Press release
Graphene Battery Market is estimated to reach USD 545 million in 2028, registering 28.5% CAGR during 2020-2028 | Size, Industry Share & Forecast
Graphene Battery Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/graphene-battery-market/
The factors driving the growth of Graphene Battery Market includes growing demand for graphene batteries in Automotive, consumer electronics and power sector, increasing investments on research and development for enhancing the lithium-ion graphene batteries. Moreover, the Government regulations to minimize carbon emissions and growing adoption of electric vehicles around the world, are supplementing the demand for graphene batteries in the international markets. As per the report published by Bloomberg, around 179,000 units of Electric Vehicles were sold, primarily in United States and Canada during the 3rd Quarter of 2021, nearly increasing by 63% and is anticipated to reach 690,000 units by the end of 2021, which will boost the growth of Graphene Battery Market in the approaching years.
However, the growth of Graphene Battery Market is hindered due to insufficient knowledge about graphene technology amongst the consumers.
The major players operating in the market includes Graphene 3D Lab, Inc., Nanotek Instruments, Inc., Hybrid Kinetic Group Ltd., Nanograf Technologies, Grupo Graphenano, Vorbeck Materials Corp, Huawei Technologies Co., Ltd., XGSciences, Global Graphene Group and SAMSUNG SDI CO., LTD. Among others.
End-Use Industry: Segment Analysis
According to Graphene Battery Market Analysis, the Automotive segment is projected to grow at a faster rate during the forecast period due to growing demand for sustainable fuels and rising environmental concerns about carbon footprints.
Type: Segment Analysis
As per Graphene Batteries Market Report, Lithium-ion graphene battery type is predicted to dominate the market during the forecast period attributed to growing automotive and portable electronics industries around the world. As per Statista, almost 23 million vehicles were produced in India during the financial year 2021 and India became the largest manufacturer of three-wheelers in the global markets.
Regional: Segment Analysis
Based on region, Asia-Pacific is projected to expand at a significant CAGR over the forecast period. The increasing production of Electric Vehicles, Government's focus on adopting environment friendly sustainable fuels, rising disposable income and rapid urbanization, are some of the important factors supporting the growth of Graphene Battery Market in Asia-Pacific.
Market Segmentation
Global Graphene Battery Market by Type
Lithium-ion graphene battery
Lithium-Sulphur graphene battery
Graphene Supercapacitor
Others
Global Graphene Battery Market by End-Use Industry
Consumer Electronics
Smartphones
UPS
Laptops
Automotive
Battery Electric Vehicles
Plug-In Hybrid Electric Vehicles
Industrial
Mining Equipment
Construction Equipment
Power
Others
Global Graphene Battery Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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