CHINA NANOTECHNOLOGY IN ENERGY APPLICATIONS MARKET FORECAST 2023-2030

The range of potential nano applications in the energy sector includes both entirely novel long-term methods for energy recovery and utilization as well as incremental short- and medium-term enhancements for more effective use of traditional and renewable energy sources. China’s Strategic Emerging Industries Development Plan identifies nanotechnology as one of the key strategic emerging industries. This plan outlines policy measures and financial support to promote the development of nanotechnology in various sectors, including energy. It encourages the integration of nanomaterials, nanodevices and nano-systems into energy technologies to enhance performance, efficiency and sustainability.

The key drivers for the China nanotechnology in energy applications market growth are the rising demand for renewable energy, the growing need for energy security, the need for cost reduction and scalability, as well as government programs and policies to advance the use of nanotechnology within the energy sector. The shift toward energy generation using renewable resources is being fueled by concerns about climate change and cost apprehensions over conventional resources. 

The development of a sustainable, long-term solution to meet growing energy demand is one of the most defining issues of this era. Energy security may be defined as providing energy to all at affordable prices. Furthermore, the advancement of nanotechnologies has provided a new dimension to address the increasing energy demand. In this regard, nanomaterials exhibit unique physical, chemical and electrical properties at the nanoscale, which can significantly enhance the performance of energy devices and systems. For example, nanomaterials can increase the efficiency of solar cells, improve the catalytic activity of fuel cells, enhance the energy storage capacity of batteries, and enable more efficient energy conversion processes, as well.

However, the high cost of technology and intellectual property (IP), as well as patent issues, are among the major challenges inhibiting the country’s market growth. The cost of nanomaterials and nanotechnology-enabled devices can be a significant barrier to their widespread implementation. Nanomaterial synthesis and fabrication processes often require specialized equipment and precise control, leading to higher production costs. Although scaling up production while maintaining cost-effectiveness remains a challenge in many cases, transitioning from laboratory-scale to large-scale production of nanomaterials and nanotechnology devices is also a complex endeavor.

Inkwood Research’s report on the China nanotechnology in energy applications market provides in-depth insights and segmentation analysis. The detailed assessment of the market includes competitive landscape, crisis scenario analysis, and emerging utility analysis. In addition, the segmentation analysis of the China nanotechnology in energy applications market includes material type, application and end-user.

Some of the key players operating in the China nanotechnology in energy applications market are Cnano Technology Co Ltd (Jiangsu Cnano), Honeywell International Inc, The Chemours Company, Black Diamond Structure LLC, NEI Corporation, etc.