What is the estimated value of the global Graphene Battery Market?

The global market for Graphene Battery was estimated to be valued at US$ XX Mn in 2021. Read More

What is the expected growth rate of the global Graphene Battery Market during the forecast period?

The global Graphene Battery Market is estimated to grow at a CAGR of XX% by 2028. Read More

What are the key industry segments covered in the report?

The global Graphene Battery Market is segmented on the basis of BATTERY TYPE, APPLICATION, Region. Read More

On the basis of region, how is the global Graphene Battery Market segmented?

Based on region, the global Graphene Battery Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Read More

Who are the key players competing in the global Graphene Battery Market?

The key players operating 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., XG Sciences, Inc. Read More

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 (Battery Electric Vehicles, Plug-In Hybrid Electric Vehicles), Consumer Electronics (Smartphones, UPS), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25A2302 | Region: Global | Published Date: October, 2024
Pages: 221 | Tables: 67 | Figures: 70

Graphene Battery Market News

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 Market Report Snapshots

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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 market is slightly consolidated because of a significant presence of medium- and large-sized firms. The graphene battery industry is an interactive environment with the existence of established players and innovative participants. To sustain and strengthen their market positions, key companies are applying all kinds of organic as well as inorganic growth mechanisms, which include facility expansion, new product development, R&D, mergers, acquisitions, and joint ventures. '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.'

Graphene batteries have some better performance attributes in contrast to the conventional lithium-ion batteries, such as longer lifetimes, higher energy densities, and faster charging time. Due to these advancements, they are very promising for many applications, particularly in consumer electronics and electric vehicles. Due to this fact, the graphene battery industry is expected to rise based on the sectors focused on energy efficiency and fast charging.

Integration of Advanced Materials: The graphene battery industry appears promising in view of development through application of the latest materials to gain the maximum performance. There has been a push toward making hybrid battery technology based on incorporation of graphene and other substances, such as lithium-sulfur. What is emerging here is an entire industry increasingly prone to innovation and provision of novel forms of energy storage suited to meet the future demands in energy.

The growing electric vehicle industry and growing demand for efficient energy storage are expected to propel the graphene battery industry in North America for the forecast period. For developing graphene-based anode materials of lithium-ion batteries with the objectives of fast charging, higher range, and environmentally friendly solutions, major players in the graphene and electric vehicle manufacturing industries are working together. Such a trend would increase funding for graphene battery R&D substantially and drive this trend forward. However, the context has been a challenge, and production costs for graphene have not been easy till now.

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