Westford, USA, Dec. 03, 2024 (GLOBE NEWSWIRE) — SkyQuest projects that the Global Graphene Battery Market will attain a value of USD 716 Million by 2031, with a CAGR of 23.1% during the forecast period (2024-2031). The ever-growing demand for high-performance electronics, coupled with advancements in the electric vehicle industry is likely to drive the graphene battery market growth. The U.S. is home to much of the world’s EV and consumer electronics production. Graphene batteries become more and more appealing as these industries push for longer range, quicker charging times, and higher efficiency. Moreover, the U.S. is heavily incentivizing renewable energy storage solutions, where graphene batteries could be important for grid stored power and storing backup power as well given expected high charges and discharges per cycle. Innovation is also being fuelled by funding from universities, research institutes and private companies, which may soon deliver breakthroughs that open the path for mass production and commercial output of graphene batteries in the U.S. As well, the US is prioritizing green energy and less reliance on fossil fuels, which is leading to the growth of graphene battery market size.
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Browse in-depth TOC on the “Graphene Battery Market”
- Pages – 221
- Tables – 67
- Figures – 70
Graphene Battery Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | $ 167.1 Million |
| Estimated Value by 2031 | $ 716 Million |
| Growth Rate | Poised to grow at a CAGR of 23.1% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, End Use Industry, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Latin America, and Middle East and Africa |
| Report Highlights | Growing sales of electric vehicles and portable electronics |
| Key Market Opportunities | Increasing demand for for high-performance energy storage solutions in various industries |
| Key Market Drivers | Rising environmental sustainability concerns to increase demand for graphene battery |
Growing Requirement for High Energy Density to Reduce Charging Time ti Increase Demand for Lithium-Ion Graphene Battery
According to graphene battery market analysis, lithium-ion graphene battery is the leading product in graphene battery market as it provides higher energy density with shorter charging times and longer life cycles over conventional lithium-ion batteries. By having graphene, it increases the conductivity and heat management that will lead to better functionality and safety. In applications where demand is high such as EV or consumer electronics where longevity and efficiency are important, these batteries become most attractive. Moreover, enhanced production methods are lowering their prices, which is making lithium-ion graphene batteries attractive to both manufacturers and consumers as well which ultimately increases the graphene battery market share.
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Growing Popularity of Electric Vehicle to Increase Demand for Graphene Battery in Automotive Industry
The automotive industry is witnessing the fastest growth with increasing graphene battery market size in the global market due to significant performance advantages of graphene batteries for electric vehicles (EVs). Graphene battery solution tackles major EV performance issues and consumer behaviours while delivering a higher energy density with faster charging as well as longer life span when compared to traditional lithium-ion batteries. According to graphene battery market analysis, graphene has become a revolutionary material in automotive sectors with increasing usage of electric vehicle (EV) battery technology. Moreover, the shift toward greener technologies and stringent emission regulations have fastened the pace of transition to EVs, propelling demand for sophisticated battery technologies such as graphene.
Well-Established Manufacturing Base to Increase Requirement for Graphene Battery to Help Asia Pacific Market Dominate
The global graphene batteries market is being dominated by Asia Pacific, with growing graphene battery market share. Factors such as rapid industrialization, technological advancements and the presence of key players are propelling this dominance. Countries such as China and Japan, South Korea are moving ahead in the race for graphene battery, increasing market growth. China dominates the market with its well-established manufacturing base plus an environment conducive to research and development investment and a government supporting innovative technology development for clean energy. Asia Pacific is anticipated to be the dominating regional market for graphene batteries owing to high emphasis on electric vehicles, consumer electronics, and renewable energy within the region.
Graphene Battery Market Insights
Drivers
- Increasing demand electric vehicles
- Rising governments investments in research & developments
- High demand for high-performance energy storage solutions
Restraints
- High expense of graphene production
- High regulatory barriers and compliance requirements
- Increasing use of traditional lithium-ion batteries
Key Players Operating in Graphene Battery Market
The following are the Top Graphene Battery Companies
- Graphenano Nanotechnologies
- Nanograf Technologies
- Global Graphene Group
- XG Sciences
- Graphene 3D Lab, Inc.
- Samsung SDI
- Huawei
- Hybrid Kinetic Group Ltd.
- Vorbeck Materials
- Elcora Advanced Materials Corp.
- Nanotek Instruments, Inc.
- Graphene Batteries AS
- Nanotech Energy, Inc.
- ZEN Graphene Solutions Ltd.
Key Questions Answered in Graphen Battery Market
- What is the projected market size of the market?
- Who are the top players operating in the market?
- What are the key driving factors for the growth of the market?
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This report provides the following insights:
- Analysis of key drivers (Increasing demand electric vehicles, rising governments investments in research & developments), restraints (High expense of graphene production, High regulatory barriers and compliance requirements), opportunities (High demand for high-performance energy storage solutions), and challenges (Increasing use of traditional lithium-ion batteries) influencing the growth of graphene battery market.
- Market Penetration: Comprehensive information on the product offered by the top players in the graphene battery market
- Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the graphene battery market
- Market Development: Comprehensive information on emerging regions
- Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market
- Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
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We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia-Pacific.
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