Nanowire Battery Market Scope
Nanowire Battery is a technology that uses nanowire in order to raise the surface area of electrodes. Nanowire Battery market has high growth prospects due to its good strain relaxation and better interface control, which delivers an enhanced lifestyle. It is mostly applicable in smartphones, laptops and other gadgets for long-duration performance which is better than conventional batteries. Robust demand for lithium-ion batteries in electric vehicles in the North America region owing to evolving better efficiency. It is also favorable for government initiatives to improve the environmental pollution and driving the nanowire battery market growth. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the electronics and electrical industry.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Amprius (United States), Sila Nanotechnologies (United States), OneD Material (United States), Nexeon (United Kingdom), NEI Corporation (United States), XG Sciences (United States), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea) and Enevate (United States) |
CAGR | 13.2% |
"According to AMA, the Global Nanowire Battery market is expected to see growth rate of 13.2% and may see market size of USD224.7 Million by 2030." Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Nanowire Battery market throughout the predicted period.
Amprius (United States), Sila Nanotechnologies (United States), OneD Material (United States), Nexeon (United Kingdom), NEI Corporation (United States), XG Sciences (United States), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea) and Enevate (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are ACS Materials (United States), Novarials Corporation (United States), Boston Power (United States), Lithium Werks (Netherlands) and Targray (Canada).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Nanowire Battery market by Type , by Application (Smart Cards, Power Remote Sensors, Display Screens and Flexible Electronics) and Region with country level break-up.
On the basis of geography, the market of Nanowire Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In October 2019, Airbus Defence and Space partnered with Amprius Inc. This acquisition will strengthen the market presence and beneficial for the generation of silicon nanowire anode-based lithium-ion batteries at Germany regions.
In Oct 2018, Huawei launched a patented lithium-silicon battery. This innovative product offers graphite based version and power retention capacity. It is also beneficial for a new business portfolio and raises market penetration.
Influencing Trend:
Growing Application of Nanowire Batteries for Drone and Marine Activities.
Market Growth Drivers:
Upsurge Demand for Advanced Medical Applications and Devices. and Rising Consumption of Laptops, Remote Controllers, Electrical Cars and Others
Challenges:
Availability of Substitute Battery Technologies and Adverse Impact due to Expansion when Charged and Disintegrated after Certain Number of Cycles
Restraints:
Failure of Nanowire Batteries due to Edge Effect, Extremely Fragile and Susceptible to Breakage and Lack of Research and Development in the Field of Nanowire Batteries
Opportunities:
Rising Preference for Electric Vehicles. and Increasing Investments by Investors and Manufacturers.
Key Target Audience
Nanowire Battery Manufacturers, Nanowire Battery Traders, End-Use Market Participants of Different Segments of Nanowire Battery, Government and Research Organizations, R&D Institutions and Others