Silicon Anode Industry - Regional Synopsis
APAC Market Forecast
The Asia Pacific silicon anode market is expected to account for 40% of the revenue share during the forecast period. The growth of the market in this region is set to be influenced by growing demand for commercial vehicles. For instance, China is the world leader in both road and rail transportation, and vehicle transportation constitutes to about 98% of the nation's passenger traffic and approximately 83% of its cargo traffic, totaling close to 99 billion passengers and over 37 billion tonnes of cargo traffic annually. Hence, the demand for EV commercial vehicles is estimated to grow. This region is experience rise in its urban population which has surge in demand for moment in goods. Over 2.2 billion population, or 54% of the globe’s metropolitan population, reside in Asia. Asia's urban population is expected to grow by 50% by 2050, or by an additional 1.2 billion individuals. Additionally, the fuel price is this region is also surging which is why there has been surge in shift from fuel vehicles to electric vehicles.
European Market Analysis
The silicon anode market in Europe is anticipated to record significant growth during the forecast timeframe. European silicon anode battery market participants anticipate seeing a rise in demand for their goods. Additionally, it is anticipated that over the coming years, the consumer electronics, automotive, and aerospace industries would all experience significant growth owing to the ongoing development of silicon anode batteries. Furthermore, this country has set strict rules to reduce the emission and aiming towards the zero-emission target by 2030. Hence, this could also influence the silicon anode market growth in this region.
