Global Demand for Silicon Anode Battery Market to Incur Considerable Upsurge During 2016-2026
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Silicon Anode Battery: Market Dynamics
The major factor contributing to the growth of silicon anode battery market is the increasing energy requirements from various end-use applications such as consumer electronics and automotive, for more efficient and advanced battery. Further, robust growth of automotive industry and turning focus towards EVs could generate significant opportunity for growth of the silicon anode battery market. Lower working potential and high charge capacity of silicon anode battery could help automotive manufacturers to reach required power ranges by deploying less number of batteries thus achieving high performance. Moreover, abundance of raw material i.e. silicon can turn as a major factor driving its application into lithium ion batteries. Major challenges faced in the silicon anode battery market are limited commercialization of the product due to existing technical challenges particularly large volumetric expansion. Furthermore, high costs silicon anode battery as compared to available alternative is also a factor restraining market growth. The major trends observed in the silicon anode battery market is product development and innovation such as use of nanowire battery with silicon anodes as they allow improved accommodation of volume changes during lithiation. Number of players in the market have filed patents over different advancements in silicon anode battery technology
Silicon Anode Battery: Market Segmentation
The silicon anode battery market can be segmented on the basis of: application and region.
On the basis of application the silicon anode battery market can be segmented into:
Consumer electronic devices
Medical applications (pacemaker, defibrillator machines)
Space & defense
Sustainable energy (wind turbine and photovoltaic)
The silicon anode battery market can be segmented on the basis of region into: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan, Japan, Middle East and Africa
Silicon Anode Battery: Regional Outlook
North America holds a major share in the silicon anode battery market due to the substantial growth in the automotive industry and consumer electronics section. Europe and North America collectively holds over 50% share in the market owing to demand from industrial sector. However, Asia Pacific silicon anode battery market is expected to grow significantly over the forecast period due to rapid industrialization and increasing awareness about the use of energy efficient, reliable, safe and economical battery systems.
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Silicon Anode Battery: Key Players
Some of the major key players identified in the silicon anode battery market are: Nexeon Limited, BYD Company Limited, Amprius Inc., ENOVIX, Boston-Power, Inc., LG Chem Ltd., Panasonic Corporation, Samsung SDI, XG Sciences, Zeptor Corporation, California Lithium battery Inc, Yuasa battery Europe Ltd., JTT Electronics Ltd, Vmcell Technology Co., Ltd, Enevate Corporation, Nanotek Instruments.
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