Growth in Smartphone and Electric Vehicle Demand to Boost Silicon Anode Battery Market Worldwide
The superior properties of silicon anode batteries give 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 batteries. These features of silicon anode battery made it suitable for its application in smartphones, tablets, laptops, cameras, pacemakers, and electric vehicles. Furthermore, the demand for smart devices will soar with the 5G cellular network technology launch in late 2020. With these 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 that can run for long hours, and a silicon anode battery perfectly fits this requirement. In addition, increasing demand for electric vehicles and automotive companies such as Tesla, Nissan, and Audi having fierce competition among them to grab a significant share of the electric vehicle market is further influencing the demand for more durable and lighter silicon anode batteries. Thus, furthering the growth of the 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 is expected to continue till 1H2020, until the rollout of the 5G network is expected to depreciate the growth of global silicon anode battery market during the forecast period.
Market Snapshot
Pouch Cell Segment to have Major Market Share
Based on cell type, the pouch segment accounted for nearly 50% of revenue from the global silicon anode battery market in 2018. Pouch cells are lighter, cheaper, and occupy the least 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. The increasing use of smartphones is the major driver for pouch cells to register the highest growth during the forecast period.
North America remains the Largest Regional Market
North America is one of the primary regions where 5G cellular network technology has been launched. Also, the electronic devices market is highly developed in countries of the region, in particular the U.S. and Canada. As a result, 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 to improve 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 a new manufacturing process to produce SiNANOde anode material scaled up to 100 tons annually. Overall, in 2018, North America bagged over 35% share of the global silicon anode battery market.
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 developing strategic partnerships 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 taking a 25% stake in 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 the next-generation battery. Moreover, in April 2019, an Asian energy company, Bangchak, invested in Enevate Corporation, which has developed a battery from silicon-dominant HD-energy technology. This new investment will boost production volume and accelerate the adoption of electric vehicles 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. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was 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. In addition, the report provides a holistic view of the global silicon anode battery market based on cell type, capacity, application, and geography.
Frequently Asked Questions:
The market for Silicon Anode Battery is expected to reach US$ XX Bn in 2027.
The Silicon Anode Battery market is expected to see significant CAGR growth over the coming years, at 31.07%.
The report is forecasted from 2019-2027.
The base year of this report is 2021.
Amprius Technologies, Enovix, Sila Nanotechnologies Inc., Nexeon Ltd., Samsung SDI Co. Ltd., Nanotek Instruments, Inc., OneD Material, LLC, Enevate Corporation are some of the major players in the global market.
