Graphene Battery Market share forecast to grow at over 20% CAGR from 2016 to 2024

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Global Graphene Battery Market revenue worth over
97mn by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Graphene Battery Market

• Increasing electric vehicle demand and portable
  electronic device penetration trends will drive
  the global graphene battery market size. Graphene
  has higher heat resistance with improved
  recharging efficiency when compared with
  conventional material including lithium ion
  making them a safer option for electric vehicles.
• Strict regulatory trends over carbon footprint
  and emission norms have had a positive impact. In
  2008, the U.S. EPA introduced the National
  Emission Standard for Hazardous Air Pollutants to
  regulate the battery manufacturing process.
  NESHAP section 112(c)(3) lists battery
  manufacturing area to be regulation pursuant as
  it involves use of lead and cadmium.
• Lithium ion graphene battery market size was
  valued over USD 9 million for 2015. Mobile
  phones, laptops and tablet phones are notable
  adoption areas contributing to segment growth. In
  2015, over 60 of adult population in the U.S.
  had at least one portable electronic device
  compared to over 30 in 2011.

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Continued...

• Graphene battery market share from
  supercapacitors is set to witness growth over 25
  between 2016 to 2024. Superior charging abilities
  and greater shelf life are some of the features
  which may positively impact the industry
  landscape. Growing supercapacitor demand from
  mobile phone applications owing to its high
  operating life may favor the business growth.
• Europe witnessed substantial increase in the
  sales of electric vehicles over the past four
  years. In 2015, more than 150,000 electric
  vehicles were sold in Europe, up from 70,000
  electric vehicles in 2014. Norway registered a
  record sale of more than 34,000 electric cars in
  2016, and is predicted to witness sales of more
  than 60,000 electric cars in 2017, favorably
  impacting the graphene battery market.
• Graphene battery market share from healthcare
  applications is anticipated to surpass USD 25
  million by 2024 subject to growing portable
  medical devices demand. Increasing emphasis on
  portable medical devices in developed economies
  will favorably impact the business growth.

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Europe Graphene Battery Market size, by
application, (USD Million), (2014 2024)

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Continued...

• U.S. graphene battery market size was valued at
  over USD 3 million in 2015 and is likely to
  register a strong growth subject to availability
  of high quality product at affordable prices.
  Adoption of electric vehicles in the U.S.
  increased from over 5000 in 2011 to over 70,000
  in 2015 owing to increasing government subsidies
  and growing customer awareness.
• For Europe, UK is predicted to witness a robust
  growth of over 20 by 2024. The Government
  enacted the EU Battery Directive in 2008,
  introducing strict regulations on the use of
  batteries with bio-hazardous content, propelling
  the industry landscape.
• China graphene battery market size is predicted
  to surpass USD 10 million by 2024. The region is
  likely to experience significant increase in
  manufacturing capacity upwards of 2,000 tons of
  graphene annually from 2016.

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360 Analysis

• Application Trends
• Demand from automotive applications was over USD
  4 million for 2015. Stringent government
  regulations to curb automobile emissions will
  encourage the adoption of electric and hybrid
  vehicles. Graphene battery market share from
  healthcare applications will surpass USD 25
  million by 2024 subject to growing portable
  medical devices demand. Increasing emphasis on
  portable medical devices in developed countries
  will stimulate the business growth. The
  electronics industry accounted for over 30 of
  the 2015 global industryrevenue.
• Regional Trends
• U.S. graphene battery market size was valued
  above USD 3 million in 2015 and looks set to grow
  significantly, subject to its high quality at
  affordable prices. Adoption of electric vehicles
  in the U.S. increased from over 5000 in 2011 to
  over 70,000 in 2015 subject to increasing
  government subsidies and growing environment
  awareness among customers.
• Competitive Market Share
• A few key global graphene battery market players
  are Cabot Corporation, Group NanoXplore, Graphene
  3D Lab, Graphenano, SiNode Systems, Graphene
  NonoChem, XG Sciences, Cambridge Nanosystems etc.
  Competitive pricing strategies and a shorter lead
  time in delivering products are key strategies
  proving advantageous for local manufacturers.

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