The global Nanowire Battery market is set to soar at a high growth rate throughout the forecast period (2016-2022), asserts Market Research Future (MRFR). Nanowires are structures that have a diameter of tens of nanometers or less. The surface area of the electrodes of a normal battery is increased through the use of nanowires; which is then called a nanowire battery.
Nanowire Battery is a new technology which is explained as a battery which uses nanowires in order to increases the surface area for its electrodes. These batteries are capable of hundreds of thousands of recharges cycles and with the existence in real world, these batteries can change the future of energy storage. Global Nanowire Battery Market is expected to grow rapidly during the forecast period and as various technologies are coming into picture to make the Nano Technology a reality, soon nanowire batteries will eliminate the traditional batteries.
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The prominent players making name in the global market are Boston Power Inc. (U.S.), Prieto Battery Inc. (U.S.), Imprint energy Inc. (U.S.), Ambri Inc. (U.S.), Xilectric Inc. (U.S.), Amprius Inc. (U.S.), Pellion Technologies (U.S.), EnerDel, Inc. (U.S.), Envia Systems Inc. (U.S.), Sila Nanotechnologies Inc. (U.S.) and others.
The global nanowire battery market is segmented based on applications and regions.
Applications of nanowire battery are consumer electronics devices, automotive, healthcare, energy storage, power generation and others. Among this, electronics devices segment holds the largest market share owing to increasing use of this product in remotes, laptops, and mobile phones. Whereas, use of concerned product in medical devices with advancement in technology will bolster the nanowire battery market
Market Drivers and Restraints
The key drivers bolstering the nanowire battery market are portable electrical and electronic devices that include cell phones, laptops, wearable devices. Increasing demand for advanced medical applications and devices has resulted in constant innovation of new medical products which uses batteries to store energy, in turn, propelling nanowire battery market.
Low manufacturing cost for producing these products and its lightweight properties are bound to be other prime reasons for propelling the market growth. Presently, the product is also making its way into applications in drone and marine batteries.
However, it is noted that nanowire batteries are susceptible to the edge effect. The edge effect is when the conductivity of the battery is affected if the bonding between the neighboring atoms on the surface of the nanowire is weak. This factor could cause some damage to ongoing growth of the nanowire battery market.
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On the other hand, several research and development organizations continuously invest massive amount to develop new products and collaborate with various universities. These collaborations entail making this technology easily available to consumers. Also, a number of researchers are striving to solve the minor challenges associated with nanowire batteries by coating nanowires with a certain type of a gel. For instance, in 2016, researchers at the University of California created a new gel coating for nanowire battery that could be cycled many times without wearing out.
North America accounts for largest market share for Nanowire Battery. Presence of global players in U.S. and Canada is giving lead to North America. Asia-Pacific accounts for second position as strong presence of manufacturing in China and Japan.
August 2018 – Researchers at the University of Utah have used hydrogels to make a switch for transistors called “squishy” due to their flexibility and stretchable quality. The researchers fabricated a metal-oxide hydrogel field-effect transistor (MOHFET) with a channel made of hydrogel embedded with gold nanoparticles. This enables hydrogels to be used as a structural and functional material for incorporating nanoparticles in switches, sensors, and other electronic devices.
TABLE OF CONTENTS
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure:
1.3.1 Global Nanowire Batterys Market: By Application
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LIST OF TABLES
Table 1 Global Nanowire Battery Market, By Application
Table 2 Global Consumer Electronics Market, By Region
Table 3 Global Automotive Market, By Region
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