A graphene battery refers to a type of battery that incorporates graphene, a single layer of carbon atoms arranged in a two-dimensional hexagonal lattice. It is characterized by efficient electron transfer rates, higher energy storage capacity, lightweight construction, excellent thermal conductivity, and chemical stability. It exhibits various properties, such as durability, high flexibility, strength, low weight, and chemically inert. It offers enhanced performance, shorter charging times, and increased energy output and is considered suitable for high-capacity energy storage as compared to conventional batteries.
The global graphene battery market size reached US$ 90.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 373.0 Million by 2028, exhibiting a growth rate (CAGR) of 24.84% during 2023-2028.
Graphene Battery Market Trends and Drivers:
Increasing preferences for electric vehicles (EVs) on account of inflating petrol prices and the growing demand for fuel-efficient vehicles represents one of the primary factors driving the demand for graphene batteries around the world. Moreover, the rising sales of smartphones, laptops, power banks, and other portable devices due to rapid urbanization and inflating income levels are favoring the growth of the market. In addition, the growing demand for improved energy storage solutions in different industry verticals and the increasing adoption of renewable energy sources, such as solar and wind energy, among the masses is influencing the market positively. Besides this, extensive research and development (RD) activities to launch lightweight and small graphene batteries with enhanced efficiency are propelling the growth of the market.
Global Graphene Battery Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Cabot Corporation, Elcora Advanced Materials Corp., Global Graphene Group, Graphenano s.l., Graphene Batteries AS, Hybrid Kinetic Group Limited, Nanotech Energy Inc. and XG Sciences Inc.
The report has segmented the market on the basis of region, battery type and application.
Breakup by Application:
- Automotive
- Electronics
- Energy
- Aerospace and Defense
- Industrial Robotics
- Healthcare
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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