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According to the latest report released by Markets and Markets, the global graphene battery market is expected to reach $609 million by 2030, with a compound annual growth rate of 23.
9%.
In the short term, lithium-ion graphene batteries will account for the largest market share of this market
by 2021.
Due to their light weight, durability, suitable for large-capacity energy storage, and shortened charging time, graphene lithium-ion batteries are welcomed
by end-use industries such as consumer electronics, automotive, industrial, and power.
Therefore, the lithium-ion graphene battery market is expected to have the highest growth rate
compared to other batteries.
By end-use industry, the automotive segment is estimated to hold the largest market share
by 2021.
The demand for high power and high energy density has led to the demand for reliable and safe batteries in industries such as automotive and consumer electronics, ultimately driving the growth of the graphene battery market, especially in the electric vehicle market
.
Moreover, due to environmental concerns and awareness of clean and sustainable fuels, the demand for electric vehicles has increased, and the automotive segment is expected to have the highest
growth rate.
By regional market, Asia Pacific will be the largest regional market
by 2021.
China, Japan, and South Korea are the major countries
driving the growth in demand for graphene batteries in the region.
In China, Japan and South Korea, electric vehicles use graphene batteries for consumer electronics
.
Europe is estimated to hold the second largest share
of the global graphene battery market by 2021.
From the vendor perspective, Samsung SDI (Korea), Huawei Technologies (China), Log 9 Materials Science (India), Cabot Corporation (USA), Grabat Grafennano Energy (Spain), Nanotechnology Energy (US), ZEN Graphene Solutions Ltd.
(Canada), Graphene NanoChem (Malaysia), Global Graphene Group (United States) will become the main leader
in the global graphene battery market.
According to the latest report released by Markets and Markets, the global graphene battery market is expected to reach $609 million by 2030, with a compound annual growth rate of 23.
9%.
In the short term, lithium-ion graphene batteries will account for the largest market share of this market
by 2021.
Due to their light weight, durability, suitable for large-capacity energy storage, and shortened charging time, graphene lithium-ion batteries are welcomed
by end-use industries such as consumer electronics, automotive, industrial, and power.
Therefore, the lithium-ion graphene battery market is expected to have the highest growth rate
compared to other batteries.
By end-use industry, the automotive segment is estimated to hold the largest market share
by 2021.
The demand for high power and high energy density has led to the demand for reliable and safe batteries in industries such as automotive and consumer electronics, ultimately driving the growth of the graphene battery market, especially in the electric vehicle market
.
Moreover, due to environmental concerns and awareness of clean and sustainable fuels, the demand for electric vehicles has increased, and the automotive segment is expected to have the highest
growth rate.
By regional market, Asia Pacific will be the largest regional market
by 2021.
China, Japan, and South Korea are the major countries
driving the growth in demand for graphene batteries in the region.
In China, Japan and South Korea, electric vehicles use graphene batteries for consumer electronics
.
Europe is estimated to hold the second largest share
of the global graphene battery market by 2021.
From the vendor perspective, Samsung SDI (Korea), Huawei Technologies (China), Log 9 Materials Science (India), Cabot Corporation (USA), Grabat Grafennano Energy (Spain), Nanotechnology Energy (US), ZEN Graphene Solutions Ltd.
(Canada), Graphene NanoChem (Malaysia), Global Graphene Group (United States) will become the main leader
in the global graphene battery market.