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Nanotechnology in the energy sector is about to experience massive growth
With the use of nanotechnology in the energy sector for the improvement of energy manufacturing, transformation, storage and saving processes, RNCOS anticipates that the market for nanotechnology in energy applications will reach 700 million US dollars in the 2013, at a CAGR of around 50% since 2010. According to its research report "Nanotechnology Market Forecast to 2013", the expected growth in the nanotechnology market will be driven, to a large extent, by investment Massive R&D in nanotechnology by both governments and the business world. Furthermore, nanotechnology-based products will have an impact in almost all industrial sectors.
According to the report, the Asia-Pacific region will experience the fastest growth. Several countries such as the US, Germany, Japan, South Korea, Taiwan, France, the UK, China, Brazil, Russia and Australia have been studied in the report, all of them having been chosen for their growth potential. To analyze the performance of the nanotechnology industry, it was divided into R&D funding and application areas. Electronics, cosmetics, defense and other emerging application areas have been covered in the report.
In addition, current market trends and future growth areas were identified, and according to the report, nanocoats, nanomedicines, nanofibers and other markets will be the key growth areas going forward.
"Nanotechnology Market Forecast to 2013" is a comprehensive research report that provides valuable analysis of the nanotechnology market around the world. The research will provide a prudent analysis of the nanotechnology industry by studying the latest developments and their impact on the market.