The Global Graphene Battery Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023 from Research and Markets highlights 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 the growth in 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.
Europe holds the largest market share in the graphene battery market from proactive government stance to promote R &D in Graphene and dominance of European manufacturers in the global graphene market. However, the 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. Smart city initiatives in countries such as India will also drive growth, says the report.
The growth in global graphene market is driven by companies such as Graphenea and Graphenano in Spain, Graphene Nanochem and Cambridge Nanosystems in the UK, Cabot Sinode Systems and Xg Sciences in the US and Group Nanoxplore in Canada.