What is the global market size of Nano Battery Market?

Global Nano Battery Market size was valued at USD 5.24 billion in 2021 and is poised to grow from USD 6.24 billion in 2022 to USD 21.19 billion by 2030, at a CAGR of 19.08%during the forecast period (2023-2030).

Nano Battery Market Size, Share, Growth Analysis, By Application(Consumer Electronics, Medical Devices, Wearable Devices, Smart Cards), By Type(Lithium-Ion, Zinc- Manganese, Nickel-Metal Hydride, Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20D2136 | Region: Global | Published Date: March, 2024
Pages: 202 | Tables: 67 | Figures: 77

Nano Battery Market News

In April 2023, Sila, a next-generation battery materials company, announced that it has begun building out its first, auto-scale manufacturing plant, Sila Moses Lake, located in Washington state. This construction milestone affirms a 2025 start for the first commercial production of its breakthrough Titan Silicon anode at the plant.
In August 2022, A 3M investment in Nanoscale Components Inc. was disclosed. The New Hampshire-based company is renowned for its low-cost technology for raising the lithium concentration in lithium-ion battery anodes. The funding will promote the use of 3M's distinctive silicon alloy anode in lithium-ion batteries.

In March 2022, Sony Corporation introduced a new range of lithium-ion batteries with the best energy density in the market, in response to the demand for high capacity.

Nano Battery Market Report Snapshots

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Nano Battery Market size was valued at USD 6.24 billion in 2022 and is poised to grow from USD 7.43 billion in 2023 to USD 30.04 billion by 2031, growing at a CAGR of 19.08% during the forecast period (2024-2031).

As the demand for energy-efficient and high-performance batteries continues to increase, the competition in the nano battery market is expected to intensify further in the coming years. This is likely to result in more mergers and acquisitions, as well as increased investments in research and development activities. ' LG Chem Ltd. (South Korea)', 'Samsung SDI Co. Ltd. (South Korea)', 'Panasonic Corporation (Japan)', 'Sony Corporation (Japan)', 'Amprius Technologies Inc. (US)', 'Targray Technology International Inc. (Canada)', 'Enevate Corporation (US)', 'QuantumScape Corporation (US)', 'Altairnano (US)', 'Pellion Technologies (US)', 'Aleees (Taiwan)', 'Ambri (US)', 'Amprius (US)', 'Angstron Materials (US)', 'Applied Materials (US)', 'Blue Solutions (France)', 'Cnano Technology (China)', 'EnZinc (US)', 'Hitachi Maxell (Japan)', 'Nano One Materials Corp. (Canada)', 'NEI Corporation (US)', 'XG Sciences (US)'

The growing demand for consumer electronics, such as smartphones, tablets, and laptops, is a major driver for the nano battery market. Nano batteries offer a higher energy density and longer lifespan compared to traditional batteries, making them ideal for powering electronic devices.

The demand for portable devices, such as smartphones, laptops, and wearable devices, is driving the growth of the nano battery market. These devices require small, lightweight, and high-performance batteries that can be easily integrated into their designs. Nano batteries are well-suited for these applications, as they offer high energy density and long lifespan.

The CAGR for the Asia-Pacific nano battery market is projected to be around 21%. The Asia-Pacific region is expected to be the largest market for nano batteries due to the growing demand for consumer electronics and the presence of major players in the region. The dominant segment in this region is also consumer electronics, while the fastest-growing segment is medical devices.

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Nano Battery Market Size, Share, Growth Analysis, By Application(Consumer Electronics, Medical Devices, Wearable Devices, Smart Cards), By Type(Lithium-Ion, Zinc- Manganese, Nickel-Metal Hydride, Others), By Region - Industry Forecast 2024-2031

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