Nanotechnology Market for Energy Storage

The nano-based energy storage products market is expected to show rapid growth from 2012 onwards. Robust sales growth opportunities are expected for nanotechnology based rechargeable batteries (Lithium-ion) and ultracapacitors as these energy storage products are expected to be the early adopters of nanomaterials in their production.

The nanotechnology-enhanced energy storage products are in the pre-market stage and will gain critical mass when the usage of nano-based materials in the production of energy storage products is expected to become mainstream post-2012. The R&D pipeline for nano storage products is replete with promising nano-prototypes and mockups, some of which have been tested in pilot markets. Commercialized nano storage products are expected to be launched in large numbers post-2012.

The long gestation period of nanotechnology from research lab prototypes to commercialized products can be reduced through government efforts to bring together academia and industry. Successful commercialization of nanotechnology requires the leveraging of public funds along with private funding. Close collaboration between the funding bodies and nanotechnology companies is required to address these barriers. It is extremely difficult to raise funds from private investors for the early stages of academic research of products or technology. Hence, federal or state funding should be optimally channeled to plug the gaps between research and the early stages of commercialization.

A key factor that will influence the growth of the nano-based energy storage products market is the alignment of academic research based on the commercial and industrial requirement. Low patent productivity can be dealt with by aligning research focus to meet industrial needs. Identifying the commercial potential of research will help address questions such as how patent-worthy a research work is. Governments should bring together academia and industry to reduce the time it takes to bring a product from the research lab to the market. Investors need to use their industry knowledge, their network, along with financial investments, to help companies develop and market products in an efficient fashion.

Companies are developing new high energy electrode materials and more stable electrolytes to enhance the functionalities of batteries. The main R&D focus is on integrating nanoparticles in the materials for storage devices and ensuring tight packing of nanoparticles in electrodes, in order to maximize energy density, power output, charge/discharge time, and number of charge/discharge cycles. The performance improvements in energy storage devices due to nanotechnologies are likely to upstage the higher costs associated with the nano-enabled energy storage products. Hence, companies are less focused on decreasing the manufacturing costs associated with nano-based storage products.

GBI Research, the leading business intelligence provider, has released its latest research, “Global Nanotechnology Market for Energy Storage – Analysis and Forecasts to 2015” that provides key data, information and analysis on the market opportunities in the nanotechnology enabled energy storage market. The report provides a detailed assessment of the global R&D investment scenario in key countries. At the outset, the report analyses patent activities in various sectors including energy. The report’s coverage of the nanotechnology enabled energy storage market is comprehensive with dedicated sections on technology analysis, patent analysis, and key supplier profiles.

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