Enjoy complimentary customisation on priority with our Enterprise License!
The nanobatteries market share is expected to increase by USD 1.86 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 18.41%.
This nanobatteries market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers nanobatteries market segmentation by technology (nanophosphate, nanopore, and lithium ion) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The nanobatteries market report also offers information on several market vendors, including 6K Inc., A123 Systems LLC, Altairnano, Contour Advanced Systems BV, Front Edge Technology Inc., Group14 Technologies Inc., HPQ Silicon Resources Inc., InStep NanoPower LLC, James Cropper plc, Log9 Materials, mPhase Technologies Inc., Nano One Materials Corp., Nanoramic Laboratories, Nanostructured and Amorphous Materials Inc., Naxin New Energy Technology Co. Ltd., Sila Nanotechnologies Inc., StoreDot Ltd., Toshiba Corp., and ZPower LLC among others.
Download the Free Report Sample to Unlock the Nanobatteries Market Size for the Forecast Period and Other Important Statistics
The fast charging and high power is notably driving the nanobatteries market growth, although factors such as the high cost of production may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the nanobatteries industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Nanobatteries Market Driver
Fast charging and high power are some of the factors supporting the nanobatteries market growth. Using nanotechnology to manufacture batteries offers the benefits such as a surge in the power capacity of the battery and a decrease in the time required to recharge a battery. These benefits are achieved by coating the surface of an electrode with nanoparticles. This coating increases the surface area of the electrode, which further allows more current to flow between the electrode and the chemicals inside the battery. Furthermore, the use of nanotechnology in batteries could increase the efficiency of hybrid vehicles by significantly reducing the weight of the batteries needed to provide adequate power and also help in the improvement of the vehicle range. Thus, the aforementioned factors are expected to proliferate the market in focus during the forecast period.
Key Nanobatteries Market Trend
The rapid development of electrified luxury vehicles is another factor supporting the nanobatteries market growth. Electrified vehicles are gaining popularity among luxury vehicle manufacturers. In August 2020, BMW launched 10 electrified vehicle models. Furthermore, the company has announced its plans to launch 25 electrified vehicles by 2025. Daimler, Volvo Car, and Jaguar Land Rover Automotive are among other manufacturers that have invested in electrified vehicles. Supercar manufacturers are also investing in electrifying their vehicles. For instance, in 2019, Koenigsegg Automotive AB and National Electric Vehicle Sweden AB invested approximately $171 million in developing new electric car models. Thus, the rapid adoption and development of luxury electric vehicles are expected to increase the adoption of nanobatteries in them, which will drive market growth in the forecast period.
Key Nanobatteries Market Challenge
The high cost of production is one of the factors hindering the nanobatteries market growth. Nanomaterials can be difficult to manufacture due to the requirement of several advanced technologies, which further increases their cost of manufacturing. On the other hand, they pose several risks to human health. The nanoparticles that form the nanobatteries are of small size, they can be readily absorbed by the human body as compared to larger particles. This is especially when they are damaged and exposed to human beings for a long time. Thus, probing the behavior of these particles inside the human body is of great importance. Due to this, the nanobatteries require a special layer of coating and also proper decomposition after use. While nanomaterials may greatly improve the abilities of a battery, they may be cost-prohibitive to make. Thus, hindering the market growth in the forecast period.
This nanobatteries market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global nanobatteries market as a part of the global renewable electricity market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the nanobatteries market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the nanobatteries market encompasses successful business strategies deployed by the key vendors. The nanobatteries market is fragmented and the vendors are deploying growth strategies such as adding technologically advanced features in their current products to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The nanobatteries market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the nanobatteries market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
38% of the market's growth will originate from North America during the forecast period. The US is the key market for nanobatteries market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.
The presence of a huge consumer base and key market players will facilitate the nanobatteries market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in the region, however, forced the regional governments to impose lockdowns, which resulted in a temporary ban on the import and export and manufacturing and processing activities across various industries. However, the nanobatteries market has recovered in the Q2 of 2021 with the initiation of COVID-19 vaccination in various economies, which is expected to improve the global economy and, subsequently, the nanobatteries market during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The nanobatteries market share growth by the nanophosphate segment will be significant during the forecast period. The nanophosphate segment captured the largest market share in the global nanobatteries market in 2021 due to its high power capacity and less charging time. Furthermore, nanophosphate particles are able to avoid convectional nanotechnologies toxicity and adhere to the Environmental Protection Standards (EPS). This advantage is expected to further drive the growth of the segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the nanobatteries market size and actionable market insights on post COVID-19 impact on each segment.
Lithium-ion Battery market - The market share has the potential to grow by USD 58.05 billion during 2020-2025, and the market's growth momentum will accelerate at a CAGR of 32.65%.
Flat Lithium-ion (Li-ion) Battery market - The market share is expected to increase by USD 15.44 billion from 2021 to 2026, at an accelerating CAGR of 11.44%.
Nanobatteries Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 18.41% |
Market growth 2022-2026 |
$ 1.86 billion |
Market structure |
Fragmented |
YoY growth (%) |
16.97 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 38% |
Key consumer countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
6K Inc., A123 Systems LLC, Altairnano, Contour Advanced Systems BV, Front Edge Technology Inc., Group14 Technologies Inc., HPQ Silicon Resources Inc., InStep NanoPower LLC, James Cropper plc, Log9 Materials, mPhase Technologies Inc., Nano One Materials Corp., Nanoramic Laboratories, Nanostructured and Amorphous Materials Inc., Naxin New Energy Technology Co. Ltd. , Sila Nanotechnologies Inc., StoreDot Ltd., Toshiba Corp., and ZPower LLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Technology
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.