Abstract
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 Automotive 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%
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