DUBLIN–(BUSINESS WIRE)–The “Global Nano Battery Market Research and Forecast 2022-2028” report has been added to ResearchAndMarkets.com’s offering.
The global nano battery market is growing at a considerable CAGR of 18.0%.
The increasing need and demand for efficient battery systems, rising application of carbon nanotubes in batteries are some of the prime factors affecting and driving the market. Increasing investment in batteries along with technology innovations is also estimated to be the key factor that is contributing significantly towards the growth of the market.
However, the high cost that is involved in manufacturing is the major factors constraints that are hindering the growth of the global nano battery market across the globe.
However, the growing adoption of nano batteries in consumer electronics along with rising R&D technologies in the nano battery is one of the key factors that are creating opportunities for the market. Further, new strategies in the market are likely to drive the growth of the global nano battery market.
For instance, In January 2021, Lumentum Operations LLC had done the acquisition of Coherent for around $5.7 billion. This will support Lumentum Operations LLC in order to enhance its portfolio.
Impact of COVID-19 Pandemic on the Global Nano Battery Market
The global nano battery market is hardly hit by the COVID-19 pandemic since December 2019. The COVID-19 pandemic in major economies had brought a lot of disruption. Due to the COVID-19 pandemic, the supply chain has been disturbed that has led to a decline in reaching the crude materials to end user. However, the nano battery market is steadily building its pace back and recovering.
Based on the technology, nanopore battery technology holds a significant share in the market. The nanopore battery is considered to be the rechargeable battery that is made up of nanoscale batteries organized within the pores of a substrate in billions.
The space inside the holes is considered to be small that various pores can combine equally the volume of a grain of sand. These are high power associated with high energy density along with the effective capacity of retention with charging and discharging cycling.
North America held a considerable share in 2020 in the global nano battery market. Some factors that are boosting the market growth in North America are raising research and development activities.
Additionally, increasing investment in defense and perimeter security in carbon nanotubes, technological advancement, innovation, rising investment in nanotubes are some other factors that is affecting the growth of the market.
Asia-Pacific will have Considerable Growth in the Global Nano Battery Market
Asia-Pacific region is expected to witness significant growth opportunities for the market. Increasing usage of carbon nanotubes applications related to batteries is likely to drive the growth of the regional market.
Additionally, favorable policies of the government that includes subsidies provided in the region especially in South Korea, China, and India are increasing activity to promote electric vehicles. Further, rapid income growth is also one of the factors that are affecting and impacting the growth in this market.
Market Player Outlook
Key players of the global nano battery market are BASF SE, Evonik Industries AG, Lumentum Operations LLC, Nano One Materials Corp., Toshiba Corp. among others. To survive in the market, these players adopt different marketing strategies such as product launches and acquisitions.
- 3D Nano Batteries, LLC.
- BASF SE
- ECOLOCAP SOLUTIONS
- Evonik Industries AG
- Enerdel, Inc.
- Front Edge Technology, Inc.
- Lumentum Operations LLC
- mPhase Technologies Inc.
- NEXEON LTD.
- Nano One Materials Corp.
- Nanostructured & Amorphous Materials, Inc.
- Toshiba Corp.
- Genesis Nanotechnology, Inc.
Global Nano Battery Market by Technology
- Nano Phosphate Technology
- Nanopore Battery Technology
- Lithium-Ion Technology
Global Nano Battery Market by Application
- Power tools and Industrial
- Consumer Electronics
For more information about this report visit https://www.researchandmarkets.com/r/kghtsm
Laura Wood, Senior Press Manager
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