Global Nanowire Battery Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018-2025

Published - Sep 2018 | Category - Energy and Power | No. of Pages - 150 | Published By - ARC


Introduction


The Global Nanowire Battery Market has emerged with time and is anticipated to rise at substantial CAGR during the forecasted years. Several consumer electronic devices use lithium hydroxide batteries, the need for alternative technology to replace the old LiOH technology led to the development of nanowire battery. Nanowire Battery is a new technology which is explained as a battery which uses nanowires in order to increases the surface area for its electrodes. These batteries are capable of hundreds of thousands of recharges cycles and with the existence in real world, these batteries can change the future of energy storage. Electronic devices such as laptops, smartphones, and other gadgets with nanowire batteries last for longer duration than conventional batteries. This is one of the primary advantages of nanowire battery.

Market Drivers

Nanowire batteries produce 10 times more electricity than current batteries and also get charged faster. Nanowires are also used in solar cell, because it helps absorb & retain more sunlight creating resonance effect which increases the efficiency of solar cells. The research activities are being carried out, with regards to retention of sunlight to optimize the efficiency of solar cells. This is expected to boost the market for nanowire batteries. The main key drivers for boosting the nanowire battery market are portable electrical and electronic devices which include cell phones, laptops, and 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.


 

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