Nanowire battery is defined as a technology which uses nanowire in order to increase the surface area of its electrodes. They can provide good strain relaxation and better interface control, thus providing an enhanced lifecycle. Nanowire batteries have the special ability to expand four times their original size when charged without fracturing.
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The increase in demand for batteries with high charge retention capacity is a key driving factor which expected to boost the global nanowire batteries market growth. Furthermore, the growing expenditure on research and development activities by automotive companies will positively influence the market growth. Also, the rise in penetration of portable electric and electronic devices which include laptops, cell phones, and wearable devices will significantly drive the demand of nanowire batteries in the market in near future. Moreover, the growing demand for advanced medical devices has led to the innovation of new medical products which uses batteries to store energy is expected to propel the market growth.
The presence of substitute battery technologies expected to hamper the global nanowire batteries market growth over the forecast period. Also, the high volume change of silicon nanowire during charge and discharge cycles may affect the market growth.
Market Key Players
Various key players are discussed in this report such as Ambri Inc., Boston-Power, Inc., Imprint Energy, Inc., Xilectric Inc., Amprius, Inc., Quantumscape Corporation, Prieto Battery Inc., Envia Systems Inc., Sila Nanotechnologies Inc., Enerdel, Inc., etc.
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