Global Graphene Battery Market to Garner $398.6 Million by 2027, States the Report by Allied Market Research

Increase in sales of electric vehicles and a flourishing portable electronics market drives the growth of the global graphene battery market.

Allied Market Research published a research report on the global graphene battery market. The findings of the report state that the global market for graphene battery generated $48.8 million in 2019, and is expected to garner $398.6 million by 2027, witnessing a CAGR of 31.2% from 2019 to 2027. The report offers valuable information on evolving market trends, major segments, top investment pockets, and key competitors for market players, investors, shareholders, and new entrants.

Prajapati, the Lead Analyst, Semiconductor and Electronics at Allied Market Research, highlighted, "The graphene battery market in Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to rapid industrialization and development of electric vehicles and industrial robotics.Moreover,Asia-Pacific countries such as China, India, Japan, and Australia, adopted CO2 emission regulations and have opted for non-conventional energy resources."

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The report provides a detailed analysis of market drivers, restraints, and opportunities to assist market players to strategize and capitalize on new opportunities. Increase in sales of electric vehicles and a flourishing portable electronics market drive the growth of the global graphene battery market. However, lack of awareness of graphene technology and the incapability of the market in-commercialization process of graphene batteries restrain the market growth. On the other hand, rise in government investments in R&D activities offers new opportunities for market growth.

The research offers an extensive scenario of Covid-19 along with outlining its impact on the graphene battery market across the world. The outbreak of Covid-19 affected the global graphene battery market. During the initial days of the pandemic, the manufacturing and energy power industries faced issues around the world. The collapse of several manufacturers and distributors has hampered the expansion of the graphene battery business.

The report offers a detailed analysis of segments of the global graphene battery market. These segments include battery type, application, and region. This analysis assists new entrants, investors, and market players as they can determine the fastest growing and highest revenue-generating segments for determining growth strategies for the next few years.

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Based on battery type, the Li-ion battery segment held the largest market share in 2019, contributing to more than two-thirds of the total market share, and is anticipated to rule throughout 2027. However, the supercapacitors segment is expected to portray the highest CAGR of 35.2% from 2020 to 2027.

By application, the automotive segment leads the global market in terms of revenue in 2019, contributing to nearly half of the market, and would maintain its dominant position throughout the forecast period. Moreover, this segment is anticipated to register the highest CAGR of 33.1% from 2020 to 2027.

By region, the market across Europe dominated the global graphene battery market in 2019, contributing to more than one-third of the market, and is expected to dominate the market throughout the study period. On the contrary, the Asia-Pacific region is expected to witness the highest CAGR of 34.0% from 2020 to 2027.

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Leading players of the global geothermal power market analyzed in the research include Cambridge Nanosystems Ltd., Graphenano S.L., Graphenea S.A.,Cabot Corporation, G6 Materials Corp., Graphene NanoChem plc, NanoXplore Inc., Vorbeck Materials Corp., Real Graphene USA, and XG Sciences, Inc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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