Graphene Battery Market worth $609 million by 2030 | Key Players include Samsung SDI, Huawei Technologies Co., Ltd., Log 9 Materials Scientific Private Limited, Cabot Corporation

According to recent market research "Graphene Battery Market by Type (Lithium-Ion Graphene Battery, Lithium-Sulfur Graphene Battery, Graphene Supercapacitor), End-Use Industry (Consumer Electronics, Automotive, Industrial, Power), Region - Global Forecast to 2030", The global graphene battery market size is projected to grow from USD 168 million in 2024 to USD 609 million by 2030, at a CAGR of 23.9% from 2024 to 2030. The market growth is driven by the advantages of graphene that is used as a battery material in graphene batteries and increasing demand for these batteries in consumer electronics and automotive industries.

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Based on type, the graphene battery market has been segmented into lithium-ion graphene battery, lithium-sulfur graphene battery, graphene supercapacitor, and others. The lithium-ion graphene battery segment is projected to have the highest growth rate owing to its increasing demand in various applications of the consumer electronics and automotive sectors.

Based on the end-use industry, the graphene battery market has been segmented into consumer electronics, automotive, industrial, power, and others. The need for high power and energy density has created a demand for reliable and safe batteries for industries, such as automotive and consumer electronics, ultimately driving the growth of the graphene battery industry. The automotive segment is anticipated to have the highest growth rate owing to the rising demand for electric vehicles due to environmental concerns and awareness about clean and sustainable fuel.

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The global graphene battery market size is projected to grow from USD 168 million in 2024 to USD 609 million by 2030, at a CAGR of 23.9% from 2024 to 2030. The increasing demand for graphene batteries in consumer electronics and automotive industries is expected to drive the graphene battery market.

Samsung SDI (South Korea), Huawei Technologies Co., Ltd. (China), Log 9 Materials Scientific Private Limited (India), Cabot Corporation (US), Grabat Graphenano Energy (Spain), 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), Graphenea Group (Spain), Hybrid Kinetic Group Ltd. (Hong Kong) and Targray Group (Canada) are some of the leading players operating in the graphene battery market. These players have adopted the strategies of expansion and joint venture to enhance their position in the graphene battery industry.

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In line with the rising demand for graphene battery, in December 2018, Log 9 Materials Scientific Private Limited (India) announced that they are working on graphene-based metal-air batteries. The metal-air battery uses metal as the anode, oxygen as the cathode and water as an electrolyte. A graphene rod is used in the air cathode of the battery. Since oxygen has to be used as the cathode, the cathode material has to be porous to let the air pass, a property in which graphene excels. According to Log 9 Materials, the graphene used in the electrode can increase the battery efficiency by five times at one-third the cost.

In November 2017, Samsung SDI (South Korea), in collaboration with Samsung Advanced Institute of Technology (SAIT), developed a unique "graphene ball" that could make lithium-ion batteries last longer and charge faster. Samsung Advanced Institute of Technology (SAIT) said that using the new graphene ball material to make batteries will increase their capacity by 45% and make their charging speed five times faster. It was also said that this battery would be able to maintain a temperature of 60 degrees Celsius that is required for use in electric cars.

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