The global silicon anode battery market was valued at
USD 96.5 Million in 2015 and is expected to grow at a CAGR of 43.4%
between 2016 and 2022. The base year used for this study is 2015 and the
forecast period is 2016 to 2022.
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The market report covers the market on
the basis of capacity, type, application, and geography. In terms of
capacity, 1,500 to 2,500 mAh was the largest segment of the market in
2015. The increasing need for advanced battery technology that overcomes
the drawbacks of conventional batteries in electric vehicle
applications is one of the major drivers for the growth of the silicon
anode battery market. Besides this, silicon anode batteries have the
capability to power devices that are compact, have limited internal
space, and enable efficient working.
The scope of this report covers the silicon anode
battery market on the basis of capacity, type, application, and
geography. In terms of capacity, 1,500 to 2,500 mAh was the largest
segment of the market in 2015. Silicon anode batteries are majorly used
in consumer electronics, such as smartphones, mobiles & tablets,
laptops and wearable devices among others. These batteries are expected
to help meet the future requirements of energy storage, long cycle life,
safety, and reliability. There has been an increased demand for silicon
anode battery from automotive manufacturers for use in plug-in electric
vehicle to increase their all-electric range with the same volume of
batteries or use fewer batteries to achieve the same range.
Based on type, prismatic is expected to be the
largest segment of the silicon anode battery market in 2016. Modern
prismatic cells make optimal use of space by using the layered approach
as compared to traditional cell. Prismatic cells improve space
utilization and allow flexible design; however, these cells have a
shorter cycle life, can be expensive to manufacture, and less efficient
in thermal management as compared to cylindrical cells.
Based on geography, North America accounted for the
largest share of the silicon anode battery market in 2015. The market in
Asia-Pacific is expected to grow at the highest CAGR, owing to
substantial investments by various companies to set up their silicon
anode battery-manufacturing facilities in several countries across in
the region.
Factors such as large volume change of silicon and
breakdown of solid electrolyte interphase (SEI) when nanostructure
shrinks during delithiation process are expected to restrain the growth
of the market in the coming years. When building a charge, silicon anode
materials swell to store lithium ions. The swelling that accompanies
lithium absorption is a major challenge when designing high capacity
silicon anode lithium-ion battery.
Panasonic Corporation (Japan) is considered as one of
the important players in the development of silicon anode battery
market. The company is focusing on the development of new products such
as a rechargeable silicon anode battery for wearable devices. Moreover,
the company has entered into some strategic collaborations and
partnerships to strengthen its market share. For instance, the company
collaborated with Tesla (U.S.) for the construction of a large-scale
battery manufacturing plant in the U.S., known as the Gigafactory.
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