Silicon Anode Battery Market Estimated to Be Reach At US$ 101.9 Mn by 2016 | Page 3
R e s e a r c h
M a r k e t
Consumer electronics segment dominated the global silicon anode battery market and
accounted for 43.7% value share and is estimated to remain dominant throughout the forecast
period. This segment is projected to grow 5.1X over the forecast period. Increasing demand for
high performance of batteries in smartphones is expected to witness a significant growth of the
3G/4G cellphones sub-segment in consumer electronics segment over the forecast period.
Therefore, this sub-segment accounted for a major value share and is estimated to remain
dominant throughout the forecast period. Moreover, automotive segment is sub-segmented into
plug in HEV, HEVs, EVs and electric bicycles. EVs sub-segment in automotive segment is
expected to witness significant growth and projected to grow 5.3X over the forecast period.
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On the basis of key regions, the global silicon anode battery market has been segmented into
North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America
dominated the market with over 35% of the overall silicon anode battery market share in 2015.
This is mainly attributed to product innovation in silicon using nano-technology. Asia Pacific
market accounted for over 30% of the overall silicon anode battery market share in 2015. This is
mainly attributed to major manufacturing companies of consumer electronics in countries such
as China, Japan, and South Korea among others. This in turn, is expected to increase the
P e r s i s t e n c e
demand for silicon anode batteries over the forecast period. Moreover, increasing adoption of
electric vehicles in Europe is estimated to be one of the major reason for the sales of the silicon
anode batteries and this region is anticipated to witness a significant CAGR of 22.0% over the
forecast period.
Some of the key players identified in the global silicon anode battery market are Amprius Inc.,
Nexeon Limited, Enevate Corporation, XG Sciences Inc., CONNEXX SYSTEM Corporation and
OneD Material among others.
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Global Silicon Anode Battery Market 2016-2024