Silicon Anode Battery Market Expecting Huge Growth During 2020-2027 Focusing On Leading Players Like Amprius Technologies,Daejoo Electronic Materials Co., Ltd.,Enevate Corporation,Hitachi Chemical Company, Ltd.

The global silicon anode battery market is expected to reach US$ 270.3 Mn by 2027, registering a CAGR of 28.6% during the forecast period 2020-2027.

Adoption of silicon anode batteries by various end-users is boosting the market growth

The Silicon anode battery market players are expected to witness a surge in demand for their products in the long run. This is because the advantage of the product is increasing the interest among the OEMs and associated technology developers. The continuous development of Silicon anode batteries is expected to proliferate the consumer electronics industry, automotive industry, and aerospace industry substantially during the forthcoming years.

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Leading companies profiled in the report include Amprius Technologies,Daejoo Electronic Materials Co., Ltd.,Enevate Corporation,Hitachi Chemical Company, Ltd.,Huawei Technologies Co., Ltd.,Nanotek Instruments, Inc.,NEXEON LTD.,Shin-Etsu Chemical Co., Ltd.,Sila Nanotechnologies Inc.,Targray Technology International,Zeptor Corporation

The key reason behind this factor is that the cost of the final product is expected to rise with the integration of Silicon anode batteries. The rise in the cost of the final product would result in lesser adoption of the technology. Thus, encouraging the end-users to adopt the technology is expected to furnish the maturing rate of Silicon anode battery market over the years.

Key findings of the study:

The automotive industry is experiencing unprecedented growth in recent years with the evolution of electric vehicles. Several automakers are ramping up their EV production intending to create a cleaner planet. In addition, numerous countries have imposed strict regulations towards the adoption of internal combustion engines (ICE) vehicles to cut down polluting emissions.

Market Segmentation:

Silicon Anode Battery Market - By Capacity
o < 1500 mAh
o 1500 mAh- 2500 mAh
o 2500 mAh

Silicon Anode Battery Market - By Application
o Automotive
o Consumer Electronics
o Medical Devices
o Energy & Power
o Industrial

Replacing graphite with Silicon would largely benefit the EV markers and end-users as Lithium Silicon anode batteries are expected to offer 20% - 40% longer battery life. The continuous rise in EV production with the advancements in battery technology is foreseen to create ample business opportunities for the market players operating in the Silicon anode battery market in the coming years.

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