Graphene Battery Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $115 million by 2022, registering a CAGR of 38.4% during the period 2014-2022. The automotive industry is estimated to dominate the market throughout the analysis period. Geographically, Europe is expected to be the leading market in 2016, with a revenue contribution of around 38%.
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The graphene battery market is driven by the benefits of quick charging capacity, increased charge cycles, effectiveness in high temperatures, and extended duration to hold charge. The rising number of prospective application areas for graphene batteries, coupled with their increasing adoption in automotive industry, is expected to boost the market growth.
However, lack of awareness about the technological potential and high cost of graphene electrode material are the limitations that would restrict the market growth.
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Category: Market Research Publishers and RetailersCompany about: Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market dom ...