Graphene Battery Market

Analysts at GMI Research estimates that the Graphene Battery Market was worth USD 73 million in 2020, and forecast to touch USD 545 million in 2028, growing at a significant higher CAGR 28.5% from 2020-2028.

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The graphene battery market is forecast to witness a promising growth in the forthcoming years. Increasing adoption of graphene batteries is automotive and consumer electronic industries owing to the exceptional features which include light-weight, high-speed charging, efficiency, strength. Additionally, commercialization of graphene to improve battery performance and growing emphasis on research and development activities will further strengthen the market growth. According to the Graphene Battery Market report, strict government norms enforced across the nation to reduce carbon footprints have encourage the adoption of electric vehicles, thus, driving the market growth. For example, the U.S. EPA, in 2008, introduced National Emission Standard for Hazardous Air Pollutants (NESHAP) to direct the battery manufacturing process.

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End-Use Industry Segment Analysis

As per the Graphene Battery Market Analysis, Automotive end-use industry is projected to expand at a higher CAGR over the forecast period, primarily because of the growing environmental concern and emerging need for a clean and sustainable fuel. Increasing investment in research and development and growing demand for enhanced battery performance in automotive will augment the market growth.

Type Segment Analysis

Lithium-ion graphene battery type is estimated to lead the market over the upcoming years, owing to their increasing adoption across consumer electronics, automotive, and industrial applications. In addition, the low maintenance and higher energy-density characteristics of lithium-ion graphene batteries has increased their demand over conventional batteries, driving the segment’s size.

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Asia-Pacific is expected to grow at a higher CAGR during the forecast period, owing to the rapid industrialization, automation of residential areas, expansion of automobile industry, and growing awareness about the advantages of graphene batteries.

Various notable players operating in the market include 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., and Hybrid Kinetic Group Ltd., among others. 

Key Developments:

• • In 2019, Samsung announced to release a new smartphone installed with a graphene battery by 2021. It will be fully charged in 15-30 minutes, which is five times faster than traditional lithium-ion batteries that usually take 90 minutes to get fully charged.
  • In 2021, Nanotech Energy decided to expand manufacturing capabilities of graphene batteries. The high-volume facility will increase Nanotech Energy’s manufacturing capacity to produce and scale its non-flammable, patented, Graphene-Organolyte™ batteries and other graphene-powered products, including electromagnetic interference shielding, conductive inks, conductive adhesives, transparent conducting electrodes, and silver nanowires.

The global graphene batteries market has been segmented on the basis of type, end-use industry, and regions. Based on type, the market is segmented into lithium-ion graphene battery, lithium-sulfur graphene battery, graphene supercapacitor, and others. Based on end-use industry, the market is segmented into consumer electronics, automotive, industrial, power, and others. The consumer electronics segment is further segmented into smartphones, UPS, and laptops. The industrial segment is further segmented into mining equipment and construction equipment. The automotive segment is further segmented into battery electric vehicles and plug-in hybrid electric vehicles. Based on region, the global graphene battery market is segmented into North America, Europe, Asia-Pacific, and RoW. 

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Key questions answered in this research report:

• • At what pace is global graphene battery market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in graphene battery market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global graphene battery market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various end-use industry areas of global graphene battery market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Graphene Battery Market by Type

• • Lithium-ion graphene battery
  • Lithium-Sulphur graphene battery
  • Graphene Supercapacitor
  • Others

Global Graphene Battery Market 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

Global Graphene Battery Market by Region

• • North America Graphene Battery Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up
  • Europe Graphene Battery Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Graphene Battery Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Graphene Battery Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Graphene Battery (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 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.