Silicon Anode Battery Market | Coherent Market Insights

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SILICON ANODE BATTERY MARKET ANALYSIS

• Silicon Anode Battery Market, By Application
  (Consumer Electronics (3G/4G Cell Phones,
  Laptops, Tablets, MP4 Players, Digital Cameras,
  Other Microelectronic Devices),Automotive
  (Plug-in Hybrid Electric Vehicles, Hybrid
  Electric Vehicles, Electric Vehicles, Electric
  Bicycles), Industrial, Grid and Renewable
  Energy), and By Region (North America, Latin
  America, Europe, Asia Pacific, Middle East
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2020 2027.
• The global silicon anode battery market is
  projected to surpass US 1050.0 billion by the
  end of 2027, in terms of revenue, growing at CAGR
  of 21.5 during the forecast period (2020 to
  2027).

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Drivers

• Growth in the electronic industry is a major
  factor fueling the market growth of the silicon
  anode battery. Rising demand for microelectronic
  devices such as laptops, cell phones, and tablets
  is expected to have a positive impact on the
  market growth of the silicon anode battery.
  Growing demand for smartphones due to increasing
  penetration of the internet is further
  anticipated to augment the market growth of the
  silicon anode battery.

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• The growing use of silicon as an anode material
  in lithium-ion batteries due to its excellent
  capacity performance is projected to bolster the
  market growth. Also, growing environmental
  concern coupled with the rising demand for the
  high-performance batteries due to rising demand
  for high-end electronic applications are further
  expected to augment the market growth of the
  silicon anode battery over the forecast period
• Regionally, Asia-pacific dominated the global
  silicon anode battery market in 2019,
  reporting 39 market share in terms of revenue,
  followed by North America and Europe,
  respectively.

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Figure 1. Global Silicon Anode Battery Market,
Revenue Share (), By Region, 2019
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Market Restraints

• The poor life cycle of silicon materials is one
  of the major challenges for the market. This
  factor is expected to hinder the market growth of
  the silicon anode battery.
• The high production cost of the silicon batteries
  is another major factor expected to inhibit the
  market growth of the silicon anode battery over
  the forecast period.

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Market Opportunities

• An increasing number of new gigafactory projects
  by manufacturers is expected to offer potential
  growth opportunities to the market of the silicon
  anode battery. For instance, in November 2019,
  Tesla founder and CEO Elon Musk pledged to build
  "Gigafactory 4" in the Berlin area. It is
  planning to build batteries, powertrains, and
  vehicles, starting with Model Y" a lower-priced
  sports utility vehicle at the factory.

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• Growth in the IT sector coupled with the
  increasing government focus on the developing
  high-performance operating system is expected to
  propel the market growth of the silicon anode
  battery. In addition to this, advancement in the
  technology in order to offer a high-performance
  battery and better energy storage system is
  further anticipated to augment the market growth
  of the silicon anode battery over the forecast
  timeframe.

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Figure 2. Global Silicon Anode Battery Market
Opportunity Analysis
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Market Trends

• Growing demand for silicon anode battery from
  healthcare electronic devices is expected to fuel
  the market growth over the forecast period. The
  growth of the market is also attributed to the
  increasing production of various healthcare
  devices due to growth in the healthcare sector
  around the globe. Thus, growing demand for the
  product from healthcare devices is anticipated to
  augment the market growth.

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• The rising demand for silicon anode battery from
  the grid and renewable energy sector is expected
  to accelerate the market growth over the forecast
  period. The growth is also attributed to the
  developing infrastructure of the energy sector
  around the globe due to the growing demand for
  energy. Therefore, growth in the energy sector is
  expected to augment the market growth of the
  silicon anode battery.

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Figure 3. Global Silicon Anode Battery Market,
Revenue Share (), By Application, in 2019
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Global Silicon Anode Battery Market - Impact of
Coronavirus (Covid-19) Pandemic

• The automobile industry is facing a major
  slowdown globally owing to the implementation of
  lockdown in various countries across the globe
  amidst the Covid-19 outbreak. This has led to
  hamper the demand of silicon anode batteries from
  automotive industry. The global car rental market
  is expected to grow at slower rate of around 10
  for a short term period. However the demand for
  silicon anode batteries is expected to regain
  traction by end of 2021 with production
  facilities functioning at stable rate.

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Competitive Section

• Key players are operating in the global silicon
  anode battery market are Nexeon Limited, Enevate
  Corporation, OneD Material, XG Sciences Inc.,
  Nanotek, Instruments, Inc., Zeptor Corporation,
  California Lithium Battery, Amprius, Inc., and
  Connexx Systems Corporation
• Few Recent Developments
• Enevate Corporation
• In January 2020, Enevate announced its new 4th
  generation technology optimized for high volume
  commercialization and manufacturing at
  gigafactory scale. The new XFC-Energy technology
  achieves 5-minute charging to 75 capacity with
  800 Wh/L cell energy density.

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