Overview of the nanotechnology-enabled battery market
The continuously enhanced consumer spending has led to the increase in demand from consumer electronics market. Rapid urbanization and continuous rise in the per capita earning in a family have eventually encouraged consumers to spend significant portions of their disposable incomes on consumer electronics. Consumer spending is an important economic factor reflecting the overall consumer confidence in a country. This has resulted in the growth of nanotechnology-enabled batteries market. Technavio’s market research analysis identifies the enhanced consumer spending leading to increase in demand from consumer electronics segment as one of the primary driving factors for the growth of this market during the next few years. Strong income growth in Asian economies helps in the overall increase in the growth of consumer spending given the large population size of these emerging economies. This rapid rise in consumer spending is expected to contribute to the growth of the nanotechnology-enabled batteries market during the forecast period. According to Technavio’s market research report, the market is predicted to grow at a CAGR of more than 17% by 2022.
Legislative support for battery recycling is gaining traction in the market. The governments across the globe are formulating several regulations for recycling batteries having harmful materials including the lithium-ion cells to prevent groundwater and environmental contamination. Recycling helps the extraction of useful metals from the scrapped battery, eventually allowing manufacturers to overcome cost concerns in the production of new batteries. For instance, the European Union has formulated a directive for the collection and recycling of batteries. Legislative support will lead to higher rates of lithium-ion battery recycling, which will fuel the growth of the nanotechnology-enabled battery market.
Companies covered
The nanotechnology-enabled battery market is characterized by a presence of both international and regional players. With the rising legislative support for battery recycling offering considerable growth opportunities, the players are increasingly focused on expanding their product portfolio by launching innovative solutions in the nano products market. To help clients improve their revenue shares in this competitive market, Technavio’s market research report on the global nanotechnology-enabled battery market offers information about the key initiatives and strategies followed by the market players and provides an in-depth analysis of the market’s competitive landscape.
This research report provides an analysis of various companies in the global nanotechnology-enabled battery market including
- A123 Systems
- Altair Nanotechnologies
- Front Edge Technology
- Kokam
- TOSHIBA
Segmentation by application and analysis of the nanotechnology-enabled battery market
- Automotive
- Consumer products
- Others
The automotive application segment accounted for the largest market share in 2017. According to Technavio’s market research report, the segment is expected to continue its dominance throughout the forecast period.
Segmentation by geography and analysis of the nanotechnology-enabled battery market
- Americas
- APAC
- EMEA
APAC accounted for the largest share of the nanotechnology-enabled battery market in 2017. According to Technavio’s market research analysts, this regional segment is likely to continue its dominance in the market throughout the forecast period.
Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the global nanotechnology-enabled battery market?
- What are the key market trends impacting the growth of the global nanotechnology-enabled battery market?
- What are the challenges to market growth?
- Who are the key vendors in the global nanotechnology-enabled battery market?
- What are the market opportunities and threats faced by the vendors in the global nanotechnology-enabled battery market?
- What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the global nanotechnology-enabled battery market?
Technavio also offers customization on reports based on specific client requirement.