Graphene Battery Market size was valued at USD 167.15 Mn. in 2023 and the total Graphene Battery revenue is expected to grow by 23% from 2024 to 2030, reaching nearly USD 711.96 Mn.
Graphene Battery Market Scope and Research Methodology
This Graphene Battery Market research report provides a comprehensive view of competition, including market share and profiles of major industry rivals worldwide. The study delves into various sectors to examine the factors that influence the industry's growth.
The top-down and bottom-up approaches are used to validate and estimate market size by segment. Graphene Battery Market estimates are based on sale prices, with weights applied to usage rate and average sale price to produce percentage splits, market shares, and segment breakdowns. The geographical divisions are based on the adoption or usage percentage of the market size in each area.
Graphene Battery Market Drivers :
The graphene battery market growth is fueled by demand for graphene batteries in sectors such as electronics, biomedical technologies, energy storage, composites and coatings, and water and wastewater treatment. Modern rechargeable batteries may be able to charge more quickly and hold more energy thanks to graphene. Graphene also decreases the overall weight of the battery assembly and lengthens the life of lithium-ion batteries. As a result, market growth is expected to be fueled by graphene batteries growing used in the electric vehicle (EV) sector.
The market in the United States is expected to grow significantly, and the country is one of the primary exporters of graphene-based products to countries that lack graphene production capabilities. Additionally, the rising popularity of graphene due to its superior properties is expected to drive graphene battery market growth over the forecast period. Because of the presence of a number of manufacturers in the country, the aircraft parts manufacturing industry is expected to grow in the United States. Additionally, it is expected that increasing demand for materials with low density, low electrical conductivity, durability, and high strength will drive the market for composites based on graphene. Batteries can be replaced with supercapacitors because of their higher power densities. They can also function at very low temperatures. The development of electric supercars may benefit from the superior short-burst energy delivery capabilities displayed by graphene-based supercapacitors. As a result, it is expected that product demand will increase exponentially.
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Graphene Battery Market Segmentation Analysis:
Based on Formulation, the Tablets Supplements segment held the largest market share of the Market in 2023. According to the MMR analysis, It stands out as the dominant segment in Market thanks to its rapid technological advancement and growing adoption of smart devices with data connectivity and integration.
by Type
Lithium-ion Battery
Lithium- Sulphur battery
Graphene Supercapacitor
Others
by Application
Automotive
Consumer Electronics
Industrial
Power
Others
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Key players include Graphene Battery Industry :
1. Samsung SDI Co., Ltd., (South Korea)
2. Huawei Technologies Co., Ltd. (China)
3. Hybrid Kinetic Group Ltd. (Hong Kong)
4. Hybrid Kinetic Group (Hong Kong)
5. Log 9 Materials (India)
6. Metalgrass Ltd (Malaysia)
7. Cabot Corporation (US)
8. Nanotech Energy (US)
9. Nanotek Instruments, Inc. (US)
10.XG Sciences, Inc. (US)
11.Global Graphene Group (US)
12.Vorbeck Materials Corp. (US)
13.Zentek Ltd. (Canada)
14.Targray Group (Canada)
15.Zen Graphene Solutions Ltd (Canada)
16.Earthdas (Spain)
17.Grupo Graphenano (Spain)
18.Graphenea Group (Spain)
19.Grabat Energy (Spain)
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Key Questions Answered in the Graphene Battery Market Report are:
- Which segment asserted the greatest market share in 2024 for Graphene Battery ?
• How does the competitive landscape unfold within the Graphene Battery market?
• What pivotal factors steer the growth trajectory of the Graphene Battery market?
• In the realm of the Graphene Battery market, which region commands the most significant market share?
• What is the anticipated Compound Annual Growth Rate (CAGR) for the Graphene Battery market during the forecast period (2024-2030)?
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