What's Driving the Graphene Battery Market Growth? Graphene 3D Lab, SiNode Systems, XG Sciences, Graphene Nanochem, Graphenano, Cabot and Group NanoXplore

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.

Strict legislations for maintaining ecological balance by reducing GHG emissions will lead to the cumulative growth of graphene battery market. In a bid to reduce carbon footprints in the atmosphere, electric vehicles are being adopted extensively across the globe, which will further escalate the business development prospects. Europe has witnessed maximum electric vehicle sales since the last few years, with more than 1,50,000 vehicles sold in 2015. High investments in research & development activities to enhance the shelf life, effectiveness, and quality of the battery will also boost the industry trends.

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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.

Market players will try to increase their ROI through mergers & acquisitions and joint ventures. In 2016, Australia based company LWP technologies had made plans to acquire 50% of the shares in a newly established firm named GraphenEra Private Limited, thereby forming a joint venture with the company. This commercial enterprise is set to manufacture excellent & lighter graphene batteries with lower power consumption, lesser production costs, and durability.

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.
Graphene battery is one of the fastest energy storing solutions available, globally. Moreover, graphene has higher heat resistance with improved recharging efficiency making them a safer option for electric vehicles. Graphene is poised to change the future of batteries with 10x faster charging and making it more reliable, efficient, and strong.

Based on technology, the graphene battery market is segmented into Lithium Ion, Lead Acid, Lithium Sulfur, and Supercapacitors. Supercapacitors are overtaking the market due to its superior charging abilities and greater shelf life. Moreover, mobile manufactures are also widely adopting the supercapacitors for increasing operating battery life, which in turn is fueling the supercapacitors graphene battery market share.

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