Nanowire Battery Market Technology Innovation 2018 to 2024:Ambri, Imprint energy, AT&T, Amprius, Boston Power, Envia systems, Sila Nanotechnologies, EnerDel, Hitachi cable and Sony.
The main key drivers for boosting the nanowire battery market are portable electrical and electronic devices which include cell phones, laptops, wearable devices. Growing demand for advanced medical applications and devices has led to innovation of new medical products which uses batteries to store energy, in turn, propelling nanowire battery market.
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Rising consumption of TVs, remote controllers, notebooks, laptops and electrical cars and bikes will raise the demand for nanowire battery market over the forecasted years. Low manufacturing cost involved in producing these products and its lightweight properties will be other prime reasons for augmenting the market. Recently, the product also found its application in drone and marine batteries.
Batteries which makes use of nanowires to intensify the surface area of both or single of its electrodes are called nanowire battery. These nanowires could enhance the battery performance by substituting old graphite anode with these wires. It is a lithium ion battery consisting of stainless steel anode covered with silicon wires.
These products are proved to last longer than the traditional batteries which have its major applications in cell phones, laptops and several other electrical & electronic devices. They have abilities to expand four times when in charging and they do not fracture. They produce 10 times more electricity as compared to old conventional batteries.
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Asia Pacific is the fastest growing nanowire battery market due to rapid industrialization. China dominates the industry market with presence of large number of product manufacturers. Also, escalating population and improving economy in emerging nations have intensified the need for both consumer and industrial electronic devices, in turn, propelling the market demand. Booming energy and power sector in the region will drive nanowire battery market.
Global nanowire battery market is competitive in nature. Several global market leaders present include Ambri, Imprint energy, AT&T, Amprius, Boston Power, Envia systems, Sila Nanotechnologies, EnerDel, Hitachi cable and Sony.
In 2016, Mya Le Tai and Reginald Penner of UV Irvine have created a nanowire battery which can be recharged thousands of times. They found that by covering these batterie with a shell of Plexiglas-like electrolyte gel and manganese dioxide they can charge this battery over 200,000 times without degrading the performance quality and without losing any power capacity.
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