Graphene Battery Market share from supercapacitors is set to witness growth over 25% between 2016 to 2024. Superior charging abilities and greater shelf life are some of the features which may positively impact the industry landscape. Growing supercapacitor demand from mobile phone applications owing to its high operating life may favor the business growth.
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 industry share.
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The beneficial properties of graphene are making it a promising material for a multitude of applications. The versatile use of graphene batteries in Automotive, Aerospace & Defense, Healthcare, Electronics, and Industrial Robotics industries has generated significant growth opportunities in graphene battery market. Aerospace & defense applications are likely to observe considerable growth with increased defense expenditure in developed nations.
Lithium ion graphene battery market size was valued over USD 9 million for 2015. Mobile phones, laptops and tablet phones are notable adoption areas contributing to segment growth. In 2015, over 60% of adult population in the U.S. had at least one portable electronic device compared to over 30% in 2011.
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 industry. Increasing adoption of electric vehicles in the U.S. will drive the North America graphene battery industry revenue. Norway graphene battery industry share will witness heavy gains as more than 20% of automobiles in Norway are hybrid or electric vehicles.
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Increasing electric vehicle demand and portable electronic device penetration trends will drive the global graphene battery market size. Graphene has higher heat resistance with improved recharging efficiency when compared with conventional material including lithium ion making them a safer option for electric vehicles.
The growing trends of portable electronic devices and increasing electric vehicle demand will proliferate the graphene battery market growth in the coming years. According to Global Market Insights, Inc. “Graphene battery industry size is estimated to witness a CAGR of 20% over the period of 2016-2024.” 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.
Major Point From Table Of Content:
Chapter 4 Graphene Battery Technology Insights
4.1 Graphene Battery market share by technology, 2015 & 2024
4.2 Lithium Ion Battery
4.2.1 Global Graphene Battery market estimates and forecast from lithium Ion Battery, 2014 – 2024
4.2.2 Global Graphene Battery market revenue from lithium Ion battery, by region, 2014 – 2024
4.3 Lithium sulphur battery
4.3.1 Global Graphene Battery market estimates and forecast from lithium sulphur battery, 2014 – 2024
4.3.2 Global Graphene Battery market revenue from lithium sulphur battery, by region, 2014 – 2024
4.4 Supercapacitor battery
4.4.1 Global Graphene Battery market estimates and forecast from supercapacitor battery, 2014 – 2024
4.4.2 Global Graphene Battery market revenue from supercapacitors, by region, 2014 – 2024
4.5 Lead Acid battery
4.5.1 Global Graphene Battery market estimates and forecast from lead acid, 2014 – 2024
4.5.2 Global Graphene Battery market revenue from lead acid, by region, 2014 – 2024
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