Nanowire Battery Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Nanowire Battery Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Materials

Report Description

Nanowire battery is a technology that uses nanowire in order to increase the surface area of its electrodes. Nanowires are structures whose diameter ranges in tens of nanometers or less. Nanowires can offer good strain relaxation and better interface control, thus providing an enhanced lifecycle. These wires have the special ability to expand four times their original size when charged without fracturing. In comparison to conventional battery, the graphite anode is replaced with these nanowires to improve the battery performance. Lithium ion is a nanowire battery, which uses stainless steel anode covered by silicon nanowires. Lithium is stored in small silicon nanowires which have the diameter of 0.001 smaller than that of a sheet of paper. Germanium anodes can also be used to replace graphite anodes.

Electronic devices such as laptops, smartphones, and other gadgets with nanowire batteries last for longer duration than conventional batteries. This is one of the primary advantages of nanowire battery. Nanowire batteries produce 10 times more electricity than current batteries and also get charged faster. Nanowires are also used in solar cell, because it helps absorb & retain more sunlight creating resonance effect which increases the efficiency of solar cells. The research activities are being carried out, with regards to retention of sunlight to optimize the efficiency of solar cells. This is expected to boost the market for nanowire batteries. Nanowire batteries are likely to transform the electronics market in the next few years owing to their distinctive characteristics of faster charging and longer durability.

Nanowire batteries with stainless steel or germanium anodes face a disadvantage of undergoing expansion when charged. They are also likely to get disintegrated after certain number of cycles of use. Nanowire batteries are susceptible to the edge effect. The conductivity of the battery can be affected if the bonding between the neighboring atoms on the surface of the nanowire is weak. This is called the edge effect. This is projected to be one of the restraints of the nanowire battery market. Considering the numerous advantages that nanowire batteries provide, researchers all over the world are striving to solve the minor disadvantages associated with them by coating nanowires with a certain type of a gel.

Based on end-use application, the nanowire battery market can be segmented into consumer electronics devices, healthcare, automotive, energy storage, power generation, and others. Solar cells and solar energy devices is one of the important industrial applications of the nanowire battery. Nanowire batteries can be used in various applications in the electronics field such as smart cards, power remote sensors, display screens, and flexible electronics. Nanowire batteries can also be employed in biomedical implant devices, where the battery needs to be charged while remaining implanted. Nanowires are also used largely in electric vehicles.

Research is being carried out to use light-absorbing nanowires embedded in a flexible polymer film to produce low-cost flexible solar panels. These solar panels can be employed in household applications. Researchers have developed improved nano generators with power sensors based on nanowires. These are self-powered sensing devices, which are able to generate the power within the range of nanometers.  

Based on geography, the nanowire battery market can be divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America accounts for the major share of the nanowire battery market due to the increasing significance of nanotechnology and the rising need to conserve energy.  Led by the expansion of manufacturing industries in China and Japan, Asia Pacific also contributes to significant share of the nanowire battery market.

Key players operating in the nanowire battery market are Ambri Inc., Imprint Energy Inc., Amprius Inc., XilectricInc., Boston Power Inc., Prieto Battery Inc., EnerDel Inc., Envia Systems Inc., Sila Nanotechnologies Inc., Alveo Energy Inc., and Quantumscape Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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