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Graphene Battery Market Size, Share, Trends, Growth Outlook

Graphene Battery Market outlook, 2023- Forecasts and Opportunities of the Graphene Battery Industry by Type (Lithium-Ion Graphene Battery, Lithium-Sulfur Graphene Battery, Graphene Supercapacitors), by Application (Automotive, Consumer Electronics, Industrial, Power, Others), Companies, and Countries to 2030

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  • |Published Month : February, 2024
  • |No. of Pages : 180

 

The global graphene battery market is witnessing wide interest from companies and research entities worldwide, driven by robust market growth potential. The report provides a comprehensive analysis of graphene types and their forecasts from 2021 to 2030. Market size forecasts of key types including lithium-ion graphene batteries, lithium-sulfur graphene batteries, and graphene supercapacitors are included in the research study. Further, the growth prospects of graphene batteries across Automotive, Consumer Electronics, Industrial, Power, and other end-user industry verticals are also provided in the report. Further, the graphene battery industry analysis provides market size forecasts across 25 countries worldwide. In addition, 10 leading companies are profiled in the research study.

 

Global Graphene Battery Market Analysis, 2023

Battery manufacturers worldwide are investing significantly in materials with high storage capacity, weight reduction, increased battery life, higher economies of scale, and other parameters, which support the demand for graphene batteries.

Owing to the potential benefits of graphene such as high electronic mobility, low light absorbance, large surface area, and supportive mechanical attributes, the use of graphene in batteries is increasingly observed.

Rapid innovation in graphene over the recent past is supporting the demand for graphene batteries across end-user industries. In particular, the rapid growth in the automotive industry is encouraging the demand for graphene batteries. Further, robust demand for advanced utility grid-level battery solutions is also encouraging investments in the graphene battery industry.

Graphene holds great potential in energy storage and in particular, graphene-enhanced Li-Ion batteries (energy density of 250 to 300 Wh/Kg) and Graphene enhanced Lithium-Sulfur (with an energy density of around 350 Wh/Kg) are widely considered sustainable storage solutions for the future.  

 

Graphene Battery Market Report Highlights

  • The global Graphene battery market size stood at $127.9 million in 2022 and is expected to maintain rapid growth, with a Compound Annual Growth Rate (CAGR) of 20.8 percent from 2023 to 2030.
  • The lithium-ion graphene battery type is the largest type of graphene battery, owing to its lightweight, high voltage, and high energy density properties. In 2022, the segment accounted for an estimated 54% market share.
  • Robust demand for lightweight, non-flammable, reliable, and high-efficiency storage systems is encouraging the use of graphene batteries across diverse end-user industries. The report analyzes the market outlook across automotive, consumer electronics, industrial, power, and other applications. Of these, the automotive application held the largest market share, in revenue terms.
  • The market adoption across a wide range of end-user industries supports the business in Asia Pacific. In particular, demand from the automotive and consumer electronics manufacturing industries presents robust growth potential in the region.
  • Key market drivers of the global graphene battery market include- Increasing R&D investments in the development of graphene composites, potential benefits of graphene materials over alternatives, eco-friendly and sustainable alternatives in industrial applications, and long-term growth potential.
  • On the other hand, limited production volume, and escalating capital and R&D costs pose challenges to rapid growth in the industry.
  • On the competitive landscape front, the global graphene battery industry is characterized by the presence of several small-scale and medium-scale players. An intense competitive scenario is observed among leading market players, with leading players focusing on new product launches.

 

Graphene Battery Market Size Outlook to 2030

The $127.9 million global graphene market size is poised to register a growth of 20.8% between 2023 and 2030, to reach $560.7 million by end of the forecast period. The chart below details the Graphene battery market size outlook from 2021 to 2030 along with the year-on-year growth forecasts.

Graphene Battery Market Size Outlook to 2030

Market Trends- Graphene Battery Market Growth Driven by R&D initiatives

Research initiatives such as BATTERY 2030+ are widely funded by companies and government entities to support the potential impact graphene can have on future batteries and their potential in reducing the environmental impact of battery use. Further, research projects focusing on developing composites with silicone and graphene are widely observed.

Key market developments in the areas of composites, manufacturing processes, applications, and others present robust growth prospects. Nanotech Energy Europe concluded an agreement to supply over 1 GWh size graphene battery energy storage systems to Smile Energy in Greece. Similarly, Lyten developed a Li-S graphene battery in 2021, with an energy density three times the energy density of traditional lithium-ion batteries.

Producing graphene through reliable and efficient processes such as Scotch Tape Method, Wedge-based Mechanical Exfoliation, Solvent Aided Method, and others.

WMG and Senergy Innovations collaborate to develop graphene-based solar thermal cells. Similarly, Northwestern University and Clemson University researchers assess the impact of graphene coating on Li-Ion batteries while the University of Cambridge designed GO-enhanced light rechargeable Lithium-Ion batteries.

 

Graphene Battery Market Opportunities- Automotive application offers huge growth prospects for companies

The global graphene battery market is dominated by the automotive industry. In 2022, the segment accounted for 30% market share of the global graphene battery market size. Other applications analyzed in the report include Consumer Electronics, Industrial, Power, and others.

Potential benefits of graphene batteries including lightweight, durability, and suitability for high-capacity energy storage support their widespread use in the automotive industry. Further, ongoing investments in unlocking growth opportunities in electric vehicle battery cell manufacturing support the long-term growth outlook of the application segment.

The chart below presents the graphene battery market size by diverse applications in 2022-

Graphene Battery Market Share- Automotive, Electronics, Industrial, Power

Graphene Battery Market Share Analysis- Lithium-Ion Graphene Batteries stood as the dominant revenue generator in 2022

Graphene battery is used for energy storage and supercapacitor applications. Of these, energy storage types including Lithium-Ion Graphene Batteries and Lithium-Sulfur Graphene batteries are witnessing strong demand. In 2022, the lithium-ion graphene battery stood as the dominant revenue generator for companies. The segment accounted for 54% market share in the global graphene battery industry, in revenue terms.

Graphene Battery Market Revenue- Li-Ion Graphene, Li-sulfur, Supercapacitor

Graphene Supercapacitors, on the other hand, present huge long-term growth prospects. Potential benefits of graphene batteries such as fast charge and discharge, low internal resistance, high energy efficiency, operation across extreme temperature ranges, inflammability, absence of toxic metals or harmful chemicals, and function for over 1 million charge-discharge cycles supporting their use in supercapacitors.

 

Competitive Landscape- Leading companies profiled in the Graphene battery industry analysis

The market is characterized by several small and medium-scale companies focusing on commercializing graphene batteries across applications. A large number of North American companies including Nanotech Energy, Cabot Corporation, ZEN Graphene Solutions, Nanotek Instruments Inc, XG Sciences Inc., Targray Group, Vorbeck Materials Corp., and others have an active presence in the industry. In addition, Asian companies such as Samsung SDI, Huawei, Graphene NanoChem, Hybrid Kinetic Group Ltd., Log 9 Materials Scientific Private Limited, and others are expanding their investments in the industry. In addition, European companies are also focusing on widening the applications of Graphene batteries.

 

Graphene Battery Market Segmentation

The report focuses on the leading graphene battery market outlook across types, applications, and countries. The chapter below presents the graphene battery report scope-

 

Graphene Battery Types-

  • Lithium-Ion Graphene Battery
  • Lithium-Sulfur Graphene Battery
  • Graphene Supercapacitors
  • Others

Graphene Battery Applications-

  • Automotive
  • Consumer Electronics
  • Industrial
  • Power
  • Others

Companies profiled in the research-

  • 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.

Leading Markets Analyzed in the Report-

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

1. Executive Summary

1.1 Introduction to Graphene Battery Markets

1.2 Graphene Battery Market Size Outlook, 2021- 2030

1.3 Growth Opportunities in Graphene Battery Industry

1.4 Winning Strategies for the post-pandemic future

 

2. Report Guide

2.1 Market Definition and Scope

2.2 Market Segmentation

2.3 Research Methodology

2.4 Forecast Methodology

2.5 List of Abbreviations

 

3. Growth Opportunity Analysis

3.1 Key Graphene Battery Market Trends

3.1.1 R&D investments from companies and government entities

3.1.2 Potential benefits of graphene materials

3.1.3 Eco-friendly and sustainable alternative in industrial applications

 

3.2 Key Graphene Battery Market Growth Drivers

3.2.1 Focus on Emerging Countries in Asia Pacific

3.2.2 Long-term growth potential

 

3.3 Key Graphene Battery Market Growth Restraints

3.3.1 Limited production volume

3.3.2 Escalating capital and R&D costs

 

4 Graphene Battery Market Outlook – Scenario Analysis

4.1 Low Growth Case Scenario Forecasts: Graphene Battery Market Size Outlook to 2030

4.2 Reference Growth Case Scenario Forecasts: Graphene Battery Market Size Outlook to 2030

4.3 High Growth Case Scenario Forecasts: Graphene Battery Market Size Outlook to 2030

 

5. Graphene Battery Market Segmentation- Outlook by Type

5.1 Graphene Battery Market Share Analysis by Type, 2023

5.2 Li-Ion Graphene Battery Market Outlook to 2030

5.3 Li-Sulfur Graphene Battery Market Outlook to 2030

5.4 Graphene Supercapacitor Battery Market Outlook to 2030

5.5 Other Types

 

7. Graphene Battery Market Segmentation- Outlook by Application

7.1 Graphene Battery Market Share Analysis by Application, 2023

7.2 Automotive: Graphene Battery Market Outlook to 2030

7.3 Consumer Electronics: Graphene Battery Market Outlook to 2030

7.4 Industrial: Graphene Battery Market Outlook to 2030

7.5 Power: Graphene Battery Market Outlook to 2030

7.6 Other Applications

 

8. North America Graphene Battery Market Outlook and Opportunities to 2030

8.1 Market Snapshot, 2023

8.2 North America Graphene Battery Market Growth Opportunities

8.2.1 North America Graphene Battery Market Outlook by Type, 2021 to 2030

8.2.2 North America Graphene Battery Market Outlook by Application, 2021 to 2030

8.2.3 North America Graphene Battery Market Outlook by Country, 2021 to 2030

8.3 United States Graphene Battery Market Outlook, 2021 to 2030

8.4 Canada Graphene Battery Market Outlook, 2021 to 2030

8.5 Mexico Graphene Battery Market Outlook, 2021 to 2030

 

9. Europe Graphene Battery Market Outlook and Opportunities to 2030

9.1 Market Snapshot, 2023

9.2 Europe Graphene Battery Market Growth Opportunities

9.2.1 Europe Graphene Battery Market Outlook by Type, 2021 to 2030

9.2.2 Europe Graphene Battery Market Outlook by Application, 2021 to 2030

9.2.3 Europe Graphene Battery Market Outlook by Country, 2021 to 2030

9.3 Germany Graphene Battery Market Outlook, 2021 to 2030

9.4 France Graphene Battery Market Outlook, 2021 to 2030

9.5 United Kingdom Graphene Battery Market Outlook, 2021 to 2030

9.6 Spain Graphene Battery Market Outlook, 2021 to 2030

9.7 Italy Graphene Battery Market Outlook, 2021 to 2030

9.8 Other Europe Graphene Battery Market Outlook, 2021 to 2030

 

10. Asia Pacific Graphene Battery Market Outlook and Opportunities to 2030

10.1 Market Snapshot, 2023

10.2 Asia Pacific Graphene Battery Market Growth Opportunities

10.2.1 Asia Pacific Graphene Battery Market Outlook by Type, 2021 to 2030

10.2.2 Asia Pacific Graphene Battery Market Outlook by Application, 2021 to 2030

10.2.3 Asia Pacific Graphene Battery Market Outlook by Country, 2021 to 2030

10.3 China Graphene Battery Market Outlook, 2021 to 2030

10.4 Japan Graphene Battery Market Outlook, 2021 to 2030

10.5 India Graphene Battery Market Outlook, 2021 to 2030

10.6 South Korea Graphene Battery Market Outlook, 2021 to 2030

10.8 Other Asia Pacific Graphene Battery Market Outlook, 2021 to 2030

 

11. South and Central America Graphene Battery Market Outlook and Opportunities to 2030

11.1 Market Snapshot, 2023

11.2 South and Central America Graphene Battery Market Growth Opportunities

11.2.1 South and Central America Graphene Battery Market Outlook by Type, 2021 to 2030

11.2.2 South and Central America Graphene Battery Market Outlook by Application, 2021 to 2030

11.2.3 South and Central America Graphene Battery Market Outlook by Country, 2021 to 2030

11.3 Brazil Graphene Battery Market Outlook, 2021 to 2030

11.4 Argentina Graphene Battery Market Outlook, 2021 to 2030

11.5 Other Latin America Graphene Battery Market Outlook, 2021 to 2030

 

12. Middle East and Africa Graphene Battery Market Outlook and Opportunities to 2030

12.1 Market Snapshot, 2023

12.2 Middle East and Africa Graphene Battery Market Growth Opportunities

12.2.1 Middle East and Africa Graphene Battery Market Outlook by Type, 2021 to 2030

12.2.2 Middle East and Africa Graphene Battery Market Outlook by Application, 2021 to 2030

12.2.3 Middle East and Africa Graphene Battery Market Outlook by Country, 2021 to 2030

 

13. Profiles of major world Graphene Battery Companies

13.1 Graphenano Nanotechnologies

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

13.2 Nanograf Technologies

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

13.3 Global Graphene Group

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

13.4 XG Sciences

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

13.5 Graphene 3D Lab, Inc.

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

13.6 Samsung SDI

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

13.7 Huawei

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

13.8 Hybrid Kinetic Group Ltd.

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

- Financial Profile

13.9 Vorbeck Materials

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

- Financial Profile

13.10 Elcora Advanced Materials Corp.

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

- Financial Profile

 

14. Appendix

14.1 Publisher’s Expertise

14.2 List of Tables and Charts

14.3 List of Exhibits

14.4 Legal Disclaimer

 

Frequently Asked Questions

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