Graphene Continues Acceptance in Advanced Batteries: Noticed by Variant Market Research

According to the latest report published by Variant Market Research, the global Graphene Electronics Market size is estimated to reach $797 Million by 2024 from $35 Million in 2016, growing at a CAGR of 47.6% from 2016 to 2024.

Rising Acceptance in Ultracapacitors and Advanced Batteries to drive the global Graphene Electronics market

The market is majorly boosted by factors such as growing requirement for high performing products, high emphasis on using graphene for growing fields, and rising acceptance in advanced batteries and ultracapacitors. Moreover, growth in automotive and electronic sector in countries such as China and India are expected to show increased graphene electronics market trend over the coming years. Though, high cost, and new entrants may hinder the market. Furthermore, new product development and emerging economies would generate new business opportunities for the market in the coming four to five years.

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Market Segmentation

The global graphene electronics market is classified into material type, application, and geography. Material type segment comprise graphene film, graphene oxide, graphene foam, graphene nano platelets, and other materials. Sensors, electronic products body applications, batteries & ultracapacitors, and other applications are the various classifications of application segment. Geographical classifications include North America (U.S., Mexico, and Canada), Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (China, India, Japan, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.

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Graphene Film dominated the market in 2016, by material type

Graphene Film held for the largest market share in 2016, and is projected to continue its dominance over the forecast period, 2016 – 2024. The growth would be attributed to growing usability in various electronic devices. The lower price in comparison to other graphene materials has also fuelled the market for graphene films globally.

Batteries & Ultracapacitors dominated the application segment throughout the forecast period

Batteries & Ultracapacitors dominated the application segment throughout the forecast period 2016 – 2024. Graphene-based batteries & ultracapacitors have high energy density and are used for alternative energy requirements across this application area. Due to these factors, its demand has increased at a great pace and is expected to continue over the forecast period.

North America dominated the market from 2015 to 2024

High level of ongoing research for developing graphene electronics used in electronic devices has supplemented the growth of graphene electronics in North America. The region generated maximum revenue of the global market with a market share of 39.7% in 2016. Hence, the region has high graphene electronics market growth in the future years.

Competitive Landscape

The market comprises major competitors such as CrayoNano, GrafTech International Ltd., Graphenea SA, AMG Advanced Metallurgical Group, Grafen Chemical Industries Co. Ltd., Skeleton Technologies, Samsung Electronics Co., Ltd., Applied Graphene Materials Plc., Grafoid, Inc., and IBM Corporation, among others.

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Scope of the Global Graphene Electronics Market

Material Type Segments

• Graphene Film
• Graphene Oxide
• Graphene Nano Platelets
• Graphene Foam
• Other Material Types

Application Segments

• Batteries & Ultracapacitors
• Sensors
• Electronic products body applications
• Other applications (Include Display, Electro-Mechanical Systems, Solar Cells, Chips, Lighting, and Memory)

Geographical Segments

• North America
o U.S.
o Canada
o Mexico

• Europe
o Germany
o France
o UK
o Rest of Europe

• Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific

• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise is data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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