- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
The increasing desire for energy independence in the face of growing global competition for oil, Middle Eastern political instability and concerns over carbon emissions is causing many energy companies to look for technological solutions.
A new report from Cientifica, "Nanotechnologies for the Energy Markets" indicates that the primary impact of nanotechnologies will be in more efficient use of existing resources rather than the creation of new supplies from solar and hydrogen based technologies.
Using a new economic model based on primary research that quantifies the impact and diffusion of nanotechnologies over time, allowing accurate quantification of market impacts the report concludes that
* The most immediate opportunities lie in saving energy through the use of advanced materials and this is already a $1.6 billion dollar market, predicted to rise to$ 51 billion by 2014
* Despite advances in battery technology, hydrogen storage and fuel cells, energy saving technologies will exhibit faster growth, accounting for 75% of the market for nanotechnologies in 2014, up from 62% in 2007
* The adoption of energy generation technologies is highly sensitive to geopolitical factors and consumer acceptance, while energy saving technologies exhibit no such problems
* Solid state lighting, nanocomposite materials, aerogels and fuel borne catalysts will have the greatest impact between now and 2014
* Compound annual growth rates are 64% for energy saving technologies and 90% for energy generation, while energy storage applications show a comparatively lowly 30%.
* Applications in transportation will increase to $50 billion by 2014 with a CAGR of 72%
Cientifica CEO Tim Harper commented "by 2014, 75% of the applications of nanotechnology surveyed will be in the transportation sector, with the major benefits being reduced emissions and greater drive train efficiency."
Cientifica research director Hailing Yu added "the use of nanomaterials to increase energy efficiency represents a major global opportunity. While nanotechnologies will definitely play a role in the creation of renewable energy resources, the smart money today is on nanomaterials."
The 200-page report also provides a comprehensive look at all energy related applications of nanotechnologies with full technology and company listings and is available immediately to Cientifica clients from http://www.Cientifica.com .
Científica is the world's largest and best established nanotechnology information and consultancy company. With a global network of partners, Cientifica provides information and research to thousands of clients worldwide. Cientifica analysts look beyond the hype and behind the numbers to provide relevant and focussed business intelligence.
For more information, please click here
+44 7894 70 89 89
Copyright © Business WireIf you have a comment, please Contact us.
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
|Related News Press|
Infrared instrumentation leader secures exclusive use of Vantablack coating December 5th, 2016
Leti IEDM 2016 Paper Clarifies Correlation between Endurance, Window Margin and Retention in RRAM for First Time: Paper Presented at IEDM 2016 Offers Ways to Reconcile High-cycling Requirements and Instability at High Temperatures in Resistive RAM December 6th, 2016
Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers
Fast, efficient sperm tails inspire nanobiotechnology December 5th, 2016
Throwing new light on printed organic solar cells December 1st, 2016
'Back to the Future' inspires solar nanotech-powered clothing November 15th, 2016