TMR_Research_Reports_2017 Carbon Nanotubes for Electricity Generation Market | Page 3

The global carbon nanotubes market for electricity generation expanded significantly in 2016. This trend is estimated to continue
during the forecast period. On the basis of demand for the product, Asia Pacific has been dominating the carbon nanotubes market for
the past few years. The rising demand for carbon nanotubes in the composites, energy, electrical & electronics, and various industrial
end-user segments is an important trend boosting the usage of carbon nanotubes for electricity storage in Asia Pacific. North America
is considered a key region for the development of the carbon nanotubes market due to the demand for electricity storage in the
aerospace and defense sectors. U.S. is expected to drive the market growth for carbon nanotubes over the coming years. Technological
advancements coupled with research & development activities in Europe make it an attractive market for carbon nanotubes and a
growth opportunity in electricity generation. The presence of emerging economies both in Latin America and Middle East & Africa is
also projected to drive the global carbon nanotube for electricity gen