Silicon Anode Battery Market
Global Market Study on Silicon Anode Battery: Consumer Electronics Application Segment Anticipated to Remain Dominant Through 2024
Silicon Anode Battery Market Segmented By Plug-in Hybrid Electric Vehicles, Hybrid Electric Vehicles, Electric Vehicles, Electric Bicycles in Automotive and 3G/4G Cell phones, Laptops, Tablets, MP4 Players, Digital Cameras, Microelectronic Devices in Consumer Electronics
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).
Find Out More about the Report Coverage
- Nexeon Limited
- Enevate Corporation
- OneD Material
- XG Sciences Inc.
- Nanotek Instruments, Inc.
- Zeptor Corporation
- California Lithium Battery
- Amprius, Inc.
- CONNEXX SYSTEMS Corporation
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.
Customize this Report
Explore Intelligence Tailored to Your Business Goals.
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.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
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.
Explore Persistence Market Research’s expertise in promulgation of the business !
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.
Key Segments Covered