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Market for Nanotechnologies in Energy Applications Will be Valued at Nearly $5.4 Billion in 2017
Solid nanoparticles and nanostructured monolithics are expected to gain significant market share over the next five years, reaching 7.4% and 2.1%, respectively, by 2017. Nanosensors’ market share is expected to increase slightly by 2017, and hollow nanoparticles should achieve their first commercial sales (other than nanoparticles used in nanocomposites).
Applications in energy production, refining, storage, distribution, and transmission collectively accounted for 37% of the market in 2011 vs. 63% for applications in increasing energy efficiency. By 2017, production, refining, storage, distribution, and transmission applications are projected to have a combined market share of 33% vs. 67% for energy efficiency.
Industrial processing was the largest user of nanotechnologies in 2011 with 46.1% of the total market. Refining was the second-largest application segment in 2011 with 17.6% of the market. Other major application segments in 2011 were ethanol production with 16.4% of the market and energy-saving consumer products (mainly detergents) with 11.8%
The same four application segments will continue to dominate the market in 2017 with smaller shares of the market. Other applications that are expected to gain significant market share over the next five years include, particularly, energy-efficient buildings (10% of the market by 2017), and batteries and other energy storage devices (4.9%).
Nanotechnology is increasingly impacting the U.S. and world energy balance, both on the supply and demand sides. On the supply side, nanotechnology is being used to optimize production from existing energy sources (e.g., crude petroleum) and to exploit new sources such as heavy oil, liquefied coal, and solar energy (including using solar energy to produce hydrogen). Nanotechnology is also improving and opening new possibilities for the transmission and storage of energy, especially electricity and possibly hydrogen in the future.
On the supply side, nanotechnologies have the potential to reduce energy consumption by making it possible to manufacture lighter and/or more energy-efficient cards and appliances. Nanotechnologies also can be used to improve energy efficiency in buildings.
Nanotechnology in Energy Applications will help its readers:
- Identify nanoscale materials and devices that currently are or in the future could be used in energy production or conservation applications
- Analyze and predict trends in the most likely application(s) for each of these materials and devices
- Project the resulting market for specific nanoscale materials and devices
- Estimate the potential net impact of nanoscale materials and devices on the global energy balance
- Identify manufacturers of renewable energy systems and associated advanced materials and devices that are most likely to benefit from the trends identified above.
This report is a business opportunity report intended especially for developers and vendors of nanoscale materials and devices that target the energy systems market. It also should be useful to vendors of energy systems interested in understanding where the market is headed with respect to nanoscale-enabling technologies.
Other readers who will find the report’s findings and conclusions informative include:
- Members of the energy trade, professionals, and advocacy organizations
- The general nanotechnology interest community
- Officials of government agencies and multinational organizations concerned with energy developments and nanotechnology.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: "Nanotechnology in Energy Applications".