The GMI Research expects the graphene battery market to expand at an increasing rate. From a regional perspective, the Asia-Pacific is expected to increase at a faster CAGR due to the high adoption of electric vehicles in Japan and China. The increasing awareness among the customers related to the benefits of graphene batteries will surge the market’s demand.
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Graphene Battery Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The rising government regulation for the adoption of electric vehicles to decrease carbon emissions is a significant factor propelling the growth of the global graphene battery market size. Graphene batteries have numerous advantages, including durability, light-weight, high-efficiency, and high capacity energy storage. These specifications fuel the demand for graphene batteries in the consumer electronics sector and automotive sector. According to the graphene battery market report, the increasing investments in the R&D activities for the technological advancements to develop innovative products will boost the growth of the market during the forecast period. The increasing progress in the sales of electric vehicles is projected to drive the growth of the graphene battery market.
The automotive sector and consumer electronics industry are increasingly adopting graphene-based batteries owing to their various benefits, including rising charging capacity, growing charge cycles, increasing duration to hold a charge, and high effectiveness in high temperatures. The increased durability of graphene-based batteries is growing the sales of electric vehicles fitted with these batteries as they are more suitable for long-distance traveling with lesser charging time. These advantages play an important part in fuelling the growth of the global graphene battery market.
Type Segment Drivers
Based on the type, the market is segmented into lithium-ion graphene battery, lithium-sulfur graphene battery, graphene supercapacitor, and others. The lithium-ion graphene battery segment is expected to grow at a higher CAGR during the forecast period. Lithium-ion batteries have numerous applications in the automotive sectors and consumer electronics sectors. This factor is accelerating the demand for these batteries than the other batteries due to its various benefits, including durable, shorter charging times, appropriate for high capacity energy storage, and light-weight. All these factors are energizing the growth of the segment.
Graphene Battery Market’s leading Manufacturers:
- Nanograf Technologies
- Grupo Graphenano
- XGSciences
- Global Graphene Group
- SAMSUNG SDI CO., LTD.
- Graphene 3D Lab, Inc.
- Vorbeck Materials Corp
- Huawei Technologies Co., Ltd.
- Nanotek Instruments, Inc.
- Hybrid Kinetic Group Ltd.
Graphene Battery Market Segmentation:
Segmentation by Type:
- Lithium-ion graphene battery
- Lithium-Sulphur graphene battery
- Graphene Supercapacitor
- Others
Segmentation by End-Use Industry:
- Consumer Electronics
- Smartphones
- UPS
- Laptops
- Automotive
- Battery Electric Vehicles
- Plug-In Hybrid Electric Vehicles
- Industrial
- Mining Equipment
- Construction Equipment
- Power
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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