Nanowire Battery Market Size to Reach USD 352.9 million by 2027 | Growth in the Consumer Electronics Industry and Technological Advancements in Medical Devices are Key Factors Driving Industry Growth, says Emergen Research

Nanowire Battery Market Size to Reach USD 352

Vancouver, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) — The global nanowire battery market is projected to reach a market size of USD 352.9 million at a significantly steady CAGR in 2027, according to latest analysis by Emergen Research. This projected robust revenue growth can be attributed to the excellent cycle life of nanowire batteries, and rising adoption in various industries over the recent past. The high conductivity and connectivity of nanowire batteries has been driving rising adoption in the consumer electronics industry. Increasing development and introduction of rechargeable medical devices has also been driving demand for high energy density nanowire batteries to improve the efficiency and functional duration of these devices on a single charge.Another major advantage is that graphene batteries do not explode, which is a major factor of these batteries over Li-ion batteries.  This is a key reason for higher adoption in of nanowire batteries in automotive and consumer electronics devices and industries. The increasing need to improve performance of electric vehicles, drones, medical devices, and aircraft applications is fueling high demand. Advancements in electronic devices has also been driving rising adoption of nanowire batteries due to need for higher energy density. Moreover, high storage capacities of silicon and germanium batteries as compared to batteries using existing and conventional battery technologies is another factor driving the nanowire batteries market.Claim Your FREE Sample Copy with Table of content@ https://www.emergenresearch.com/request-sample/486Key Highlights of ReportIn February 2020, Toyota Motor Corp. and Panasonic, which is the largest manufacturer of lithium-ion batteries globally, collaborated to develop a new generation of electric vehicle batteries. The joint venture named Prime Planet Energy and Solutions, is to work on prismatic batteries.The medical devices segment revenue is expected to expand at a rapid CAGR of 35.0% during the forecast period. The rising need for advanced batteries that are safer, more reliable, offer longer service life, and volumetric energy density has been driving rising adoption of nanowire batteries for production of advanced medical devices.The silicon segment revenue is expected to expand at a rapid CAGR of 33.9% during the forecast period. The excellent cycle life and high conductivity and connectivity of silicon nanowire batteries have increased its adoption in the consumer electronics industry.North America accounted for the largest revenue share contribution to the global nanowire battery market in 2019. Technological advancements in the healthcare sector and medical devices industry countries in the region is driving demand for nanowire batteries.Key players in the market include Amprius, Sila Nanotechnologies Inc., OneD Material, Inc., Nexeon Ltd, NEI Corporation, XG Sciences, LG Chem, Panasonic, Samsung SDI Co., and Enevate Corporation.Check Our Prices@ https://www.emergenresearch.com/select-license/486
Emergen Research has segmented the global nanowire battery market on the basis of application, raw material type, and region:
Application Outlook (Revenue, USD Million; 2020–2027)Energy StorageConsumer ElectronicsAviationAutomotiveMedical DevicesPower GenerationOthersRaw Material Type Outlook (Revenue, USD Million; 2020–2027)GermaniumSiliconTransition Metal Oxides (manganese oxide, lead oxides anodes, heterostructure)                      Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends:   https://www.emergenresearch.com/industry-report/nanowire-battery-marketRegional Outlook (Revenue, USD Million; 2020–2027)North AmericaU.S.CanadaEuropeGermanyU.K.FranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaRest of APACLatin AmericaBrazilRest of LATAMMiddle East & AfricaSaudi ArabiaUAERest of MEATake a Look at our Related Reports:Spherical graphite market size was valued at USD 2,435.8 Million in 2019 and is forecasted to reach USD 9,598.8 Million by 2027 at a CAGR of 18.6%. The spherical graphite market is observing a double-digit growth attributed to its increasing usage in lithium-ion battery production.Sodium dichromate market size was valued at USD 759.2 Million in 2019 and is forecasted to reach USD 1,242.4 Million by 2027 at a CAGR of 6.3%. The sodium dichromate market is observing high demand attributed to its increasing application in pigment, metal finishing, chromium compounds preparation, leather tanning, and wood preservative.Acoustic insulation market size was valued at USD 12.94 Billion in 2019 and is forecasted to reach USD 19.64 Billion by 2027 at a CAGR of 5.3%. The acoustic insulation market is observing high demand attributed to its increasing application in building & construction, automotive, aerospace, and manufacturing.About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:Eric LeeCorporate Sales SpecialistEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: sales@emergenresearch.comFacebook | LinkedIn | Twitter | BlogsRead Full Press Release@ https://www.emergenresearch.com/press-release/global-nanowire-battery-market

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