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.
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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 market 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.
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.
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.
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. Advancement in technology and strong government support to encourage electrical vehicle adoption will further propel the business growth. In 2017, China announced to deploy approx. five million electric vehicles by 2020. Japan was the first country involved in adoption of electric vehicles for public transport and will witness the growth over 25% subject to established distribution channels and increasing customer awareness.
Major participants in graphene battery market are Graphene 3D Lab, SiNode Systems, XG Sciences, Graphene Nanochem, Graphenano, Cabot and Group NanoXplore.
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Glimpse of Table of Content (ToC)
Chapter 3 Graphene Battery Industry Insights
3.1 Industry segmentation
3.2 Industry size & growth forecast, 2014 – 2024
3.3 Graphene Battery industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Technology & innovation landscape
3.5 Regulatory landscape
3.6 Price trend analysis
3.6.1 Cost structure analysis
3.7 Industry impact forces
3.7.1 Growth drivers
22.214.171.124 Increasing demand of electric vehicles
126.96.36.199 Growing adoption of portable electronic devices
188.8.131.52 Government regulations
184.108.40.206 Longer shelf life
3.7.2 Industry pitfalls & challenges
220.127.116.11 High manufacturing cost
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 Competitive landscape, 2015
3.10.1 Strategy dashboard
3.11 PESTEL analysis
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