Silicon Anode Battery

Silicon Anode Battery

Global Silicon Anode Batteries Market to Reach $747.4 Million by 2027

In the changed post COVID-19 business landscape, the global market for Silicon Anode Batteries estimated at US$261.2 Million in the year 2020, is projected to reach a revised size of US$747.4 Million by 2027, growing at a CAGR of 16.2% over the analysis period 2020-2027. Consumer Electronics, one of the segments analyzed in the report, is projected to record a 15.7% CAGR and reach US$329.7 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Automotive segment is readjusted to a revised 14.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $72 Million, While China is Forecast to Grow at 22.7% CAGR

The Silicon Anode Batteries market in the U.S. is estimated at US$72 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$175.5 Million by the year 2027 trailing a CAGR of 22.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.9% and 13.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$104.5 Million by the year 2027.

Industrial Segment to Record 20.2% CAGR

In the global Industrial segment, USA, Canada, Japan, China and Europe will drive the 20.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$17.2 Million in the year 2020 will reach a projected size of US$60.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 20.6% CAGR through the analysis period.

Select Competitors (Total 12 Featured) -

• Amprius, Inc.
• Boston-Power, Inc.
• BYD Co., Ltd.
• California Lithium Battery, Inc.
• Enovix
• LG Chem Ltd.
• Nexeon Limited
• Panasonic Corporation
• Samsung SDI Co., Ltd
• XG Sciences, Inc.

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