Global Quantum Batteries Market Study - Forecast to 2023: CAGR to Grow at 24.78% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 5, 2018--The “Global Quantum Batteries Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
The global quantum batteries market is projected to expand at a CAGR of 24.78% over the forecast period of 2017-2023.
Growing electronics industry will boost the growth of the global quantum batteries market in the forecast period. Also, the adoption of quantum computing is further propelling the market growth. The United States from the North American region is expected to show a significant market share while China from the Asia Pacific region is racing towards the development of quantum computers.
Scientists are very close to developing world’s fastest charging battery known as the quantum battery which utilizes the unique property of quantum mechanics. A new research in the University of Adelaide is aiming towards the development of world’s first quantum battery under the supervision of Dr. James Quach. Dr. Quach, a quantum physicist says that unlike ordinary batteries the quantum batteries would charge much faster using the property of Entanglement and it is because of this property only the charging process of the battery speeds up.
There are only a few market players currently dealing with the manufacturing and sales of quantum batteries. Many of them are in the research phase where big companies like Volkswagen have already successfully modeled key molecules such as lithium-hydrogen and carbon chains on quantum computers. By using the newly developed algorithms the Volkswagen experts laid the foundation for the simulation and optimization of the chemical structure of the high-performance electric vehicle (EV) batteries on a quantum computer.
Highly specialized Data Scientists, computer linguistics and software engineers are all working hard at San Francisco and Munich’s IT labs in developing the potential of quantum computers applications beneficial for the company. The company is working in collaboration with tech partners Google and D-Wave providing Volkswagen experts access to their systems.
Key Topics Covered
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. GLOBAL QUANTUM BATTERIES MARKET BY INDUSTRY VERTICAL
5.3. Renewable Energy
6. GLOBAL QUANTUM BATTERIES MARKET BY GEOGRAPHY
6.1. North America
6.2. South America
6.4. Middle East and Africa
6.5. Asia Pacific
7. COMPETITIVE INTELLIGENCE
7.1. Market Share Analysis
7.2. Recent Deals and Investment
7.3. Strategies of Key Players
8. COMPANY PROFILES
8.1. QuantumScape Corporation
8.2. Volkswagen AG
8.3. Duracell Inc.
8.4. Quantum Instruments
For more information about this report visit https://www.researchandmarkets.com/research/35g5bw/global_quantum?w=4
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Related Topics:Battery Technology
KEYWORD: ASIA PACIFIC NORTH AMERICA CHINA
INDUSTRY KEYWORD: ENERGY OTHER ENERGY TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/05/2018 06:13 AM/DISC: 12/05/2018 06:12 AM