Graphene Battery Market

Graphene Battery Market Outlook (2024 to 2034)

According to a revised industry report released by Fact.MR, a market research and competitive intelligence provider, the global graphene battery market is analyzed to generate a revenue of US$ 182.4 million in 2024 and has been projected to increase at a double-digit CAGR of 26.4% to touch a US$ 1.9 billion by 2034.

One of nature's wonder materials is graphene, which has amazing qualities. A sheet of carbon atoms arranged in the shape of a honeycomb lattice makes up the carbon compound graphene. It is a good conductor of heat and electricity according to its composition and chemical characteristics. It stretches over a huge surface area, is incredibly lightweight, and holds inert chemical characteristics. It is also regarded as environment friendly.

The graphene battery market size expanding due to its increasing application in several sectors, particularly in power generation and storage. Because of its characteristics, graphene considerably enhances conventional batteries. It enhances battery performance, shortens charging time, boosts energy output, and lengthens battery life.

Sales of lithium-ion batteries are increasing at a notable CAGR during the forecast period. Several graphene producers are concentrating on R&D initiatives to create high-quality graphene, which is utilized as a material made of the electrode in graphene li-ion batteries.

Key Market Growth Drivers

• Continuous research and development efforts are making great progress in creating newer, better products such as lithium-ion batteries, lithium-sulphur batteries, graphene supercapacitors, and lead-acid batteries.
• Key players in the graphene battery market are focusing on R&D initiatives to create high-quality substances, which are utilized as a material made of the electrode in graphene li-ion batteries.
• Outstanding heat conductivity, high electron mobility, exceptional chemical stability, and superior mechanical qualities are some of the key benefits of using graphene in Li-ion batteries.
• Followed by lithium-ion graphene batteries, sales of graphene supercapacitors are growing at a high pace. The reason behind this is that graphene-based supercapacitors increase storage capacity and shorten the time needed for full charging or discharging.
• Supercapacitors made of graphene hold potential uses in the electronics and automotive industries.
• The use of graphene batteries is increasing in the electronics sector for products such as laptops, smartphones, wearable devices, and others because they are lightweight and provide high capacity.

Report Attribute	Detail
Graphene Battery Market Size (2024E)	US$ 182.4 Million
Forecasted Market Value (2034F)	US$ 1.9 Billion
Global Market Growth Rate (2024 to 2034)	26.4% CAGR
North America Market Share (2024E)	26.4%
East Asia Market Value (2024E)	US$ 40.7 Million
Lithium-ion Segment Value (2034F)	US$ 976 Million
Automotive Segment Value (2034F)	US$ 653.2 Million
Key Companies Profiled	Vorbeck Materials Corp.; Cabot Corporation; Hybrid Kinetic Group Ltd.; Cambridge Nanosystems Ltd.; Nanotech Energy; G6 Materials Corp.; Log 9 Materials; Graphenano S.L.; Huawei; Graphene NanoChem plc; Samsung Electronics; Graphenea S.A.; XG Sciences Inc.; NanoXplore Inc.; Real Graphene USA.

Why are Graphene Battery Sales Set to Skyrocket?

“Increasing Utilization of Graphene in Electric Vehicle Batteries”

One of the key graphene battery market trends that is positively affecting demand growth is increasing sales of electric vehicles globally. Because of this, the need for high-storage and high-capacity batteries is rising. The production of electric vehicles by global automakers, including automobiles, bikes, scooters, and bicycles, is ensuring the availability of models with longer ranges and faster charging times. The energy is stored and dispersed for a longer time with graphene battery technology.

Since they enable a longer-distance driving range and faster charging times for electric vehicles, graphene batteries are quickly gaining appeal in the automotive sector. Graphene batteries are safer and less prone to explosions than conventional lithium-ion batteries, and they charge more quickly.

“Introduction of Technologically Advanced Graphene-enhanced Batteries”

Global demand for graphene batteries is rising because of expanding research into graphene-based energy storage technologies and increasing usage in membrane separation. Electronics, biomedical technology, composites and coatings, energy storage, and water and wastewater treatment are some of the best applications for graphene.

Miniaturization is becoming increasingly important in graphene research, which is one of the main causes driving it globally. Graphene completely changes the semiconductor industry due to its conductivity and ultrathin nature.

What Components are Negatively Affecting the Demand Growth of Graphene Batteries?

“Comparatively Higher Manufacturing Costs”

Graphene, the raw substance used to make graphene batteries directly influences the overall cost. The high expense of producing graphene-based derivatives is becoming a key cause of the high price of graphene batteries. High-quality single-layer graphene sheets are very costly and are produced in small quantities. Consequently, graphene battery manufacturing costs are increasing.

Although the sales of graphene batteries are growing at a high pace, there are certain factors hampering demand growth to some extent. Due to inadequate publicity and representation, several customers are ignorant of the advantages of graphene-enhanced batteries.

Country-wise Insights

The North American region is estimated to hold 26.4% of the worldwide graphene battery market share in 2024. North America is one of the important markets for graphene batteries because of the strong demand from consumer electronics and electric vehicle (EV) industries. The market in the region experiencing bullish sentiments because of government programs that are supporting innovative battery technology and sustainable energy.

Why is the Demand for Graphene Batteries Growing in the United States?

“High Use of Graphene Batteries in Production of Aerospace & Defense Products”

Attribute	United States
Market Value (2024E)	US$ 40.6 Million
Growth Rate (2024 to 2034)	26.2% CAGR
Projected Value (2034F)	US$ 416.8 Million

The presence of well-established aerospace & defense manufacturing facilities in the United States is increasing demand for graphene batteries. This is due to the growing use of graphene batteries in USVs, UAVs, satellites, rovers, and portable communication devices.

Manufacturers including SiNode Systems, XG Sciences, and Graphene 3D Labs are following the respective guidelines to produce graphene-based batteries, which are durable, eco-friendly, and extremely effective. Thus, all such factors are driving sales growth in the United States.

Which Factors are Pushing the Use of Graphene Batteries in China?

“Ongoing Developments in Electric Vehicle Production and Industrial Robotics”

Attribute	China
Market Value (2024E)	US$ 19.6 Million
Growth Rate (2024 to 2034)	26.5% CAGR
Projected Value (2034F)	US$ 205.1 Million

Continuous industrialization and developments in electric vehicle manufacturing and industrial robotics are driving demand for graphene composites in China. The government in China is promoting the use of electric vehicles as part of several initiatives to reduce air pollution. China also implemented CO2 pollution control measures and is using unconventional energy sources. To satisfy the rising demand for battery capacity and durability, this effort aims to create batteries with high storage density and environment-friendly energy storage devices.

The adoption of electric automobiles that use less fuel and the growing need for developments in portable devices is estimated to drive up sales of graphene batteries in the coming ten years. The government is also undertaking several initiatives to shift consumer preferences from gasoline-powered vehicles to electric or hybrid vehicles, which is further positively affecting the graphene battery market growth.

Category-wise Insights

Based on the end-use industry, the market is segmented into aerospace & defense, life science & scientific research, medical, industrial, telecom, semiconductor & electronics, and oil & gas. The requirement for graphene batteries is increasing in the electronic industry for several portable devices such as smartphones, laptops, portable chargers, walkie-talkies, and several communication devices.

Why is the Demand for Lithium-ion Batteries High in Comparison with Other Types?

“Growing Application in Consumer Electronics and Renewable Energy Storage”

Attribute	Lithium-ion
Segment Value (2024E)	US$ 95 Million
Growth Rate (2024 to 2034)	26.2% CAGR
Projected Value (2034F)	US$ 976 Million

Demand for lithium-ion batteries is rising globally because of the higher performance features that graphene-enhanced technology delivers. Lithium-ion batteries are considered more efficient for high-demand applications such as electric vehicles (EVs), consumer electronics, renewable energy storage, and others as graphene increases the energy density, longevity, and charging speed of these batteries.

These ongoing advancements are in line with the global movement toward sustainable solutions, longer-lasting batteries, energy efficiency, and others. Lithium-ion batteries with graphene components are becoming increasingly popular as businesses adopting more advanced battery technology to satisfy the rising demands for sustainability and performance.

Which Industry is Widely Using Graphene Batteries?

“Accelerating Demand in Automotive for Fast Charging and Higher Energy Density”

Attribute	Automotive
Segment Value (2024E)	US$ 63.1 Million
Growth Rate (2024 to 2034)	26.3% CAGR
Projected Value (2034F)	US$ 653.2 Million

The demand for graphene batteries is increasing in the automotive industry because they offer greater performance, especially for electric vehicles. Graphene batteries are a perfect fit for electric vehicles because they have a longer lifespan, a higher energy density, and faster charging times than conventional lithium-ion batteries. Graphene batteries are improving all these features, which is driving up sales of EVs.

More consumers are attracted to graphene batteries equipped electric vehicles because they meet their expectations including longer driving ranges and faster recharging periods.

Competitive Landscape

Prominent graphene battery manufacturing companies are investing a significant amount of money in R&D activities to expand their product portfolios. With significant developments such as the introduction of advanced batteries, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations, leading companies in the graphene battery market are also undertaking several strategic initiatives to expand their global footprint.

• The new Xiaomi Mijia Graphene Skirting Board Heater 2 is a foldable graphene radiator with a potent 2.200W heating mechanism, designed by Xiaomi. With its graphene heating technology, the Xiaomi Mijia Graphene Skirting Board Heater 2 heats an entire room to the perfect temperature in about 15 minutes or less than 3 seconds.
• EnyGy, a Melbourne-based firm founded on research by Prof. Dan Li and Dr. Yufei Wang at Monash University, launched an ultracapacitor that utilizes the most recent advancements in graphene technology.
• The S1 Lite is an electric scooter launched by iVOOMi, an Indian EV startup. It comes with two battery options: graphene and lithium-ion.

Fact.MR provides detailed information about the price points of key manufacturers of graphene batteries positioned across the world, sales growth, production capacity, and speculative technological expansion, in this updated market report.

Segmentation of Graphene Battery Market Research

• By Type :

  • Lithium-ion
  • Lithium-sulphur
  • Lead-acid

• By End-Use Industry :

  • Aerospace & Defense
  • Life Science & Scientific Research
  • Medical
  • Industrial
  • Telecom
  • Semiconductor & Electronics
  • Oil & Gas

• By Region :

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa