Graphene Battery Market Analysis

Graphene Battery Market Analysis

Lithium ion graphene battery segment generated around 9 million in 2015 and will likely see strong gains in the next 4-5 years as it finds wide applications in various end-use industries including automobile and healthcare

The supercapacitors technology segment will witness substantial growth in the projected timeframe. Supercapacitors possess superior charging abilities and greater shelf life, making them commercially viable product for investors and customers. Cellphone manufacturers are increasingly adopting supercapacitors as it increases the operating life of the product.

Graphene battery industry value from healthcare applications will surpass USD 25 million by 2024 impelled by growing demand for portable medical devices.

The electronics industry accounted for over 30% market revenue in 2015 and are expected to continue its dominance till 2024. The industrial robotics sector is an upcoming application avenue and will witness gains of over 10% during the next few years.
 

U.S. graphene battery market size valued at USD 3 million in 2015 and will grow significantly through 2024 due to its high quality at affordable prices. Adoption of electric vehicles in the U.S. increased from over 5000 in 2011 to over 70,000 in 2015 subject to increasing government subsidies and growing environment awareness among customers.
 

The China market revenue will register over 15% gains during the forecast period as the region is likely to experience significant increase in manufacturing capacity, upwards of 2,000 tons per year.
 

Japan graphene battery industry will expand at more than 25% from 2016 to 2024. Established distribution channels coupled with increasing customer awareness will positively impact the sector. Japan was one of the first countries in the world to adopt electric vehicles for public transport.
 

UK industry size for 2015 exceeded USD 2 million as the government in the region has introduced strict regulations on the use of batteries with bio-hazardous content, propelling the market demand.
 

Norway market share is likely to witness strong growth in the coming years owing to high penetration of electric vehicles coupled with favorable government initiatives towards adoption of low emission technology. More than 20% of automobiles in Norway are electric or hybrid vehicles, and the government intends to subsidize the industry to further reduce the carbon footprint.