Batteries which use nanowires to increase the surface area of its electrodes are known as Nanowire batteries. Nanowires are structures that have a thickness of constrained or unconstrained length. Some (Silicon, Germanium and Transition metal oxides) are the variations of the lithium-ion battery. These nanowires replace the traditional graphite anode and could potentially improve battery performance. There is high scope for the Nanowire Battery Market during 2016-2021.
Scope and Regional Forecast of the Nanowire Battery Market:
According to the IndustryARC research analysis studies on the Nanowire Battery Market, Its replacement capacity and applications are estimated to drive the market growth. Reduction in the size of the battery and the problem of explosions due to high storage in previous batteries had overcome through nanowire batteries which would result in further expansion of market.
There is high demand for the Nanowire Battery Market, since these devices last for longer duration than the conventional batteries that have applications in laptops, cellphones and other electronic devices. There is increasing market for the batteries with longer life and performance for vehicles such as electric vehicles and hybrid vehicles and for electronic devices through 2021.
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North America is the leading region in the Nanowire Battery Market due to the rise in investment in this market and it is closely followed by Europe. Asia Pacific has high scope for growth and sales due to the presence of emerging economies such as China and India in the region.
Segmentation and Key Players of the Nanowire Battery Market:
The Nanowire Battery Market is segmented into various categories in the IndustryARC marketing research report by type, by application and by geography.
By type: metallic, semiconducting, insulating and molecular
By application: energy generation, consumer products (mobile phones, laptops, music players and digital cameras) and remote controller
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Nanowire Battery Market according to the IndustryARC research report are as follows:
• Quantum Cape Corporation
• Pellion Technologies
• Sila Nanotechnologies Inc.
• Imprint energy Inc.
• Sony Corporation
The Nanowire Battery Market is a rapidly growing market with high demand for due to increasing scope for emerging technologies for battery and energy for various end user applications across the globe. This market is expected to witness high growth due to high investment by companies for battery breakthrough such as silicon nanowire and copper nanowire batteries in various regions across the globe during 2016-2021.
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