Category : Energy and Power | Published at : May-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The global graphene battery market is anticipated to grow at a CAGR of around 22% in terms of revenue during the forecast period 2020 – 2027 and to reach the market value of around US$ 23 Bn by 2027.
Graphene batteries are a potential path ahead for various vertical sectors as a strategy for energy storage. Graphene-based batteries are made of components used for electrical use, such as lithium ion, plasma acid and lithium sulphur in various types of batteries. Few layers and nano platelets have recently made graphene content possible by supplying improved energy storage to significantly boost handheld electronics and electronic automobiles.
The report provides analysis of global graphene battery market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Dynamics
The rising demand for electric cars and the growing penetration of consumer electronics is projected to have a positive impact on the growth of the industry. A major factor driving growth on the global graph battery market is the demand from end use industries. Many of the major end-user sectors include electronic, autos, industrial, and healthcare, among others. Developing economies worldwide are projected to fuel the demand as a result of rising industrialisation among urbanisation. The rising demand for graphic batteries for electric vehicles is projected to fuel the growth of the graphene battery industry in developing economies including Europe and North America. Nevertheless, high prices of the graphic electrode material are a significant factor that poses a challenge for the graphene battery market growth. Moreover, lack of knowledge about its technological potential is also a factor which restricts the growth of the graphic battery industry.
Regional Stance
Asia Pacific governs the global market and is projected to be the fastest growing market with a increasing CAGR during the forecast timeframe. Throughout the Asia-Pacific developing countries, fast industrial and urban development is accelerating graphene battery production. In addition, the growing demand for the region's consumer electronics has contributed to an improvement in the graph battery adoption rate. The increasing parity of procurement power in the region has also increased the selling of vehicles, which leads to the development of the sector. The major users of graphene batteries in the world are in China, India and Japan.
The Latin America and Middle East & African battery graphene demand for is predicted to grow at a considerable CAGR, due to rapid technological advances.
Report coverage
The market research study on “Graphene Battery Market (Graphene Battery Market By Type: Lead-acid Batteries, Li-sulfur Batteries, Li-ion Batteries, Supercapacitors; Graphene Battery Market By Application: Automotive, Healthcare, Energy, Electronics, Industrial Robotics, Aerospace & Defense) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Graphene Battery market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Graphene Battery market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Graphene Battery market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Graphene Battery market is segmented as below:
Market Segmentation
Graphene Battery Market By Type
- Lead-acid Batteries
- Li-sulfur Batteries
- Li-ion Batteries
- Supercapacitors
Graphene Battery Market By Application
- Automotive
- Healthcare
- Energy
- Electronics
- Industrial Robotics
- Aerospace & Defense
Graphene Battery Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Key Players and Market Situation
Participants include major global players such G6 Materials Corp., Cabot Corporation, XG Sciences, Cambridge Nanosystems Ltd., Graphenano S.L., NanoXplore Inc., GrapheneNanoChemplc, Graphenea S.A., Others.
The main approaches that are of value to local producers are sustainable pricing policies and a shorter time to supply goods. In 2015, XG Sciences announced Samsung Ventures strategic interest in financing work into more effective use of graphene in industrial applications.
Frequently Asked Questions
Graphene batteries are a potential path ahead for various vertical sectors as a strategy for energy storage.
A major factor driving growth on the global graphene battery market is the demand from end use industries.
The global graphene battery market is anticipated to grow at a CAGR of around 22% in terms of revenue during the forecast period 2020 – 2027.
The global graphene battery market is expected to reach the market value of around US$ 23 Bn by 2027.
Asia Pacific governs the global market and is projected to be the fastest growing market with a increasing CAGR during the forecast timeframe.
The Latin America and Middle East & African battery graphene demand for is predicted to grow at a considerable CAGR, due to rapid technological advances.
The key players of graphene battery market such as G6 Materials Corp., Cabot Corporation, XG Sciences, Cambridge Nanosystems Ltd., Graphenano S.L., NanoXplore Inc., GrapheneNanoChemplc, Graphenea S.A., Others.
