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Graphene Battery Market Research Report – Segmented ByType (Lithium-Ion Graphene Battery, Lithium Sulphur Graphene Battery and Graphene Supercapacitor), By End Use Industry (Consumer Electronics, Automotive, Industrial and Power), and Region - Industry Forecast of 2022 to 2027

Published: January, 2022
ID: 10932
Pages: 175
Formats: report pdf report excel report power bi report ppt

Graphene Battery Market Size (2022-2027):

The global graphene batteries market size is predicted to raise from a value of USD 171.9 million in the year 2021 to USD 709.5 million by the end of year 2026, with a CAGR of 24.8% between 2022 and 2027.

Market expansion is driven by the advantages of graphene employed as a battery material in graphene battery and the escalatingcall for this battery in the consumer electronics and automotive industries. Graphene batteries have become the fastest energy storage solutions available in the world. The worldwide market for graphene batteries is driven by the commercialization of graphene to improve batteries in recent years and provide highly efficient energy storage solutions. Factors significantly impacting the graphene battery market include an exponential increase in electric vehicle sales, an increase in the portable electronics market, and a sharp increase in the adoption of unconventional energy resources, driving expansion of the worldwide market for graphene batteries. Furthermore, the high cost of the raw material, which includes high-quality graphene, the lack of knowledge of the technology and the market to be traded, are key limitations in the market. Each of these factors has a definite impact on market expansion during the foreseen period.

Market Trends:

The report includes batteries that use graphene as an electrode material, such as lithium-ion batteries, lead-acid batteries, supercapacitors, and lithium sulfur batteries. During the foreseen period, it is estimated that graphene will be employed as anode material and as cathode material. Graphene has high electrical conductivity, a large specific surface area, and mechanical robustness, making it a promising material for the anodes of lithium-ion batteries. The overall conductivity of the anodes can be increased due to the higher electrical conductivity of the graphene sheets. Graphene can effectively improve the electron and ion transport of electrode materials, and can dramatically improve the properties of lithium ion battery and provide better chemical stability, higher electrical conductivity and higher capacity. high.

Market Drivers:

The increase in electric vehicle sales is the main driver of the expansion of the graphene battery market, due to the extended range for long-distance trips and the reduced charging time. Also, the burgeoning portable electronics market is predicted to drive market expansion. The advantages of the graphene battery such as increased charge cycles, extended charge hold time, fast charge capacity and high temperature efficiency are some of the main factors of the battery. origin of the expansion of the graphene battery market during the foreseen period. The growing number of potential applications for graphene batteries in the automotive industry is a key factor that is predicted to fuel market call for graphene batteries in the near future. Escalating urbanization and industrialization in developing economies in various regions is predicted to boost the graphene battery market during the foreseen period. The growing call for graphene batteries for electric vehicles in developed economies such as Europe and North America is predicted to drive the expansion of the graphene battery market. Companies are working to raise awareness of the potential of graphene batteries in industry verticals, such as the power and energy sectors, wearable electronic device industries, and the automotive sector. In addition, the application of graphene batteries in solar cells is being investigated. Thus, R & D & I activities are increased, with respect to graphene batteries, to develop products such as moldable graphene batteries and high storage graphene supercapacitors. These factors should contribute to the expansion of your market.

Market Restraints:

However, the lack of knowledge of graphene technology and the inability of the market for the graphene battery commercialization process is predicted to hamper the expansion of the graphene battery market.

Market Opportunities:

Additionally, increased government investment in R&D is predicted to provide lucrative expansion opportunities. Nonetheless, graphene has the potential to be widely employed in physics, chemistry, information, energy, and device manufacturing. Graphene is a thin, mechanically strong, transparent and flexible conductor. Its conductivity can be modified in a wide range, either by chemical doping or by an electric field. The automotive, electronics, aerospace and defense industries are predicted to consume the majority of the market during the foreseen period.

Market Challenges:

The lack of understanding of graphene technology and the company's incompetence for the graphene battery commercialization method is anticipated to limit the expansion of the graphene battery industry.

GRAPHENE BATTERY MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

24.8%

Segments Covered

By Type, End Use Industry, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Samsung SDI (South Korea),Huawei Technologies Co., Ltd. (China),Log 9 Materials Scientific Private Limited (India),Cabot Corporation (US),Nanotech Energy (US),Nanotek Instruments, Inc. (US),XG Sciences, Inc. (US),ZEN Graphene Solutions Ltd. (Canada),Graphene NanoChem (Malaysia),Global Graphene Group (US),Vorbeck Materials Corp. (US) and Others.

 

Market Segmentation:

Graphene Battery Market - By Type:

  • Lithium-Ion Graphene Battery
  • Lithium-Sulfur Graphene Battery
  • Graphene Supercapacito

Based on the type, the graphene lithium-ion battery segment is predicted to account for the majority of the graphene battery market in 2021. Graphene lithium-ion batteries are lightweight, durable, and suitable for energy storage of high capacity, as well as' shorter charging time, making it ideal for end-use industries.

Graphene Battery Market - By End Use Industry:

  • Consumer Electronics
  • Automotive
  • Industrial
  • Power

Based on the end-use industry, the automotive segment is predicted to account for the majority of the graphene battery industry in 2021.

Regional Analysis:

The Graphene Battery Report includes the segmentation of Regions:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

Europe accounted for the largest share, due to the presence of most of the graphene manufacturing companies in the region. Asia-Pacific was the second largest contributor in terms of revenue and is predicted to see significant expansion over the foreseen period, due to the escalating adoption of CO2 emission regulations and increased awareness of unconventional energy resources. For example, the Japanese government is focused on reducing CO2 emissions by 25% by 2020 and 50% by 2050, accelerating the development of electric vehicles, eco-driving, hybrid vehicles and hydrogen vehicles. To achieve this, the energy storage market requires very large capacity graphene batteries with rapid charge and discharge capabilities. Furthermore, the developing electronics market in this region is driving market expansion. Asia-Pacific is predicted to be the fastest growing market with expanding CAGR during the foreseen period. Rapid expansion in industries and urbanization are driving the expansion of graphene battery in developing countries in Asia and the Pacific. In addition, the growing purchasing power parity in the region has increased car sales, further contributing to market expansion. China, India and Japan are the largest consumers of graphene batteries in this region. Another dominant region in the graphene battery market is North America. Developed end-user industries such as electronics, aerospace, healthcare, and more are driving market expansion significantly.

Impact of Covid-19 on Graphene Battery Market:

The battery industry has grown at an impressive rate over the past two decades, supported by the growing call for power from modern portable consumer electronics, electric vehicles, and the growing adoption of power generation. intermittent renewable. With the outbreak of the COVID-19 pandemic, there is a sharp drop-in economic activity due to mandatory closures and other containment measures. According to the IMF's World Economic Outlook, released in June 2020, the world economy is predicted to register a GDP expansion rate of -4.9% in 2020. This will be a deterioration of 8.2% from January 2020.

Market Key Players:

  1. Samsung SDI (South Korea)
  2. Huawei Technologies Co., Ltd. (China)
  3. Log 9 Materials Scientific Private Limited (India)
  4. Cabot Corporation (US)
  5. Nanotech Energy (US)
  6. Nanotek Instruments, Inc. (US)
  7. XG Sciences, Inc. (US)
  8. ZEN Graphene Solutions Ltd. (Canada)
  9. Graphene NanoChem (Malaysia)
  10. Global Graphene Group (US)
  11. Vorbeck Materials Corp. (US)

Recent Developments:

  • Samsung is launching phones with graphene batteries. Predictor Evan Blass had claimed that Samsung would launch a smartphone that runs on a graphene battery.

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