The global market demand of graphene battery is expected to exceed 600 million US dollars by 2030

According to the latest report released by markets and markets, the global market demand of graphene battery is expected to reach 609 million US dollars by 2030, with a compound annual growth rate of 23.9%.

In the short term, Li-ion graphene battery will occupy the largest part in this market by 2021. Because they are light, durable, suitable for large capacity energy storage, and shorten the charging time, graphene lithium-ion batteries are welcomed by the end use industries such as consumer electronics, automobile, industry, power, etc. Therefore,, the market of Li-ion graphene battery is expected to have the highest growth rate compared with other batteries.

According to the end use industry, it is estimated that the automobile sector will occupy the largest market share by 2021. The demand for high power and high energy density has led to the demand for reliable and safe batteries in the automotive and consumer electronics industries, ultimately driving the growth of the graphene battery market, especially in the electric vehicle market. Moreover, due to environmental concerns and awareness of clean and sustainable fuels, the demand for electric vehicles has increased and the growth rate in the automotive sector is expected to be the highest.

According to the regional market, the Asia Pacific region will become the largest regional market by 2021. China, Japan and South Korea are the main countries driving the growth of graphene battery demand in the region. In China, Japan and South Korea, electric vehicles use graphene batteries for consumer electronics. It is estimated that Europe will have the second largest share of the global graphene battery market by 2021.

Source: Cableabc.com  Translated by: Shanghai Green Tech