At 20% CAGR, Graphene Battery Market to surpass USD 97 million by 2024

China Graphene Battery Market is predicted to reach over USD 11 million by 2024 subject to rise in the manufacturing capacity by 2,000 tons per year.

As per a latest study by Global Market Insights, Inc. Global Graphene Battery Market is predicted to cross 20% CAGR to surpass USD 97 million by 2024. Growing demand for electric vehicles and portable electronic devices will propel the industry growth. Higher heat resistance and improved recharge frequency are some of factors responsible to encourage adoption of graphene in electric vehicles.

Based on technology, the graphene battery market is segmented into Lithium Ion, Lead Acid, Lithium Sulfur, and Supercapacitors. Supercapacitors are overtaking the market due to its superior charging abilities and greater shelf life. Moreover, mobile manufactures are also widely adopting the supercapacitors for increasing operating battery life, which in turn is fueling the supercapacitors graphene battery market share.

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Wide applications in automobile and healthcare industries will stimulate the lithium ion graphene battery market in the industrial segment. Superior charging abilities and greater shelf life will increase the demand for supercapacitor graphene batteries. Growing concern to reduce environmental impact coupled with the increasing penetration of electric and hybrid vehicles will positively impact the demand for graphene batteries in automotive applications. Electronic industry accounted for over 15% of global graphene battery market share in 2015. Emerging demand for portable medical devices from healthcare sector will fuel the industry growth. Increased defense expenditures and introduction of industrial robotics will raise the graphene battery demand for aerospace and defense applications.

Growing environment awareness along with increasing government subsidies led to the increased adoption of electric vehicles in the U.S. up to 70,000 in 2015. The U.S. accounted for over 76% of North America graphene battery market in 2015 subject to high quality at affordable price.

The growing trends of portable electronic devices and increasing electric vehicle demand will proliferate the graphene battery market growth in the coming years. Graphene products are regarded as low emission versions and hence are being widely adopted to promote a green environment. Moreover, its advantages such as effectiveness in high temperatures, increased charge cycles, quick charging capacity, and extended charge holding capacity will enhance the graphene battery industry outlook over the coming years.

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UK graphene battery Market for 2015 was valued over USD 2 million. Strict government regulations on the adoption of batteries with bio-hazardous content will propel the business growth.

Taking into consideration the regional outlook, Asia Pacific market is set to grow significantly, subjected to heavy gains from Japan and China graphene battery market. China will observe considerable boost in manufacturing and production capacity, surpassing 2000 tons of graphene annually from 2016. Favorable government initiatives and introduction of strict regulations on the use of bio-hazardous batteries will bring positive impact on the growth of global graphene battery market. Increasing adoption of electric vehicles in the U.S. will drive the North America graphene battery industry revenue. Norway graphene battery market share will witness heavy gains as more than 20% of automobiles in Norway are hybrid or electric vehicles.

Table Of Content For This Research Report:

Chapter 4 Graphene Battery Technology Insights

4.1 Market share by technology, 2015 & 2024
4.2 Lithium Ion Battery
4.2.1 Global Market estimates and forecast from lithium Ion Battery, 2014 - 2024
4.2.2 Global Market revenue from lithium Ion battery, by region, 2014 - 2024
4.3 Lithium sulphur battery
4.3.1 Global Market estimates and forecast from lithium sulphur battery, 2014 - 2024
4.3.2 Global Market revenue from lithium sulphur battery, by region, 2014 – 2024
4.4 Supercapacitor battery
4.4.1 Global Market estimates and forecast from supercapacitor battery, 2014 - 2024
4.4.2 Global Market revenue from supercapacitors, by region, 2014 – 2024
4.5 Lead Acid battery
4.5.1 Global Market estimates and forecast from lead acid, 2014 - 2024
4.5.2 Global Market revenue from lead acid, by region, 2014 – 2024

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