Nanomaterials in the power engineering industry: Market trends and application prospects

Abstract

The increase in the global consumption of marketed energy from all fuel sources (except coal) is regarded as a key factor driving power engineering industry (PEI) market growth. The absence of radical change in the structure of investment in PEI until 2030, with domination of investing equipment for the thermal power industry (with the exception of the year 2020) along with the essential growth of investment in the nuclear power industry is stated in the article. The authors focus on the significant potential of nanomaterials development and application for providing the PEI growth based on the new technological solutions and optimized technologies. Most widely used nanomaterials in the PEI worldwide, major fields and promising areas of nanomaterials application in the industry aimed at improving technology of the equipment's fuel and structural elements construction, increasing efficiency of existing equipment, and developing renewable energy sector are examined. Contemporary trends and prospects for the PEI selected nanomaterials markets, their key players, positive and negative factors of market growth are identified.