Silicon Anode Battery Market Grow At 21.5% CAGR Forecast During 2021-2031

Applications in automotive and consumer electronics will drive silicone anode batteries sales, finds Future Market Insights (FMI) in a new study. According to the report, the silicon anode battery market is expected to surpass US$ 2.09 Bn by 2031. Applications of these batteries are rising steadily across industries, as a replacement anode for graphite.

Silicon anode batteries are widely used in energy storage, high density applications, power grids, consumer electronics, and the future mobility-electric vehicles and aircraft. Several developments in battery technologies, including the silicon anode battery, have enhanced the capability to meet consumer’s ever changing demand at varying scales.

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In comparison to a graphite anode, a silicon anode offers various competitive benefits. A silicon anode battery offers higher energy densities and more theoretical capacity than conventional anodes. They are used in applications which require fast charging, preferred for applications requiring more duration between two charging cycles and better compatibility with lithium ions. Silicon anode battery is a sustainable product since it is environment friendly and it can be recycled. These batteries are seen as potential candidates for powering equipment and devices in future.

In its study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI), offers insights about key factors driving demand in the Global Silicon Anode Battery market. The report tracks the sales of Silicon Anode Battery in high-growth markets, along with the analyzing the impact COVID-19 had on the aircraft industry in general, and Silicon Anode Battery in particular.

Silicon has comparatively better technical features than graphite, hence it is used as a utility negative electrode in lithium-ion batteries. Its application within the automotive sector is expected to skyrocket especially in response to the increasing production of electronic vehicles.  While the automotive sector currently holds dominance, the consumer electronics sector will trail closely, exhibiting high growth.

Key Takeaways of Silicon Anode Battery Market Study

  • Silicone anode battery market will register impressive growth, exhibiting 21.5% CAGR between 2021 and 2031
  • Expansion of consumer electronics and automotive sectors will enable the U.S. account for over 70% silicon anode batteries sold in North America
  • Despite a year of negative growth, the U.K. will register 16% y-o-y growth in 2021, thanks to increasing sales of electronic vehicles
  • Germany and France will emerge as highly lucrative markets for silicon anode battery in Europe
  • Increasing consumer electronics manufacturing and demand for state-of-the-art technologies supporting expansion in China. Japan and South Korea too will continue offering lucrative opportunities

“Silicon anode manufacturers are likely to capitalize on the increasing demand for electronic vehicles. Higher focus on environmentally-friendly technologies will continue offering attractive opportunities,” said a lead analyst at FMI.

North America currently leads the market. Europe too will exhibit increasing demand, thanks to increasing focus on the production of electric vehicles. Besides this, growth exhibited in both East and South Asia will increase at an accelerated pace especially since these regions are focusing on expanding their manufacturing facilities.

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By Segment:

Capacity

  • Below 1500 mAh
  • Between 1500-2500 mAh
  • Above 2500 mAh

Application

  • Consumer Electronics
    • Smart Phones
    • Laptops
    • Tablets
    • MP4 Players
    • Digital Players
    • Other Microelectronic devices
  • Automotive
    • Plug in Hybrid Electric Vehicles
    • Hybrid Electric Vehicle
    • Electric Vehicle
    • Electric Bicycle
  • Industrial
  • Grid & Renewable Energy

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia-Pacific
  • Middle East & Africa

Competitive Landscape

The silicon anode battery market is a highly competitive market. The market is characterized by the presence of a large number of new entrants who are aggressively involved in building their brand name. The key participants currently driving the market, hold less than one fourth of the market value share.

Some of the leading companies operating in the market are focusing on capacity expansion. For instance, in 2019, CLB Americas announced the launch of new advanced silicon anode & binder material package aimed at high energy lithium ion batteries.

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Some of the leading companies operating in the market are:

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