Nanowire Battery Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global nanowire battery market is set for a phenomenal expansion, according to the latest report released by Fairfield Market Research. With sales reaching US$ 120 million in 2024, the market is projected to witness a staggering 33.0% Compound Annual Growth Rate (CAGR) from 2024 to 2031, culminating in an industry valuation of US$ 900 million by the end of the forecast period.

Consumer Electronics Sector to Drive Demand

The consumer electronics segment is forecasted to thrive at a notable 18.3% CAGR during the same period, presenting lucrative opportunities for nanowire battery manufacturers. The rising demand for advanced medical devices and the widening applications of nanowire batteries in various sectors are among the key factors propelling market growth.

Advantages Fueling Adoption

Nanowire batteries, known for their higher energy density, faster charging capabilities, and longer cycle life, are gaining traction across multiple industries. With their potential to replace conventional lithium-ion batteries as the industry standard, nanowire batteries offer lighter and safer alternatives with enhanced performance.

Asia Pacific Emerges as Dominant Player

Asia Pacific is anticipated to dominate the global nanowire battery industry, driven by the rapid adoption of electric vehicles (EVs) and renewable energy sources in the region. Asia Pacific is projected to surpass US$ 450 million by 2032, propelled by the increasing demand for efficient energy storage solutions.

United States Market Primed for Growth

In the United States, the nanowire battery market is expected to witness a robust growth trajectory, with sales soaring at a 27.8% CAGR. The burgeoning popularity of electric vehicles is a significant factor fueling market expansion, with projections indicating a substantial increase in EV sales by 2030, thereby elevating demand for nanowire batteries.

China Leads the Charge

China stands out as a leading market for nanowire battery manufacturers, attributed to the robust expansion of automotive and consumer electronics sectors in the country. With nanowire battery demand expected to surge at a 33.0% CAGR from 2024 to 2031, China is projected to cross a valuation of US$ 249.0 million by 2023.

Japan's Growth Trajectory

Japan's nanowire battery industry is forecasted to reach a valuation of US$ 155.6 million by 2031, fueled by high adoption rates of electric vehicles in the country. With sales increasing at a notable CAGR of 29.5%, Japan presents promising opportunities for market players.

Germanium Dominates Material Preferences

Germanium remains the most preferred material type for making nanowire batteries, owing to its excellent properties and high end-user demand. With a projected CAGR of 18.4% from 2024 to 2031, the germanium segment continues to thrive, driven by its compatibility with nanofabrication techniques and high energy density capabilities.

Key Revenue-Generation Segment: Consumer Electronics

The consumer electronics sector emerges as a key revenue-generation segment for nanowire battery manufacturers, with a forecasted CAGR of 18.3% from 2024 to 2031. Nanowire batteries offer numerous advantages for electronic devices, including higher energy storage capacity, faster charging rates, and improved durability, catering to the growing demand for better-performing consumer electronics.

Competitive Analysis

Leading nanowire battery manufacturing companies such as Sila Nanotechnologies, Targray, OneD Material, and others are adopting various strategies to increase sales and expand their footprint. These strategies include new product launches, mergers, distribution agreements, collaborations, partnerships, acquisitions, among others.

Key Companies Profiled

Amprius
Sila Nanotechnologies
OneD Material
Nexeon
NEI Corporation
LG Chem
Panasonic
Samsung SDI
Enevate
ACS Materials
Novarials Corporation
Boston Power
Lithium Werks
Targray

Global Nanowire Battery Market Segmentation:

By Material Type:

Silicon
Germanium
Transition Metal Oxides
Gold

By Industry:

Consumer Electronics
Automotive
Aviation
Energy
Medical Devices

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

1. Executive Summary

1.1. Global Nanowire Battery Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value & Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018-2023

3.1. Global Demand Response System, Production Output, by Region, 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa

4. Price Trend Analysis, 2018-2023,

4.1. Key Highlights
4.2. Global Average Price Analysis, by Material Type, US$ per Unit
4.3. Prominent Factors Affecting Nanowire Battery Prices
4.4. Global Average Price Analysis, by Region, US$ per Unit

5. Global Nanowire Battery Market Outlook, 2018 - 2031

5.1. Global Nanowire Battery Market Outlook, by Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Silicon
  - 5.1.1.2. Germanium
  - 5.1.1.3. Transition Metal Oxides
  - 5.1.1.4. Gold
5.2. Global Nanowire Battery Market Outlook, by Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Consumer Electronics
  - 5.2.1.2. Automotive
  - 5.2.1.3. Aviation
  - 5.2.1.4. Energy
  - 5.2.1.5. Medical Devices
5.3. Global Nanowire Battery Market Outlook, by Region, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Nanowire Battery Market Outlook, 2018 - 2031

6.1. North America Nanowire Battery Market Outlook, by Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Silicon
  - 6.1.1.2. Germanium
  - 6.1.1.3. Transition Metal Oxides
  - 6.1.1.4. Gold
6.2. North America Nanowire Battery Market Outlook, by Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Consumer Electronics
  - 6.2.1.2. Automotive
  - 6.2.1.3. Aviation
  - 6.2.1.4. Energy
  - 6.2.1.5. Medical Devices
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. North America Nanowire Battery Market Outlook, by Country, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 6.3.1.2. U.S. Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 6.3.1.3. Canada Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 6.3.1.4. Canada Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Nanowire Battery Market Outlook, 2018 - 2031

7.1. Europe Nanowire Battery Market Outlook, by Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Silicon
  - 7.1.1.2. Germanium
  - 7.1.1.3. Transition Metal Oxides
  - 7.1.1.4. Gold
7.2. Europe Nanowire Battery Market Outlook, by Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Consumer Electronics
  - 7.2.1.2. Automotive
  - 7.2.1.3. Aviation
  - 7.2.1.4. Energy
  - 7.2.1.5. Medical Devices
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Nanowire Battery Market Outlook, by Country, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 7.3.1.2. Germany Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 7.3.1.3. U.K. Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 7.3.1.4. U.K. Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 7.3.1.5. France Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 7.3.1.6. France Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 7.3.1.7. Italy Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 7.3.1.8. Italy Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 7.3.1.9. Turkey Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 7.3.1.10. Turkey Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 7.3.1.11. Russia Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 7.3.1.12. Russia Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 7.3.1.13. Rest of Europe Nanowire Battery Market Material, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 7.3.1.14. Rest of Europe Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Nanowire Battery Market Outlook, 2018 - 2031

8.1. Asia Pacific Nanowire Battery Market Outlook, by Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Silicon
  - 8.1.1.2. Germanium
  - 8.1.1.3. Transition Metal Oxides
  - 8.1.1.4. Gold
8.2. Asia Pacific Nanowire Battery Market Outlook, by Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Consumer Electronics
  - 8.2.1.2. Automotive
  - 8.2.1.3. Aviation
  - 8.2.1.4. Energy
  - 8.2.1.5. Medical Devices
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Nanowire Battery Market Outlook, by Country, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 8.3.1.2. China Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 8.3.1.3. Japan Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 8.3.1.4. Japan Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 8.3.1.5. South Korea Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 8.3.1.6. South Korea Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 8.3.1.7. India Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 8.3.1.8. India Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 8.3.1.9. Southeast Asia Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 8.3.1.10. Southeast Asia Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 8.3.1.11. Rest of Asia Pacific Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 8.3.1.12. Rest of Asia Pacific Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Nanowire Battery Market Outlook, 2018 - 2031

9.1. Latin America Nanowire Battery Market Outlook, by Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Silicon
  - 9.1.1.2. Germanium
  - 9.1.1.3. Transition Metal Oxides
  - 9.1.1.4. Gold
9.2. Latin America Nanowire Battery Market Outlook, by Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Consumer Electronics
  - 9.2.1.2. Automotive
  - 9.2.1.3. Aviation
  - 9.2.1.4. Energy
  - 9.2.1.5. Medical Devices
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Nanowire Battery Market Outlook, by Country, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 9.3.1.2. Brazil Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 9.3.1.3. Mexico Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 9.3.1.4. Mexico Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 9.3.1.5. Argentina Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 9.3.1.6. Argentina Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 9.3.1.7. Rest of Latin America Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 9.3.1.8. Rest of Latin America Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Nanowire Battery Market Outlook, 2018 - 2031

10.1. Middle East & Africa Nanowire Battery Market Outlook, by Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Silicon
  - 10.1.1.2. Germanium
  - 10.1.1.3. Transition Metal Oxides
  - 10.1.1.4. Gold
10.2. Middle East & Africa Nanowire Battery Market Outlook, by Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Consumer Electronics
  - 10.2.1.2. Automotive
  - 10.2.1.3. Aviation
  - 10.2.1.4. Energy
  - 10.2.1.5. Medical Devices
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Nanowire Battery Market Outlook, by Country, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 10.3.1.2. GCC Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 10.3.1.3. South Africa Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 10.3.1.4. South Africa Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 10.3.1.5. Egypt Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 10.3.1.6. Egypt Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 10.3.1.7. Nigeria Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 10.3.1.8. Nigeria Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 10.3.1.9. Rest of Middle East & Africa Nanowire Battery Market Material Type, Value (US$ Mn) & Volume (Units), 2018 - 2031
  - 10.3.1.10. Rest of Middle East & Africa Nanowire Battery Market Industry, Value (US$ Mn) & Volume (Units), 2018 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Manufacturer vs Material Type Heatmap
11.2. Company Market Share Analysis, 2023
11.3. Competitive Dashboard
11.4. Company Profiles
- 11.4.1. Amprius
  - 11.4.1.1. Company Overview
  - 11.4.1.2. Product Portfolio
  - 11.4.1.3. Financial Overview
  - 11.4.1.4. Business Strategies and Development
- 11.4.2. Sila Nanotechnologies
  - 11.4.2.1. Company Overview
  - 11.4.2.2. Product Portfolio
  - 11.4.2.3. Financial Overview
  - 11.4.2.4. Business Strategies and Development
- 11.4.3. OneD Material
  - 11.4.3.1. Company Overview
  - 11.4.3.2. Product Portfolio
  - 11.4.3.3. Financial Overview
  - 11.4.3.4. Business Strategies and Development
- 11.4.4. Nexeon
  - 11.4.4.1. Company Overview
  - 11.4.4.2. Product Portfolio
  - 11.4.4.3. Financial Overview
  - 11.4.4.4. Business Strategies and Development
- 11.4.5. NEI Corporation
  - 11.4.5.1. Company Overview
  - 11.4.5.2. Product Portfolio
  - 11.4.5.3. Financial Overview
  - 11.4.5.4. Business Strategies and Development
- 11.4.6. LG Chem
  - 11.4.6.1. Company Overview
  - 11.4.6.2. Product Portfolio
  - 11.4.6.3. Financial Overview
  - 11.4.6.4. Business Strategies and Development
- 11.4.7. Panasonic
  - 11.4.7.1. Company Overview
  - 11.4.7.2. Product Portfolio
  - 11.4.7.3. Financial Overview
  - 11.4.7.4. Business Strategies and Development
- 11.4.8. Samsung SDI
  - 11.4.8.1. Company Overview
  - 11.4.8.2. Product Portfolio
  - 11.4.8.3. Financial Overview
  - 11.4.8.4. Business Strategies and Development
- 11.4.9. Enevate
  - 11.4.9.1. Company Overview
  - 11.4.9.2. Product Portfolio
  - 11.4.9.3. Financial Overview
  - 11.4.9.4. Business Strategies and Development
- 11.4.10. ACS Materials
  - 11.4.10.1. Company Overview
  - 11.4.10.2. Product Portfolio
  - 11.4.10.3. Financial Overview
  - 11.4.10.4. Business Strategies and Development
- 11.4.11. Novarials Corporation
  - 11.4.11.1. Company Overview
  - 11.4.11.2. Product Portfolio
  - 11.4.11.3. Financial Overview
  - 11.4.11.4. Business Strategies and Development
- 11.4.12. Boston Power
  - 11.4.12.1. Company Overview
  - 11.4.12.2. Product Portfolio
  - 11.4.12.3. Financial Overview
  - 11.4.12.4. Business Strategies and Development
- 11.4.13. Lithium Werks
  - 11.4.13.1. Company Overview
  - 11.4.13.2. Product Portfolio
  - 11.4.13.3. Financial Overview
  - 11.4.13.4. Business Strategies and Development
- 11.4.14. Targray
  - 11.4.14.1. Company Overview
  - 11.4.14.2. Product Portfolio
  - 11.4.14.3. Financial Overview
  - 11.4.14.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations