Press release
Nanowire Battery Market Overview Highlighting Major Drivers, Future Growth and Demand Report 2020- 2027
The global nanowire battery market is expected to reach a market size of USD 352.9 million at a relatively rapid CAGR in 2027, according to latest analysis by Emergen Research. This projected high revenue growth rate can be attributed to increasing investment by major automotive manufacturers in research and development activities for production of more cost-effective and advanced nanowire batteries. The increasing need to enhance the working capacity of cell phones and laptops on a single charge has also resulted in rising adoption of nanowire batteries for application in the equipment and devices produced in the consumer electronics industry. Technological advancement of smart wearables, smartphones, and smart homes are also increasing the need for batteries with high energy density.According to our market analysts, the global Nanowire Battery market is expected to exhibit a robust growth rate throughout the forecast period. The promising market growth can be attributed to the significant rise in product demand across the regional markets. The latest study offers a granular analysis of the market’s major developmental parameters, along with its potential business avenues and market dynamics. The document is specially curated to offer a deep understanding of the competitive terrain of the global market. It further highlights the leading market rivals, their market positions, product portfolios, gross revenue shares, profit margins, pricing analysis, sales network & distribution channels, and financial standing.
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The prominent players of the global Nanowire Battery market are expected to contribute significantly to the revenue generation owing to increasing demand for the Nanowire Battery products in the industry.
Prominent Players Profiled in the Nanowire Battery Market:
Amprius, Sila Nanotechnologies Inc., OneD Material, Inc., Nexeon Ltd., NEI Corporation, XG Sciences, LG Chem, Panasonic, Samsung SDI Co., and Enevate Corporation.
Key Highlights of Report
• In November 2020, Panasonic, which is the largest manufacturer of lithium-ion batteries in the world, signed an agreement with Equinor – a Nordic energy company – and Norsk Hydro – an engineering and industrial company. The collaboration is expected to support the development of a battery business in Northern Europe.
• The consumer electronics segment accounted for largest market share of 32.6% in 2019. Increasing need to improve the working capacity of cell phones and laptops on a single charge has increased the usage of nanowire batteries in the consumer electronics industry.
• The silicon segment revenue is expected to expand at a rapid CAGR of 33.9% during the forecast period. The high charge storage capacities of silicon nanowires has been resulting in increasing demand for silicon material-based nanowire batteries.
• North America accounted for the largest revenue share contribution to the global nanowire battery market in 2019. Increasing investment in research and development activities by automotive manufacturers for advancement and production of more cost-effective and efficient nanowire batteries is projected to drive growth of the nanowire batteries market in the region.
Nanowire Battery Market Segmentation:
Emergen Research has segmented the global nanowire battery market on the basis of application, raw material type, and region:
• Application Outlook (Revenue, USD Million; 2020–2027)
o Energy Storage
o Consumer Electronics
o Aviation
o Automotive
o Medical Devices
o Power Generation
o Others
• Raw Material Type Outlook (Revenue, USD Million; 2020–2027)
o Germanium
o Silicon
o Transition Metal oxides (manganese oxide, lead oxides anodes, heterostructure TMOs)
Key Geographical Segments:
• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Reasons to Purchase this Report:
• The report performs qualitative and quantitative analyses of the Nanowire Battery market based on both the economic and non-economic factors.
• It accurately indicates the regional segments expected to witness the fastest market growth rate.
• The report endows the reader with an in-depth understanding of the competitive landscape of the Nanowire Battery market, with the market ranking of the major players and their new product launches, partnerships, and various other business expansion strategies.
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Nanowire Battery Market Segmentation & Impact Analysis
4.1. Nanowire Battery Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Growth in the consumer electronics industry
4.2.2.2. Rising demand for advanced and cost effective batteries
4.2.2.3. Increased investment by Automotive companies for advancement of batteries
4.2.3. Market restraints analysis
4.2.3.1. High cost of Nanowire Battery
4.2.3.2. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
READ MORE…!
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Emergen Research | Web: www.emergenresearch.com
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E-mail: sales@emergenresearch.com
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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