Global Nano Battery Market Research and Forecast 2022-2028

Global Nano Battery Market Research By Technology (Nano Phosphate Technology, Nanopore Battery Technology, and Lithium-Ion Technology), and By Application (Power Tools and Industrial, Military, Transport, Consumer Electronics and Other) Forecast Period 2022-2028

The global nano battery market is growing at a considerable CAGR of 18.0% during the forecast period. The increasing need and demand for efficient battery systems, rising application of carbon nanotubes in batteries are some of the prime factors affecting and driving the market. Increasing investment in batteries along with technology innovations is also estimated to be the key factor that is contributing significantly towards the growth of the market. However, the high cost that is involved in manufacturing is the major factors constraints that are hindering the growth of the global nano battery market across the globe.

However, the growing adoption of nano batteries in consumer electronics along with rising R&D technologies in the nano battery is one of the key factors that are creating opportunities for the market. Further, new strategies in the market are likely to drive the growth of the global nano battery market. For instance, In January 2021, Lumentum Operations LLC had done the acquisition of Coherent for around $5.7 billion. This will support Lumentum Operations LLC in order to enhance its portfolio.

Impact of COVID-19 Pandemic on the Global Nano Battery Market

The global nano battery market is hardly hit by the COVID-19 pandemic since December 2019. The COVID-19 pandemic in major economies had brought a lot of disruption. Due to the COVID-19 pandemic, the supply chain has been disturbed that has led to a decline in reaching the crude materials to end user. However, the nano battery market is steadily building its pace back and recovering.

Segmental Outlook

The market is segmented based on technology and application. Based on technology, the market is segmented into nano phosphate technology, nanopore battery technology, and lithium-ion technology. By application, the market is segmented into power tools and industrial, military, transport, consumer electronics, and others.

Global Nano Battery Market Share by Technology 2020 (%)

Global Nano Battery Market Share by Technology

Based on the technology, nanopore battery technology holds a significant share in the market. The nanopore battery is considered to be the rechargeable battery that is made up of nanoscale batteries organized within the pores of a substrate in billions. The space inside the holes is considered to be small that various pores can combine equally the volume of a grain of sand. These are high power associated with high energy density along with the effective capacity of retention with charging and discharging cycling.

Regional Outlooks

The global nano battery market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America held a considerable share in 2020 in the global nano battery market. Some factors that are boosting the market growth in North America are raising research and development activities. Additionally, increasing investment in defense and perimeter security in carbon nanotubes, technological advancement, innovation, rising investment in nanotubes are some other factors that is affecting the growth of the market.

Global Nano Battery Market, by Region 2022-2028

Global Nano Battery Market, by Region

Asia-Pacific will have Considerable Growth in the Global Nano Battery Market

Asia-Pacific region is expected to witness significant growth opportunities for the market. Increasing usage of carbon nanotubes applications related to batteries is likely to drive the growth of the regional market. Additionally, favorable policies of the government that includes subsidies provided in the region especially in South Korea, China, and India are increasing activity to promote electric vehicles. Further, rapid income growth is also one of the factors that are affecting and impacting the growth in this market.

Market Player Outlook

Key players of the global nano battery market are BASF SE, Evonik Industries AG, Lumentum Operations LLC, Nano One Materials Corp., Toshiba Corp. among others. To survive in the market, these players adopt different marketing strategies such as product launches and acquisitions. For instance, In December 2020, the University of California San Diego along with Zpower had developed rechargeable battery that is considered to be 5 to 10 times having greater areal energy density. This could be used in electronics that include wearable along with soft robotics.

In April 2019, mPhase Technologies Inc. had announced that it had done the acquisition of AIRobotica Services Ltd. in order to expand its portfolio by including artificial intelligence (AI) and machine learning (ML) through the acquired company.

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global nano battery market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where in the market.