The global graphene in batteries & supercapacitors market is forecast to reach a market size of USD 268.2 Million by 2027, and register a significantly high revenue growth rate over the next seven years, according to the latest report by Reports and Data. Growing demand for graphene in batteries & supercapacitors can be attributed to rising demand for electric vehicles in countries across the globe. A surge in demand for high-performance, more fuel-efficient, and low-emission vehicles, coupled with stringent regulatory policies to curb vehicle emissions is driving demand for electric vehicles. Sales of electric vehicles was over two million units worldwide in 2018, representing a Y-o-Y growth of 63.0%, which has been reported as a positive sign in the endeavor to combat air pollution and other related initiatives on a global perspective. Energy storage units are indispensable for the functioning of electric vehicles, and graphene batteries are swiftly garnering traction in the electric vehicles market as they enable faster cycle times and improved electrode density. Furthermore, graphene batteries have longer charge retention property than graphite-based electrode batteries, thus increasing the battery life.
The COVID-19 impact
The COVID-19 pandemic had a severe impact on graphene in batteries & supercapacitors market. Global shutdown of the automotive industry and movement restriction have severely affected the sales of electric vehicles. Also, mass layoffs have resulted in decreased consumer spending, plummeting the demand for consumer electronic products, especially those belonging to premium segment. All these factors have resulted in a decline in demand for energy-storage units.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3756
Key market players include Global Graphene Group, Graphenano Nanotechnologies, Samsung SDI, Nanograf Corporation, Graphene 3D Lab Inc., Nanotek Instruments Inc., Huawei Technologies Co. Ltd., XG Sciences, Vorbeck Materials Corporation, and Graphene Batteries AS.
Further key findings from the report suggest
Market Overview:
Power and energy industry comprises of key companies operating in fuel, petroleum, natural gas, and nuclear power markets. Constant production of energy and power is imperative for country’s economic growth. It also covers exploration and production of oil and gas reserves, oil and gas drilling, and refining industries. Power and energy sector is one of the most diversified sector across the globe. Rapid industrialization and urbanization has increased the dependency on power and energy and industries today consume large amounts of fuel making energy industry a crucial element of today’s industrial infrastructure.
With increasing focus on sustainable energy and alternative sources of energy to mitigate global warming, countries today are heavily investing in hydroelectric power, solar power, and wind energy. Widespread demand for energy and power has led to the emergence of lucrative growth opportunities in the market and accelerated revenue growth of the retail energy markets. However, negative environmental impact of prolonged use of fossil fuels, depletion of energy resources, and increasing amount of pollutants in the atmosphere are some key restraining factors. Increasing automation in power and energy industry, integration of advanced technology like AI, growing focus on hybrid and electric vehicles, and increasing emphasis on improve energy variability and costs for residential and commercial buildings and vehicles are set to open new paths for the growth of the energy and power sector.
Browse Complete Report “Graphene in Batteries & Supercapacitors Market” @ https://www.reportsanddata.com/report-detail/graphene-in-batteries-and-supercapacitors-market
The report sheds special focus on the factors that propel the growth of the industry. For better understanding, the report segments the Graphene in Batteries & Supercapacitors market into key divisions such as types, applications, end-use, technology, region, and others. These segments are extensively analyzed to offer better forecast for the global and regional market and key factors influencing their growth are also covered in the report.
For the purpose of this report, Reports and Data has segmented the global graphene in batteries & supercapacitors market on the basis of type, industry vertical, and region:
Type Outlook (Revenue, USD Million; 2017-2027)
Industry Vertical Outlook (Revenue, USD Million; 2017-2027)
Regional Analysis Covers:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Request Customization of the report @ https://www.reportsanddata.com/request-customization-form/3756
Thank you for reading our report. Customization of the report is available according to the requirements of the clients. Kindly get in touch with us to know more about the report and our team will ensure the report is tailored according to your needs.
Browse Related Reports:
Battery Storage Inverter Market Size
Electric Heating Film Market Demand
Solar Water Desalination Plant Market Trends
Thermoelectric Generators Market Analysis
Renewable Energy Market Growth
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
John Watson
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com