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Graphene Battery Market - Historical Growth Analysis, Opportunities and Forecast To 2024

Author : Ronak Bora | Published Date : 2020-09-14 

Graphene battery market share from supercapacitors is set to witness growth over 25% between 2016 to 2024. Superior charging abilities and greater shelf life are some of the features which may positively impact the industry landscape. Growing supercapacitor demand from mobile phone applications owing to its high operating life may favor the business growth.

Lithium ion graphene battery market size was valued over USD 9 million for 2015. Mobile phones, laptops and tablet phones are notable adoption areas contributing to segment growth. In 2015, over 60% of adult population in the U.S. had at least one portable electronic device compared to over 30% in 2011.

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Graphene battery market size is estimated to witness a CAGR of 20% over the forecast period.  Graphene products are regarded as low emission versions and hence are being widely adopted to promote a green environment. Moreover, its advantages such as effectiveness in high temperatures, increased charge cycles, quick charging capacity, and extended charge holding capacity will enhance the graphene battery industry outlook over the coming years.

Stringent regulatory norms to curb emissions and carbon footprint have positively influenced the graphene battery industry 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.

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.

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.

Reduction of carbon footprints coupled with government subsidies will drive the graphene battery market in Norway. Over 20% of automobiles in Norway are electric or hybrid vehicles which will boost the demand for graphene batteries.

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China graphene battery Market is predicted to reach over USD 11 million by 2024 subject to rise in the manufacturing capacity by 2,000 tons per year. Advancement in technology and strong government support to encourage electrical vehicle adoption will further propel the business growth. In 2017, China announced to deploy approx. five million electric vehicles by 2020. Japan was the first country involved in adoption of electric vehicles for public transport and will witness the growth over 25% subject to established distribution channels and increasing customer awareness.

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

Table of Contents (ToC) of the report:

Chapter 3    Graphene Battery Market Insights

3.1    Industry segmentation

3.2    Industry size & growth forecast, 2014 – 2024

3.3    Graphene Battery industry ecosystem analysis

3.3.1    Vendor matrix

3.4    Technology & innovation landscape

3.5    Regulatory landscape

3.5.1    U.S.

3.5.2    China

3.5.3    Europe

3.5.4    Australia

3.6    Price trend analysis

3.6.1    Cost structure analysis

3.7    Industry impact forces

3.7.1    Growth drivers

3.7.1.1   Increasing demand of electric vehicles

3.7.1.2   Growing adoption of portable electronic devices

3.7.1.3   Government regulations

3.7.1.4   Longer shelf life

3.7.2    Industry pitfalls & challenges

3.7.2.1   High manufacturing cost

3.8    Growth potential analysis 

3.9    Porter’s analysis

3.10  Competitive landscape, 2015

3.10.1       Strategy dashboard

3.11  PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/graphene-battery-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia 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. [email protected] | https://twitter.com/RonakBora26

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