Global Graphene Battery Market is segmented By Type (Lithium-Ion, Lithium-Sulfur, Lithium-Metal, Metal-Air, Supercapacitor), By Form (powder, Dispersion, Spin Coated Film), By End User (Automotive, Electronics, Aerospace & Defense, Industrial Robotics, Others), By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Graphene Battery Market Overview
The Graphene Battery Market size was worth US$ XX billion in 2022 and is estimated to reach US$ XX billion by 2030, growing at a CAGR of 23.9% during the forecast period (2023-2030).
A graphene battery consists of two electrodes and an electrolyte solution to facilitate ion transfer. The main difference between graphene-based batteries and solid-state batteries is in the composition of one or both electrodes. Graphene offers higher electrical conductivity than other conventional batteries, allowing faster-charging cells that can deliver very high currents.
Graphene batteries are also slimmer and slimmer than others, which offer smaller, thinner devices or larger capacities. In contrast, lithium-ion batteries have a good safety record with very few major incidents involving faulty products. The graphene batteries are used in numerous industries, including automotive, electronics, energy and others, due to their additional advantages over others.
Graphene Battery Market Scope
Metrics |
Details |
Market CAGR |
23.9% |
Segments Covered |
By Type, By Form, By End-User, and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
Largest Market Share |
Asia Pacific |
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Graphene Battery Market Dynamics and Trends
The global graphene battery market growth is driven by demand for efficient batteries from numerous industries, graphene products moving towards commercialization, increasing research and developments in the field.
Demand for efficient batteries from numerous industries
The demand for efficient batteries from numerous industries is expected to drive the global graphene battery market. The batteries used currently in smartphones cannot handle more than 500 charge cycles; standard phone batteries can't safely be charged with a 60-watt. Moreover, the batteries suffer from issues such as overcharging and puncturing.
On the other hand, graphene batteries can manage up to 1500 charge cycles. These batteries also generate less heat than normal ones at equal charge power and can respond to better fast charging as it takes only 20 minutes to charge a 3000mAh cell with a 60-watt charger. Moreover, Graphene batteries offer thinner smartphones with more battery capacity while keeping their current proportions.
To overcome the issues faced in conventional batteries, graphene batteries have been growing in the market. For instance, Appear Inc. launched the world's lightest and first graphene battery-powered smartphone with water-resistant technology in 2021. Moreover, ASAP company has launched Chargeasap Flash 2.0 power bank, which uses the same Graphene in the electric vehicle maker's automobile cells.
High cost of graphene
The graphene battery market is impacted by the high cost of graphene material. The manufacturers have a major focus on material consistency and production cost of the product. The cost has been an important factor since the commercial appearance of graphene. The cost of graphene currently ranges between $67,000 and $200,000 a ton.
However, with the increasing commercialization of graphene, the prices of graphene are expected to be stable in the upcoming years. Various leading companies have shown interest in graphene batteries globally. For instance, GAC Group has started using fast-charging graphene batteries in its Aion V vehicles from September 2021 onwards. Also, the production of industrial-scale graphene still faces various issues mainly due to technological immaturity in the field, creating problems in mass production.
COVID-19 Impact Analysis on Graphene Battery Market
Due to the pandemic, stakeholders across the graphene battery industry have seen a notable impact as all the production work, factories and other activities were closed. As a result, production was hindered by halts and supply chain disruption globally. After the pandemic, the governments still impose various restrictions, such as working with half the workforce and fewer operating hours hindering the production cycle of the market.
As a result, the losses are incorporated with less demand from automotive, electronics, aerospace & defense and associated industries. However, the market is expected to recover after the pandemic, with sectors aiming to complete the existing projects with higher production rates to recover from the incorporated losses.
Graphene Battery Market Segmentation Analysis
By type, the graphene battery market is broadly classified into lithium-sulfur, lithium-metal, metal-air and supercapacitor.
The lithium-ion graphene battery market is expected to grow at the fastest CAGR during the forecast period (2021-2028)
The lithium-ion(Li-ion) graphene batteries are expected to hold the largest market for Graphene battery market and are expected to continue their dominance in the forecast period. The (Li-ion) batteries are used in many products such as electronics, wireless headphones, handheld power tools, electric vehicles, toys, and electrical energy storage systems.
Li-ion batteries are added with graphene to the battery's anode and capitalizing on the material's conductivity and significant surface area traits to achieve high performance and morphological optimization. As a result, graphene-enhanced Li-ion batteries have higher capacities, longer lifespans and faster charging times while remaining flexible and light.
Leading market players have been launching new products in the market to cater to the industry's demand. For instance, Samsung has developed a graphene ball for making lithium-ion batteries last longer and charge faster. Moreover, in November 2016, Huawei launched a new graphene-enhanced Li-Ion battery functional at higher temperatures and offers a longer operation time.
Global Graphene Battery Market Geographical Share
Asia Pacific region holds the largest market for the global graphene battery globally
Asia Pacific region holds the largest market share for the graphene battery market globally and is expected to continue its dominance in the forecast period with expanding automotive and electronics industry in the region. According to EV-Volumes data, the region sold over one million battery electric vehicles in 2019. Moreover, sales of new-energy vehicles in China are expected to increase by 40% in 2021, creating new opportunities for the graphene battery market.
Leading market players have been introducing graphene batteries with high demand from the region. For instance, in 2021, China Carbon Graphite Group, together with its subsidiary, Royal Elite New Energy Science and Technology, has developed a new silicon graphene nanocomposite product for the next generation of lithium-ion batteries. This product is expected to replace the current anode material provides improvements in electrochemical performance for the latest mobile device and EV batteries.
Moreover, Aion, an EV brand announced that its upcoming EV model would be equipped with a graphene-based battery that can be charged to the 80% level in just eight minutes and function for 1,000 kilometers.
Graphene Battery Market Companies and Competitive Landscape
The graphene battery market is highly competitive with the local player’s presence, followed by the global companies, contributing to the major share in the market growth. In addition, some of the key players contributing to the growth of the market are Samsung SDI, Huawei Technologies Co., Ltd., China Carbon Graphite Group, Cabot Corporation, Nanotek Energy, Inc., ZEN Graphene Solutions Ltd, Graphene NanoChem, Global Graphene Group, Hybrid Kinetic Group Ltd., others. The major players are adopting various new strategies to dominate the market, such as product launches, expansions, acquisitions and collaborations, contributing to the growth of the Graphene battery market globally.
Nanotech Energy, Inc.
Overview: Nanotech Energy, Inc. was established in 2014 with the aim to offer research on graphene-based storage devices from the laboratory to the marketplace. The company serves its products in numerous sectors, including EV, electronics, solar panels and others.
Product Portfolio: The Company’s wide range of product portfolio includes powered EMI shielding products, sliver nanowires, non-flammable batteries, conductive inks, conductive adhesives and others.
Key Development: In 2021, Nanotech Energy has closed its Series C funding with $27.5. The funds offer expanded production of graphene batteries. The company has launched a non-flammable, environmentally friendly lithium battery that can charge 18 times.
Why Purchase the Report?
- Visualize the segmentation of the graphene battery market by type, form, end-user, and region, highlighting the key commercial assets and players.
- Identify commercial opportunities in graphene battery by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of graphene battery market-level 4/5 segmentation.
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The global graphene battery market report would provide access to an approx.: 61 market data table, 56 figures and 232 pages.
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