A nanowire battery is a new type of lithium-ion battery, which uses nanowires to increase the surface area of one or both the electrodes. Nanowire batteries are currently under the research and development phase. They are being considered as a long-term replacement for lithium-ion batteries, which are being used extensively for powering consumer electronics and electric vehicles.

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The nanowire battery’s ability to hold a higher amount of charge for a more extended time period makes it an attractive alternative to lithium-ion batteries in the future. Battery manufacturing companies are planning to launch silicon, germanium, transition metal oxides, and gold-based nanowire batteries in the near future.

The market growth is mainly attributed to rising demand for batteries with high charge retention capacity, increasing expenditure on R&D activities by automotive companies, and growing consumer electronics industry. The nanowire battery market is expected to reach USD 243 million by 2026 from USD 53 million in 2021, at a CAGR of 35.7%. Sila Nanotechnologies (US) and NEI Corporation (US), are the leading players in the nanowire battery market.

Sila Nanotechnologies is at the forefront of commercializing its lithium-ion battery using 100% silicon as the anode. The company claims that silicon dominant battery technology can be integrated easily with the existing battery manufacturing process making mass production of its silicon nanowire batteries easier. Sila Nanotechnologies is growing rapidly in North America with additional operating locations in Europe and Asia with an aim to partner with leading companies in the consumer electronics and automotive industries to grow its business in the coming years.

• In March 2018, the company entered into a partnership with BMW Group (Germany), to jointly develop batteries with high-energy density by using silicon in place of graphite as the anode material. BMW expects to incorporate the new batteries into its electric vehicles by 2023.

NEI Corporation is an important player in the nanowire battery market. The company manufactures high-performance battery electrode materials and specialty nanoscale materials for diverse applications. Through its technological expertise, the company has established itself as a recognized brand in the field of nanotechnology. Apart from manufacturing, NEI Corporation is also focusing on R&D related to battery technology and assists its customers by providing high-quality R&D services to develop next-generation batteries.

• In May 2018, the company launched NANOMYTE SE-50. The new solid electrolyte is a hybrid polymer-ceramic composite material for use in lithium-ion batteries. SE-50 features high ionic conductivity and is compatible with 5V cathode materials.

The other players in the market include Amprius (US), Nexeon (UK), NEI Corporation (US), XG Sciences (US), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), Enevate (US), ACS Materials (US), Novarials Corporation (US), Boston Power (US), Lithium Werks (Netherlands), and Targray (Canada).