The graphene battery market is spread across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Europe is the dominating market for the graphene battery industry, as most graphene manufacturers operate out of Europe. The European market is expected to maintain its appeal during the forecast period.
Graphene Battery Market is projected to reach USD 609 million by 2030. Report provides crucial industry insights that will help your business grow.
Europe is the dominating market for the graphene battery industry, as most graphene manufacturers operate out of Europe. The European market is expected to maintain its appeal during the forecast period. North America will also present favorable opportunities for the graphene battery market, as the scope for electric vehicles is high in the region.
Patenting activities related to graphene for battery applications have been increasing at a high rate every year. These increase in patent filings create immense opportunity for the market growth of graphene batteries in various end-use industries. The cost of graphene battery is directly related to its raw material graphene.
According to Focus, there are around 300 organisations currently working on graphene battery technology. Of the top ten companies best positioned to disrupt the battery market with graphene, Focus ranks Global Graphene Group as the leader.
The latest development in the graphene battery space has come from a new Massachusetts Institute of Technology (MIT) startup called PolyJoule. These batteries are based on a standard two–electrode electrochemical cell and use a combination of conductive polymers and hybrid carbon–graphene materials.