PUBLISHER: Acute Market Reports | PRODUCT CODE: 1132035
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1132035
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.
Based on cell type, pouch segment accounted for nearly 50% share in terms of revenue from the global silicon anode battery market in 2020. 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.
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 2021, OneD Material, LLC, disclosed its patent of new manufacturing process to produce SiNANOde anode material scaled upto 100 tons annually. Overall, in 2020, North America has bagged over 35% share of global silicon anode battery market.
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 2021, 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 2021, 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.
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Silicon Anode Battery market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.