Graphene battery have big opportunity in global markets
Graphene batteries are one of the fastest energy-storing solutions available, globally. Graphene utilized as an electrode material in batteries needs to be of high quality, that is, single to few layered graphene. Graphene is an effective conductor, extremely lightweight, highly flexible with a large surface area, and an excellent material for high-capacity energy storage batteries.
Battery manufacturers focus on the commercialization of graphene to deliver highly efficient batteries in the coming years for products such as electric vehicles, portable electronics, healthcare equipment, aerospace & defense electronic devices, energy-storing batteries, and industrial robotics gadgets. Intensive R&D activities are underway to deliver revolutionary, innovative, and cost-effective products, such as graphene-based supercapacitors, lithium-sulphur batteries, and graphene-powered solar panels. The graphene market is expected to witness an exponential growth owing to drivers such as the increase in sales of the electric vehicle, rise in the portable electronics market, and need for the adoption of non-conventional energy resources.
The world graphene battery market is segmented on the basis of the type of battery, industry, and geography. On the basis of battery, the type is divided into Li-ion battery, Li-sulphur battery, supercapacitors, and a lead-acid battery. The Li-ion battery segment dominates the market owing to higher energy density, relatively low self-discharge, low maintenance, and provision of high current for applications like power tools.
On the basis of industry, it is classified as automotive, electronics, energy, aerospace & defense, industrial robotics, and healthcare. Geographically, the market is as analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe is projected to account for the highest market share in 2016 due to the significant R&D in product innovations, presence of major high-quality graphene manufacturers, and rising automotive electric vehicle & portable electronics market. In addition, the Asia-Pacific is expected to emerge as the most lucrative market with highest growth potential owing to the booming application industries such as automotive, electronics, and industrial robotics.
Key players operating in the world graphene battery market are Cabot Corporation, NanoXplore Inc., Graphene 3D Lab Inc., Graphenano s.l, SiNode Systems Inc., Graphene NanoChem PLC, XG Sciences Inc., Cambridge Nanosystems Ltd, Graphenea S.A., and Vorbeck Materials.
The study provides an in-depth analysis of the world graphene battery market, with current trends and future estimations to elucidate the imminent investment pockets.
The report provides a quantitative analysis from 2014 to 2022, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
Extensive analysis by industries helps in understanding the various industries utilizing graphene-based battery as their energy source.
Competitive intelligence highlights the business practices followed by leading players across various regions.
SWOT analysis studies the internal environment of leading companies for effective strategy formulation.