Nanotechnology in Energy Market to Reach $384.8 Mn, Globally, by 2030 at 10.7% CAGR: Allied Market Research
Increasing demand for nanotechnology in renewable energy and rising applications of nanotechnology in fuel cells drive the growth of the global nanotechnology in energy market
PORTLAND, Ore., Sept. 13, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Nanotechnology in Energy Market by Material Type (Nanostructured Material, Carbon Nanotubes, Fullerene, Others), Application (Photovoltaic Film Coating, Fuel cells and Batteries, Thermoelectric Materials, Aerogels) and End Use (Electrical, Manufacturing, Renewable & Non-renewable energy and other applications): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global nanotechnology in energy industry was estimated at $139.7 million in 2020, and is anticipated to hit $384.8 million by 2030, registering a CAGR of 10.7% from 2021 to 2030.
Drivers, restraints, and opportunities-
Increasing demand for nanotechnology in renewable energy and rising applications of nanotechnology in fuel cells drive the growth of the global nanotechnology in energy market. On the other hand, several environmental and health concerns associated with nanotechnology impede the growth to some extent. However, highly advanced transport infrastructure in the developing regions is expected to pave the way for lucrative opportunities in the future.
Download Sample PDF (240 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/5588
COVID-19 scenario-
- Rise in electricity usage and use of energy storage due to shifting working preferences during the pandemic has propelled the market growth for a short span of time.
- At the same time, use of nanotechnology has brought improvement in contact tracing tools during the pandemic, thereby boosting the global nanotechnology in energy market.
The carbon nanotubes segment to dominate by 2030-
Based on material type, the carbon nanotubes segment accounted for nearly two-fifths of the global nanotechnology in energy market share in 2020, and is expected to lead the trail by the end of 2030. Carbon nanotubes are one type of nanostructured materials that possess favorable electrical and mechanical properties because of one dimension confinement, combined with surface properties. It has increased the demand for CNTs in energy storage devices, nanotransistors, actuators, electron field emission, and biological sensing devices. Carbon based nanomaterial are used as an electrode material which is abundant in nature and economically cheap. It can also be used in the production of super capacitors. These factors fuel the growth of the segment. The fullerene segment, on the other hand, would cite the fastest CAGR of 11.2% from 2021 to 2030.
Get detailed COVID-19 impact analysis on the Nanotechnology in Energy Market: https://www.alliedmarketresearch.com/request-for-customization/5588?reqfor=covid
The fuel cells and batteries segment to maintain the dominant share-
Based on application, the fuel cells and batteries segment contributed to more than one-third of the global nanotechnology in energy market revenue in 2020, and is projected to dominate by 2030. The same segment would also grow at the fastest CAGR of 11.5% from 2021 to 2030. This is due to rapidly increasing demand for energy storage devices and lithium iron batteries.
Asia-Pacific, followed by North America, garnered the major share in 2020-
Based on geography, Asia-Pacific, followed by North America, garnered the highest share in 2020, holding more than one-third of the global nanotechnology in energy market. This is because this province booms with a huge potential for nanotechnology as Asia-Pacific has huge population. Simultaneously, the market across LAMEA would showcase the fastest CAGR of 11.5% during the forecast period. In Saudi Arabia, there are a number of oil fields and to cope with the rapid change in the environment a project "Helios Green Fuels" was launched with a market value estimated nearly $700 billion by 2050. In this project, factors such as storage of excess energy in the form of hydrogen called for nanomaterial to make it more economical. This factor drives the market growth in the region.
Interested in Procure Data? Visit Here: https://alliedmarketresearch.com/nanotechnology-in-energy-market/purchase-options
Key players in the industry-
- Ablynx
- Advanced Nanoproducts
- Advance reproductions corporation
- InMat Inc
- APS material, Inc.
- Solarmar energy, Inc.
- Nano Dimension
- Solar Botanic Ltd.
- Rogue Valley Micro
- Z-medica LLC
Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Similar Reports We Have:
Fuel cell market is expected to reach $8,643 million by 2022 at a CAGR of 17.36% from 2016 to 2022.
Pre-Book Now with 10% Discount:
Fuel Cell Technology Market - Global Opportunity Analysis and Industry Forecast, 2021-2028
Stationary Fuel Cell Market: Global Opportunity Analysis and Industry Forecast 2020-2027
Thermoelectric Generator Market- Global Opportunity Analysis and Industry Forecast, 2021-2028
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow us on: LinkedInTwitter
SOURCE Allied Market Research
Share this article