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Graphene Battery Market Size

Name: Graphene Battery Market Size & Share | Statistics Report 2024
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI1125
Published Date: Jan 2017
Report Format: PDF

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Graphene Battery Market Size

Graphene Battery Market size surpassed USD 15 million in 2015 and is poised to witness around 20% growth between 2016 and 2024. Rising demand for portable electronic devices will drive the market growth.

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Strict government regulations to curb carbon footprint has stimulated the graphene battery market share, with these products classified as low emission versions. In 2008, the U.S. EPA introduced the National Emission Standard for Hazardous Air Pollutants (NESHAP) to regulate the battery manufacturing process. NESHAP section 112(c)(3) lists battery manufacturing area to be regulation pursuant as it involves use of lead and cadmium.

Graphene Battery Market Report Attributes
Report Attribute	Details
Base Year:	2015
Graphene Battery Market Size in 2015:	15 Million (USD)
Forecast Period:	2016 to 2024
Forecast Period 2016 to 2024 CAGR:	20%
2024 Value Projection:	97 Million (USD)
Historical Data for:	2013 to 2015
No. of Pages:	145
Tables, Charts & Figures:	133
Segments covered:	Technology, Application and Region
Growth Drivers:	Increasing demand of electric vehicles Growing adoption of portable electronic devices Government regulations Longer shelf life
Pitfalls & Challenges:	High manufacturing cost

What are the growth opportunities in this market?

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Graphene Stakeholders Association (GSA), a worldwide non-profit organization is working with Nanotechnologies Technical Committee (TC229) and International Organization for Standardization (ISO) to introduce standards for producing dependable, efficient and user-friendly products. This will eventually drive the market growth during the forecast period as standardization will restructure the industry demand in an organized manner.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of graphene battery was valued over USD 15 million in 2015.

The industry share of graphene battery is projected to witness 20% growth rate during 2016 to 2024.

As per the estimates of Global Market Insights, Inc., aggressive research efforts initiated within the North American region is likely to render lucrative opportunities for the market growth. The US is expected to emerge as a key country-specific graphene market on account of the presence of prominent industry manufacturers in the country.

Graphene, as a composite has found massive relevance in the automotive and aerospace industries since both are vying to achieve light-weighting in their components.

Being almost 200 times stronger than steel, along with superior properties of excellent heat & electricity conduction, graphene finds extensive application in the semiconductor industry. The product is commonly utilized in the production of mobile phones, memory chips, as well as in next-generation electronics, such as solar panels and batteries.