Graphene Battery Market, Business Opportunities, Leading Players, Overview, Industry Statistics, Revenue and Future Investments 2025
Graphene Battery or graphene-based battery is eco-friendly by nature. Its properties such as lightweight, flexibility, and chemically inertness helps graphene batteries to find its applications in many end-user industries. Graphene Battery is ideal for applications where high energy storage and shorter charging time are required.
The global graphene battery market is growing
rapidly mainly due to the growing demand for electric vehicles and the
increasing market penetration of consumer electronics. Besides, factors such as
the augmenting demand from some of the burgeoning end-use industries including
automobiles, electrical & electronics, aerospace & defense, energy, and
health care escalate the graphene
battery market on the
global platform.
Acknowledging the enormous growth, the market
perceives currently, Market Research Future (MRFR) in its recently published
study report asserts that the graphene battery market will accrue colossally by
2023 registering a striking 10% CAGR during the forecast period (2016
-2023). The rapidly increasing
urbanization and industrialization in the developing regions are expected to
boost the market in the years to come.
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Additional factors substantiating the market growth
include the growing population and improving economic conditions that are
increasing consumers’ purchasing power. Also, stringent regulatory frameworks
and a high rate of technology adoption are expected to impact the market growth
positively.
Global Graphene Battery Market - Segmentations
MRFR
has segmented its analysis into two key dynamics for the convenience of
understanding.
By Product Types:
Li-Ion Battery, Li-Sulphur Battery, Supercapacitor, and Lead-Acid Battery among
others.
By End-Use Industries:
Automobiles, Electrical & Electronics, Aerospace & Defense, Energy, and Healthcare,
among
others.
By
Regions: North America, Europe, APAC, and Rest-of-the-World (RoW).
Global Graphene Battery Market - Geographical Analysis
The Asia Pacific region accounted for the leading
market for graphene batteries in the year 2015 and is further estimated to grow
at a significant CAGR during the forecast period (2016-2023). Availability of a cost-comprehensive labor force and growing exports are some of the key factors substantiating the
market growth in the region. Rapidly increasing industrialization and
urbanization in the region are fuelling market growth. Also, the growing
demand for consumer electronics in the region that has increased the adoption
of graphene batteries is positively impacting the market growth.
Furthermore, improving economic conditions in the
region that are increasing the purchasing power of consumers are allowing the
augmenting sale of automobiles, which is further contributing to the market
growth in the region. Owing to the surging demand for graphene batteries backed
by the growing investments in the industrial sector and improved standard of
living in some of the APAC countries such as India, China, and Japan the market
size is widening considerably.
The North American region is another lucrative
market for graphene batteries, globally. Factors substantiating the market
growth include the presence of numerous producers and the substantial
demand for the product from the various end-user industries such as electronics
and automobiles mainly in the countries like the US, Canada, and Mexico.
The US-backed by the greater penetration of
end-user industries such as aerospace and healthcare among others, accounts for
the major contributor to the market growth among other North American
countries. Furthermore, stringent regulations promoting the reduction of
automobile emission is positively impacting the market growth.
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Whereas, the European region is emerging as one of
the promising markets for graphene batteries, worldwide. Factors such as the
growing applications in the well-developed end-user industries such as
automotive, aerospace, and energy support the market growth in the region.
Owing to the major growth contributor countries such as Germany, UK, and
Russia, the market in the region is expected to create a large revenue pocket
over the forecast period. Other factors such as strict regulatory framework and
high rate of technology adoption are estimated to enable the regional market to
witness significant growth.
Global Graphene
Battery Market – Competitive Analysis
The graphene battery market is highly
competitive. Manufacturers are competing
on the basis of price, quality, innovation, reputation, and distribution.
Innovation, mergers & acquisitions, and brand reinforcement remain the key
trends for leading players in the graphene battery global market.
These strategies are expected to improve product
quality and increase production capacity to meet the rapidly growing demand,
particularly from the emerging regions. With increasing industrialization and
upgradation, manufacturers are setting up facilities to meet the demand for
calcium silicate in the most efficient manner. Many manufacturers are making
high investments into R&D of Calcium Silicate which is anticipated to
impact the market positively.
Key
Players:
Some of the eminent leaders of the market include
SINODE SYSTEMS (U.S.), Grupo Graphenano (Spain), Graphene NanoChem (U.K), XG
Sciences (U.S.), Angstron Materials Inc (U.S)., Vorbeck Materials (U.S.),
NanoXplore Inc. (Canada), Graphene 3D Lab Inc (U.S.)., Cambridge Nanosystems
Ltd (U.K), and Graphene Batteries AS (Norway).
Industry/
Innovation/ Related News:
September
25, 2018 – The research team
at the Key Laboratory of Graphene Technologies and Applications, Zhejiang and
Advanced Li-ion Battery Engineering Lab (China) published their research of a
graphene-based aluminum-air battery system they have developed.
The new battery system has a high energy density with
20 kWh capacity and 1000 W output power. It can supply powers for a desktop PC,
TV set, ten 60-watt bulbs, and an electric fan simultaneously and continuously
for 20 hours, at least. The team has also set up the laboratory-scale
production line with a capacity of 3000 systems per year. The 5 KW-scale
aluminum-air battery system is under development at present.
September
05, 2018 – The Honor Mobile
Company (China), a leading smartphone e-brand under Huawei Group while
unveiling its new premium smartphone Honor Magic 2 at IFA 2018, also revealed
that the Magic 2 would feature a graphene-based battery which will support 40W
fast-charging technology mentioned as Magic Charge.
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