The global nanotechnology in energy market size was valued at $139.7 million in 2020, and expected to reach $384.8 million by 2030, with global nanotechnology in energy market forecast expected at a CAGR of 10.7% from 2021 to 2030. Rapid increase in the electrical industry, increase in demand for nanotechnology in renewable energy, and high efficiency of nano-materials as compared to traditional materials are expected to create increased growth opportunities for the nanotechnology in energy market during the forecast period. In addition, in research & development toward nanomaterials and new product innovations by key players across the globe, which is expected to support growth of the nanotechnology in energy market during the forecast period.
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Production of nano particles is little dangerous for working staff as these particles can be inhaled and settle in the human body such as brain and lungs. This situation can cause significant increase in biomarkers for inflammation and stress. The above-mentioned human health issues and low consumer response are some of the primary reasons that restrain the nanotechnology in energy market growth.
On the basis of material type, the global nanotechnology in energy market is segmented into nanostructured material, carbon nanotubes, fullerene, others. The applications covered in the study include photovoltaic film coating, fuel cells and batteries, thermoelectric materials and aerogels. The end uses covered in the study include electrical, manufacturing, renewable & non-renewable energy and others.
Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Asia-Pacific and Europe.
Major companies profiled in this report include Nano Dimension, Ablynx, Advance reproductions corporation, Z-medica LLC, InMat Inc, APS material, Inc., Solarmar energy, Inc., Solar Botanic Ltd., Rogue Valley Micro, and Advanced Nanoproducts.
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Impact Of Covid-19 On The Global Nanotechnology In Energy Market
Emergence of COVID-19 had a positive impact on growth of the global market for a short period.
Increasing electricity usage and use of energy storage due to shifting working preferences is expected to boost the global market for a short span of time.
The use of nanotechnology brought improvement in contact tracing tools during the covid-19 pandemic.
Thus, the abovementioned factors are expected to support the global nanotechnology in energy market growth in current times.
Key Findings Of The Study
The Asia-Pacific nanotechnology in energy market is projected to grow at the highest CAGR of around xx%, in terms of revenue, during the forecast period.
By material type, the carbon nanotubes segment accounted for the largest market share in 2020.
On the basis of application, fuel cells and batteries segment accounted for the largest market share in 2020
On the basis of end use, the electrical segment accounted for the largest market share in 2020.
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