Nano Battery Market to Surpass a Valuation of US$ 23,794.1 Mn by 2032 Owing to the Ongoing Automobile Modernisation: ChemView Consulting

Nano Battery Market Overview

According to a recent survey conducted by ChemView Consulting, the Global Nano Battery Market grew at a CAGR of 17.6% between 2017-2021 and is estimated to be US$ 4,722.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 19.7% and is expected to reach a valuation of US$ 28,516.4 Mn by 2032 end.

The growth in the end-use industry from consumer electronics, medical devices, portable power tools, etc., is fueling the development of the nano battery market during the forecast period.

ChemView Consulting has analyzed that The growing demand for nano-scale materials and their production methods, the prominence of portable telecommunication devices in the market, and the increasing focus on battery technology by leading companies have led to robust growth in the global nano battery market. The high-performance demand for electric and hybrid automobiles has lifted sales of batteries among these vehicles.

Nanomaterial is gaining popularity due to their numerous benefits, including increased efficiency, high power density, and desirable properties like mechanical strength, chemical stability, and low resistance to harsh conditions. However, growth in battery volumes has been slow as many challenges are associated with manufacturing nanomaterials in large-scale batteries, such as poor conductivity and electrostrictive behavior.

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Segments Covered in Report

By Product:

  • Large format modules
  • Customized batteries

By Application:

  • Medical
  • Consumer Electronics
  • Transportation
  • Others

By Technology:

  • Nano pore
  • Nano phosphate
  • Lithium-ion

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Key Takeaways from the Nano Battery Market

  • Based on the Technology, The Lithium-ion segment held the largest share of revenue in 2020, accounting for nearly half of the global nano battery market, due to the rise in demand for Li-ion batteries from several applications such as power tools, consumer electronics, aerospace & defense, and automotive.
  • Based on the application, The transportation segment is expected to hold the largest share in the nano battery market due to vehicle electrification and a rise in awareness about the benefits of electric vehicles.
  • Based on Region, the North American market held a sizeable revenue share of 40.7% in 2021. In emerging economies, rapid population development has raised the need for electric vehicles.

Competition Summary

Key companies covered in the market study are Toshiba, Sinlion Battery Tech, A123 Systems LLC, 3M Company, Front Edge Technology, mPhase Technologies Inc, Altair Nanotechnologies Inc, Evonik Industries AG, Sony Corporation, Next Alternative Inc.

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Report Key Highlights and Coverage

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.

About ChemView Consulting

ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.

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