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Graphene Battery Market is estimated to reach USD 545 million in 2028, registering 28.5% CAGR during 2020-2028 | Size, Industry Share & Forecast

12-09-2022 07:06 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Gmi Research

Graphene Battery Market

Graphene Battery Market

Graphene Battery Market was valued at USD 73 million in 2020, and is estimated to reach USD 545 million in 2028, increasing at a higher CAGR of 28.5% during 2020-2028.

For Additional Insights, Click to Access Complete Report -

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

Global Graphene Battery Market by End-Use Industry

Consumer Electronics
Battery Electric Vehicles
Plug-In Hybrid Electric Vehicles
Mining Equipment
Construction Equipment

Global Graphene Battery Market by Region

Asia Pacific
Rest of APAC

North America
United States of America

United Kingdom
Rest of Europe

South Africa
Saudi Arabia

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.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland

Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland

GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

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