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Nanowire Battery Market to procure substantial returns from advanced medical applications

Author : Ronak Bora | Published Date : 2019-03-29 

The main key drivers for boosting the nanowire battery market are portable electrical and electronic devices which include cell phones, laptops, wearable devices. Growing demand for advanced medical applications and devices has led to innovation of new medical products which uses batteries to store energy, in turn, propelling nanowire battery market.

Several research and development organisations have invested a huge amount in developing new products collaborating with various universities for making this technology easily available to consumers. Amprius is indulged in making and launching its innovative products with the help of Stanford Universities to meet the ever changing needs and desires of the customers.

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Rising consumption of TVs, remote controllers, notebooks, laptops and electrical cars and bikes will raise the demand for nanowire battery market over the forecasted years. Low manufacturing cost involved in producing these products and its lightweight properties will be other prime reasons for augmenting the market. Recently, the product also found its application in drone and marine batteries.

Nanowire battery market can also be categorized based on its applications into portable electronic, electrical automobiles, medical implantable devices and storage for solar and wind energy. Among this, both consumer and industrial electrical devices hold the largest market share in this segment owing to increasing use of this product in remotes, laptops and mobile phones. Moreover, use of concerned product in medical devices with advancement in technology will foster nanowire battery market.

North America nanowire market is considered to be developed market and is anticipated to witness the same during the forecasted years. Increasing use of battery in several end user applications will impel the future growth. Also, developed industries in this region will try to find more applications of the product. Largely involved research and development projects with help of various Universities will fuel the industry size. Increasing pharmaceutical sector will enhance the nanowire battery market in the region.

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Europe is the second largest market for nanowire battery market and is likely to remain the same over the projected years. With the presence of large number of automotive industries the product market is expected to soar at high CAGR.  Several automobile players are involved in developing electrical cars which will raise the demand for nanowire battery market.

Global nanowire battery market is competitive in nature. Several global market leaders present include Ambri, Imprint energy, AT&T, Amprius, Boston Power, Envia systems, Sila Nanotechnologies, EnerDel, Hitachi cable and Sony.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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