Nanotechnology in Energy Applications Market Size, 2014-2018
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The study and control of substance and processes at the nanoscale is known as nanotechnology. This field is cross-disciplinary in nature with applications in medicine, biology, material science, chemistry and physics. This technology is quite useful in utilizing conventional energy sources in a more efficient, safe and environment friendly manner. It also helps to tap into the full potential of renewable energy sources including biomass, solar, wind and geothermal power. Nanotechnology can be used in other energy applications such as reduction in losses during power transmission and managing complex power grids with frequently changing loads and decentralized feed-in stations.
The Global Nanotechnology in Energy Applications market is expected to grow at a CAGR of 49.2 percent during the forecast period.
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