Nanowire battery is a technology that uses nanowire in order to increase the surface area of its electrodes. Nanowires are structures whose diameter ranges in tens of nanometers or less. Nanowires can offer good strain relaxation and better interface control, thus providing an enhanced lifecycle. These wires have the special ability to expand four times their original size when charged without fracturing. In comparison to conventional battery, the graphite anode is replaced with these nanowires to improve the battery performance. Lithium ion is a nanowire battery, which uses stainless steel anode covered by silicon nanowires. Lithium is stored in small silicon nanowires which have the diameter of 0.001 smaller than that of a sheet of paper. Germanium anodes can also be used to replace graphite anodes.
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. 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. Nanowire batteries are likely to transform the electronics market in the next few years owing to their distinctive characteristics of faster charging and longer durability.
Nanowire batteries with stainless steel or germanium anodes face a disadvantage of undergoing expansion when charged. They are also likely to get disintegrated after certain number of cycles of use. Nanowire batteries are susceptible to the edge effect. The conductivity of the battery can be affected if the bonding between the neighboring atoms on the surface of the nanowire is weak. This is called the edge effect. This is projected to be one of the restraints of the nanowire battery market. Considering the numerous advantages that nanowire batteries provide, researchers all over the world are striving to solve the minor disadvantages associated with them by coating nanowires with a certain type of a gel.
Based on end-use application, the nanowire battery market can be segmented into consumer electronics devices, healthcare, automotive, energy storage, power generation, and others. Solar cells and solar energy devices is one of the important industrial applications of the nanowire battery. Nanowire batteries can be used in various applications in the electronics field such as smart cards, power remote sensors, display screens, and flexible electronics. Nanowire batteries can also be employed in biomedical implant devices, where the battery needs to be charged while remaining implanted. Nanowires are also used largely in electric vehicles.
Research is being carried out to use light-absorbing nanowires embedded in a flexible polymer film to produce low-cost flexible solar panels. These solar panels can be employed in household applications. Researchers have developed improved nano generators with power sensors based on nanowires. These are self-powered sensing devices, which are able to generate the power within the range of nanometers.
Based on geography, the nanowire battery market can be divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America accounts for the major share of the nanowire battery market due to the increasing significance of nanotechnology and the rising need to conserve energy. Led by the expansion of manufacturing industries in China and Japan, Asia Pacific also contributes to significant share of the nanowire battery market.
Key players operating in the nanowire battery market are Ambri Inc., Imprint Energy Inc., Amprius Inc., XilectricInc., Boston Power Inc., Prieto Battery Inc., EnerDel Inc., Envia Systems Inc., Sila Nanotechnologies Inc., Alveo Energy Inc., and Quantumscape Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.