Global Graphene Battery Market to Grow at a CAGR of 38% by 2023: High Manufacturing Cost of Graphene Batteries Acts as a Major Restraining Factor

The global graphene battery market is expected to grow with the CAGR of over 38% during the forecast period 2014-2023.

Graphene an allotrope of carbon due to its myriad favorable properties such as high thermal and electrical conductivity, flexible with large surface area etc. makes it suitable to use in batteries and is increasingly being deployed as electrode materials. Graphene batteries offer benefits such as longer shelf life, reduced charging time and high capacity storage making it a viable alternate to metal oxide electrodes. The global graphene market is driven by surge in the numbers of electric vehicles and portable electronics and rising awareness about towards the non-conventional sources of energy such as solar and wind energy. However the high manufacturing cost of graphene battery and non-economical large scale production of graphene acts as major restraining factor for the global graphene market.

Geographically Europe holds the largest market share in the graphene battery market, due to proactive government stance to promote R &D in graphene and dominance of European graphene manufacturers over the global graphene market. Asia pacific region is expected to grow with the highest growth rate owing to surge in the number of electric vehicle in the region and high investments in R & D of advanced energy storage systems. Also smart city initiatives is countries such as India would also positively influence the graphene battery market in the forecasted period

Companies Mentioned

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Global Graphene Battery Market By Region

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/hj9l26/global_graphene

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