Graphene is a sheet of carbon atoms tied up together in a honeycomb pattern which is extensively used, as it is a good conductor of electrical and thermal energy. Graphene batteries are emerging as a prominent substitute for traditional batteries. The cathode used in Graphene batteries is made of Graphene and hybrid material, which contains solid-state metallic over the cathode used in traditional batteries is composed of solid-state material. This makes Graphene batteries lightweight, durable, and ideal for applications that require shorter charging time with high-energy storage.
Rising Demand for Graphene Battery in various End user industries anticipated to drive the Market over the forecast period.Increasing demand from consumer electronics and automotive industries due to the advantages of the Graphene that is used as a battery material in the Graphene battery is driven market growth. Furthermore, the growth of aerospace, defense, energy, electronics and healthcare sectors across the globe is anticipated to boost the global Graphene battery market. Graphene is chemically inert, lightweight, flexible, and eco-friendly. These properties are expected to enhance its adoption in various industries which will help the global Graphene battery market growth during the forecast period.
“Global Graphene Battery Market was Valued at US$ 45.6 Mn in 2018 and it is Expected to Reach More than US$ 290.5 by 2027, Likely to Grow with the CAGR of 22.8% During the Forecast Period.”
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Based on the end-use industry, the automotive segment is estimated to account for the largest market share of the Graphene battery market in 2018. This trend is expected to continue over the forecast period owing to the rise in the demand for electric vehicles due to environmental concerns and awareness about clean and sustainable fuel. The need for high power and energy density has created a demand for reliable and safe batteries for sectors such as automotive and consumer electronics, ultimately driving the growth of the Graphene battery market.
Lithium-Ion Graphene Battery Segment Is Expected To Witness Highest Growth In The Global Graphene Battery Market Across The Globe. Based on type, the lithium-ion Graphene battery segment constituted a major share over 15 million of the Graphene Battery market in 2018 and it is projected to grow at the highest growth rate above xx % during the forecast period owing to its wide applications in various end-use industries including automobile, consumer electronics, industrial, and power.
The Asia Pacific accounted for largest share over xx % of the Graphene battery market in 2018 and is expected to grow at rapid pace during the forecast period. China, Japan, and South Korea are key countries contributing to the increased demand for Graphene batteries in this region. In China, Japan and South Korea along with electric vehicles, Graphene battery is used in consumer electronics.
Some of the key players in the global Graphene Battery market are Samsung SDI, Huawei Technologies Co., Ltd. Log 9 Materials Scientific Private Limited, Cabot Corporation, Grabat Graphenano Energy, Nanotech Energy , Nanotek Instruments, Inc. , XG Sciences, Inc., ZEN Graphene Solutions Ltd., Graphene NanoChem, Global Graphene Group, Vorbeck Materials Corp. (US), Graphenea Group (Spain), Hybrid Kinetic Group Ltd., and Targray Group
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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