Silicon Anode Battery Market to Grow at a CAGR of 28.6% to reach US$ 270.3 million from 2020 to 2027

report image

Silicon Anode Battery Market to 2027 - Global Analysis and Forecasts by Capacity (< 1500 mAh, 1500 mAh- 2500 mAh, and > 2500 mAh); Application (Automotive, Consumer Electronics, Medical Devices, Energy & Power, Industrial, and Others)

Publication Month: Mar 2020 | Report Code: TIPRE00006795 | No. of Pages: 172 | Category: Electronics and Semiconductor | Status: Published

The silicon anode battery market was valued at US$ 39.3 million in 2019 and is projected to reach US$ 270.3 million by 2027; it is expected to grow at a CAGR of 28.6% during 2020–2027.

Silicon anode battery technology is still in its nascent stage and is expected to be commercialized by 2020 as several companies in the market are capitalizing on the development and commercialization of the technology. The Silicon anode battery market is expected to surge in the coming years as the technology is applicable for various industries, including the consumer electronics industry, aerospace sector, and automotive industry. The industry players in the sectors mentioned earlier invest significant amounts in adopting newer and robust technologies in order to enhance their respective products. The battery plays a crucial role in the functioning of various commercial electronics, aerospace, and automotive industries. Over the years, the lithium-ion batteries are dominating the battery market as these batteries are cost-effective from the manufacturer’s point of view. The less cost involved in the manufacturing of Li-ion batteries enables the manufacturers to sell their products to OEMs at a competitive price. However, these batteries discharge quickly as a result of the usage of graphite in its anode. The replacement of graphite with silicon would enable the OEMs to experience longer battery life, which would, in turn, create ample demand from the end-users. This is expected to boost the growth of the Silicon anode battery market.

The Silicon anode battery market is poised to soar during the forecast period, owing to the fact that several OEMs across industries including automotive, consumer electronics, medical devices, and energy sectors are showcasing immense interest in the technology. The next-generation battery developers are securing significantly higher investments, which are aimed at developing and commercializing the batteries with longer longevity. The longevity parameter is the key advantage that has influenced several OEMs to seek Silicon anode batteries for respective products. The medical device manufacturers, as well as energy industry technology developers, are constantly seeking advanced batteries for various applications, which is creating ample business opportunities for Silicon anode battery manufacturers during the forecast period. In addition, the Silicon anode battery market comprises of several well-established players as well as emerging players or start-ups. The mix of these players is nurturing the industry, and with full-fledged commercialization, these Silicon anode battery market players are expected to witness significant growth in demand for their products.

Lucrative Regions for Silicon Anode Battery Market

Lucrative Regions for Silicon Anode Battery Market

Get more information on this report :

Market Insights–Silicon Anode Battery Market

Increasing Investments towards Silicon Anode Battery Production

The Silicon anode battery is expected to gain tremendous prominence over the years. The developers of the technology are securing significant investments with an aim to develop and commercialize their technologies at the earliest, which would showcase a paradigm shift in consumer electronics technologies. The advantages offered by the Silicon anode battery have influenced several investors to capitalize on the technology, and this is benefiting the developers to progress in producing the batteries.

Sila Nanotechnologies, a California based Silicon anode battery developer, has been securing investments since the inception of the company. Recently in 2019, the company raised funding of US$ 45 Mn from Canada Pension Plan Investment Board. The Silicon anode battery developer aims to ramp up its production unit of silicon anode battery and commercialize the same for the consumer electronics industry by the 1st half of 2020. Similarly, Sila Nanotechnologies also secured US$ 170 Mn investment from auto giant Daimler in 2019 for the next generation battery technology i.e., Silicon anode battery. In addition, in 2018, Sila Nanotechnologies also gained investments from Sutter Hill Ventures towards innovation and production of Silicon anode batteries. Sila Nanotechnologies have been a pioneer in the silicon anode battery market, and the company emphasizes heavily on producing and commercializing the batteries.

Capacity Insights- Silicon Anode Battery Market

Based on capacity, the global silicon anode battery market is segmented into less than 1500 mAh and 1500 mAh–2500 mAh and above 2500 mAh. Various consumer electronics devices, such as laptops, desktop, phones also automotive vehicles such as cars, are implementing lithium-ion batteries in the component. The lithium-ion cells have grown incrementally better from the few years; hence, these batteries seem set for a significant boost in the future through the increased use of silicon material. Currently, the lithium-ion battery, which is used in laptops, smartphones, and most electric cars, the anode, is made of graphite, a form of carbon. However, several battery developers around the world are trying for years to implement silicon instead of carbon in anodes, since lithium-ions combine with silicon to form Li15Si4; the 15-to-4 ratio signifies that a lesser amount of anode material can store more lithium. Hence, silicon anodes could deliver much larger capacities.

Application Segment Insights

Based on the application, the silicon anode battery market is segmented into automobile, consumer electronics, medical devices, energy and power, industrial, and others. The consumer electronics segment is a prominent application segment in the silicon anode battery market, due to its huge storage capacity and huge demand for lithium-ion with silicon anode. It huge energy storage, long cycle life, reliability, and safety features helps to grow the market. The development in the battery would demand a high value of portable devices in consumer electronics applications. The utilization of high-end technologies in the energy industries is expected to witness huge opportunities during the forecast period. The use of silicon anode battery helps in storing huge amounts of energy, thus, increasing the potential of the battery; the high storage of energy helps several automotive manufacturers to raise an electric range of vehicles. The silicon anode battery also helps in lessening the cost of manufacturers. Furthermore, the growth in the demand for electric vehicles would help in an increase in silicon anode battery. Hence, these above factors have a positive impact on the market globally.

Strategic Insights

Report Coverage - Silicon Anode Battery Market
Report CoverageDetails
Market Size Value inUS$ 39.3 Million in 2019
Market Size Value byUS$ 270.3 Million by 2027
Growth rateCAGR of 28.6% from 2020-2027
Forecast Period2020-2027
Base Year2020
No. of Pages172
No. of Tables57
No. of Charts & Figures77
Historical data availableYes
Segments coveredCapacity ; Application
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

  • In 2019, Sila Technologies, partnered with BMW and Daimler, landed $45 million in new funding. The company announced that an additional $45 million in investment came from Canada Pension Plan Investment Board, bringing its total funding to $340 million. Also, Sila Nano secured $170 million in Series E funding led by Daimler AG.
  • In 2019, INCJ, Ltd. (“INCJ”) announced that it has revoked its decision to support Zeptor Corporation a developer of next-generation lithium-ion battery electrodes. The revocation is in response to Zeptor’s decision to dissolve the company and no longer conduct specific business activities as stipulated in the former Industrial Competitiveness Enhancement Act.

The Global Silicon Anode Battery Market has been segmented as Follows:

Silicon Anode Battery Market – By Capacity

  • < 1500 mAh
  • 1500 mAh- 2500 mAh
  • > 2500 mAh

Silicon Anode Battery Market – By Application

  • Automotive
  • Consumer Electronics
  • Medical Devices
  • Energy & Power
  • Industrial
  • Others

By Geography

  • North America

    • Illinois
    • Ohio
    • Michigan
    • Indiana
    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • Russia
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)

    • South Korea
    • Australia
    • China
    • Taiwan
    • Japan
    • Rest of Asia-Pacific
  • Middle East & Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Rest of MEA

Company Profiles

  • Amprius Technologies
  • Daejoo Electronic Materials Co., Ltd.
  • Enevate Corporation
  • Hitachi Chemical Company, Ltd.
  • Huawei Technologies Co., Ltd.
  • Nanotek Instruments, Inc.
  • Shin-Etsu Chemical Co., Ltd.
  • Sila Nanotechnologies Inc.
  • Targray Technology International
  • Zeptor Corporation

The List of Companies - Silicon Anode Battery Market

  1. Amprius Technologies
  2. Daejoo Electronic Materials Co., Ltd.
  3. Enevate Corporation
  4. Hitachi Chemical Company, Ltd.
  5. Huawei Technologies Co., Ltd.
  6. Nanotek Instruments
  8. Shin-Etsu Chemical Co., Ltd.
  9. Sila Nanotechnologies Inc.
  10. Targray Technology International
  11. Zeptor Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Silicon Anode Battery market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global silicon anode battery market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market

Have a Question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak to Analyst
  • $3000
  • $4550 $3640
  • $6550 $5240
  • $8550 $6840

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount