Graphene Battery Market 2018 Opportunity, Growth Analysis Forecast 2023

Graphene Battery or graphene-based battery is eco-friendly by nature. It’s properties such as lightweight, flexibility, and chemically inertness helps graphene battery to find its applications in many end-user industries. Graphene Battery is ideal for applications where high energy storage and shorter charging time is required.

The Global Graphene Battery Market is growing rapidly mainly due to the growing demand for electric vehicles and the increasing market penetration of consumer electronics. Besides, factors such as the augmenting demand from some of the burgeoning end-use industries including automobiles, electrical & electronics, aerospace & defense, energy, and health care escalate the Graphene Battery Market on the global platform.

Acknowledging the enormous growth, the market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the Graphene Battery Market will accrue colossally by 2023 registering a striking 10% CAGR during the forecast period (2016 -2023). The rapidly increasing urbanization and industrialization in the developing regions are expected to boost the market in the years to come.

Additional factors substantiating the market growth include the growing population and improving economic conditions that are increasing consumers’ purchasing power. Also, stringent regulatory framework and high rate of technology adoption are expected to impact the market growth positively.

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Global Graphene Battery Market - Segmentations

MRFR has segmented its analysis into two key dynamics for the convenience of understanding.

By Product Types: Li-Ion Battery, Li-Sulphur Battery, Supercapacitor, and Lead-Acid Battery among others.

By End-Use Industries      : Automobiles, Electrical & Electronics, Aerospace & Defense, Energy, and Healthcare, among others.

By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).

Global Graphene Battery Market – Competitive Analysis

The Graphene Battery Market is highly competitive. Manufacturers are competing on the basis of price, quality, innovation, reputation, and distribution. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the Graphene Battery Global Market.

These strategies are expected to improve product quality and increase production capacity to meet the rapidly growing demand, particularly from the emerging regions. With increasing industrialization and upgradation, manufacturers are setting up facilities to meet the demand for Calcium Silicate in the most efficient manner. Many manufacturers are making high investments into R&D of Calcium Silicate which is anticipated to impact the market positively.

Key Players:

Some of the eminent leaders of the market include SINODE SYSTEMS (U.S.), Grupo Graphenano (Spain), Graphene NanoChem (U.K), XG Sciences (U.S.), Angstron Materials Inc (U.S)., Vorbeck Materials (U.S.), NanoXplore Inc. (Canada), Graphene 3D Lab Inc (U.S.)., Cambridge Nanosystems Ltd (U.K), and Graphene Batteries AS (Norway).

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Industry/ Innovation/ Related News:

September 25, 2018 – The research team at the Key Laboratory of Graphene Technologies and Applications, Zhejiang and Advanced Li-ion Battery Engineering Lab (China) published their research of a graphene-based aluminum-air battery system they have developed.

The new battery system has high energy density with 20 kWh capacity and 1000 W output power. It can supply powers for a desktop PC, TV set, ten 60-watt bulbs, and an electric fan simultaneously and continuously for 20 hours, at least. The team has also set up the laboratory scale production line with a capacity of 3000 systems per year. The 5 KW-scale aluminum-air battery system is under developing at present.

September 05, 2018 – The Honor Mobile Company (China), a leading smartphone e-brand under Huawei Group while unveiling its new premium smartphone Honor Magic 2 at IFA 2018, also revealed that the Magic 2 would feature a graphene-based battery which will support 40W fast-charging technology mentioned as Magic Charge.

Graphene Battery Market | Research Insights, Business Outlook, Company Profiles, Trends and Forecast 2018-2023

Synopsis of Graphene Battery Market

Graphene is a sheet where carbon atoms are bound together in a honeycomb pattern, which is extensively used in batteries due to its excellent conducting properties. The properties such as lightweight, chemically inert, flexibility and eco-friendly nature find its application in many end-user industries. Graphene, when used in batteries, makes them durable, lightweight, and makes them ideal for applications which require high energy storage and shorter charging time. The growing demand for the electric vehicle along with increasing penetration of consumer electronics is expected to impact positively on the market growth. The Global Graphene Battery Market is anticipated to show burgeoning growth with a CAGR of over 10% during the forecast period.   The demand from the end use industries is a major factor driving the growth of the Global Graphene Battery Market. Some of the major end-use industries include automobiles, electrical & electronics, aerospace & defense, energy, and healthcare among others. The growing industrialization and urbanization in the developing economies across the globe are expected to boost the market during the forecast years.
Among the various product type in Graphene Battery Market, the Lithium-ion batteries are the leading segment of the market and are anticipated to continue its dominance over the forecast period.

This growth is attributed to advantages of Li-ion batteries such as high energy density and enhanced safety.  Among the end user industry, automotive is expected to be the largest segment and is expected to grow at a considerable CAGR. The growing demand for electric vehicles is expected to contribute to the growth of the segment.

Segmental Analysis

The Global Graphene Battery Market is segmented into the product, type, and end-user industry. On the basis of the product type, the Global Graphene Battery Market is segmented into Li-ion graphene battery, Li-sulphur graphene battery, supercapacitor, lead-acid battery, and others. On the basis of the end-use industry, the market is further segmented into automotive, electrical & electronics, aerospace & defense, energy, healthcare, and others.

Regional Analysis

The Graphene Battery Market is segmented into five regions: Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific is expected to be the fastest growing market with an expanding CAGR during the forecast period. Rapid growth in the industries and urbanization is fuelling the growth of the Graphene Battery in the developing countries of Asia Pacific. Moreover, the growing demand for consumer electronics in the region has resulted in the increase in the adoption rate of graphene batteries.  Furthermore, the growing purchasing power parity in the region has augmented the sale of automobiles, which is further contributing to the market growth.  China, India, and Japan are the largest consumers of Graphene Battery in this region. North America is another dominant region in the Graphene Battery Market. The developed end-user industries such as electronics, aerospace, healthcare among others are significantly driving the market growth.

Moreover, the presence of stringent regulations on the reduction of automobile emission is also contributing to the market growth. The European market is mainly driven by the developed electrical & electronics, healthcare, and automobile sector. Moreover, the growing demand for medical devices in the region has substantially affected the growth of the market.  Furthermore, the burgeoning electric car sales in the region, especially in Germany and the U.K, is anticipated to drive the market growth further. According to the Statistica, the most sold electric car was Renault Zoe, which recorded a sale of over 17 thousand units in 2016.

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Graphene Battery Market 2018: Share, Competitor Strategy, Industry Trends by Forecast to 2023

Graphene Battery are used in various end user industries such as aerospace & defense, automobile, electrical & electronics, among others. The growing demand from the developing economies across the globe are the key factors driving the global market of Graphene Battery. The growing inclination towards the electric vehicles along with the augmenting demand for consumer electronics are other factors contributing to the growth of the market. Among the various end use industry automobile is the dominant segment and expected to show the same trend during the forecast years.

Market Segmentation

The Global Graphene Battery Market is segmented into Product, Type and End User Industry. On the basis of product type, the Global Graphene Battery Market is segmented into On the Basis of Type, the market is bifurcated into Li-ion graphene battery, Li-sulphur graphene battery, super capacitor, lead acid battery and others. On the Basis of End Use Industry, the market is further segmented into automotive, electrical & electronics, aerospace & defense, energy, healthcare and others.

Competitive Analysis

Some of the prominent players operating in the Global Graphene Battery Market are Grupo Graphenano (Spain), SINODE SYSTEMS (U.S.), Graphene NanoChem (U.K), Angstron Materials Inc (U.S)., XG Sciences (U.S.), Vorbeck Materials (U.S.), Graphene 3D Lab Inc (U.S.)., NanoXplore Inc.(Canbada), Graphene Batteries AS (Norway), and Cambridge Nanosystems Ltd (U.K) among others.

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Market Scenario

Among the various product segment, the Lithium Ion Graphene Battery is expected to be dominant one is anticipated to continue its dominance during the forecast periods. The properties of Li-ion Graphene Batteries such as lightweight and high energy density paves their way into many end use industries such as automobile, electrical & electronics, aerospace among others. The supercapacitors product segment is anticipated to be the fastest growing segment during the review period. The advantages such as extended shelf life and enhanced charging abilities is contributing substantially to the growth of the segment.  Moreover, the increased adoption of supercapacitors in cell phones is further surging the market growth. Graphene Battery is extensively used over a wide range of industries, whereas automobile industry is anticipated to be the largest end use industry during the assessed period. The growing inclination towards electric cars is positively contributing to the growth of the segment.

Regional Analysis

The Global Graphene Battery Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific is anticipated to be the fastest growing market on account of the developing automobile and electrical and electronic industry. Europe and North American Graphene Battery Market is expected to witness a steady growth during the forecast years. The presence of stringent regulation to reduce the emission from automobiles along with the growing encouragement towards the adoption of electric vehicle are the key reasons attributing to the growth.

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