USD 400.34 Million
Graphene Battery Market Size, Share, Growth Analysis, By Type (Lithium-Ion Graphene Battery, Graphene Supercapacitor, Lithium-Sulfur Graphene Battery, and Others), By End Use Industry (Automotive, Consumer Electronics, Industrial, Power, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2302 |
Region:
Global |
Published Date: October, 2024
Pages:
221
|Tables:
67
|Figures:
70
Graphene Battery Market Insights
Global Graphene Battery Market size was valued at around USD 135.8 million in 2022 and is expected to rise from USD 167.1 million in 2023 to reach a value of USD 716 million by 2031, at a CAGR of 23.1% over the forecast period (2024–2031).
The global graphene battery market is witnessing dynamic changes with technological advancements, increasing demand for efficient energy storage solutions and increasing environmental concerns. Graphene with unique properties such as high conductivity, convenience and lightweight nature has emerged as a promising material for battery applications. This market is characterized by rapid innovation and fierce competition between key players looking to gain competitive advantage by R&D initiatives, strategic partnerships and product launches but challenges such as high cost of products, restricted scalability and regulatory hurdles pose a major hindrance to market growth.
Continuous R&D efforts aimed at increasing the performance and scalability of graphene-based batteries are driving the market growth. Innovations such as advanced manufacturing processes, improved electrodes and new materials are expanding the applications of graphene batteries and attracting investments in the sector. Increasing need for efficient energy storage solutions to support renewable energy integration, electric vehicles and portable electronics is a key driver of global graphene battery market.
Market Snapshot - 2024–2031
Global Market Size
Largest Segment
Lithium-ion
Fastest Growth
Lead-acid
Growth Rate
24.50% CAGR
Global Graphene Battery Market ($ Bn)
Country Share for North America Region (%)
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Graphene Battery Market Segmental Analysis
Global Graphene Battery Market is segmented by Type, End Use Industry, and region. Based on Type, the market is segmented into Lithium-Ion Graphene Battery, Graphene Supercapacitor, Lithium-Sulfur Graphene Battery, and Others. Based on End Use Industry, the market is segmented into Automotive (Battery Electric Vehicles, Plug-In Hybrid Electric Vehicles), Consumer Electronics (Smartphones, UPS, Laptops), Industrial (Mining Equipment, Construction Equipment), Power, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Battery Type
Lithium-ion battery is the dominating segment in the market. Lithium-ion (Li-ion) graphene battery is expected to hold the largest market share in the global graphene battery market and is expected to remain dominant during the forecast period (Li-ion) battery used in electronics, wireless headphones, hand power accessories. It is available in many products such as electric cars, toys and electrical storage systems. Li-ion batteries are combined with graphene in battery anodes and capitalize on the material's conductivity and important surface area properties to achieve high performance and shape optimization resulting in high capacity of graphene-enhanced Li-ion batteries, long life and fast charging times while remaining slim and lightweight.
Lead-acid battery is the fastest growing segment in the market. Lead batteries have been the choice for many applications, including automotive performance and power system tracking. However, their limitations in terms of energy density, lifetime and environmental impact have led to the search for alternative solutions such as graphene batteries In the graphene battery market, lead acid batteries serve as a common benchmark for graphene battery performance offering significant advantages over batteries, such as higher voltage, faster charging rate, longer life, and lower environmental footprint, lead batteries are slowly being displaced in favor of them graphene battery atoms, especially in those applications where efficiency and sustainability are required.
Analysis by Application
The healthcare segment is the dominating segment in the market which represents a promising market for graphene batteries, driven by growing demand for portable medical devices, implantable electronics and wearable health monitoring systems Graphene batteries offer numerous healthcare benefits applications, such as lightweight design, flexibility and high efficiency. There are sources which need mobility and longevity. These batteries can power devices such as insulin pumps, heart monitors, neurostimulators, wearable biosensors, wearable biosensors better compared to traditional battery technologies. Moreover, graphene's biocompatibility enhances its suitability for implantable medical devices monitor and prioritize, and accelerate graphene battery uptake, so that graphene batteries provide.
The automotive segment is expected to be strong during the forecast period. The demand for electric vehicles is expected to increase. The use of electric vehicles is increasing, due to the increasing perception that they are environmentally friendly, contributing to the market's growth. These factors will fuel the projected growth of the global graphene battery market. The demand for electric vehicles has been on the rise and is expected to continue to grow over the forecast period. Developers are ready to count on this positive sentiment. The production of electric vehicles is on the rise, leading to growth in the graphene battery market. Consumer electronics is another sector where the graphene battery market is expected to thrive. Furthermore, research and development investments are being increased in the graphene market globally, leading to positive market growth.
Global Graphene Battery Market By Battery Type (%)
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Graphene Battery Market Regional Insights
North America is an important global graphene battery market, as most of the graphene producers operate in the market. The market is expected to remain attractive during the forecast period. North America will also present a good opportunity for the graphene battery market, owing to the high availability of electric vehicles in the region.
Asia Pacific, which is already a growing market for the global graphene battery industry, is expected to witness the highest growth. Rapid urbanization, residential electrification, smart city projects, expanding consumer electronics market and growing electric vehicle market in the region are the major drivers of this growth resulting in countries in the region targeting carbon emission reductions. Japan aims to reduce CO2 emissions by 50% by 2050. These measures will significantly boost the growth of the graphene battery market in the region.
Global Graphene Battery Market By Geography
- Largest
- Fastest
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Graphene Battery Market Dynamics
Drivers
Growing Sales of Electric Vehicles and Portable Electronics
- Besides increasing sales of electric vehicles, which range for longer distances and require lower charging time, driving the growth of the global graphene battery market, portable electronics market is expected growing trends will boost the market. Furthermore, increased government investment in R&D is expected to create opportunities for profitable growth.
R&D Activities are Continuing to Develop New and Improved Products
- Graphene is a good material for high energy storage as it is an efficient conductor which is very light, very flexible and great on surface R&D activities are continuously going to develop new advanced materials like graphene-based supercapacitors and lithium sulfur batteries. Fast charging capacity, the market is expected to consume huge investments expected to witness the uptake of graphene-based batteries during the forecast period due to factors such as high thermal cycle, temperature higher efficiency, extended installation period due to higher return on investment.
Restraints
High Manufacturing Costs
- Despite the promising advantages of graphene-based batteries, the high manufacturing costs associated with graphene production and battery production remain a limiting factor need. Finding cost-effective manufacturing methods that minimize performance is essential to unlock the full potential of graphene batteries and expand their commercial adoption.
Regulatory Barriers
- Regulatory barriers and compliance requirements pose challenges to market expansion, especially in terms of safety standards, environmental regulations and intellectual property rights. A wealth of resources and expertise is needed to navigate a complex regulatory environment, which affects the pace of innovation and market penetration of graphene battery technologies.
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Graphene Battery Market Competitive Landscape
Tencent has established partnerships and strategic partnerships with graphene battery manufacturers, research institutes and academic institutions. This partnership gives Tencent access to cutting-edge research, technology and expertise in graphene battery development, fostering innovation and accelerating deployment of graphene batteries in various applications. The key players in the global graphene battery market are Cabot Corporation, Cambridge Nanosystems Ltd., G6 Materials Corp., Graphenano S.L., Graphene NanoChem plc, Graphenea S.A., NanoXplore Inc., Real Graphene USA, Vorbeck Materials Corp., and XG Sciences, Inc.
Top Player’s Company Profiles
- 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.
Recent Developments
- In June 2021, GMG, a graphene company based in Brisbane, Australia, announced a research partnership with the University of Queensland. Graphene and aluminum-ion batteries will be developed that can reportedly charge 60% faster than lithium-ion batteries.
- In June 2021, Google partnered with Seagate to launch ML to predict HDD failures. The new hdd devices will use graphene and can store ten times more data than a normal hdd.
- In 2023, LG Chem invested KRW 7.2 billion (South Korean Won) in construction battery manufacturing in Arizona. This increases production of EV and ESS batteries in North America.
- In 2021, GMG received a grant of A$3.6 million from the Australian government to help the company develop graphene products.
Graphene Battery Key Market Trends
- Innovative Integration into Wearable Devices: A major trend in the graphene battery market is the integration of graphene into flexible and wearable devices. Graphene's remarkable technical flexibility and lightweight make it an ideal material for next-generation wearable electronics ranging from smart clothing to biomedical sensors. This trend puts a strong emphasis on making batteries innovative user-centered solutions to suit consumer preferences and lifestyle habits.
Graphene Battery Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global graphene battery market is experiencing strong growth driven by increasing demand for energy storage solutions in various industries including automotive electronics, renewable energy. Graphene's unique properties offer significant advantages over conventional battery materials use, and make it acceptable in applications requiring high performance, long life and fast charging power during the growth, market players are focusing on innovation and collaboration to expand their market and they have taken advantage of emerging opportunities. Despite the promising prospects, the market faces scalability, production costs and regulatory compliance challenges, which require concerted efforts from stakeholders to address this.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 135.8 million |
| Market size value in 2031 | USD 716 million |
| Growth Rate | 23.1% |
| Base year | 2023 |
| Forecast period | 2024–2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Graphene Battery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Graphene Battery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Graphene Battery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Graphene Battery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Graphene Battery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Graphene Battery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Graphene Battery Market Report Snapshots
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