The Global Nano-Enabled Batteries Market size is expected to grow at a CAGR of 11.2% during the forecast period from 2021-2028 and reach USD 1,269 million by 2028. The growth in the market can be attributed to factors such as increasing demand for renewable energy storage systems with an increased focus on powering electric mobility, low cost of manufacturing due to technological advancements and an increase in government funding for research & development activities related to battery technology.
Nano-Enabled Batteries are advanced and more powerful than the conventional battery. Nano-enabled batteries have anodes made of silicon nanowires coated with solid, protective aluminum shells that can store up to 50 times as much energy per gram without any significant loss of performance or durability over time. These nanostructures provide a dramatic increase in power density (watts/kilogram) when compared against ordinary AA cells for example.
The nano-enabled lithium-ion rechargeable battery is characterized by high voltage discharge rates both at low and high temperatures relative to its capacity requirements due to their unique electron tunneling behavior within the electrode materials which account for the higher volumetric charge storage capacities. This offers lower-cost production techniques using less expensive metals and materials in the production process.
On the basis of Types, the market is segmented into Large Format Modules, Customized Batteries.
Large format modules are large-format energy storage units that store power in the form of a high-density battery. Large Format Modules (LFM) offer significant performance advantages over other options and provide an attractive alternative to traditional lead-acid batteries. LFM's can be installed as individual cells or interconnected into arrays for greater capacity, depending on the customer's needs. They also have longer lifetimes than most lithium-ion alternatives and they're quick charging - up to 80% charge within one hour.
Customized batteries are application-specific, tailored to meet the requirements of any given customer. They can be designed for a range of industries from medicine and heavy industry to consumer goods and agriculture.
There are two types of custom-designed batteries: "customized" and "built to order." In the first case, a customer purchases an existing battery design from a manufacturer. The second involves more collaboration with the manufacturer, who provides specifications for how much power is required and what type of service life it should have. A company then designs its own battery around these parameters. Customized batteries may be cheaper than built-to-order ones because they can use off-the-shelf components that don't need to meet any specific requirements, but in return, customers must take whatever performance specification their supplier offers them without being able to tweak it themselves.
On the basis of Application, the market is segmented into Medicine, Heavy Industries, Consumer Goods, Agriculture, and Energy Efficiency.
Nano-enabled batteries have applications in medicine. They are used as a power source for various medical devices, such as pacemakers and hearing aids. Nano-enabled batteries are also being researched to be used as an alternative energy store in the body (e.g., blood). This would reduce dependence on invasive surgical procedures like angioplasty or coronary bypass surgery by allowing doctors to insert wires into arteries that get rid of blockages through high voltage electric pulses instead of using balloons with compressed gas which can cause bleeding from ruptured plaque inside artery walls.
Nano-Enabled Batteries are used in heavy Industries to power trains, buses, and cars. They have the capacity to store a large amount of energy for long periods without losing it. This is one of their most important use cases as they can provide nonstop electricity at all times irrespective of load variations or sudden fluctuations due to weather conditions like rainstorms or snow accumulation on rooftops.
Nano-enabled batteries are used in a wide range of consumer goods which includes portable electronics, electric bikes, and scooters. These products have gained tremendous popularity over the years owing to their lightweight design, easy usability, and efficient performance. In addition, these devices also consume less power as compared to traditional batteries and can be recharged from an electrical outlet or solar panel proving to be highly useful for people living near remote villages without access to reliable electricity supply.
The use of Nano-Enabled Batteries in Agriculture includes irrigation pumps running for up to 120 hours on a single charge which would reduce water usage by 50%. PowerStar Technologies have developed a "smart" battery that will last up to 20 years with minimal maintenance costs.
The Nano-Enabled Batteries in the Energy Efficiency segment are used to store electricity from renewable sources such as solar and wind. They can be charged by either natural or artificial means, where they act as a buffer for power fluctuations.
On the basis of Region, the market is segmented into North America, Latin America, Asia Pacific, and Europe.
North America: The usage of Nano-enabled batteries has grown tremendously during recent times primarily driven by technological advancements meeting end-user needs.
Asia Pacific: The Asia-Pacific region is expected to grow at the fastest CAGR in terms of market size during the forecast period, owing to its huge population and increasing demand for electric vehicles.
Europe: Europe accounted for a significant share of the global Nano-enabled batteries market due to the presence of major battery manufacturers such as LG Chem.
Latin America: Latin American countries have witnessed growth in adoption rate because they are less developed than other regions when it comes to infrastructure investments like power grid over long distances making renewable energy sources unviable. These factors add up positively towards the use of nano-enabled batteries in these locations.
Up Market Research published a new report titled “Nano Enabled Batteries Market research report which is segmented by Types (Large Format Modules, Customized Batteries), By Applications (Medicine, Heavy Industries, ConsumerGoods, Agriculture, Energy Efficiency), By Players/Companies Tiankang Batter, Johnson Matthey, Mphase Technologies, Valence Technology, Advanced Battery Technologies, Altair Nanotechnologies, Ecolocap Solutions, Enerdel, Front Edge Technology, 3M”.
|Report Attributes||Report Details|
|Report Title||Nano Enabled Batteries Market Research Report|
|By Type||LargeFormat Modules, CustomizedBatteries|
|By Application||Medicine, Heavy Industries, ConsumerGoods, Agriculture, Energy Efficiency|
|By Companies||Tiankang Batter, Johnson Matthey, Mphase Technologies, Valence Technology, Advanced Battery Technologies, Altair Nanotechnologies, Ecolocap Solutions, Enerdel, Front Edge Technology, 3M|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||203|
|Number of Tables & Figures||143|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type LargeFormat Modules, CustomizedBatteries and By Application Medicine, Heavy Industries, ConsumerGoods, Agriculture, Energy Efficiency.
Some of the companies that are profiled in this report are:
Nano Enabled Batteries Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Nano Enabled Batteries Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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