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NanoMarkets Report Examines Opportunities for New Materials and Devices in Smart Grid

Published on December 1, 2009 at 6:44 PM

According to a newly released report from NanoMarkets, an analyst firm that tracks and analyzes emerging market opportunities in energy and electronics markets created by developments in advanced materials, Smart Grid infrastructure requirements will create significant opportunities for advanced materials suppliers ranging from new compound semiconductors to the latest nanomaterials. NanoMarkets' new report, "Opportunities for New Materials and Devices in the Smart Grid: 2010 to 2017" also claims that new Smart Grid infrastructure products will create a $12 billion ($US) revenue opportunity for suppliers of components, wires, cables, storage devices and insulators. Additional details about the report can be found at www.nanomarkets.net.

Members of the press may request an executive summary.

Key findings of the report include:

  • The use of composite materials in the Smart Grid will allow it to carry much larger currents and voltages than today. These materials are already making a difference in the form of composite cabling that offer two to four times the capacity of conventional transmission cabling. Within a few years nanocomposite dielectrics will be used as fillers in grid insulators with dramatic improvements in voltage endurance, breakdown strength, component size, and aging characteristics. By 2017, such "nano-dielectrics" are expected to account for more than $500 million in revenues.
  • Silicon Carbide is already beginning to replace silicon in grid power electronics devices and Gallium Nitride, Zinc Oxide and industrial diamond may also in the future. Using devices made with these materials, electricity grids will be able to carry more electricity and there will be fewer switching devices needed than in today's grid infrastructure; switching losses are said to be half of those for equivalent silicon devices. By 2017, NanoMarkets projects that over $400 million in non-silicon power electronics devices will be sold into grid applications.
  • By 2017 about $350 million will be spent on superconducting cables and fault current limiting (FCL) devices for the Smart Grid. Initially, superconductive cabling will be used in short lengths in strategic areas such as grid interconnects, but expected price declines will eventually drive superconductors into long-haul transmission systems. Deploying superconductors in Smart Grid cabling will reduce line losses, assure stable voltage, and expand current carrying capacities. Only nanotubes wires promise higher conductivity than superconductors but nanotube wire deployment lies many years in the future.

About the Report:

NanoMarkets' new report provides the firm's latest analysis and forecasts of Smart Grid components utilizing advanced materials. This report includes projections of these components in volume and value terms for the next eight years and it identifies the key materials that will lead to a new level of performance in the transmission and distribution of electricity. In addition to the areas mentioned above, this report covers SF6 elimination, nanotubes wires, grid batteries and supercapacitors.

Firms discussed in this report include: 3M, A123, Air Liquide, Alcan, Alcoa, Altair, American Superconductor, Axion, Beijing Superconductor, BOC, Bruker, Cellenium, Composite Technology Corporation, Composite Technology Development, Cree, Entec, evico, Firefly, Fujikura, Furukawa, GE, General Cable, Honeywell, Huntsman, Hypertech, Hyundai, Infineon, Innopower, Innova, International Rectifier, Lamifil, LS Cable, MetOx, Nexans, NGK, NKT, Philips, Preformed Line Products, Prudent Energy, SemiSouth, Showa, Siemens, Silicon Power, Southwire, Sumitomo, SuNAM, SuperPower, ThyssenKrupp, Toshiba, Transic, Velox Semiconductor, VFuel, Wire Rope and Zenergy.

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