Report : Asia Pacific Silicon Anode Battery Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Capacity (< 1500 mAh, 1500 mAh- 2500 mAh, and > 2500 mAh); Application (Automotive, Consumer Electronics, Medical Devices, Energy & Power, Industrial, and Others); and Country
Consumer Electronics Segment to Dominate APAC Silicon Anode Battery Market during 2019–2027
According to The Insight Partners market research study on “APAC Silicon Anode Battery Market to 2027 – Regional Analysis and Forecast by Capacity and Application,” is expected to reach US$ 124.3 million Mn by 2027 from US$ 16.3 Mn in 2019. The market is estimated to grow at a CAGR of 30.3% from 2020 to 2027.
The report provides trends prevailing in the APAC silicon anode battery market along with the drivers and restraints pertaining to the market growth. The silicon anode battery is expected to gain tremendous prominence over the years. As, the consumer electronics industry is throttling at a rapid pace over the years in terms of innovations, research & development (R&D), production, and adoption in APAC. The industry is continuously experiencing a substantial rise in investments towards the development of advanced electronics. The demand for technologically enhanced electronics majorly accounts from the consumer sector, which demands smart consumer products such as smartphones, smart speakers, laptops, and tablets. The performance of these products depends largely on the battery, and the manufacturers in the consumer electronics industry heavily rely on Li-ion batteries for their respective products. However, the scenario is expected to shift from Li-ion batteries to Li-Silicon batteries. The Lithium Silicon batteries offer longer battery performance, which is expected to create significantly higher demand among the consumer electronics manufacturers. This factor is expected to drive the APAC silicon anode battery market. The benefit of longer battery life would encourage the end-users to purchase electronics integrated with lithium-silicon anode batteries, thereby creating significant pressure among the manufacturers to produce silicon anode battery integrated products. This would positively impact the growth of the APAC silicon anode battery market.
The APAC silicon anode battery market is segmented on the basis of capacity, application, and country. The APAC silicon anode battery market players offer their products with varied capacities, which include; less than 1500 mAh, 1500 mAh-2500 mAh, and above 2500 mAh. The less than 1500 mAh segment led the APAC silicon anode battery market in 2019. The application segment in the APAC silicon anode battery market comprises of automotive, consumer electronics, medical devices, energy & power, industrial, and others. The consumer electronics segment led the APAC silicon anode battery market in 2019.
The key players operating in the APAC silicon anode battery market include Daejoo Electronic Materials Co., Ltd, Hitachi Chemical Company, Ltd., Huawei Technologies Co., Ltd., NEXEON LTD., Shin-Etsu Chemical Co., Ltd, and Targray Technology International. In addition to these players, several other important were studied and analyzed during the course of this market research study.
APACSilicon Anode Battery Market, By Country, 2019 and 2027 (%)
The report segments the APAC Silicon Anode Battery Market as follows:
Silicon Anode Battery Market– By Capacity
Silicon Anode Battery Market – By Application
Silicon Anode Battery Market – By Country