On the basis of application, the global silicon anode battery market is segmented into consumer electronics, automotive, industrial and grid & renewable energy. This in turn, is expected to be a major challenge to the growth of the global silicon anode battery market. Hence, repeated expansion and contraction of silicon anode while charging and discharging decreases the performance of battery. Therefore, volume of silicon anode increases when lithium ions bind with silicon. However, silicon has a property of soaking large amount of lithium-ions. Moreover, high performance of silicon as an anode material is expected to increase its consumption in smartphone batteries over the forecast period. Therefore, demand of next generation batteries such as silicon anode is expected to increase over the forecast period. 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. Thus, electric vehicles are a good alternative for the reduction of CO2 emissions.
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To remain ‘ahead’ of your competitors, request for a samples Įnvironmental regulations pertaining to CO2 emissions are expected to boost the use of alternative modes of transport in the transportation sector. 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. 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.
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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”.