TMR_Research_Reports_2017 Carbon Nanotubes for Electricity Generation Market | Page 2

Report Description
Carbon nanotubes have recently emerged as an important nanomaterial with enhanced properties such as high electrical & thermal
conductivity, aspect ratio, and toughness. They are considered the ideal candidate for electronic devices, biosensor hydrogen storage
cells, electrostatic discharge, and electrical shielding applications. To generate electricity, carbon nanotubes can be used in solar cells,
electrochemical capacitors, photo switching energy storage units, and bio-batteries. They are preferred in solar cells owing to their
light weight, extraordinary electrical conductivity, and light absorption properties.
Carbon nanotubes are found to be effective in electrochemical capacitors as they can provide a strongly entangled network which
allows metal oxide deposition. They are used in photo switching energy storage units because of their ability to store and use solar
energy. Thanks to advancements in the medical technology, implantable biomedical devices such as biocathodes employ carbon
nanotubes in their design.
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generation-market.html
Growing demand for composites which find application in the electrical & electronic and energy sectors is the key driver of the global
carbon nanotubes for electricity generation market. Similarly, the need for lightweight materials for energy storage in the aerospace,
defense, and electronics sectors is also propelling the market for carbon nanotubes for electricity generation. The developments in
various industries in Asia Pacific are another significant trigger for this market. Advancements in science and technology coupled with
research & development activities are also considered to be major drivers of the global carbon nanotubes for electricity generation
market.
In terms of product type, the global carbon nanotube market for electricity generation can be segmented into the multi-walled and
single-walled categories. The efficiency of single-walled carbon nanotubes is significantly higher than that of multi-walled ones.
However, the cost of the former is extremely high which is expected to hinder this segment. Multi-walled carbon nanotubes are cost-
effective and constitute a significant share in the global carbon nanotubes market for electricity generation. Carbon nanotubes are
generally used as a material in its composite form in order to achieve enhanced properties. They have also significantly penetrated the
energy storage sector. Applications of the product can be segmented into the following groups: solar cells, electrochemical capacitors,
photo switching storage units, and bio-batteries.
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