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Graphene Battery Market in supercapacitors technology to grow at 25% CAGR up to 2024

Author : Ronak Bora | Published Date : 2019-03-15 

Graphene Battery Market growth in supercapacitor technology will be driven by increasing demand from mobile phone applications owing to its high operating life. 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 industry share.

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Wide applications in automobile and healthcare industries will stimulate the lithium ion graphene battery market in the industrial segment. Superior charging abilities and greater shelf life will increase the demand for supercapacitor graphene batteries. Growing concern to reduce environmental impact coupled with the increasing penetration of electric and hybrid vehicles will positively impact the demand for graphene batteries in automotive applications. Electronic industry accounted for over 15% of global graphene battery market share in 2015. Emerging demand for portable medical devices from healthcare sector will fuel the industry growth. Increased defense expenditures and introduction of industrial robotics will raise the graphene battery demand for aerospace and defense applications.

Global Graphene Battery Market is predicted to cross 25% CAGR to surpass USD 129 million by 2024. Growing demand for electric vehicles and portable electronic devices will propel the industry growth. Higher heat resistance and improved recharge frequency are some of factors responsible to encourage adoption of graphene in electric vehicles.

Stringent regulatory norms to curb emissions and carbon footprint have positively influenced the graphene battery market share. Batteries constitutes of lead and cadmium which releases pollutants in the environment. In this regard, in 2008, the U.S. EPA established the National Emission Standard for Hazardous Air Pollutants (NESHAP) to regulate the emissions during the battery manufacturing process. Furthermore, implementation of these strict norms to limit automobile emissions will also boost hybrid and electric vehicles demand.

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Growing environment awareness along with increasing government subsidies led to the increased adoption of electric vehicles in the U.S. up to 70,000 in 2015. The U.S. accounted for over 76% of North America graphene battery market in 2015 subject to high quality at affordable price.

UK graphene battery Market for 2015 was valued over USD 2 million. Strict government regulations on the adoption of batteries with bio-hazardous content will propel the business growth.

Stringent government regulations with the focus to reduce carbon emissions will drive the graphene battery market. National Emission Standards for Hazardous Air Pollutants (NESHAP) introduced by the U.S. Environment Protection Agency regulates the battery manufacturing process subject to the use of lead in cadmium in batteries. Standardization restructures the industry demand and will stimulate the graphene battery market share.

Major participants in graphene battery market are Graphene 3D Lab, SiNode Systems, XG Sciences, Graphene Nanochem, Graphenano, Cabot and Group NanoXplore.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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