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Graphene Battery Market Report Key Players: Cabot Corporation, Group NanoXplore Inc., Graphene , D Lab Inc., Graphenano Sl, SiNode Systems, Inc., Graphene NanoChem, XG Sciences, Inc., Cambridge Nanosystems Ltd

03-20-2020 03:31 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global market Insights

Graphene Battery Market

Graphene Battery Market

Based on the technological trends, graphene battery market is classified into lead acid, lithium ion, supercapacitor, and lithium sulfur. Lithium ion graphene battery industry, worth USD 9 million in 2015, is expected to grow notably over the coming years. This battery is extensively used in the automotive and healthcare sectors, resulting in low emission & energy conservation. Electronic devices such as tablets, mobiles, and laptops also make optimum use of this technology to reduce energy consumption.

Supercapacitors are expected to contribute substantially towards graphene battery market share in the years ahead, driven by their excellent charging capabilities along with enhanced shelf life.

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Graphene battery finds applications across healthcare, automotive, aerospace & defense, industrial robotics, and electronics sectors. Automotive applications, which accumulated a revenue of more than USD 4 million in 2015, are predicted to contribute considerably towards industry size. Strict rules implemented by the government to reduce fuel emissions will encourage the product demand for hybrid and electric vehicles.

Graphene battery market size in the healthcare sector is expected to hit USD 25 million by 2024, owing to the rising preference for portable medical instruments. Electronics application, which contributed over 30% of the overall revenue in 2015, are projected to make notable contributions toward the overall returns on sales.

Graphene battery market share from aerospace & defense sector application is expected to surge heavily with a rise in defense spending across developed economies. Graphene battery industry in the industrial robotics sector is expected to record a CAGR of 10% over 2016-2024

Taking into consideration the regional outlook, Asia Pacific market is set to grow significantly, subjected to heavy gains from Japan and China graphene battery market. China will observe considerable boost in manufacturing and production capacity, surpassing 2000 tons of graphene annually from 2016. Favorable government initiatives and introduction of strict regulations on the use of bio-hazardous batteries will bring positive impact on the growth of global graphene battery market. Increasing adoption of electric vehicles in the U.S. will drive the North America graphene battery industry revenue. Norway graphene battery market share will witness heavy gains as more than 20% of automobiles in Norway are hybrid or electric vehicles.

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UK graphene battery market, estimated at USD 2 million in 2015, is anticipated to register significant gains over the next few years. Strict norms subject to the usage of batteries causing environmental pollution will propel the business space. Norway graphene battery industry is also projected to experience a hefty growth pertaining to beneficial regulations favoring the massive utilization of green technologies.

The notable industry players of graphene battery market worldwide are Cabot Corporation, XG Sciences, Inc., SiNode Systems, Inc., NanoXplore Group Inc., Graphenano, Graphene NonoChem, Graphene 3D Lab, Cambridge Nanosystems, etc. Cost-effective products and shorter delivery lead time will be the key business strategies adopted by the market participants over the coming years.

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