The global graphene battery market was valued at $48.8 million in 2019 and is projected to reach $398.6 million by 2027, to register a CAGR of 31.2% during the forecast period. The batteries which use graphene as electrode material are called graphene batteries. Graphene as electrode material can be used in various type of conventional batteries such as lithium batteries, lead batteries, lithium sulfur and material for supercapacitors.
Rise in sales of electric vehicles is majorly driving the growth of the graphene battery market, owing to extended range for long distance travelling and lesser charging time. Moreover, thriving portable electronics market is expected to boost market growth. Furthermore, increasing government investments in R&D are expected to provide lucrative growth opportunities. However, lack of awareness of graphene technology, and the incapability of the market for commercialization process of graphene battery are expected to hinder the growth of the graphene battery market.
The global graphene battery market is analyzed by battery type, application, and region. Based on battery type, it is fragmented into Li-ion batteries, Li-Sulfur batteries, supercapacitors, and Lead-acid batteries. The applications covered in this study include automotive, electronics, energy, aerospace & defense, industrial robotics, and healthcare. Based on region, the global graphene battery market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, Turkey, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market includes Cabot Corporation, Cambridge Nanosystems Ltd., G6 Materials Corp., Graphenano S.L., Graphene NanoChem plc, Graphenea S.A., NanoXplore Inc., Real Graphene USA, Vorbeck Materials Corp., and XG Sciences, Inc.
KEY MARKET SEGMENTS
BY BATTERY TYPE
BY APPLICATION
BY REGION
KEY PLAYERS
Rise in sales of electric vehicles is majorly driving the growth of the graphene battery market, owing to extended range for long distance travelling and lesser charging time. Moreover, thriving portable electronics market is expected to boost market growth. Furthermore, increasing government investments in R&D are expected to provide lucrative growth opportunities. However, lack of awareness of graphene technology, and the incapability of the market for commercialization process of graphene battery are expected to hinder the growth of the graphene battery market.
The global graphene battery market is analyzed by battery type, application, and region. Based on battery type, it is fragmented into Li-ion batteries, Li-Sulfur batteries, supercapacitors, and Lead-acid batteries. The applications covered in this study include automotive, electronics, energy, aerospace & defense, industrial robotics, and healthcare. Based on region, the global graphene battery market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, Turkey, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market includes Cabot Corporation, Cambridge Nanosystems Ltd., G6 Materials Corp., Graphenano S.L., Graphene NanoChem plc, Graphenea S.A., NanoXplore Inc., Real Graphene USA, Vorbeck Materials Corp., and XG Sciences, Inc.
KEY MARKET SEGMENTS
BY BATTERY TYPE
- Li-ion Batteries
- Li-Sulfur Batteries
- Supercapacitors
- Lead-acid Batteries
BY APPLICATION
- Automotive
- Electronics
- Energy
- Aerospace & Defense
- Industrial Robotics
- Healthcare
BY REGION
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- Turkey
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Cabot Corporation
- Cambridge Nanosystems Ltd.
- G6 Materials Corp.
- Graphenano S.L.
- Graphene NanoChem plc
- Graphenea S.A.
- NanoXplore Inc.
- Real Graphene USA
- Vorbeck Materials Corp.
- XG Sciences, Inc
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Graphene Battery Market, by Battery Type
Chapter 5: Graphene Battery Market, by Application
Chapter 6: Graphene Battery Market, by Region
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles
Executive Summary
According to the report titled, 'Graphene Battery Market by Type, Connectivity Technology, Application, and End User: Opportunity Analysis and Industry Forecast, 2020-2027” the global graphene battery industrysize was $48.8 million in 2019 and is projected to reach $398.6 million by 2027, to register a CAGR of 31.2% during the forecast period.Europe is expected to be the leading contributor to the global graphene battery market, followed by North America and Asia-Pacific.Graphene batteries form an upcoming way out in the field of energy storage solution for various industry verticals. Graphene-based batteries consist of graphene material being used as electrode material for different battery types such as lithium ion, lead acid, and lithium sulfur. Few layer and nano platelets graphene material have recently enabled the dramatic improvement of portable electronics and electric vehicles by providing better means to store electricity.
Rise in sales of electric vehicles majorly drives the growth of the graphene battery market, owing to extended range for long distance travel and lesser charging time. Moreover, the development in the portable electronics market is expected to boost the graphene battery industry growth. Furthermore, increase in government investments in R&D are expected to provide lucrative growth opportunities. However, lack of awareness of graphene technology, and incapability of market for in-commercialization process of graphene battery are expected to hinder the growth of the graphene battery market.
Graphene is an excellent substrate for anchoring lithium battery anode and cathode materials to create high energy & density, flexible, stretchable, quick charging, and long-lasting batteries. Owing to its remarkable quantum capacitance and excellent electrical and mechanical properties, calculations show that graphene has the potential to help realize supercapacitors with the energy density of batteries that can be recharged in seconds. Lithium ion batteries contributed the maximum in terms of revenue to the market. Factors such as increase in sales of electric vehicles, high capacity, and long endurance contributed to the market sales. However, between 2019 and 2027, supercapacitors are expected to grow at a faster rate, in comparison to other battery types. The low energy density of current supercapacitors is the main obstacle to realize the full commercial potential of this technology. Charge storage in supercapacitors is limited to the surfaces and is thus controlled by their respective specific surface area, pore size, and pore size distribution. Nano structuring has become a general strategy for improving the energy density of electrode material and graphene as a Nano platelet turns out to be an excellent material for supercapacitors.
By region, the graphene battery market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. The analysis had identified that Europe contributed maximum revenue in 2019. Between 2019 and 2027, the graphene battery market in Asia-Pacificis expected to grow at a faster rate as compared to other regions. Factors such as stable graphene production, developments in electric vehicle industry, propellingelectronics industry, and increased defense budgets in countries such as China, Japan, and India contribute to the market growth in Asia-Pacific.
Key Findings Of The Study
In 2019, the Li-ion segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 30.50% during the forecast period.
The automotive segment accounted for more than 45.0% of the graphene battery market share in 2019.
The supercapacitors segment witness highest growth rate during the forecast period.
UK wasthe major shareholder in the Europe graphene battery market, accounting for approximately 40.0% share in 2019.
The key players profiled in the report include Cabot Corporation, Cambridge Nanosystems Ltd., G6 Materials Corp., Graphenano S.L., Graphene NanoChem plc, Graphenea S.A., NanoXplore Inc., Real Graphene USA, Vorbeck Materials Corp., and XG Sciences, Inc.Market players have adopted various strategies such as product launch, collaboration & partnership, and acquisition, to expand their foothold in the graphene battery market.
Companies Mentioned
- Cabot Corporation
- Cambridge Nanosystems Ltd.
- G6 Materials Corp.
- Graphenano S.L.
- Graphene NanoChem plc
- Graphenea S.A.
- NanoXplore Inc.
- Real Graphene USA
- Vorbeck Materials Corp.
- XG Sciences Inc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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