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Report
Nanotechnology in Energy Applications
Market Research Report I 2023-07-12 I 205 Pages I BCC Research
Description
Report Scope:
This report examines nanotechnology in energy industry applications. Definitive and detailed estimates and forecasts of the global market are provided, followed by a detailed analysis of the nanomaterials, energy application and regions. Ongoing market trends, growth drivers and challenges impeding the market are discussed. The report will analyze global nanotechnology in energy markets by material, applications and geography. It will also focus on the regulations and government-supported programs impacting this market. Regionally, the focus of study will be the markets of North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The report focuses on the global market for nanoscale materials (e.g., nanopowders, nanocomposites, nanoscale thin films, and others) and devices (e.g., nanosensors) used in renewable and nonrenewable energy production (e.g., petroleum refining, solar energy) and energy storage (e.g., batteries and fuel cells). In the other types of applications (e.g., energy transmission, energy conversion, energy end uses), nanotechnology consumption is almost negligible.
The report concentrates on nanotechnology applications that are currently in commercial use or are likely to be commercialized by 2028. Other applications that, while promising, are not likely to make it out of the laboratory by 2028, are not covered in depth. It is worth noting that, unlike the previous versions of this report, these figures do not include consumption of industrial enzymes, as enzymes are not included in most assessments of the overall nanomaterials market.
The report does not cover nanoscale materials and devices used to monitor and/or control the environmental impacts of energy production or uses such as nanomaterials in automotive catalytic converters. These technologies are outside the scope of this study and are covered in detail in several other BCC Research reports such as report NAN039C, Nanotechnology in Environmental Applications.
Using 2022 as the base year, the report provides estimated market data for the forecast period from 2023 to 2028. The market size for different regions (regions by application) will also be covered. The impact of COVID-19 was also considered when deriving market estimations. Sales value estimates are based on prices in the supply chain. Market-driving forces and industry structure are examined. International aspects are analyzed for all global regions.
In 2020, the growth rate of global manufacturing industries was severely affected by the COVID-19 pandemic. The pandemic halted progress in every regional economy. Governments took measures to contain the economic slowdown.
Report Includes:
- 33 tables and 62 additional tables
- Detailed overview and an up-to-date analysis of the global market for nanotechnology in energy applications
- Analyses of the global market trends, with market revenue (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
- Estimation of the actual market size and revenue forecast for global nanotechnology in energy applications market, and corresponding market share analysis based on material, application, and region
- Characterization and quantification of the market potential for each short-listed nanoscale materials and devices used in energy production or conservation applications, and identification of the main prerequisites that are still under development for commercial success
- A look at various factors involved in driving product demand in conjunction with trends, potential sales, and forecasts for major energy source markets and specific geographical markets
- Identification of nanotechnology applications that are currently in commercial use or are likely to be commercialized by 2028
- Estimation of potential net impact of nanoscale materials and devices on the global energy balance
- Detailed understanding of the importance of ESG in the nanotechnology in energy industry, key issues in implementing ESG principles, standard ESG practices by companies, as well as the current status and future of ESG considerations in nanotechnology for energy applications
- Review of key patent grants on nanotechnology applications in energy sector, and new and emerging developments in the global market
- Updated information on recent industry acquisitions, partnerships, agreements, collaborations, and other strategic alliances in the global nanotechnology in energy applications market
- Identification of major stakeholders and analysis of the company competitive landscape based on their recent developments, financial performance, segmental revenues, and operational integration
- Descriptive company profiles of the leading global players of the industry, including A123 Systems LLC, The Chemours Co., Honeywell International Inc., Nanosolar Inc. and Solaronix
Executive Summary
Summary:
Nanotechnology contributes to the development of more efficient fuel cells by improving catalysts and electrode materials. Nanostructured catalysts, such as platinum nanoparticles, provide larger surface areas and enhance reaction kinetics, making fuel cells more efficient and cost-effective. As the world seeks cleaner and more sustainable energy alternatives, fuel cells are gaining attention due to their low carbon emissions and high energy efficiency. Governments, industries and consumers are increasingly adopting fuel cells as a clean energy solution to reduce greenhouse gas emissions and combat climate change.
Key drivers for the growth of the market for nanotechnology in energy applications over the forecast period are the strong shift in trend toward energy security applications of nanotechnology in fuel cells and developing transport infrastructure. Nanomaterials offer opportunities for mitigating environmental challenges in the energy sector. For example, nanomaterials can aid in capturing and storing carbon dioxide emissions, contributing to carbon sequestration and reducing greenhouse gas emissions. The development of nanomaterials for environmental remediation aligns with the sustainability goals of the energy sector.
The nanotechnology industry is characterized by intense rivalry among its major players. Rising competition is continuously helping in product differentiation, cost reduction and innovation, which fuels market development. The industry is driven by technological innovation, with companies constantly developing new and improved products with integration of nanotechnology. Acquisition, capacity expansion and technological collaborations are other trends observed in the industry ecosystem.
While nanotechnology offers immense potential for the energy sector, there are some challenges that need to be addressed for its successful implementation. The potential health and environmental impacts of nanomaterials is a significant concern. It is essential to understand and mitigate any risks associated with the production, use and disposal of nanomaterials in the energy sector. Robust safety standards, regulations and responsible manufacturing practices are necessary to address these concerns.
Table of Contents
Chapter 1 Introduction
Overview
Study Goals and Objectives
Reasons for Doing This Study
What's New in This Update?
Scope of Report
Information Sources
Methodology
Intended Audience
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Market Snapshot
Market Highlights
Chapter 3 Market Overview
Overview
Nanomaterials
Key Benefits of Nanomaterials in the Energy Sector
Solid Nanoparticles
Hollow Nanoparticles
Nanoscale Thin Films
Nanostructured Monolithics
Nanocomposites
Nanodevices
Key Properties of Nanomaterials Relevant to the Energy Sector
Energy Applications of Nanomaterials and Nanodevices
Energy Production
Energy Storage
Technology Background
Chemical Vapor Deposition (CVD)
Sol-Gel Method
Electrospinning
Self-Assembly
Physical Vapor Deposition (PVD)
Bottom-Up Synthesis
Template-Assisted Methods
Atomic Layer Deposition (ALD)
Hydrothermal Synthesis
Emulsion Templating
Arc Discharge and Laser Ablation
Physical and Chemical Etching
Mechanical Milling
Electrochemical Deposition
Life Cycle Assessment of Nanomaterials
Regulatory Trends
Chapter 4 Market Dynamics
Market Drivers
Increasing Need for Energy Security
Carbon Footprint Reduction
Government Initiatives and Policies to Promote Nanotechnology in Energy Applications
Oil and Gas Industry Growth in North America
European Manufacturing
Reaching Cost Reduction and Scalability
Market Challenges and Restraints
Environmental and Health Concerns Associated with Nanomaterials
High Cost of Technology
Intellectual Property (IP) and Patent Issues
Value Chain Analysis
Research and Development (R&D)
Nanomaterial Manufacturing
Component and Device Manufacturing
System Integration and Assembly
Distribution and Sales
Installation and Deployment
Operations and Maintenance
End-of-Life Management
Energy Sector Value Chain
Energy Sources
Energy Conversion
Energy Distribution
Energy Storage
Energy Usage
Impact of the Russian-Ukrainian War on the Market for Nanotechnology in Energy Applications
Chapter 5 Market by Material
Overview
Solid Nanoparticles
Fabrication
Types of Solid Nanoparticles with Energy Applications
Emerging Utility
Nanostructured Monolithics
Zeolites
Amorphous Alumina and Silica-Alumina
Aerogels
Nanoporous Membranes
Emerging Utility
Nanothin Films
Fabrication
Nanoscale Thin Films with Energy Applications
Emerging Utility
Nanocomposites
Types of Nanocomposite Energy Applications
Emerging Utility
Nanosensors
Chapter 6 Market by Application
Overview
Petroleum Refining
Nanotechnology in Refining
Fuel Cells
Fuel Cell Technologies
Energy Storage Devices
Types of Energy Storage Devices
Solar Photovoltaics
Solar Photovoltaic Technologies
Nanomaterials Used in Solar Photovoltaics
Synthetic Hydrocarbon Fuels
Nanomaterials Used in Synthetic Fuels Production
Chapter 7 Market by Region
Global Market for Nanotechnology in Energy Applications by Region
North America
Europe
Asia-Pacific
Rest of the World
Chapter 8 ESG Development
Importance of ESG in the Market for Nanotechnology in Energy Applications
ESG Ratings and Metrics: Understanding the Data
Key ESG Issues in for Nanotechnology in Energy Applications
ESG Practices for Nanotechnology in the Energy Industry
Current Status of ESG in the Market for Nanotechnology in Energy Applications
ESG Score Analysis
Risk Scale, Exposure Scale and Management Scale
Risk Scale
Exposure Scale
Management Scale
Case Study: Examples of Successful ESG Implementation
Environmental initiatives
Social Initiatives
Governance Initiatives
Outcomes
Investments
Future of ESG: Emerging Trends and Opportunities
Concluding Remarks from BCC
Chapter 9 Emerging Technologies and Developments
Key Highlights
Current Market Trends
Key Trends in the Market
Perovskite Solar Cells
Nanophotonics and Light Harvesting
2D Materials for Energy Applications
Nanogenerators for Energy Harvesting
Nanofluids for Thermal Management
Nanomaterials for Water Splitting
Others
New Product/New Technology Development
Granted Patented Technologies
Chapter 10 Patent Analysis
Patent Activity Analysis
Chapter 11 M&A and Venture Funding Outlook
M&A Analysis
Startup Funding in Nanotechnology in Energy Applications
Chapter 12 Competitive Intelligence
Overview
Company Market Shares of Nanotechnology in Energy Applications
Strategic Analysis
Chapter 13 Company Profiles
A123 SYSTEMS LLC
ADVANCED NANO PRODUCTS CO. LTD.
ALTAIRNANO
ASPEN AEROGELS INC.
BLACK DIAMOND STRUCTURES LLC
CNANO TECHNOLOGY CO. LTD. (JIANGSU CNANO)
THE CHEMOURS CO.
FORGE NANO
HE3DA LTD.
HONEYWELL INTERNATIONAL INC.
HYPERION CATALYSIS INTERNATIONAL INC.
MACH I INC.
MEDIA AND PROCESS TECHNOLOGY INC.
NANOPHASE TECHNOLOGIES CORP.
NANOSOLAR INC.
NANO TECH CO. LTD.
NEI CORP.
QD SOLAR INC.
SUZHOU SINLION BATTERY TECH CO. LTD.
SOLARONIX SA
ZEOLYST INTERNATIONAL
Chapter 14 Appendix: Abbreviations
List of Tables
Summary Table : Global Market for Nanotechnology in Energy Applications, by Region, Through 2028
Table 1 : Major Types of Nanomaterials
Table 2 : Regulations, Standards and Frameworks for Nanotechnology in Energy Applications
Table 3 : Global Market for Nanotechnology in Energy Applications, by Material, Through 2028
Table 4 : Nanoparticle Production Processes
Table 5 : Metal Nanoparticles in Energy Applications
Table 6 : Complex Oxide Nanoparticles in Energy Applications
Table 7 : Global Market for Solid Nanoparticles in Energy Applications, Through 2028
Table 8 : Types of Nanostructured Monolithics in Energy Applications
Table 9 : Global Market for Nanostructured Monolithics in Energy Applications, Through 2028
Table 10 : Global Market for Nanothin Films in Energy Applications, Through 2028
Table 11 : Nanocomposites in Energy Applications
Table 12 : Global Market for Nanocomposites in Energy Applications, Through 2028
Table 13 : Energy Applications of Nanosensors
Table 14 : Global Market for Nanosensors in Energy Applications, Through 2028
Table 15 : Global Market for Nanotechnology in Energy Applications, by Application Type, Through 2028
Table 16 : Nanocatalyst Applications in Petroleum Refining/Petrochemicals
Table 17 : Applications or Potential Applications of Nanomaterials/Nanotechnology in Petroleum Refining
Table 18 : Global Market for Nanotechnology in Petroleum Refining Applications, by Region, Through 2028
Table 19 : Global Market for Nanotechnology in Petroleum Refining Applications, by Material, Through 2028
Table 20 : Fuel Cell's Application Type
Table 21 : Global Market for Nanotechnology in Fuel Cell Applications, by Region, Through 2028
Table 22 : Global Market for Nanotechnology in Fuel Cell Applications, by Material, Through 2028
Table 23 : Classification of Energy Storage Systems
Table 24 : Li-ion Battery Types
Table 25 : Nanotechnologies Applied to Lithium-Ion Batteries-Key Trends
Table 26 : Global Market for Nanotechnology in Energy Storage Device Applications, by Region, Through 2028
Table 27 : Global Market for Nanotechnology in Energy Storage Device Applications, by Material, Through 2028
Table 28 : Global Market for Nanotechnology in Solar Photovoltaic Applications, by Region, Through 2028
Table 29 : Global Market for Nanotechnology in Solar Photovoltaic Applications, by Material, Through 2028
Table 30 : Global Market for Solid Nanoparticles in Photovoltaic Applications, by Material, Through 2028
Table 31 : Global Market for Nanocomposites in Photovoltaic Applications, by Material, Through 2028
Table 32 : Global Market for Nanotechnology in Synthetic Hydrocarbon Fuel Applications, by Region, Through 2028
Table 33 : Global Market for Nanotechnology in Synthetic Hydrocarbon Fuel Applications, by Material, Through 2028
Table 34 : Global Market for Nanotechnology in Energy Applications, by Region, Through 2028
Table 35 : North American Market for Nanotechnology in Energy Applications, by Application Type, Through 2028
Table 36 : European Market for Nanotechnology in Energy Applications, by Application Type, Through 2028
Table 37 : Asia-Pacific Market for Nanotechnology in Energy Applications, by Application Type, Through 2028
Table 38 : Rest of the World Market for Nanotechnology in Energy Applications, by Application Type, Through 2028
Table 39 : Data Interpretation
Table 40 : ESG Carbon Footprint Issue Analysis
Table 41 : ESG Water and Waste Reduction Issues Analysis
Table 42 : ESG Diversity Issue Analysis
Table 43 : ESG Employee Safety and Labor Practices Issue Analysis
Table 44 : ESG Resource Efficiency and Emissions Issue Analysis
Table 45 : ESG Sustainable Supply Chain Issue Analysis
Table 46 : ESG Data Privacy and Security Issue Analysis
Table 47 : ESG Score Analysis of Nanotechnology in Energy Applications Market
Table 48 : Risk Scale, Exposure Scale and Management Scale
Table 49 : New Product/New Technology Development, Global Nanotechnology in Energy Applications Market, 2020-2023
Table 50 : Granted Patented Technologies, Nanotechnology in Energy Applications, 2020-2023
Table 51 : Patents on Nanotechnology in Energy Applications, 2018-2023
Table 52 : M&A in the Nanotechnology in Energy Applications Market, January 2020-April 2023
Table 53 : Startup Funding in Nanotechnology in Energy Applications Market, by Amount Raised, January 2020-March 2023
Table 54 : Global Market Shares of Nanotechnology in Energy Applications, by Leading Suppliers, 2022
Table 55 : Strategy Dashboard: Nanotechnology in Energy Applications, 2020-2023
Table 56 : A123 Systems LLC: Nanotechnology Product Portfolio
Table 57 : Advanced Nano Products Co. Ltd.: Company Financials, 2022
Table 58 : Advanced Nano Products Co. Ltd.: Recent Developments, 2023
Table 59 : Advanced Nano Products Co. Ltd.: Product Portfolio
Table 60 : Altairnano: Product Portfolio
Table 61 : Aspen Aerogels Inc.: Company Financials, 2022
Table 62 : Aspen Aerogels Inc.: Recent Developments, 2021 and 2022
Table 63 : Aspen Aerogels ESG Framework
Table 64 : Aspen Aerogels: Product Portfolio
Table 65 : Black Diamond Structures LLC: Recent Developments, 2023
Table 66 : Black Diamond Structures LLC: Product Portfolio
Table 67 : Cnano Technology Co. Ltd.: Company Financials, 2022
Table 68 : Cnano Technology Co. Ltd: Product Portfolio
Table 69 : The Chemours Co.: Company Financials, 2022
Table 70 : The Chemours Co.: Recent Developments, 2021 and 2022
Table 71 : The Chemours Co.: Product Portfolio
Table 72 : Forge Nano: Recent Developments, 2022 and 2023
Table 73 : Forge Nano: Product Portfolio
Table 74 : HE3DA: Recent Developments, 2021 and 2022
Table 75 : HE3DA: Product Portfolio
Table 76 : Honeywell International Inc.: Company Financials, 2022
Table 77 : Honeywell International Inc.: Recent Developments, 2020-2023
Table 78 : Honeywell UOP.: Product Portfolio
Table 79 : Hyperion Catalysis International Inc.: Product Portfolio
Table 80 : Mach I Inc.: Product Portfolio
Table 81 : Media and Process Technology Inc.: Product Portfolio
Table 82 : Nanophase Technologies Corp.: Company Financials, 2022
Table 83 : Nanophase Technologies Corp.: Recent Developments, 2020
Table 84 : Nanophase Technologies Corp.: Product Portfolio
Table 85 : Nanosolar Inc.: Product Portfolio
Table 86 : Nano Tech Co. Ltd.: Product Portfolio
Table 87 : NEI Corp.: Recent Developments, 2020-2022
Table 88 : NEI Corp.: Product Portfolio
Table 89 : QD Solar Inc.: Product Portfolio
Table 90 : Suzhou Sinlion Battery Tech Co. Ltd.: Product Portfolio
Table 91 : Solaronix: Recent Developments, 2019
Table 92 : Solaronix: Product Portfolio
Table 93 : Zeolyst International Inc.: Product Portfolio
Table 94 : Abbreviations Used in This Report
List of Figures
Figure A : Data Source: Global Nanotechnology in Energy Applications Market
Summary Figure : Global Market Shares of Nanotechnology in Energy Applications, by Region, 2022
Figure 1 : Nanomaterials in Energy Applications
Figure 2 : Market Dynamics: Global Nanotechnology in Energy Applications
Figure 3 : Global Renewable Energy Capacity Additions, 2021-2027
Figure 4 : Nanotechnology in Energy Applications Market: Industry Value Chain Analysis
Figure 5 : Value-Added Chain in the Energy Sector
Figure 6 : Global Market Shares of Nanotechnology in Energy Applications, by Material, 2022
Figure 7 : Global Market for Solid Nanoparticles in Energy Applications, 2022-2028
Figure 8 : Global Market for Nanostructured Monolithics in Energy Applications, 2022-2028
Figure 9 : Global Market for Nanothin Films in Energy Applications, 2022-2028
Figure 10 : Global Market for Nanocomposites in Energy Applications, 2022-2028
Figure 11 : Global Market for Nanosensors in Energy Applications, 2022-2028
Figure 12 : Global Market Shares of Nanotechnology in Energy Applications, by Application Type, 2022
Figure 13 : Global Market Shares of Nanotechnology in Petroleum Refining Applications, by Region, 2022
Figure 14 : Global Market Shares of Nanotechnology in Petroleum Refining Applications, by Material, 2022
Figure 15 : Fuel Cell Basic Principles
Figure 16 : Global Market Shares of Nanotechnology in Fuel Cell Applications, by Region, 2022
Figure 17 : Global Market Shares of Nanotechnology in Fuel Cell Applications, by Material, 2022
Figure 18 : Charging and Discharging Processes in Li-ion Batteries
Figure 19 : Global Market Shares of Nanotechnology in Energy Storage Device Applications, by Region, 2022
Figure 20 : Global Market Shares of Nanotechnology in Energy Storage Device Applications, by Material, 2022
Figure 21 : Global Market Shares of Nanotechnology in Solar Photovoltaic Applications, by Region, 2022
Figure 22 : Global Market Shares of Nanotechnology in Solar Photovoltaic Applications, by Material, 2022
Figure 23 : Global Market Shares of Solid Nanoparticles in Photovoltaic Applications, by Material, 2022
Figure 24 : Global Market Shares of Nanocomposites in Photovoltaic Applications, by Material, 2022
Figure 25 : Global Market Shares of Nanotechnology in Synthetic Hydrocarbon Fuel Applications, by Region, 2022
Figure 26 : Global Market Shares of Nanotechnology in Energy Applications, by Region, 2022
Figure 27 : North American Market Shares of Nanotechnology in Energy Applications, by Application Type, 2022
Figure 28 : European Market Shares of Nanotechnology in Energy Applications, by Application Type, 2022
Figure 29 : Asia-Pacific Market Shares of Nanotechnology in Energy Applications, by Application Type, 2022
Figure 30 : Rest of the World Market Shares of Nanotechnology in Energy Applications, by Application Type, 2022
Figure 31 : ESG in the Market for Nanotechnology in Energy Applications
Figure 32 : Total Score of Companies
Figure 33 : Emerging Trends in the Nanotechnology in Energy Applications Market
Figure 34 : Startup Funding in Nanotechnology in Energy Applications Market, by Amount Raised, 2022 and 2023
Figure 35 : Distribution Shares of Startup Funding in Nanotechnology in Energy Applications Market, by Various Rounds, 2022 and 2023
Figure 36 : Advanced Nano Products Co. Ltd.: Company Financials, 2021 and 2022
Figure 37 : Aspen Aerogels Inc.: Company Financials, 2021 and 2022
Figure 38 : Aspen Aerogels: Revenue Shares, by Business Unit, 2022
Figure 39 : Aspen Aerogels: Revenue Shares, by Country/Region, 2022
Figure 40 : Cnano Technology Co. Ltd.: Company Financials, 2021 and 2022
Figure 41 : The Chemours Co.: Company Financials, 2021 and 2022
Figure 42 : The Chemours Co.: Revenue Share, by Business Unit, 2022
Figure 43 : The Chemours Co.: Revenue Share, by Country/Region, 2022
Figure 44 : Honeywell International Inc.: Company Financials, 2021 and 2022
Figure 45 : Honeywell International Inc.: Revenue Share, by Business Unit, 2022
Figure 46 : Honeywell International Inc.: Revenue Share, by Country/Region, 2022
Figure 47 : Nanophase Technologies Corp.: Company Financials, 2021 and 2022
Figure 48 : Nanophase Technologies Corp.: Revenue Share, by Business Unit, 2022
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