Market Introduction
In 2019, Asia Pacific dominated the silicon anode battery market. The consumer electronics, automotive, and renewable energy industries are expected to drive the demand for advanced silicon anode batteries in the region. In addition, the advancements in the technologies used in consumer electronics and wearable devices sectors in APAC are also fueling the growth of the APAC silicon anode battery market in the geography. The growth of China as one of the largest li-ion battery producers, increasing adoption of electric vehicles and renewable energy sources, and increasing R&D activities on new battery technologies by various countries in APAC are among the additional factors that are driving the growth of the APAC silicon battery market. However, COVID 19 is anticipated to negatively impact market growth in the coming period. Till now, China has the highest number of COVID -19 confirmed cases.
Market Overview and Dynamics
The APAC silicon anode battery market was valued at US$ 7.2 million in 2019 and is projected to reach US$ 45.3 million by 2027; it is expected to grow at a CAGR of 27.1% from 2020 to 2027. 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.
Key Market Segments
Based on capacity, the APAC silicon anode battery market is segmented into less than 1500 mAh and 1500 mAh–2500 mAh and above 2500 mAh. The <1500 mAh segment led the APAC silicon anode battery market in 2019. The battery with a capacity of less than 1500 mAh is used majorly in the consumer electronics industry in the form of battery pack modules or individual cells. In the consumer electronics application, silicon anode batteries are utilized in laptops, cell phones, mp4 players, tablets, digital cameras, and various other microelectronic devices.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the silicon anode battery market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Daejoo Electronic Materials Co., Ltd, Hitachi Chemical Company, Ltd., Huawei Technologies Co., Ltd., NEXEON LTD., Shin-Etsu Chemical Co., Ltd, and Targray Technology International.
Reasons to buy report
APAC SILICON ANODE BATTERY MARKET SEGMENTATION
Silicon Anode Battery Market– By Capacity
Silicon Anode Battery Market – By Application
Silicon Anode Battery Market – By Country
Company Profiles:
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 7.2 Million |
| Market Size by 2027 | US$ 45.3 Million |
| CAGR (2020 - 2027) | 27.1% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Capacity
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Silicon Anode Battery Market is valued at US$ 7.2 Million in 2019, it is projected to reach US$ 45.3 Million by 2027.
As per our report Asia Pacific Silicon Anode Battery Market, the market size is valued at US$ 7.2 Million in 2019, projecting it to reach US$ 45.3 Million by 2027. This translates to a CAGR of approximately 27.1% during the forecast period.
The Asia Pacific Silicon Anode Battery Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Silicon Anode Battery Market report:
The Asia Pacific Silicon Anode Battery Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Silicon Anode Battery Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Silicon Anode Battery Market value chain can benefit from the information contained in a comprehensive market report.
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