Europe Silicon Anode Battery Market Growth and Forecast by 2027

The Europe 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 automotive industry is experiencing unprecedented growth in recent years with the evolution of electric vehicles. Several automakers are ramping up their EV production intending to create a cleaner planet. In addition, numerous countries have imposed strict regulations towards the adoption of internal combustion engines (ICE) vehicles to cut down polluting emissions. This factor is increasing the production volume of EVs. The batteries in electric automobiles are the most critical component, and pertaining to this, the EV battery manufacturers and EV makers are stressing heavily on the development of advanced technology batteries. The Li-ion batteries have dominated the EV industry and are expected to continue its dominating nature over the next couple of years. However, the emergence of Silicon anode batteries is expected to revolutionize the EV battery industry. This is majorly attributable to the benefit of the longer lifespan of Silicon anode batteries. Moreover, the continuous rise in EV production with the advancements in battery technology is foreseen to create ample business opportunities for the market players operating in the Europe silicon anode battery market in the coming years.

Further, the increased government support is also expected to drive the Europe silicon anode battery market. Such as the Government of Germany allocated around US$1 billion to support battery cell production in Germany and in Europe as part of a bold bid to take around 30% of global market share by 2030. Germany also sought the assistance of the European Commission for the approval of plans for a first sizeable European battery cell production plant that is part of a US$1 billion subsidy scheme for building its own battery manufacturing sector and support the electrification of transport and storage of renewable energy.

The Europe silicon anode battery market is expected to grow at a high pace during the forecast period. The existence of a large number of well-established players and emerging companies in the Europe silicon anode battery market across the region is supporting the uprising demand from the end users. However, COVID 19 is anticipated to hamper the market growth during the forecast period. Various states have implemented drastic measures and travel restrictions, including partially closing their borders

Europe Silicon Anode Battery Market –Segmentation

Silicon Anode Battery Market– By Capacity

• < 1500 mAh
•  1500 mAh- 2500 mAh
• > 2500 mAh

Silicon Anode Battery Market – By Application

• Automotive
• Consumer Electronics
• Medical Devices
• Energy & Power
• Industrial
• Others

Silicon Anode Battery Market – By Country

• France
• Germany
• Italy
• UK
• Russia
• Rest of Europe

Company Profiles:

• Daejoo Electronic Materials Co., Ltd.
• Hitachi Chemical Company, Ltd.
• Huawei Technologies Co., Ltd.
• NEXEON LTD.
• Shin-Etsu Chemical Co., Ltd
• Targray Technology International

Europe Silicon Anode Battery Report Scope