Nano Battery Market Outlook - 2030
The global nano battery market size was valued at $5.1 billion in 2020, and is expected to reach $28.1 billion by 2030, registering a CAGR of 18.6% from 2021 to 2030. Batteries manufactured using nano scale materials and components with size less than 100 nanometers are known as nano batteries. Nano batteries find applications in power portable electronic devices, such as mobile phones, digital cameras, laptops, electric vehicles, military equipment and others, owing to reduced size and weight of the batteries. Types of battery technologies in the production of nano battery include Li-ion technology, nano pore technology, and nano-phosphate technology
The growth of the global nano battery market is driven by rise in demand for energy storage systems in various applications including electronic devices, electric vehicles, military equipment, and others. In addition, use of nano materials to separate liquids in the battery from the electrodes increases the shelf life of battery, which in turn is projected to propel the demand for nano batteries from 2021 to 2030.
However, disadvantages of nano batteries such as low density, high manufacturing cost, high surface area, complex manufacturing process and others, are the key factors expected to restrain the growth of the global market in the upcoming years. On the contrary, rapid transition of conventional power generation to renewable power generation increases the need for energy storage systems, which is anticipated to provide lucrative growth opportunities for the key players to maintain their position in the market during the analyzed time frame.
The global nano battery market is segmented into technology, application, and region. Depending on technology, the market is classified into nano phosphate, nano pore, and lithium-ion. On the basis of application, it is categorized into consumer electronics, military, power tools & industrial, renewables & grid energy, transport, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global market covers in-depth information about the major nano battery industry participants. Some of the major players in the market include Naxin New Energy Technology Co., Ltd., mPhase Technologies, Front Edge Technology, A123 Systems LLC, Altairnano, Amprius Technologies, US Photonics Inc., California Lithium Battery, Sicona Battery Technology, and Kokam.
Other players operating in the value chain of the global nano battery market are Asystems, Ecolocap Solutions, EnerG2, Zpower, Genesis Nanotech, In Step Nano Power and others.
The key players are adopting numerous strategies such as product launch, agreement, partnership, acquisition, and business expansion, to stay competitive in the market.
For instance, in October 2019, Amprius Technologies partnered with Airbus Defense and Space. This partnership boosted the development of new generation batteries based on silicon nanowire anode technology. In addition, this partnership strengthened the link between these two market leaders.
The nano battery market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2021–2030. The report includes the study of the market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.
Nano battery market, by technology
By technology, the lithium-ion segment held the largest nano battery market share in 2020. This is owing to increase in demand for lithium-ion batteries from various applications including consumer electronics, power tools, aerospace & defense, renewable & grid energy storage, automotive and others. In addition, advantages of using nanotechnology in the production of lithium-ion battery such as increase in battery capacity and decrease in battery charging time, are anticipated to propel the growth of the market during the analyzed timeframe.
By Technology
Li-Ion segment is projected as the most lucrative segment.
Nano battery market, by application
On the basis of application, the military segment dominated the global market in 2020, in terms of share, and is expected to maintain its dominance through the forecast period. This growth is attributed to rise in need for efficient power electronics devices due to increase in digitalization of battlefield and reduction in size & weight of military equipment in the U.S. In addition, rise in demand for nano batteries from weapons, military vehicles, portable power, sensors, remote activation, programmable power, and backup power applications, is anticipated to fuel the growth of the market during the analyzed time frame.
By Application
Military is projected as the most lucrative segment.
Nano battery market, by region
North America garnered the highest share in the nano battery market in 2020, in terms of revenue, and is anticipated to maintain its dominance throughout the forecast period. This is attributed to numerous factors such as presence of huge consumer base and the existence of key players in the region. Moreover, rapid growth of military, electric vehicle, and renewable energy in the region are anticipated to contribute toward growth of the market in North America.
By Region
North America holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.
COVID-19 impact on the market
Lockdown imposed due to the outbreak of COVID-19 pandemic resulted in temporary ban on import & export and manufacturing & processing activities across various industries, which decreased the demand for nano batteries from these consumers. This resulted in decline in market growth in the second, third, and fourth quarters of 2020. However, the nano battery market is expected to recover by the second quarter of 2021 as COVID-19 vaccination has started in various economies across the globe, which is expected to improve the global economy.
Key Benefits For Stakeholders
- The report provides an extensive qualitative and quantitative analysis of the current nano battery market trends and future estimations from 2021 to 2030 to determine the prevailing global nano battery market opportunities.
- A comprehensive nano battery market analysis of the factors that drive and restrict the market growth is provided.
- Estimations and nano battery market forecast are based on factors impacting the market growth, in terms of value.
- Profiles of leading players operating in the market of nano battery are provided to understand the global competitive scenario.
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable nano battery market growth.
Key Market Segments
By Technology
- Nano Phosphate
- Nano Pore
- Lithium-ion
By Application
- Consumer Electronics
- Military
- Power Tools & Industrial
- Renewables & Grid Energy
- Transport
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Nano Battery Market Report Highlights
| Aspects | Details |
 By TECHNOLOGY |
|
 By APPLICATION |
|
 By Region |
|
 Key Market Players | NAXIN NEW ENERGY TECHNOLOGY CO., LTD., AMPRIUS TECHNOLOGIES, mPHASE TECHNOLOGIES, A123 SYSTEMS LLC, FRONT EDGE TECHNOLOGY, SOLAREDGE TECHNOLOGIES LTD., U.S. PHOTONICS INCORPORATED, CALIFORNIA LITHIUM BATTERY, ALTAIRNANO, SICONA BATTERY TECHNOLOGIES |
Analyst Review
Rapid industrialization and growth of the energy storage sector is the key factor attributed to the leading position of North America and Asia-Pacific region in the global nano battery market. The Asia-Pacific region is further expected to provide lucrative opportunities to leading nano battery manufacturers, owing to its huge potential to set up manufacturing plants and surge in demand for energy storage systems.
Advantages associated with nanotechnology in the manufacturing of batteries and rise in demand for nano batteries from various end-use industries are the key factors driving the growth of the global nano battery market during the forecast period. However, difficulties associated with manufacturing of nano materials used in batteries is expected to hamper the growth of the market during the analyzed time frame. On the contrary, rise in investment and R&D toward nano scale components in battery technology is anticipated to provide remunerative opportunity for the key players to maintain the pace in the nano battery market in the upcoming years.
Among the analyzed regions, North America is expected to account for the highest revenue in the market by the end of 2030, followed by Asia-Pacific, Europe, and LAMEA.
Partnership, product launch and collaboration are the key growth strategies of nano battery market players.
North America and Asia-Pacific will provide more business opportunities for nano battery in future.
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Potential customers of nano battery industry are consumer electronics, military, power tools & industrial, renewables & grid energy, transport, and others.
Naxin New Energy Technology Co., Ltd., mPhase Technologies, Front Edge Technology, A123 Systems LLC, Altairnano, Amprius Technologies, US Photonics Inc., California Lithium Battery, Sicona Battery Technology, and Kokam are leading global players in the nano battery market.
The top ten market players are selected based on two key attributes - competitive strength and market positioning
On the basis of technology, lithium-ion technology holds maximum share of the market. By application, military segment holds maximum share of the market.
The key benefits of the global nano battery market are information on key trends, market size & forecast, top players and their development strategies, and others.
Rise in investment and R&D towards nano scale components in battery technology are the current trends will influence the nano battery market in the next few years.
Advantages associated with nanotechnology in the manufacturing of batteries and Rise in demand for nano batteries from various end use industries are key factors drives the nano battery market growth during the forecast period.
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