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Nanowire Battery Market by Material Type (Silicon, Germanium, Transition Metal Oxides, Gold), Industry (Consumer Electronics, Automotive, Aviation, Energy, Medical Devices), and Region (North America, Europe, APAC, RoW) – Global Forecast to 2026

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Date: 26-Jul-2019
No. of pages: 122
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“Nanowire battery market to exhibit significant growth during 2021–2026”

The nanowire battery market is estimated to grow from USD 53 million in 2021 to USD 243 million by 2026, at a CAGR of 35.7%. The key factors driving the growth of the market include rising demand for batteries with high charge retention capacity, increasing expenditure on R&D activities by automotive companies, and growing consumer electronics industry. However, the high volume change of silicon nanowires during charge and discharge cycles is the key restraining factor for market growth.

“Silicon-based nanowire battery market to witness high growth potential during the forecast period”

Nanowire battery market for silicon is expected to grow at the highest CAGR during the forecast period. Silicon has emerged as the most promising anode material owing to its high charge retention capacity, low discharge capacity, and low cost. Silicon enables fast charging and lasts longer than lithium-ion batteries. Need for a longer battery lifetime and faster recharging time are the growing trends in the existing battery ecosystem. Moreover, growing electric mobility and miniaturization of consumer electronics has created an urgent requirement for advanced energy storage for batteries.

“Nanowire battery market in medical devices industry to grow at the highest CAGR during the forecast period“

The nanowire battery market in the medical devices industry is expected to grow at the highest CAGR during the forecast period. Nowadays, innovations are taking place in the healthcare industry. Advanced battery-operated medical devices, such as pacemakers and hearing aids, are being designed to improve the overall health and well-being of their users. However, these implantable devices use lithium-ion batteries as power sources, which present a considerable number of safety issues to the patients. Nanowire batteries are lighter, safer, and have more energy density, and are expected to replace lithium-ion batteries in implantable devices in the coming years.

“North America to be the largest market for nanowire battery during the forecast period”

North America is expected to lead the nanowire battery market from 2021 to 2026. The high adoption rate of EVs in the US, increasing emphasis on power generation from renewable energy sources, and the presence of a favorable startup ecosystem are key factors driving the growth of the nanowire battery market in North America. In April 2019, Sila Nanotechnologies (US), a leading nanowire battery manufacturing startup, raised venture funding of USD 170 million. The US is one of the most attractive markets for nanowire batteries, one of the key reasons being the increasing demand for electric vehicles (EVs) in the country. The high adoption rate of EVs in the US is expected to fuel the demand for nanowire batteries in the coming 4-5 years. In 2018, the country witnessed a sharp rise of 81% in the sales of EVs compared with the previous year.

Profile break-up of primary participants for the report is given below:


  • By Company Type –Tier 1 =40%, Tier 2 =35%, and Tier 3 =25%

  • By Designation – C Level =48%, Director Level =33%, and Manager Level =19%

  • By Region– North America=35%, Europe =18%, APAC =40%, and RoW =7%


The key players in the market include Amprius (US), Sila Nanotechnologies (US), OneD Material (US), Nexeon (UK), NEI Corporation (US), XG Sciences (US), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), Enevate (US), ACS Materials (US), Novarials Corporation (US), Boston Power (US), Lithium Werks (Netherlands), and Targray (Canada).

The global nanowire battery market is segmented into material type, industry, and geography. The market based on material type is segmented into silicon, germanium, transition metal oxides, and gold. The industries that are included in the study of the nanowire battery market include consumer electronics, automotive, aviation, energy, and medical devices. The nanowire battery market is segmented into four regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).

Reasons to buy the report:


  • Illustrative segmentation, analysis, and forecast for markets based on material type, industry, and region have been conducted to give an overall view of the nanowire battery market.

  • The value chain analysis has been performed to provide an in-depth insight into the nanowire battery market.

  • Major drivers, restraints, opportunities, and challenges for the nanowire battery market have been detailed in this report.

  • The report includes a detailed competitive landscape along with key players, in-depth analysis, and revenue of key players.

Nanowire Battery Market by Material Type (Silicon, Germanium, Transition Metal Oxides, Gold), Industry (Consumer Electronics, Automotive, Aviation, Energy, Medical Devices), and Region (North America, Europe, APAC, RoW) – Global Forecast to 2026

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Market Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Key Data From Primary Sources
2.2 Secondary and Primary Research
2.2.1.1 Key Industry Insights
2.2.1.2 Breakdown of Primaries
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.1.1 Approach for Arriving at Market Share By Bottom-Up Analysis (Demand Side)
2.3.2 Top-Down Approach
2.3.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Nanowire Battery Market, 2021–2026 (USD Million)
4.2 Nanowire Battery Market, By Material Type
4.3 Nanowire Battery Market, By Industry and Region
4.4 Nanowire Battery Market, By Geography

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Demand for Batteries With High Charge Retention Capacity
5.2.1.2 Increasing Expenditure on R&D Activities By Automotive Companies
5.2.1.3 Growing Consumer Electronics Industry
5.2.2 Restraints
5.2.2.1 High Volume Change of Silicon Nanowires During Charge and Discharge Cycles
5.2.3 Opportunities
5.2.3.1 Emergence of Electric Vehicles
5.2.3.2 Need for High-Performance Batteries in Electric Grid Storage Applications
5.2.4 Challenges
5.2.4.1 Presence of Substitute Battery Technologies
5.2.4.2 Operational Obligations Such as Conducting Pilot and Safety Tests
5.3 Value Chain Analysis
5.4 Emerging Battery Technologies
5.4.1 Solid State Battery
5.4.1.1 Need for Safer and Lighter Batteries Drives Demand for Solid State Batteries
5.4.2 Lithium-Metal Battery
5.4.2.1 Lithium-Metal Batteries Offer Better Performance Than That of Lithium-Ion Batteries
5.4.3 Lithium-Air Battery
5.4.3.1 Lithium-Air Battery is Expected to Be Ideal Option to Replace Lithium-Ion Batteries
5.4.4 Aluminum-Air Battery
5.4.4.1 Rise in Adoption of Batteries With High Energy Density Makes Aluminum-Air Battery Attractive Substitute
5.4.5 Graphene Battery
5.4.5.1 Requirement for Fast-Charging Batteries Fuels Market for Graphene Battery Technology

6 Components Used in Nanowire Batteries
6.1 Introduction
6.2 Common Cathode Materials
6.2.1 Lithium Iron Phosphate
6.2.2 Lithium Cobalt Oxide
6.2.3 Lithium Nickel Manganese Cobalt
6.2.4 Lithium Nickel Cobalt Aluminum
6.3 Common Anode Materials
6.3.1 Low-Charge Retention Capacity of Graphite Drives Demand for Substitute Anode Materials for Nanowire Batteries
6.4 Electrolytes
6.4.1 Growing Demand for Batteries With Higher Charge Retention Capacities Fuel Need for Efficient Electrolytes
6.5 Separators
6.5.1 Battery Separator is Essential for Safe Functioning of Nanowire Batteries
6.6 Other Materials
6.6.1 Supporting Material Plays A Crucial Role in Nanowire Battery Manufacturing Process

7 Nanowire Battery Market, By Material
7.1 Introduction
7.2 Silicon
7.2.1 High-Charge Retention Capacity of Silicon Makes It an Ideal Anode Material for Nanowire Batteries
7.2.1.1 Advantages of Silicon
7.2.1.2 Disadvantages of Silicon
7.3 Germanium
7.3.1 Stable Electrical Conductivity of Germanium Fuels Its Demand for Nanowire Batteries
7.3.1.1 Advantages of Germanium
7.3.1.2 Disadvantages of Germanium
7.4 Transition Metal Oxides
7.4.1 Transition Metal Oxides Offer Great Potential for Nanowire Batteries When Used as Anodes
7.4.1.1 Advantages of Transition Metal Oxides
7.4.1.2 Disadvantages of Transition Metal Oxides
7.5 Gold
7.5.1 Gold as an Anode Material Offer High Storage Capacity for Nanowire Batteries
7.5.1.1 Advantages of Gold Nanowires
7.5.1.2 Disadvantages of Gold Nanowires

8 Nanowire Battery Market, By Industry
8.1 Introduction
8.2 Consumer Electronics
8.2.1 Smartphones
8.2.1.1 High Demand for Smartphones With Longer Run Time to Fuel Growth of Nanowire Battery Market
8.2.2 Laptops
8.2.2.1 Penetration of Emerging Battery Technologies in Laptops Opened New Growth Opportunities
8.2.3 Digital Cameras
8.2.3.1 Advancements in Digital Technology has Significantly Changed Power Requirements for Digital Cameras
8.2.4 Wearables
8.2.4.1 Exponential Rise in Demand for Wearable Devices Expected to Boost Nanowire Battery Market
8.3 Automotive
8.3.1 Battery Electric Vehicles (BEV)
8.3.1.1 Growing Use of Electric Vehicles to Boost Demand for Nanowire Batteries
8.3.2 Plug-In Hybrid Electric Vehicles (PHEVs)
8.3.2.1 Rising Market for PHEVs to Surge Demand for Nanowire Batteries
8.4 Aviation
8.4.1 Drones
8.4.1.1 Nanowire Battery—Excellent Option for Powering Commercial Drones
8.5 Energy
8.5.1 Power Storage
8.5.1.1 Transition From Non-Renewable to Renewable Sources Makes Nanowire Battery Crucial Component of Grid Power Storage Solution
8.6 Medical Devices
8.6.1 Implantable Devices
8.6.1.1 Nanowire Batteries to Offer Safer Operations for Implantable Devices Than That of Lithium-Ion Batteries

9 Nanowire Battery Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 US Offers Highest Growth Potential for Nanowire Battery Market in North America
9.2.2 Canada
9.2.2.1 Abundance of Renewable Energy Sources Makes Canada Ideal Destination for Electric Grid Energy Storage Battery Systems
9.2.3 Mexico
9.2.3.1 Increased Use of Solar Power Systems in Mexico Fuels Demand for Advanced Battery Systems
9.3 Europe
9.3.1 Germany
9.3.1.1 Rising Installation of Nanowire Batteries at Home to Store Solar Power is Expected to Drive Nanowire Battery Market Growth
9.3.2 UK
9.3.2.1 High Adoption of Electric Vehicles in UK Would Provide Growth Opportunities for Nanowire Battery Market
9.3.3 France
9.3.3.1 French Government’s Investments in Battery Industry to Accelerate Nanowire Battery Market Growth
9.3.4 Rest of Europe
9.3.4.1 Favorable Government Policies Regarding Use of Battery-Powered Vehicles to Boost Demand for Nanowire Batteries
9.4 APAC
9.4.1 China
9.4.1.1 China’s Push for Clean Energy Generation to Boost Demand for Advanced Batteries Such as Nanowire
9.4.2 South Korea
9.4.2.1 Presence of Leading Battery Manufacturers Makes South Korea an Attractive Market for Nanowire Batteries
9.4.3 Japan
9.4.3.1 R&D Expenditure to Improve Performance of Batteries in Evs and Smartphones Would Create Lucrative Opportunities for Japanese Market
9.4.4 Rest of APAC
9.4.4.1 Government’s Focus on Minimizing Use of Non-Renewable Sources Will Escalate Demand for Advanced Batteries
9.5 RoW
9.5.1 South America
9.5.1.1 Rapidly Growing Demand for Smartphones to Positively Impact Nanowire Battery Market
9.5.2 Middle East
9.5.2.1 Government Plans of Establishing Solar Energy Plants Will Accelerate Demand for Battery-Powered Storage Systems
9.5.3 Africa
9.5.3.1 Abundance of Lithium Reserves in Africa Makes Region Important Market for Nanowire Batteries

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis for Nanowire Battery Manufacturers
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Strength of Product Portfolio
10.5 Business Strategy Excellence
10.6 Competitive Situations and Trends
10.6.1 Agreements, Partnerships, and Joint Ventures
10.6.2 Product Launches
10.6.3 Expansions
10.6.4 Contracts

11 Company Profiles
11.1 Key Players
(Business Overview, Products & Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.1.1 Amprius
11.1.2 Sila Nanotechnologies
11.1.3 Oned Material
11.1.4 Nexeon
11.1.5 NEI Corporation
11.1.6 XG Sciences
11.1.7 LG Chem
11.1.8 Panasonic
11.1.9 Samsung SDI
11.1.10 Enevate
* Business Overview, Products & Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
11.2 Other Key Players
11.2.1 Acs Materials
11.2.2 Novarials Corporation
11.2.3 Boston Power
11.2.4 Lithium Werks
11.2.5 Targray

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

List of Tables

Table 1 Nanowire Battery Market, By Material, 2019—2026 (USD Million)
Table 2 Silicon Nanowire Battery Market, By Industry, 2019—2026 (USD Million)
Table 3 Silicon Nanowire Battery Market, By Region, 2019—2026 (USD Million)
Table 4 Germanium Nanowire Battery Market, By Industry, 2019—2026 (USD Million)
Table 5 Germanium Nanowire Battery Market, By Region, 2019—2026 (USD Million)
Table 6 Transition Metal Oxides Nanowire Battery Market, By Industry, 2019—2026 (USD Million)
Table 7 Transition Metal Oxides Nanowire Battery Market, By Region, 2019—2026 (USD Million)
Table 8 Gold Nanowire Battery Market, By Industry, 2019—2026 (USD Million)
Table 9 Gold Nanowire Battery Market, By Region, 2019—2026 (USD Million)
Table 10 Nanowire Battery Market, By Industry, 2019—2026 (USD Million)
Table 11 Nanowire Battery Market for Consumer Electronics, By Region, 2019—2026 (USD Million)
Table 12 Nanowire Battery Market for Consumer Electronics, By Material, 2019—2026 (USD Million)
Table 13 Nanowire Battery Market for Automotive Industry, By Region, 2019—2026 (USD Million)
Table 14 Nanowire Battery Market for Automotive Industry, By Material, 2019—2026 (USD Million)
Table 15 Nanowire Battery Market for Aviation Industry, By Region, 2019—2026 (USD Million)
Table 16 Nanowire Battery Market for Aviation Industry, By Material, 2019—2026 (USD Million)
Table 17 Nanowire Battery Market for Energy Industry, By Region, 2019—2026 (USD Million)
Table 18 Nanowire Battery Market for Energy Industry, By Material, 2019—2026 (USD Million)
Table 19 Nanowire Battery Market for Medical Devices, By Region, 2019—2026 (USD Million)
Table 20 Nanowire Battery Market for Medical Devices, By Material, 2019—2026 (USD Million)
Table 21 Nanowire Battery Market, By Region, 2019–2026 (USD Million)
Table 22 Nanowire Battery Market in North America, By Country, 2019–2026 (USD Million)
Table 23 Nanowire Battery Market in North America, By Industry, 2019–2026 (USD Million)
Table 24 Nanowire Battery Market in North America, By Material Type, 2019–2026 (USD Million)
Table 25 Nanowire Battery Market in Europe, By Country, 2019–2026 (USD Million)
Table 26 Nanowire Battery Market in Europe, By Industry, 2019–2026 (USD Million)
Table 27 Nanowire Battery Market in Europe, By Material Type, 2019–2026 (USD Million)
Table 28 Nanowire Battery Market in APAC, By Country, 2019–2026 (USD Million)
Table 29 Nanowire Battery Market in APAC, By Industry, 2019–2026 (USD Million)
Table 30 Nanowire Battery Market in APAC, By Material Type, 2019–2026 (USD Million)
Table 31 Nanowire Battery Market in RoW, By Region, 2019–2026 (USD Million)
Table 32 Nanowire Battery Market in RoW, By Industry, 2019–2026 (USD Million)
Table 33 Nanowire Battery Market in RoW, By Material Type, 2019–2026 (USD Million)
Table 34 Agreements, Partnerships, and Joint Ventures (2016–2019)
Table 35 Product Launches (2016–2018)
Table 36 Expansions (2016–2018)
Table 37 Contracts (2017–2019)

List of Figures

Figure 1 Nanowire Battery Market: Research Design
Figure 2 Bottom-Up Approach to Arrive at Market Size
Figure 3 Top-Down Approach to Arrive at Market Size
Figure 4 Data Triangulation
Figure 5 Assumptions of Research Study
Figure 6 Nanowire Battery Market Segmentation
Figure 7 Silicon Expected to Account for Largest Share of Nanowire Battery Market in 2021
Figure 8 Medical Devices to Register Highest CAGR in Nanowire Battery Market During Forecast Period
Figure 9 APAC to Witness Highest CAGR in Nanowire Battery Market During Forecast Period
Figure 10 Growing Consumer Electronics Industry to Boost Nanowire Battery Market
Figure 11 Silicon to Account for Largest Size of Nanowire Battery Market From 2021 to 2026
Figure 12 Consumer Electronics and North America are Expected to Be Largest Shareholders in Nanowire Battery Market, By Industry and Region, Respectively, in 2023
Figure 13 US Expected to Hold Largest Share of Nanowire Battery Market in 2021
Figure 14 Nanowire Battery Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Research & Development Stage Adds Major Value to Nanowire Battery Ecosystem
Figure 16 Emerging Battery Technologies
Figure 17 Major Components of Nanowire Battery
Figure 18 Nanowire Battery Market, By Material
Figure 19 Consumer Electronics to Hold Largest Size of Germanium Nanowire Battery Market From 2023 to 2026
Figure 20 APAC to Register Highest CAGR in Gold Nanowire Battery Market During Forecast Period
Figure 21 Nanowire Battery Market, By Industry
Figure 22 North America to Account for Largest Size Of Nanowire Battery Market for Consumer Electronics During Forecast Period
Figure 23 Germanium Nanowire Battery Market for Automotive Industry to Grow at Highest CAGR from 2023 to 2026
Figure 24 Silicon Nanowire Batteries to Account for Largest Market Size for Energy Industry From 2023 to 2026
Figure 25 Nanowire Battery Market in China to Grow at Highest CAGR From 2021 to 2026
Figure 26 North America: Nanowire Battery Market Snapshot
Figure 27 Europe: Nanowire Battery Market Snapshot
Figure 28 APAC: Nanowire Battery Market Snapshot
Figure 29 RoW: Nanowire Battery Market Snapshot
Figure 30 Agreements, Partnerships, and Joint Ventures as Major Growth Strategies Adopted By Key Players in Nanowire Battery Market During 2016–2019
Figure 31 Ranking of Top 5 Players: Nanowire Battery Market (2018)
Figure 32 Nanowire Battery Market (Global) Competitive Leadership Mapping, 2018
Figure 33 Market Evolution Framework: Agreements, Partnerships, and Joint Ventures Fuelled Nanowire Battery Market Growth During 2016–2019
Figure 34 Agreements, Partnerships, and Joint Ventures – Key Strategies Adopted By Market Players During 2016–2019
Figure 35 XG Sciences: Company Snapshot
Figure 36 LG Chem: Company Snapshot
Figure 37 Panasonic: Company Snapshot
Figure 38 Samsung SDI: Company Snapshot

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