Growth in Smartphone and Electric Vehicle Demand to Boost Silicon Anode Battery Market Worldwide
Superior properties of silicon anode battery gives a promising future for battery operated electronics devices and electric vehicles. Silicon anode batteries have higher energy storage capacity and longer battery life than contemporarily used Li-ion battery. These features of silicon anode battery made it suitable for its application in smartphones, tablets, laptops, cameras, pacemakers and electric vehicles. With the expected launch of 5G cellular network technology in late 2020, the demand for smart devices will soar high. With this dynamics, the silicon anode battery market is estimated to grow with a CAGR of 31.07% during the forecast period.
Moreover, electric vehicles require a battery which can run for long hours and silicon anode battery perfectly fits this requirement. Increasing demand for electric vehicles and automotive companies such as Tesla, Nissan and Audi having fierce competition among them to grab major share of electric vehicle market is further influencing the demand for more durable and lighter silicon anode battery. Thus, furthering the growth of global silicon anode battery market.
Though the silicon anode battery market is quite confident about growth, the market contraction of smartphone driven by highly saturated markets of developed nations and slower churn in some developing economies that is expected to continue till 1H2020, until the rollout of 5G network, is expected to depreciate the growth of global silicon anode battery market during the forecast period.
Market Snapshot
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Pouch Cell Segment to have Major Market Share
Based on cell type, pouch segment accounted for nearly 50% share in terms of revenue from the global silicon anode battery market in 2018. Pouch cells are lighter, cheaper and occupies the least amount of space. These features of pouch cells made it the preferred option for use in compact application like smartphones, tablets and other consumer electronics which requires ultra-thin enclosure. Increasing use of smartphones is the major driver for pouch cell to register highest growth during the forecast period.
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North America remain the Largest Regional Market
North America is one of the primary regions where 5G cellular network technology has been launched. Also, electronic devices market is highly developed in countries of the region in particular the U.S. and Canada. Battery manufacturers such as Amprius Technologies, Sila Nanotechnologies Inc. and Nanotek Instruments, Inc. have established their headquarters in the U.S. These players are also getting investment from other players for improving their current battery technology and production rate. This has helped the regional silicon anode battery manufacturers in improving their market share. For instance, in April 2019, OneD Material, LLC, disclosed its patent of new manufacturing process to produce SiNANOde anode material scaled upto 100 tons annually. Overall, in 2018, North America has bagged over 35% share of global silicon anode battery market.
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Increasing Investment in Battery Technology is keeping the Market Competitive
Major players profiled in the silicon anode battery market include Amprius Technologies, Enovix, Sila Nanotechnologies Inc., Nexeon Ltd., Samsung SDI Co. Ltd., Nanotek Instruments, Inc., OneD Material, LLC, Enevate Corporation, California Lithium Battery, Targray Technology International Inc. and Panasonic Corporation among others.
The overall silicon anode battery market is consolidated with companies coming up with strategic partnership to increase their global market share. However, with the technological innovation and entrants of new players, their investment & funding and evolving partnership may shift the market towards fragmentation. For instance, in September 2019, WACKER Chemie AG renewed its strategic partnership with Nexeon Ltd. by investing an undisclosed sum and took 25% stake of the business. WACKERs’ expertise in silicon chemistry and its production of silicon based anode material will be helpful to Nexeon Ltd. for scaling-up its manufacturing volume of silicon anode material for next-generation battery. Moreover, in April 2019, Asian energy company, Bangchak, invested in Enevate Corporation that has developed a battery from silicon dominant HD-energy technology. This fresh investment will boost production volume and accelerate adoption of electric vehicle worldwide.
Historical & Forecast Period
The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
Silicon anode battery market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global silicon anode battery market based on cell type, capacity, application and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Cell Type Segment (2017-2027; US$ Bn)
• Cylindrical
• Prismatic
• Pouch
|
|
Capacity Segment (2017-2027; US$ Bn)
• Below 1,500 mAh
• 1,500 to 2,500 mAh
• Above 2,500 mAh
|
|
Application (2017-2027; US$ Bn))
• Electric Vehicle
• Consumer Electronics
• Electric Power Grids
• Others (Drones, Robotics, Medical Devices, etc.)
|
|
Geography Segment (2017-2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (Japan, China, India, Rest of APAC)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of silicon anode battery market in 2018 and forecast up to 2027?
- What are the key factors driving the global silicon anode battery market?
- What are the key market trends and high-growth opportunities observed in the silicon anode battery market?
- Which is the largest regional market for silicon anode battery market?
- Which segment will grow at a faster pace? Why?
- Which region will drive the market growth? Why?
- Which players are leading the silicon anode battery market?
- What are the key strategies adopted by the leading players operating in the market?
Unique data points of this report
- Recent trends across different regions in terms of development of silicon anode battery
- Attractive investment proposition for end-use segment as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
