Graphene Battery Market 2020-2027: Business Practices Followed by Cabot Corp, Cambridge Nanosystems, G6 Materials Corp., Graphenano S.L., GrapheneNanoChemplc, Graphenea, NanoXplore Inc., Real Graphene USA
The global graphene battery market is projected to reach $398.6 million by 2027, to register a CAGR of 31.2% during the forecast period.
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The leading market players in the graphene battery market focus on expanding their business operations in fast-growing emerging countries. The companies that operate in the market have consistently introduced innovative solutions to enhance their product portfolio. Product launch and partnerships have been observed as the two prominent growth strategies adopted by the key market players.
The major players profiled in this report include Graphenano s.l, SiNode Systems, Inc., Graphene NanoChem PLC, Angstron Materials Inc., XG Sciences, Inc, Vorbeck Materials, Graphene 3D Lab Inc., NanoXplore Inc., Graphene Batteries AS, and Cambridge Nanosystems Ltd.
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The global graphene battery market is segmented on the basis of battery type, industry vertical, and geography.
Based on type, it is divided into Li-ion batteries, Li-Sulphur batteries, supercapacitors, and lead-acid batteries. The market by vertical industry is divided into automotive, electronics, energy, healthcare, aerospace & defense, and industrial robotics. The automotive industry is anticipated to account for the largest graphene battery market share, as it is growing at a rapid pace and is highly dependent on batteries as the primary power source for electric vehicles such as electric bikes and electric cars. The market is analyzed on the basis of regions such as North America, Europe, Asia-Pacific, and LAMEA.
Automotive Industry to Lead the Graphene Battery Market:
The automotive industry includes sub-segments such as battery electric vehicles (BEV), hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV), electric bikes & scooters, electric bicycles, and passenger & commercial vehicle starter batteries. The key market restraints that limit the adoption of electric vehicles include high costs of these batteries. Graphene-based batteries are expected to address these concerns, thereby; leading to their increased demand. Asia-Pacific is estimated to emerge as the leading market of electric vehicles in the coming years.
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Graphene-based Supercapacitors: Propelling the Market Growth
The graphene-based supercapacitors segment is expected to grow with highest CAGR during the forecast period. Supercapacitors can hold a large amount of electrical charge as compared to standard capacitors, and are therefore, a suitable alternative to the electrochemical batteries in many industrial and commercial applications. Thus, supercapacitors are certain to exhibit a high growth rate over the forecast period due to factors such as elasticity, lightweight, high mechanical strength, and minimal cost of production.
Asia-Pacific: Most Lucrative Graphene Battery Market
The study on the Asia-Pacific region covers nations such as China, Japan, India, and Australia.
The region offers lucrative opportunities for stakeholders in the graphene battery market, and is anticipated to be the fastest-growing market over the study period. The growth of the market in the region is supplemented by the rise in sales of electric vehicles, surge in defense spending, growth in non-conventional energy sector, large base of industries, and increase in focus of key players on developing technologically advanced cost-effective graphene batteries. China's booming electric car sales in 2020 made it the main market for electric vehicles around the world. The nation also holds the record for strongest deployment of e-scooters and electric buses.
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Key Benefits For Stakeholders
This study comprises analytical depiction of the global graphene battery market size along with the current trends and future estimations to depict the imminent investment pockets.
The overall graphene battery market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current graphene battery market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
Porter's five forces analysis illustrates the potency of the buyers and suppliers in the graphene battery industry.
The report includes the graphene battery market trends and market share of key vendors.
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