Lucintel's latest market report analyzed that graphene battery provides attractive opportunities in the automotive, consumer electronics, power, and industrial sectors. The graphene battery market is expected to reach $300.2 billion by 2028 with a CAGR of 28.5%. In this market, lithium-ion graphene batteries is the largest segment by product type, whereas automotive is largest by end use industry.
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Based on product type, the graphene battery market is segmented into lithium-ion graphene batteries, graphene supercapacitors, and lithium-sulfur graphene batteries. The lithium-ion graphene batteries segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the significant demand for these batteries in various industries, such as automotive, industrial, consumer electronics, and power as these batteries are durable, excellent for storing large amounts of energy, and can be charged quickly.
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The Graphene Battery Market is marked by the presence of several big and small players. Some of the prominent players offering graphene battery include Samsung SDI, Huawei Technologies, Log 9 Materials Scientific, Cabot, and GrabatGraphenano Energy.
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