The global silicon anode battery market was valued at USD 96.5 million in 2015 and is projected to reach USD 1,018.3 million by 2022, at a CAGR of 43.4% between 2016 and 2022.
The factors expected to drive the growth of the market include the increasing demand for eco-friendly electric vehicles and rising R&D initiatives by manufacturers to design batteries with high energy density, superior power capability, energy storage, and longer life span of batteries.
North America was the largest market for silicon anode battery, due to significant growth in the automotive and consumer goods sectors. North America and Europe account for a larger share in the market, due to growth in industrial sector in these regions. The silicon anode battery market in the U.S. is expected to witness high growth, owing to the high demand for battery-powered electric vehicles, e-bikes, and automated guided vehicles in the country.
The Asia-Pacific silicon anode battery market is expected to grow at the highest CAGR during the forecast period. Silicon anode batteries are being increasingly used across various applications in the region, due to increasing awareness about efficiency, safety, and reliability and hence energy cost savings potential of these batteries.
Some of the factors that are projected to drive the growth of the silicon anode battery market are rise in the penetration of electric vehicles in the region and key players establishing their production units in various parts of the region. Countries such as China, Japan, and South Korea are expected to significantly influence the growth of the silicon battery market in Asia-Pacific.
- Amprius, Inc.
- BYD Co. Ltd.
- Boston-Power, Inc.
- California Lithium Battery, Inc.
- Enovix Corporation
- LG Chem Ltd.
- Nexeon Limited
- Panasonic Corporation
- Samsung SDI
- XG Sciences, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trend
7 Silicon Anode Battery Market, By Capacity
8 Silicon Anode Battery Market, By Type
9 Silicon Anode Battery Market, By Application
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/n453t4/silicon_anode
Related Topics: Battery Technology
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/silicon-anode-battery-market-2015-2022---rising-rd-initiatives-by-manufacturers-to-design-batteries-with-high-energy-density---research-and-markets-300326936.html
SOURCE Research and Markets