The silicon anode battery market is expected to grow at a CAGR of 43.4% between 2016 and 2022, and is projected to reach USD 1,018.3 Million by 2022 from USD 96.5 Million in 2015.
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The growth of the silicon anode battery market is expected to be driven by factors such as growing R & D activities by major companies to develop batteries that have significantly high energy storage capacity and longer life and increasing demand for eco-friendly electrical vehicles. Silicon anode lithium batteries are being widely used for portable electronic devices, due to their superior energy density and high cell voltage, which is expected to boost the growth of the silicon anode battery market in near future.
The pouch cell segment is expected to account for the largest share of the silicon anode battery market by 2022
On the basis of type, the pouch cell segment is expected to grow at a highest CAGR during the forecast period, as compared to cylindrical and prismatic cell. The growth of pouch cell market is propelled by rapidly growing popularity in applications such as consumer electronics, packing, smart cards, wearable devices, and medical devices among others which require high-energy power source to be integrated within the limited space.
The battery capacity from 1500 mAh – 2500 mAh is expected to grow at the highest CAGR during the forecast period
The capacity ranging from 1500 mAh to 2500 mAh is expected to grow at the highest growth rate during the forecast period. This is mainly due to the fact that they can be used as thin-film batteries or as portable batteries. These batteries are used for products which require moderate to high energy to function. 1500 mAh to 2500 mAh batteries are expected to be the ideal energy sources for portable devices in the future.
APAC expected to witness highest growth during the forecast period
The implementation of silicon anode battery is increasing in APAC, and is expected to witness substantial investments by various companies to set up their silicon anode battery manufacturing base in the region. Silicon anode batteries have gained popularity among the automobile manufacturers as they offer an alternative to nickel metal batteries used in electric vehicles, due to their small size and lightweight. Thus, the increasing demand for electrical vehicle (EV), hybrid electric vehicle (HEV) and plug-in hybrid vehicle (PHV) would foster the adoption of silicon anode Li-ion batteries in APAC.
Some of the key players in the global silicon anode battery market are Amprius, Inc. (U.S.), Panasonic Corp (Japan), Samsung SDI (South Korea), LG Chem (South Korea), Nexeon Limited (U.K.), Los Angeles Cleantech Incubator (U.S), Nanotek Instruments, Inc. (U.S.), Enevate Corporation (U.S.), Zeptor Corporation (U.S.), XG Sciences (U.S.), and California Lithium Battery Inc. (U.S.).
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