New York, United States, Feb. 19, 2024 (GLOBE NEWSWIRE) -- Graphene batteries have emerged as the world's quickest energy storage technology. The commercialization of graphene to improve batteries in recent years and give highly efficient energy storage solutions is driving the global graphene battery market. Graphene is an excellent material for high-capacity energy storage because it is a good conductor, is incredibly light and flexible, and has a vast surface area. Ongoing research and development (R&D) efforts are underway to develop unique and enhanced products, such as graphene-based supercapacitors and lithium-sulfur batteries. Graphene-based batteries are anticipated to gain popularity during the projection period because of their rapid charging capacity, higher charge cycles, effectiveness in high temperatures, and extended charge retention time. The market is likely to attract significant financial investments due to its high expected return on investment.
Competitive Landscape
The Top 10 players in the global graphene battery market are Cabot Corporation, Cambridge Nanosystems Ltd., G6 Materials Corp., Graphenano S.L., Graphene NanoChem plc, Graphenea S.A., NanoXplore Inc., Real Graphene USA, Vorbeck Materials Corp., and XG Sciences, Inc.
Report Scope
Study Period | 2018-2030 | CAGR | 31.4% |
Historical Period | 2018-2020 | Forecast Period | 2022-2030 |
Base Year | 2021 | Base Year Market Size | USD 82 Million |
Forecast Year | 2030 | Forecast Year Market Size | USD 957 Million |
Largest Market | Europe | Fastest Growing Market | Asia-Pacific |
Rise in Sales of Electric Vehicles to Drive the Global Graphene Battery Market
According to Straits Research, "The global graphene battery market size was valued at USD 82 million in 2021 and is estimated to ...