Graphene Battery Market Segmentation by Battery Type (Li-ion Batteries, Li-Sulphur Batteries, Supercapacitor, and Lead-Acid Batteries); by Application (Automotive, Electronics, Energy, Aerospace & Defense, Industrial Robotics, and Healthcare)-Global Demand Analysis and Opportunity Outlook 2031

Global Graphene Battery Market Highlights over 2022-2031

The global graphene battery market was valued at USD 50 million in 2021 and is expected to further expand at a compound annual growth rate of 33% during the forecast period, i.e., 2022-2031. Graphene battery is one of the most efficient energy storage alternatives in the world because graphene has proved to be an effective conductor, with an extremely flexible nature and a large surface area. The growth of the market can be attributed to the commercialization of graphene which further led to battery improvement and provided effective energy storage solutions. Moreover, some key characteristics of graphene batteries, such as fast charging ability, rise in the number of charging cycles, and long-term maintenance are further driving the growth of the market. In addition to these, as electric vehicles and portable electronics use graphene batteries for charging purposes, the demand for graphene batteries is rising, which is also expected to contribute to the growth of the global graphene battery market.

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COVID-19 has greatly impacted the graphene battery market. Many companies have now shifted their focus from creating long-term strategies to short-term sustainable practices to survive in the market.

However, lack of awareness regarding graphene technology, and inadequacy to commercialize graphene batteries are the key factors restraining the growth of the market.

The market is segmented by battery type into li-ion batteries, li-sulphur batteries, supercapacitors, and lead-acid batteries, out of which, the li-ion batteries segment is expected to hold the largest share of the market during the forecast period. The growth of the segment is attributed to the key advantages of graphene in Li-ion batteries, such as improvement in battery performance, higher conductivity and capacity, and chemical stability enhancement.

Based on application, the market is segmented into automotive, electronics, energy, aerospace & defense, industrial robotics, and healthcare. Graphene battery-powered electric vehicles (EVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs) are rapidly emerging as it provides ultra-fast charging, by charging up to 60 times quicker than its alternatives, and highly boost the levels of energy recuperated through braking. Owing to these factors, the automotive segment is projected to witness growth at the highest rate over the forecast period.

Global Graphene Battery Market Regional Synopsis

Regionally, the global graphene battery market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Among these, Europe region is estimated to hold the largest share of the market on the back of the presence of a large number of graphene-producing companies in the region.

Furthermore, the market in Asia-Pacific is estimated to grow rapidly during the forecast period owing to the growing awareness of non-conventional energy resources and an increase in the adoption of CO₂ emissions guidelines.

Market Segmentation

Our in-depth analysis of the global graphene battery market includes the following segments:

By Battery Type:

• Li-ion Batteries

• Li-sulphur Batteries

• Supercapacitor

• Lead-acid Batteries

By Application

• Automotive

• Electronics

• Energy

• Aerospace & Defence

• Industrial Robotics

• Healthcare

Growth Drivers and Challenges Impacting the Growth of the Global Graphene Battery Market.

Growth Drivers:

• Commercialization of graphene leading to battery improvement with effective energy storage solutions.

• Key characteristics of graphene batteries, such as fast charging ability, rise in number of charging cycles, and long-term maintenance

•  Increasing use of graphene batteries for charging purposes

Challenges:

• Lack of awareness regarding graphene technology

• Inadequacy to commercialize graphene batteries

Key Companies Dominating the growth of the Global Graphene Battery Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global graphene battery market that are included in our report are Cabot Corporation, Cambridge Nanosystems Ltd., G6 Materials Corp., Grupo Graphenano, Graphene NanoChem plc, Graphenea, Inc., NanoXplore Inc., Real Graphene, Vorbeck Materials Corp., XG Sciences, Inc., and others.

Latest Developments in the Global Graphene Battery Market

• January 2022: Nanotech Energy presented its new graphene battery at CES Unveiled that can charge 18 times faster than anything available in the market. The graphene technology battery is going to be produced in a new plant in Nevada and is slated to be available in the market by the fourth quarter of 2022.

• April 2021: Graphene Manufacturing Group Ltd. announced a research agreement with the University of Queensland’s Australian Institute for Bioengineering and Nanotechnology to manufacture commercial prototypes for graphene aluminum-ion batteries to be used in watches, phones, laptops, electric vehicles and grid storage, with an exclusive license of the technology.

 Key Reasons to Buy Our Report

• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact the market growth.

•  The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessments for overall growth.

• We provide customized reports as per the clients’ requirements helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goals.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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