Report : Europe Silicon Anode Battery Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Capacity (< 1500 mAh, 1500 mAh- 2500 mAh, and > 2500 mAh); Application (Automotive, Consumer Electronics, Medical Devices, Energy & Power, Industrial, and Others); and Country
<1500 mAh Segment to Dominate Europe Silicon Anode Battery Market during 2019–2027
According to a new market research study on "Europe Silicon Anode Battery Market to 2027 – Regional Analysis and Forecast by Capacity and Application," is expected to reach US$ 45.3 million Mn by 2027 from US$ 7.2 Mn in 2019. The market is estimated to grow at a CAGR of 27.1% from 2020 to 2027.
The report provides trends prevailing in the Europe Silicon Anode Battery Market along with the drivers and restraints pertaining to the market growth. The silicon anode battery is expected to gain tremendous prominence over the years. The developers of the technology are securing significant investments with an aim to develop and commercialize their technologies at the earliest, which would showcase a paradigm shift in consumer electronics technologies. The advantages offered by the silicon anode battery have influenced several investors to capitalize on the technology, and this is benefiting the developers to progress in producing the batteries. In addition, the demand for smart wearable is surging across various industries owing to the benefits offered by the products. The battery of smart wearable is one of the top purchasing parameters among the end-users. The Li-ion batteries provide sufficient battery power; however, the graphite in the anode of a Li-ion battery discharges the battery power quickly. The silicon anode battery overcomes this drawback and facilitates the end-user to use the smart wearable for a longer time. Pertaining to this, the manufacturers of smart wearable are seeking opportunities to integrate their products with silicon anode batteries, which would drive the Europe silicon anode battery market.
The Europe silicon anode battery market is segmented on the basis of capacity, application, and country. The Europe silicon anode battery market players offer their products with varied capacities, which include; less than 1500 mAh, 1500 mAh-2500 mAh, and above 2500 mAh. The application segment in the Europe silicon anode battery market comprises of automotive, consumer electronics, medical devices, energy & power, industrial, and others.
The key players operating in the Europe silicon anode battery market include Daejoo Electronic Materials Co., Ltd, Hitachi Chemical Company, Ltd., Huawei Technologies Co., Ltd., NEXEON LTD., Shin-Etsu Chemical Co., Ltd, and Targray Technology International. In addition to these players, several other important were studied and analyzed during the course of this market research study.
EuropeSilicon Anode Battery Market, By Country, 2019 and 2027 (%)
The report segments the Europe Silicon Anode Battery Market as follows:
Silicon Anode Battery Market– By Capacity
Silicon Anode Battery Market – By Application
Silicon Anode Battery Market – By Country
- Rest of Europe