CAGR of 21.5 % over the forecast period (2016–2024).
In several lithium-ion batteries, graphite is used as an anode material. However, low production of graphite is unable to meet the demand for batteries. Furthermore, silicon as an anode is able to store ten times more energy than that of graphite. Thus, replacement of graphite with silicon is expected to propel the growth the silicon as an anode material in lithium-ion 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 for the growth of the 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. Moreover, automotive segment is sub-segmented into plug in HEV, HEVs, EVs and electric bicycles.
Consumer electronics segment accounted for a major market share of 43.7% in 2015 and is anticipated to remain dominant throughout the forecast period. Increasing popularity of smartphones is one of the major reasons to drive the consumer electronics market and so the consumption of silicon anode batteries is bound to increase. Thus, 3G/4G cellphones sub-segment of consumer electronics segment accounted for a major market share of 37% in 2015 and is estimated to remain dominant throughout the forecast period. Furthermore, plug in HEV sub-segment in the automotive segment is estimated to expand at a significant CAGR of 27.1% over the forecast period. HEV sub-segment in automotive segment accounted for a major share in the global silicon anode battery market and is anticipated to remain dominant throughout the forecast period.
On the basis of 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 major manufacturing industries of silicon anode and its use in lithium-ion batteries for electric vehicle production. North America is followed by Asia Pacific in terms of the consumption of silicon anode batteries. The market in Asia Pacific is anticipated to exhibit a significant CAGR over the forecast period.
Key market players
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.
Most of the players are manufacturing silicon anode batteries using nanotechnology to overcome the drawback of swelling battery due to repeated expansion and contraction. Key market players are also focusing on the developing production processes and capacity expansion in order to reduce the costs of silicon anode batteries and to meet its growing demand.
Persistence Market Research offers an eight year forecast of silicon anode battery market between 2016 and 2024. The foremost objective of the report is to present insights on various advancements in the global silicon anode battery market. The report provides updates on drivers, restraints, opportunities and regional trends in the global silicon anode battery market. The study provides market dynamics that are expected to influence current global Lithium ion battery sales and future status of the global silicon anode battery market over forecast period.
The report starts with a market overview and provide market definition and overview about the global silicon anode battery market. The section that follows presents the market dynamics which includes market drivers, restraints, opportunity and regional trends. Moreover, technology roadmap for associated market overview is also explained to present the technological advancement in lithium ion battery market. Overview of expected Y-o-Y growth comparison of Lithium ion battery market and Silicon anode battery market along with the production scenario of developed and developing countries for silicon anode battery market is discussed in the report.
The next section of the report provides detailed market share analysis, y-o-y growth and market attractiveness analysis on the basis of segments such as applications and regions. A section of the report highlights country-wise silicon anode battery demand. It provides market outlook for 2016–2024 and sets the forecast within the context of the report, including new technological developments as well as product offerings for various applications in the silicon anode battery.
In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Detailed profiles of manufacturers are also included within the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments in the silicon anode battery market.
Key players in global silicon anode battery market include Nexeon Limited, Enevate Corporation, OneD Material, XG Sciences Inc., Nanotek Instruments Inc., Zeptor Corporation, California Lithium Battery, Amprius, Inc. and CONNEXX SYSTEMS Corporation
Key Segments Covered
A detailed analysis has been provided for every segment in terms of market size analysis for the global silicon anode battery market. In order to offer an accurate forecast, we started by sizing up the current market, which forms the basis of how the global silicon anode battery market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analysis based on supply side, downstream industry demand and the economic envelope.
It is vital to note that in an ever-fluctuating global economy, we not only conduct forecast in terms of CAGR, but also analyze the same on the basis of key parameters such as, year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities for market players.
Another key feature of this report is the analysis of all segments in terms of absolute dollar. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as identify potential resources from a sales and delivery perspective in the silicon anode battery market. In addition to this, we have also provided strategic recommendations and key success factors for new entrants in the global silicon anode battery market.