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

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
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 172
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[Research Report] 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.

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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.

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Silicon Anode Battery Market: Strategic Insights

silicon-anode-battery-market
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
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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.
  • NEXEON LTD.
  • Shin-Etsu Chemical Co., Ltd.
  • Sila Nanotechnologies Inc.
  • Targray Technology International
  • Zeptor Corporation
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Capacity ; Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

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
  7. NEXEON LTD.
  8. Shin-Etsu Chemical Co., Ltd.
  9. Sila Nanotechnologies Inc.
  10. Targray Technology International
  11. Zeptor Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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