Silicon Anode Battery Market Share

North American Market Forecast

Silicon Anode Battery market in North America is predicted to account for the largest share of 40% by 2037 impelled by the rising environmental concerns. As a result, the government in North America is encouraging the use of renewable energy sources and electric automobiles. The employment of energy-efficient and low-emission technologies is supported by incentives, subsidies, and laws. A promising strategy to lower greenhouse gas emissions and boost energy efficiency is the use of silicon-anode batteries in electric vehicles and renewable energy storage systems. 

According to a survey conducted in 2022, more than 60% of Americans place a higher priority on the development of renewable energy sources.

Europe Market Forecast

The Europe silicon anode battery market is estimated to be the second largest, during the forecast timeframe led by growing spending on research & development. Several top battery producers such as Northvolt, Tesla, and CATL are based in Europe and are substantially investing in the research and development of cutting-edge batteries including silicon anode batteries.

Further, the European Union is sponsoring the development of batteries, which is predicted to accelerate the uptake of silicon anode batteries in Europe.