Silicon Anode Battery Market Research Report, Trends, Analysis and Forecast to 2023

Silicon anode battery is a dissimilar type of lithium ion battery where silicon nano tubes or anodes by means of silicon coating are used in position of usual anodes. Silicon anode batteries are used mainly as of its long life as well as elevated energy storage capacity. Use of silicon material in anodes rise in the storage potential of the batteries which is moderately useful than the lithium ion batteries. Development and reduction takes place as a result of lithium accumulation in the battery owing to which the discharge cycle for usual silicon based anodes are usually kept short. Cylindrical cell, pouch and prismatic are the dissimilar types of silicon anode batteries by which silicon anode battery market is segmented worldwide. Other than this on the base of capacity, the global market for silicon battery can be further segmented into capacity of less than 1500 mAh, 1500 to 2500 mAh and having capacity more than 2500 mAh. Silicon anode battery market has vast applications across various industries globally which includes automobile, healthcare and consumer electronics among others. The “Global Silicon Anode Battery Market” is expected to grow from $96.50 million in 2016 to reach $1044.96 million by 2023 with a CAGR of 40.5 % during the forecast period.

Due to the growth in Silicon Anode Battery, helps in storing huge energy there by rising the potential of the battery. The elevated storage of energy helps automotive manufacturers to enlarge electric range of vehicles which helps in achieving the same range with less number of batteries. Use of silicon anodes further helps in dropping the price of manufacturers. In adding together to this silicon nano wires can be developed with carbon or graphite materials which further decrease the price of the manufacturers. Additional increase in demand for dissimilar kind of electric vehicles would help in growth of silicon anode battery. Other than this silicon batteries are also used for usage in well-suited power devices containing partial space which further has a helpful impact in the market for silicon batteries globally.

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Even though silicon anode batteries are massively used across dissimilar industries still the vast expansion and contraction in silicon anode batteries brings in cracks. Superior energy efficiency further provides huge growth opportunities for the usage of silicon coated batteries in future.Several start-ups companies such as Huawei (China) have developed next-generation li-ion batteries and are focusing on the growth of cells that have a huge energy density, high power density, and long battery life. Additional, continuous technological developments in consumer electronics have boost the growth of this market.

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Silicon Anode Battery market across Asia Pacific regions has huge demand of growth on account of increasing demand for electric bikes and vehicles which uses silicon anode batteries will additional help the silicon anode battery market in this region and expected to observer the highest growth rate for silicon anode battery market since of its massive applications in automotive sector and other industry. Higher efficiency, price savings along with company of a huge number of production units in China and South Korea among others will further help in the growth of silicon anode batteries in Asia Pacific region. 

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The emergence of China as one of the major li-ion battery producers, enlargement in the adoption of electric vehicles and renewable energy sources, and rising research and developments activities on new battery technologies by different countries in Asia Pacific. The enlargement of the energy sector has led to the development resilient solar technologies. Use of silicon anode battery in the renewable energy sector shall take in new revenues for vendors selling silicon anode batteries. In addition, the easiness of manufacturing these batteries as next to its counterparts has also encouraged sales. The Asia Pacific region will be the uppermost contributor to the silicon anode batteries market as the end device manufacturers are the input customers for these batteries. The batteries may not turn into lesser than what they are at present, though, the batteries will be able to hold a lot extra charge than their predecessors. The Asia Pacific market will be the foremost region in this market till the end of the forecast period.