Nanowire Battery Market to gain remarkable traction from electrical automobiles applications
Category: #business  By Partha Ray  Date: 2019-08-14
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Nanowire Battery Market to gain remarkable traction from electrical automobiles applications

Nanowire battery market can also be categorized based on its applications into portable electronic, electrical automobiles, medical implantable devices and storage for solar and wind energy. Among this, both consumer and industrial electrical devices hold the largest market share in this segment owing to increasing use of this product in remotes, laptops and mobile phones. Moreover, use of concerned product in medical devices with advancement in technology will foster nanowire battery market.

On the basis of its type nanowire battery is segmented into metallic, semiconducting, insulating and molecular. On the basis of the raw materials used, it is divided into silicon, germanium and transition metal oxides. Further, transition oxides are divided into lead oxides anode, manganese oxide and hetero-structure TMOs. Among this silicon and germanium are widely used in this product high charge capacity and low discharge capacity. Using these materials enables faster charging and lasts longer than previous batteries.

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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.

Several research and development organisations have invested a huge amount in developing new products collaborating with various universities for making this technology easily available to consumers. Amprius is indulged in making and launching its innovative products with the help of Stanford Universities to meet the ever changing needs and desires of the customers.

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.

North America nanowire market is considered to be developed market and is anticipated to witness the same during the forecasted years. Increasing use of battery in several end user applications will impel the future growth. Also, developed industries in this region will try to find more applications of the product. Largely involved research and development projects with help of various Universities will fuel the industry size. Increasing pharmaceutical sector will enhance the nanowire battery market in the region.

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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.

Methodology used in the Report –

Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:

  • Definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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