INDIA NANOTECHNOLOGY IN ENERGY APPLICATIONS MARKET FORECAST 2023-2030

In addition, researchers from the Indian Institute of Technology (IIT) and Japan Advanced Institute of Science and Technology (JAIST) have demonstrated that the performance of lithium-ion batteries may be enhanced by the use of 2D titanium diboride nanosheets. According to this study, utilizing 2D titanium diboride nanosheets in lithium-ion batteries may increase charging efficiency and battery life.

Moreover, the TiB2 material’s nanoscale size enables it to display favorable characteristics such as outstanding high-rate capability, pseudocapacitive charge storage, and the ability to retain performance across several cycles. Besides, it is a strong contender for use in lithium-ion batteries owing to these qualities.

The key drivers boosting the growth of the India nanotechnology in energy applications market include 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 Indian Government is implementing policies and providing financial support to encourage the development and deployment of advanced energy technologies, including nanotechnology. Aligning with this, initiatives such as research funding, tax incentives and regulatory frameworks further promote the adoption of nanotechnology in energy applications and create a favorable market environment. 

The government also seeks to foster collaboration between the public and private sectors to accelerate the development and commercialization of nanotechnology-based energy solutions. Additionally, public-private partnerships provide funding, expertise and resources to support research, demonstration projects, and technology transfer. These collaborations help bridge the gap between research and market deployment. 

The protection of intellectual property rights can be challenging in the highly competitive industry of nanotechnology. Moreover, since nanomaterial-based energy solutions involve considerable investments in research and development, businesses may be reluctant to administer these efforts if they are unable to acquire adequate protection for their discoveries against theft or infringement. If a nanotechnology breakthrough satisfies the mandates of originality, non-obviousness, and industrial usefulness, it may be eligible for patent protection. The innovation must be novel and imaginative in comparison to the state of the art and must also have a useful application in the energy industry. In this regard, potentially patentable nanotechnology products include novel materials, gadgets, and processes at the nanoscale.

Inkwood Research’s report on the India nanotechnology in energy applications market provides in-depth insights and segmentation analysis of the market. The detailed analysis of the market includes PESTLE analysis, competitive landscape, COVID-19 impact, and value chain analysis. In addition, the segmentation analysis of the market includes material type, application, and end-user.

Major players operating in the market are Advanced Nano Products Co Ltd, Aspen Aerogels Inc, The Chemours Company, Black Diamond Structure LLC, NEI Corporation, etc.