Silicon Anode Battery Market Estimated to Be Reach At US$ 101.9 Mn by 2016 | страница 2

R e s e a r c h

Report Media Releases
Global Silicon Anode Battery Market Estimated to Be Valued At
US$ 101.9 Mn by the End of 2016, Characterized by Increased
Growth in Manufacturing of Electric Vehicles
Persistence Market Research delivers key insights on the silicon anode battery market in its
latest report titled “Silicon Anode Battery Market: Global Industry Analysis and Forecast, 2016–
2024”.

M a r k e t

The global silicon anode battery market is estimated to be valued at US$ 101.9 Mn by the
end of 2016 and is expected to be valued at US$ 484.9 Mn by the end of 2024, registering a
CAGR of 21.5% over the forecast period. North America is estimated to account for a market
value share of 35.4% in the global silicon anode battery market by 2016 end, and is anticipated
to remain dominant throughout the forecast period.
Environmental regulations pertaining to CO2 emissions are expected to boost the use of
alternative modes of transport in the transportation sector. Thus, electric vehicles are a good
alternative for the reduction of CO2 emissions. Government promotion for adoption of electric
vehicles and incentives regarding low emission of CO2 is expected to increase electric vehicles
sales over the forecast period. Therefore, demand of next generation batteries such as silicon

P e r s i s t e n c e

anode is expected to increase over the forecast period. Moreover, high performance of silicon as
an anode material is expected to increase its consumption in smartphone batteries over the
forecast period.
However, silicon has a property of soaking large amount of lithium-ions. Therefore, volume of
silicon anode increases when lithium ions bind with silicon. Hence, repeated expansion and
contraction of silicon anode while charging and discharging decreases the performance of
battery. This in turn, is expected to be a major challenge to the growth of the global silicon anode
battery market.
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On the basis of application, the global silicon anode battery market is segmented into consumer
electronics, automotive, industrial and grid & renewable energy. Consumer electronics segment
is further sub-segmented into 3G/4G cellphones, laptops, tablets, MP4, digital cameras, and
other electronic devices.

Global Silicon Anode Battery Market 2016-2024