2018 Nanotechnology and Fuel Cell Research Review
- The global market for proton exchange membrane fuel cell (PEMFC) membrane electrode assembly (MEA) components should grow from $766 million in 2017 to $2.6 billion by 2022, at a compound annual growth rate (CAGR) of 27.9% for the period of 2017-2022.
- The global market for nanocomposites should grow from $2.0 billion in 2017 to reach $7.3 billion by 2022, at a CAGR of 29.5% for the period of 2017-2022.
- The global market for nanofiber products should grow from $927 million in 2018 to $4.3 billion by 2023, at a CAGR of 36.2% for the period of 2018-2023.
In recent years, nanotechnology has gained popularity across the world with advanced and modernized innovations in various applications including composite materials, nanoparticles, fabrication technologies, small machine equipment manufacturing and many others. Essentially, nanotechnology is deeply integrated in various industrial applications, providing advances in process delivery and cost-effective applications in industries such as food and beverage, healthcare and life science, electronics, energy, aerospace, chemical and many others.
Specifically, nanotechnology is being prominently used in fuel cell applications, as the fuel cell manufacturers applying platinum nanoparticles to lower the amount of platinum in cells for cost reduction. With surge in fuel cell electric vehicle production, nanotechnology application in fuel cell is expected to increase further. U.S. Department of Energy, The National Renewable Energy Laboratory (U.S.), and Union of Concerned Scientists (U.S.) are doing research for hydrogen powered fuel cell to make it more efficient, low cost and commercially viable.
Moreover, miniaturization in the electronic industry is leading to the introduction of new semiconductor manufacturing processes. For integrated circuits (ICs), comprising of nanofiber are experiencing great demand in the industry. Nanofiber can withstand high amount of heat generated in electric power modules and exhibits good conductivity.
This nanotechnology and fuel cell research review provides a sampling of the type of quantitative market information, analysis and guidance that has been aiding business decision making since BCC Research was founded in 1971. It includes highlights of reports published in 2018 and first two months of 2019 on the following nanotechnology and fuel cell markets:
- FCB043A Residential Energy Storage, Blockchain and Energy Sharing Systems: Technologies and Global Market.
- FCB035F Materials for Proton Exchange Membranes and Membrane Electrode Assemblies for PEM Fuel Cells.
- NAN021H Nanocomposites, Nanoparticles, Nanoclays and Nanotubes: Global Markets to 2022.
- NAN043E Global Markets and Technologies for Nanofibers.
- NAN062A Nanodevices and Nanomachines: The Global Market.
We hope you find this Research Review valuable, and we look forward to serving our customers' engineering market research needs.
BCC Research Staff
BCC Research Staff comprises expert analysts who are skilled in conducting primary research, secondary research and data analysis and have decades of combined experience covering a wide range of industries, including healthcare, advanced materials and emerging technologies. Collectively, the team represents a diverse set of educational achievements with individual graduate work completed in fields such as microbiology, electrical engineering, business administration and surgery, among others.
Frequently Asked Questions (FAQs)
- Global consumption of advanced and nanoscale ceramic powders will rise from $9 billion in 2013 to $12.1 billion in 2018, a compound annual growth rate (CAGR) of 6.2% over the next five years.
- Global consumption of nanocomposites is expected to grow in unit terms from nearly 225,060 metric tons in 2014 to reach nearly 584,984 metric tons in 2019, a compound annual growth rate (CAGR) of 21.1% for the period of 2014 to 2019.
- The global market for quantum dots (QDs) was estimated to generate $121.0 million in revenues in 2013. This market is expected to reach about $1.1 billion in 2016 and about $3.1 billion by 2018, at a compound annual growth rate (CAGR) of 90.8% for the five-year period, 2013 to 2018.
- The global market for picoprojectors was valued at $491.4 million in 2012. Total market value is expected to reach $776.1 million in 2013 and nearly $5 billion by 2018, after increasing at a five-year compound annual growth rate (CAGR) of 44.9%.
- Revenues for the global laser market reached nearly $2.4 billion in 2012 and are expected to reach nearly $2.6 billion in 2013. The market is expected to rise at a compound annual growth rate (CAGR) of 5.8% between 2013 and 2018 and reach $3.4 billion by 2018.
- The global market for optical coherence tomography (OCT) grew from $580.8 million in 2011 to $645.4 million in 2012 and is predicted to increase to nearly $1.1 billion by 2017, at a CAGR of 10.4% from 2012 to 2017.
THIS NANOTECHNOLOGY RESEARCH REVIEW PROVIDES:
- Overview of the market for nanoparticles in the life sciences on a global basis including descriiption of leading and emerging drug products, major players in nanoparticle drug delivery field and methods of nanoparticle formation.
- Overview of global markets for nanocomposites, nanoparticles, nanoclays and nanotubes including information on types of nanocomposites, their properties and applications.
- Overview of global markets and technologies for carbon nanotubes (CNTs) including information on history of nanotubes, properties of CNTs and applications of CNTs.
- The global market for nanostructured products used in water treatment was worth an estimated $1.4 billion in 2010 and will grow at a compound annual growth rate (CAGR) of 9.7% during the next 5 years to reach a value of $2.2 billion in 2015.
- The global market for quantum dots (QDs) was worth an estimated $67 million in 2010 and $103 million in 2011. This market is projected to grow at a CAGR of 59.3%, reaching $666 million by 2015, a tenfold increase.
- Global consumption of nanocomposites was an estimated 138,389 metric tons with a value of $920 million in 2011. By 2016, the market should amount to 333,043 metric tons and $2.4 billion, a five year CAGR of 19.2% in unit terms and 20.9% in value terms.
The global market for carbon nanotube grades—comprising commodity (MWNTs) and specialty single- walled carbon nanotubes (SWNTs), few-walled carbon nanotubes (FWNTs)—generated an estimated $100 million in revenues in 2009. This market is projected to grow over the next 5 years at a compound annual growth rate (CAGR) of 58.9%, reaching more than $1 billion by 2014. The CNT commodity grade will provide by far the biggest technology push driven especially by polymer composites.
BCC estimates the global market for nanotechnology products at about $15.7 billion in 2010, growing to approximately $26.7 billion by 2015, a compound annual growth rate (CAGR) of 11.1% from 2010 through 2015. This figure includes well-established commercial nanomaterials applications, such as nanoparticle-based sunscreen products and nanocatalyst thin films for catalytic converters, as well as new technologies, such as nano-thin film solar cells, nanolithographic tools, and nanoscale electronic memory.
Sales of nanofiber-based products are projected to continue growing at a very healthy rate during the next 5 years, driven by further penetration of nanofibers in the above sectors and by various newer, high-tech applications that are entering mainstream commercialization in other fields such as the consumer and medical/biological/ pharmaceutical sectors. The total market for nanofiber products is forecast to grow at a compound annual growth rate (CAGR) of 34.3% through 2015, and at a 37.2% CAGR from 2015 through 2020, reaching nearly $2.2 billion in total revenues by 2020.
- An extensive patent analysis.
- An in-depth assessment of the unfolding commercial markets.
- Progress in the synthesis and commercial scale-up of CNTs.
- Extended compilation of the producers and end users dictating market development.
- A 5-year projected market analysis of the emerging CNT industry.