Silicon anode lithium-ion battery market is anticipated to grow at an exponential CAGR of 48.6% during the forecast period (2024-2031). Silicon anode lithium-ion batteries are referred to as the next-generation alternative to lithium-ion batteries, as they deliver more than ten times the potential capacity of lithium-ion batteries compared to standard anodes. The market demand for the product is expected to rise in the future owing to increased consumption of consumer electronics, development of the silicon anode as an alternative EV battery material, and investment by state-run organizations as well as private companies to optimize the material for various industrial usage.
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The consumer electronics industry has highly impacted the demand for silicon anode batteries owing to their energy efficiency features, safety characteristics, and faster charging speeds. Major manufacturers are looking to replace most lithium-ion batteries with their silicon anode counterparts in essential daily-use electronic devices such as phones, laptops, and tablets among others to increase battery lifecycle, reduce battery space in the device, and increase volumetric energy density. For instance, as per the India Brand Equity Federation (IBEF), by 2025, India’s consumer electronics and appliances industry is predicted to be the fifth-largest in the world. The Indian appliances and consumer electronics industry stood at $9.84 billion in 2021 and is expected to more than double to reach $21.18 billion by 2025. India’s consumer electronics and home appliances market is set to grow by $2.3 billion between 2022 and 2027, registering a CAGR of 1.31%.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Silicon Anode Battery Market Report Segment
By Capacity
- Less than 1500 mAh
- 1500 mAh to 2500mAh
- Above 2500 mAh
By Application
- Consumer Electronics
- Automobile
- Medical Devices
- Industrial
- Energy Harvesting
Global Silicon Anode Battery Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global silicon anode lithium-ion battery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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