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(Transportation-News.com, July 05, 2023 ) Graphene batteries are a type of battery that utilizes graphene, a single layer of carbon atoms, for improved performance. They offer advantages such as faster charging, higher energy density, and increased durability compared to traditional lithium-ion batteries. The end-use industries for graphene batteries include consumer electronics, electric vehicles, aerospace, renewable energy storage, medical devices, and industrial/grid energy storage. However, while graphene batteries show great potential, they are still in the early stages of development and commercialization. The report "Graphene Battery Market by Type (Lithium-Ion Graphene Battery, Lithium-Sulfur Graphene Battery, Graphene Supercapacitor), End-Use Industry (Consumer Electronics, Automotive, Industrial, Power), Region - Global Forecast to 2030" The global graphene battery market size is projected to grow from USD 168 million in 2024 to USD 609 million by 2030, at a CAGR of 23.9% from 2024 to 2030. The market growth is driven by the advantages of graphene that is used as a battery material in graphene batteries and increasing demand for these batteries in consumer electronics and automotive industries.
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Browse in-depth TOC on "Graphene Battery Market”
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The lithium-ion graphene battery segment is estimated to account for the largest share of the graphene battery market in 2021.
By type, the lithium-ion graphene battery segment is estimated to account for the largest share of the graphene battery industry in 2021. Graphene lithium-ion batteries has various properties such as lightweight, high voltage, and high energy density which makes it an ideal choice to be used in consumer electronics, automotive, industrial, power, and other end-use industries.
The automotive end-use industry segment is estimated to account for the largest share of the graphene battery market in 2021.
By end-use industry, the automotive segment is estimated to account for the largest share of the market in 2021. The need for high power and energy density has created a demand for reliable and safe batteries for industries such as automotive and consumer electronics, ultimately driving the growth of the graphene battery market. Graphene batteries are used in electric vehicles in the automotive industry. The automotive segment is forecasted to have the highest growth rate owing to the rise in the demand for electric vehicles.
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Asia Pacific is estimated to account for the largest share in the global graphene battery market in 2021
The Asia Pacific region is expected to account for the largest share of the market in 2021. China, Japan, and South Korea are key countries contributing to the increased demand for graphene batteries in this region. In China, Japan and South Korea, graphene batteries are used in consumer electronics and electric vehicles. Europe is estimated to have the second-largest share of the global graphene battery market in 2021.
Samsung SDI (South Korea), Huawei Technologies Co., Ltd. (China), Log 9 Materials Scientific Private Limited (India), Cabot Corporation (US), Grabat Graphenano Energy (Spain), Nanotech Energy (US), Nanotek Instruments, Inc. (US), XG Sciences, Inc. (US), ZEN Graphene Solutions Ltd. (Canada), Graphene NanoChem (Malaysia), Global Graphene Group (US), Vorbeck Materials Corp. (US), Graphenea Group (Spain), Hybrid Kinetic Group Ltd. (Hong Kong) and Targray Group (Canada) are some of the leading players operating in the graphene battery market.
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In line with the rising demand for graphene battery, in December 2018, Log 9 Materials Scientific Private Limited (India) announced that they are working on graphene-based metal-air batteries. The metal-air battery uses metal as the anode, oxygen as the cathode and water as an electrolyte. A graphene rod is used in the air cathode of the battery. Since oxygen has to be used as the cathode, the cathode material has to be porous to let the air pass, a property in which graphene excels. According to Log 9 Materials, the graphene used in the electrode can increase the battery efficiency by five times at one-third the cost.
In November 2017, Samsung SDI (South Korea), in collaboration with Samsung Advanced Institute of Technology (SAIT), developed a unique "graphene ball" that could make lithium-ion batteries last longer and charge faster. Samsung Advanced Institute of Technology (SAIT) said that using the new graphene ball material to make batteries will increase their capacity by 45% and make their charging speed five times faster. It was also said that this battery would be able to maintain a temperature of 60 degrees Celsius that is required for use in electric cars.
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