Silicon Anode Battery Market to hit US$ 270.3 million, Globally, by 2027 at 28.6% CAGR: The Insight Partners

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% from 2020 to 2027.

In 2019, APAC dominated the global silicon battery market. The consumer electronics, automotive, and renewable energy industries are expected to drive the demand for advanced silicon anode batteries in the region. In addition, the advancements in the technologies used in consumer electronics and wearable devices sectors in APAC are also fueling the growth of the silicon anode battery market in the geography. The growth of China as one of the largest li-ion battery producers, increasing adoption of electric vehicles and renewable energy sources, and increasing R&D activities on new battery technologies by various countries in APAC are among the additional factors that are driving the growth of the silicon battery market. The manufacturing of lithium-ion battery increased in the region mainly due to their capability to deliver superior performance relative to other rechargeable batteries, and less self-discharging rate.

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Asian battery manufacturers dominate the market due to the robust manufacturing base established in Asia, which later enabled quick scaling up of the production volume and further development and optimization of the technology. Further, due to the growing community concern about the impact of waste lithium-ion batteries on the environment and public health, there is currently a shortage of appropriate policies and collection systems for cells in China. However, the importance of raw materials such as cobalt and nickel used in battery manufacturing has been successful in putting pressure on manufacturers and the government to regulate silicon anode battery properly. Therefore, by using appropriate policies and collection systems for lithium ion battery in China, a lot of silicon anode batteries can be manufactured and developed, which is contributing to the growth of the silicon anode battery market.  

The Chinese government offered generous incentives and dished out subsidies to domestic battery manufacturers, enabling them to scale as the market grows. Such factors are anticipated to drive the growth of the silicon anode battery market during the forecast period. Further, the high energy storage capacity of silicon, growing adoption of lithium-ion battery in consumer electronics, cost-effective material, upsurge in demand for silicone anode battery in automotive industry are expected to drive China silicon anode battery market.

Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments.  The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Silicon Anode Battery Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

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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.

The List of Companies - Silicon Anode Battery Market

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

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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.

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