BANGALORE, India, Nov. 9, 2020
BANGALORE, India, Nov. 9, 2020 /PRNewswire/ -- A new Graphene Battery Market Research Report published on Valuates Reports in Electronics & Electrical Category. The report contains segmentation based on Type (Offset Printing, Intaglio Printing, Digital Printing, Other), Based on Application (Image, Painting, Pattern, Other). It also covers Global Opportunity Analysis and Industry Forecast to 2027.
Major factors driving the growth of graphene battery market size are, increasing demand in consumer electronics and automotive industries, continuous R&D and features such as rapid charging power, improved charge cycles, high-temperature performance, and extended charge holding time.
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TRENDS INFLUENCING THE GRAPHENE BATTERY MARKET SIZE
Graphene is an efficient conductor that is extremely lightweight and highly versatile with a wide surface area, making it an ideal material for high-capacity energy storage. Continuous R&D activities are underway to develop new and improved products, such as graphene-based supercapacitors and lithium-sulfur batteries. This continuous R&D is, in turn, expected to fuel the graphene battery market size.
The global demand for graphene batteries is driven by a rise in electric vehicles in the automotive sector and portable electronics, such as cell phones, laptops, tablets, and portable speakers. Thus, the growing adoption of graphene in the automotive sector is expected to increase the graphene battery market size.
Graphene is an excellent substrate to build high energy & density, lightweight, stretchable, fast charging, and long-lasting batteries for anchoring lithium battery anode and cathode materials. Calculations show that graphene has the ability to help realize supercapacitors with the energy density of batteries that can be recharged in seconds due to its incredible quantum capacitance and excellent electrical and mechanical properties. These features are, in turn, expected to increase the graphene battery market size.
The graphene battery's longer shelf life also serves as a catalyst for the graphene battery market size growth. However, high graphene battery manufacturing costs and prohibitive mass production of graphene batteries could hamper the market growth.
GRAPHENE BATTERY MARKET SHARE ANALYSIS
Europe is expected to hold the largest Graphene battery market share during the forecast period. This dominance of the European region is attributed to the presence of major graphene manufacturing companies in the region.
Asia-Pacific has been the second-largest revenue contributor in the graphene battery market and is expected to see considerable growth during the forecast period. This rapid growth of the Asia Pacific region is due to increased CO2 emission regulations and a growing understanding of non-conventional energy resources. For example, by accelerating electric cars' production, the Japanese government is targeting a 25 percent reduction in CO2 emissions by 2020 and 50 percent by 2050. The energy storage market requires graphene-based batteries with ultra-large capacity and rapid charge-and discharge capacity to achieve this.
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Key Market Segments
By Battery Type
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SIMILAR REPORTS :
The global graphene market size valued at USD 91.3 Million in 2019, and is projected to reach USD 1,369.1 Million by 2027, growing at a CAGR of 40.2% from 2020 to 2027.
Graphene Market by Product Type (Mono-layer & Bi-layer graphene, Few Layer Graphene, Graphene Oxide, and Graphene Nano Platelets) and Application (Composites, Energy Storage, RFID, Sensors, Polymer additives, and Functional ink) - Global Opportunity Analysis and Industry Forecast, 2014-2021
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The global lithium-ion battery market size was valued USD 36.7 Billion in 2019, and is projected to hit USD 129.3 Billion by 2027, at a CAGR of 18.0% from 2020 to 202
The demand for Li-ion batteries in the automobile industry is expected to drive the Lithium-Ion Battery Market size growth. These batteries have gained popularity among automobile manufacturers as they offer an alternative to nickel metal batteries used in electric vehicles due to their small size and lightweight.
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The global lead-acid battery market size was valued at USD 39.7 Billion in 2018 and is projected to reach USD 59.7 Billion by 2026, growing at a CAGR of 5.24% from 2019 to 2026.
Lead–Acid Battery Market by Product (SLI, Stationary, and Motive), Construction Method (Flooded and VRLA), and Application (Automotive, UPS, Telecom, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026
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The Global Lithium–Sulfur Battery Market is expected to grow from USD 476.72 Million in 2019 to USD 1,242.78 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 17.31%.
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The global supercapacitor market size was valued at USD 3.27 Billion in 2019 and is expected to reach USD 16.95 Billion by 2027, growing at a CAGR of 23.3% from 2020 to 2027.
Major factors driving the growth of supercapacitor market size are increasing demand in energy harvesting applications, rising use of supercapacitors in trains and aircraft and the increasing global demand for electric vehicles.
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The global Graphene Electronics market size is projected to reach USD 1091.5 Million by 2026, from USD 351.1 Million in 2020, at a CAGR of 20.8% during 2021-2026.
The high adoption of graphene in Electronics is due to their properties such as High heat and electricity conductivity, along with superior functionality and performance.
This report offers an in-depth analysis of the global graphene electronics market that would help stakeholders make strategic business decisions to sustain and grow in the industry.
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The global Graphene Oxide (GO) market size is projected to reach USD 56 Million by 2026, from USD 9 Million in 2020, at a CAGR of 36.5% during 2021-2026.
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The global Graphene Nanocomposites market size is projected to reach USD 610840 Million by 2026, from USD 280720 Million in 2020, at a CAGR of 13.8% during 2021-2026.
Graphene Nanocomposites Market by Type (Graphene Oxide (GO), Graphene Nano Platelets (GNP), Graphene Polymer), Application (Packaging, Medical, Building & Construction, Electronics & Electrical, Automotive) : Global Opportunity Analysis and Industry Forecast, 2019–2026
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