Graphene Battery Market

The Global Graphene Battery Market is valued at USD 86.8 Million in 2021 and is expected to reach USD 402.6 Million by 2028 with a CAGR of 23.84% over the forecast period.

Global Graphene Battery Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028: Soaring sales of electric vehicles and technological advancements in graphene batteries are the major factors driving the growth of the Global Graphene Battery Market.

Scope of Global Graphene Battery Market Report:-

Higher capacity, faster charging, light weight, flexibility, and many other beneficial aspects of graphene battery are making it an emerging technology ever. It is an excellent electrical and thermal conductor, as well as being exceedingly light, chemically inert, and flexible with a high surface area. It also has environmentally friendly and long-lasting, with a wide range of applications.

The Covid-19 pandemic wreaked havoc on the world economy. Governments in several regions had announced country-wide lockdowns in order to limit the spread of SARS-CoV-2, which had a direct influence on the expansion of industrial sectors. Graphene was difficult to get by for many electronics, paints, and coatings companies. Furthermore, graphene costs have risen dramatically due to supply constraints. The Covid-19 pandemic had a tremendous influence on manufacturing industries around the world, resulting in a significant reduction in production. However, due to increased demand for graphene, the market has recovered.

Global Graphene Battery Market Segmentation:-

Global graphene battery market is segmented into battery type, applications, and geography. Based on battery types, the global graphene battery market is divided into Li-ion batteries, Li-sulfur batteries, supercapacitors, lead-acid batteries. Based on applications, the global graphene battery market is divided into automotive, electronics, energy, aerospace & defense, industrial robotics, healthcare, and other.

By Battery Type:

• Li-ion Batteries
• Li-Sulfur Batteries
• Supercapacitors
• Lead-acid Batteries

By Application:

• Automotive
• Electronics
• Energy
• Aerospace & Defense
• Industrial Robotics
• Healthcare

Graphene Battery Companies

Some of the key players for global Graphene battery market are

• Cabot Corporation
• Cambridge Nanosystems Ltd.
• G6 Materials Corp.
• Graphenano S.L.
• GrapheneNanoChemplc
• Graphenea S.A.
• NanoXplore Inc.
• Real Graphene USA,
• Vorbeck Materials Corp.
• XG Sciences, Inc.
• Others.

Recent Developments

News-Nanotech Energy Secured $64 M for Global Graphene Business

On August 11^th, 2021; Nanotech Energy, a maker of graphene-based batteries in the United States, has raised $64 million in Series D funding at a post-Series D valuation of $550 million to accelerate international expansion, including the opening of its EU headquarters in Amsterdam, and the development of a new high-volume graphene battery manufacturing facility in Reno, Nevada.

Chaowei Group Released Superconducting Graphene Battery

On June 1^st, 2021; Chaowei Group published a new product of """"superconducting graphene battery"""". The graphene battery integration technology released this time, according to Chaowei Group, incorporates essential technologies, materials, and design advances. When compared to the existing standard lead-acid battery, the """"superconducting graphene battery"""" provides a 20% increase in driving range.

Appear Inc. to Launched World’s Lightest and First Graphene Battery-powered 5G Smartphone

On January 7^th, 2021; Appear Inc. introduced the world’s first lightest graphene battery-powered smartphone with pioneering water-resistant technology. Appear has started accepting projections and orders call for a million units bought in the first six months.

Global Graphene Battery Market Dynamics–

The graphene battery market is primarily driven by the increase in sales of electric vehicles (EVs), which have a longer range and require less charging time. For example; global electric car sales increased by 108% from 2020 to about 6,75 million units in 2021. EVs accounted for 8.3% of worldwide light vehicle sales in 2017, compared to 4.2% in 2020. In recent years, a huge number of electric vehicles have been sold, resulting in increased demand for graphene batteries. In electric vehicles, energy storage systems such as graphene batteries are crucial. Graphene is thought to be the future of electric vehicle batteries. Graphene aluminium-ion batteries have the potential to become the principal EV battery in the future, as graphene aluminium cells charge 60 times faster than traditional lithium-ion cells. As a result, escalating the demand for electric vehicle is also augmenting the growth of graphene battery market.

Moreover, thriving adoption of graphene batteries expected to boost the market growth. Graphene is highly conductive, permitting electricity to flow, and stiff, so it improves the lithium keep its shape, letting the battery to last longer. Even at smaller sizes, graphene batteries have been shown to have a substantially larger capacity than lithium-ion batteries. This material has wide range of applications and hence it is largely adopted among many sectors. For example; in Decem2021, GMG Graphene delivered graphene aluminium-ion batteries to customers for testing. On January 8^th, 2022, LA start-up Nanotech Energy revealed a graphene-based li-ion battery that is fireproof and commercially sustainable. Apart from this, Lyten developed a graphene-enhanced lithium-sulphur battery for electric vehicles in November 2021. Such innovation by masses of market players and massive adoption of graphene batteries are fostering the overall market value all over the world.

However, lack of understanding of graphene technology and the market's inability to support the in-commercialization process of graphene batteries may hamper the market growth. In spite of that, heightened government R&D investments in graphene batteries are likely to generate lucrative growth prospects for the graphene batteries.

Global Graphene Battery Market Regional Analysis–

The Asia-Pacific region is expected to witness a fastest growth in the global graphene battery market and is estimated to experience the greatest growth. The main causes for this expansion include speedy urbanization, electrification of residential areas, smart city initiatives, the expanding consumer electronics market, and the growing adoption of EVs in this region. In addition, the North American countries are working to reduce carbon emissions. By the year 2050, Japan hopes to have cut CO2 emissions by half. In 2020, the reduction in carbon intensity will result in a total reduction of around 5.8 billion tons of CO2. These factors will propel the graphene battery market in the region to new heights.

North America is expected to witness a significant growth in the graphene battery market due to number of advancements, product launches, merger and acquisition, and many other market strategies in this region. For example; in June 2021, Google and Seagate collaborated to create ML system to forecast HDD failures. The new kind of HDD devices will use graphene and will be capable to store 10 times more data than normal HDD. In addition to above instance, in august 2021, Nanotech Energy, a maker of graphene-based batteries in the United States, has raised $64 million in Series D funding. As a result of these continuous advancements in the region, the market growth for graphene battery in North America has accelerated.

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 86.8 Million
Base year considered	2021
Forecast Period CAGR %:	23.84%
Market Size Expected in 2028:	USD 402.6 Million
Tables, Charts & Figures:	175
Pages	200
Graphene Battery Manufacturers	Cabot Corporation, Cambridge Nanosystems Ltd., G6 Materials Corp., Graphenano S.L., GrapheneNanoChemplc, Graphenea S.A., NanoXplore Inc., Real Graphene USA, Vorbeck Materials Corp., and XG Sciences, Inc. and others.
Segments Covered	By Battery Type, By Application
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 

Key Benefits of Global Graphene Battery Industry Report:-

• Global Graphene Battery Industry report covers in-depth historical and forecasts analysis.
• Global Graphene Battery Industry research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, and Regional and Country levels.
• Global Graphene Battery Industry report helps to identify opportunities in the marketplace.
• Global Graphene Battery Industry report covers an extensive analysis of emerging trends and the competitive landscape.