(MENAFN- iCrowdNewsWire) Nanowire Battery Market Is Set for a Rapid Growth and Expected to Reach at High Pace by 2023 | Top Players: Boston Power Inc., Prieto Battery Inc.
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iCrowdNewswire Jan 21, 2021 5:09 PM ET
Market Research Future published a research report on ' Nanowire Battery Market Research Report Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023
Market Research Future (MRFR) reports that the global nanowire battery market is set to soar at a high growth rate throughout the forecast period (2016-2022). Nanowires are structures that have a diameter of tens of nanometers or less. The surface area of the electrodes of a normal battery is increased through the use of nanowires; which is then called a nanowire battery.
Market Drivers and Restraints
The key drivers bolstering the nanowire battery market are portable electrical and electronic devices that include cell phones, laptops, wearable devices. Increasing demand for advanced medical applications and devices has resulted in constant innovation of new medical products which uses batteries to store energy, in turn, propelling nanowire battery market.
Low manufacturing cost for producing these products and its lightweight properties are bound to be other prime reasons for propelling the market growth. Presently, the product is also making its way into applications in drone and marine batteries.
Market Segmentation
The global nanowire battery market is segmented based on applications and regions.
Applications of nanowire battery are consumer electronics devices, automotive, healthcare, energy storage, power generation and others. Among this, electronics devices segment holds the largest market share owing to increasing use of this product in remotes, laptops, and mobile phones. Whereas, use of concerned product in medical devices with advancement in technology will bolster the nanowire battery market
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Key Players
The prominent players making name in the global market are Boston Power Inc. (U.S.), Prieto Battery Inc. (U.S.), Imprint energy Inc. (U.S.), Ambri Inc. (U.S.), Xilectric Inc. (U.S.), Amprius Inc. (U.S.), Pellion Technologies (U.S.), EnerDel, Inc. (U.S.), Envia Systems Inc. (U.S.), Sila Nanotechnologies Inc. (U.S.) and others.
Regional Analysis
The regional segmentation of the global market is based on North America, Europe, Asia Pacific (APAC) and the Rest of the World.
Globally, North America has claimed the largest market share backed by the presence of global players, especially in the United States (U.S) and Canada. Immensely involved research and development projects with the help of several universities will augment the market size. Thriving pharmaceutical sector will also enhance the nanowire battery market in the region.
The report also states that APAC stands at the second position globally due to the strong presence of manufacturers in China and Japan. Moreover, escalating population and growing economy in emerging nations in the region have intensified the demand from both consumer and industrial electronic devices.
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TABLE OF CONTENTS:
Market Introduction Research Methodology Market Dynamics Executive Summary Market Factor Analysis Nanowire Battery Market, By Segments Competitive Analysis Continued…
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