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Market Leadership- Silicon Anode Battery Market
The silicon anode battery market is expected to grow from USD 96.5 Million in 2015 to USD 1,018.3 Million by 2022 at a CAGR of 43.4% from 2016 to 2022. Silicon anode has theoretical capacity of more than 10 times that of graphite anode. The silicon anode battery, being compact, flexible, safe, and cost-effective, makes the devices weigh lighter while increasing its efficiency and facilitating advancements in products. This makes them favorable for use in a wide range of applications. The demand for silicon anode battery is increasing on the basis of types in various industries. To fulfill the demand, companies manufacturing batteries are focusing on partnerships and R&D activities in this market.
Some of the key players in the global silicon anode battery market are Amprius, Inc. (U.S.), Panasonic Corp (Japan), Samsung SDI (South Korea), LG Chem (South Korea), Nexeon Limited (U.K.), Los Angeles Cleantech Incubator (U.S.), Nanotek Instruments, Inc. (U.S.), Enevate Corporation (U.S.), Zeptor Corporation (U.S.), XG Sciences (U.S.) and California Lithium Battery Inc. (U.S.).
Panasonic Corporation (Japan) is the leading company in the silicon anode battery market. The company adopts strategies such as extensive product launches and partnerships to strengthen its market share. For instance, the company collaborated with Tesla (U.S.) for co-operation on the construction of a large-scale battery manufacturing plant in the U.S., known as the Gigafactory. Moreover, the company is also developing new products such as a rechargeable silicon anode battery for wearable technology to address the market needs.
Amprius Inc. is a well-known silicon anode battery technology manufacturing company. Over the years, Amprius raised funds through various investors such as Trident Capital, Vantage Point Capital Partners (U.S.), Google Inc. (U.S.), IPV Capital (China), SAIF Partners (Hongkong), and Wuxi IDG (China) among others to boost its next-generation silicon anode battery production. The company is working towards introducing new technologies in the market to fulfil the future needs of its customers. Moreover, to commercialize its batteries for electric vehicle, the company entered into a strategic partnership with Meyer Burger (Netherlands). Amprius is planning to expand its product portfolio by introducing new silicon anode batteries for electric vehicles and gain a stronger position in the market.
Samsung SDI (South Korea) is the second-largest company in the silicon anode battery market. The company is one of the leading manufacturers of silicon anode lithium ion battery in the world. The company seeks to expand its market presence and build a brighter future through technological development for new businesses. The company’s strong R&D capabilities enable it to improve the performance of existing materials and develop new and innovative products. In addition, through strategic investments, the company strives for opportunities in the emerging markets. For instance, Samsung SDI Co. Ltd., a global leader in energy solutions and electronic materials, acquired the battery pack business of Magna International (Austria), a leading global automotive supplier.
Silicon Anode Battery Market by Type (Cylindrical, Prismatic & Pouch), Capacity (Less than 1500 mAh, 1500 mAh to 2500mAh & Above 2500 mAh), Application & Geography - Global forecast to 2022
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