The graphene-based supercapacitors market is seeing a surge in demand owing to the increasing application of electric vehicles. The global graphene-based supercapacitors market is expected to witness strong growth due to their high energy density and power density features required for EVs. Graphene-based supercapacitors are energy storage devices with high power density and long lifecycles. They are lightweight in nature and have a relatively long shelf life compared to conventional lithium-ion batteries. They can be charged much faster than Li-ion batteries and also have excellent properties like outstanding electrical and thermal conductivity. Graphene sheets with their ultra-high electron mobility and large specific surface area are ideal building blocks for supercapacitors.

The graphene-based supercapacitors market is estimated to be valued at USD 244.6 Mn in 2024 and is expected to reach USD 1001.2 Mn by 2031, growing at a compound annual growth rate (CAGR) of 22.3% from 2024 to 2031.

Key Takeaways

Key players operating in the graphen Graphene-based Supercapacitors Market e-based supercapacitors market are XG Sciences, Angstron Materials, Graphenea, Vorbeck Materials, NanoXplore Inc, Cabot Corporation, Graphene NanoChem, and Cambridge Nanosystems Ltd.

The growing demand for electric vehicles around the world is a key factor boosting the demand for graphene-based supercapacitors. They are being widely used in EVs for functions like regenerative braking and temporary power surge needs due to their high power density. With governments globally promoting and incentivizing the adoption of electric vehicles, the need for advanced energy storage solutions like graphene supercapacitors is increasing.

Technological advancements are also supporting the growth of graphene-based supercapacitors. Researchers are developing new manufacturing techniques to mass-produce high-quality graphene at low costs. This is making graphene supercapacitors more commercially viable. Improvements in electrode material development are enhancing the energy and power density of these supercapacitors.

Market Trends

The increased focus on developing bendable and flexible supercapacitors is a key market trend. They can be integrated inside curved surfaces in future applications like wearable electronics and smart textiles. Companies are experimenting with novel composite materials to build flexible graphene-based devices.

There is also a trend of manufacturing solid-state supercapacitors using conducting polymers or ionic gels instead of liquid electrolytes. This is making them safer and more stable for portable electronics and electric vehicles. It also allows creating thinner and smaller form factors.

Market Opportunities

The integration of graphene-based supercapacitors in renewable energy storage systems presents significant opportunities. Their high power density makes them suitable for capturing and storing intermittent energy from solar and wind farms.

The market for wearable electronics and portable healthcare devices is growing rapidly. Graphene supercapacitors can enable the development of slim and lightweight devices in these areas due to their flexibility and high energy density attributes.

Impact of COVID-19 on Graphene-based Supercapacitors Market Growth

The COVID-19 pandemic has impacted the graphene-based supercapacitors market significantly. During the initial lockdown phases in 2020, production and supply chain activities were disrupted globally. This led to a reduction in demand and sales of graphene-based supercapacitors in end-use industries such as consumer electronics, automotive, and industrial. However, with relaxation in lockdown restrictions and resumption of economic activities from mid-2020, the market has witnessed a steady recovery. The demand is now regaining pre-COVID levels with increasing demand for energy storage from industries. Various government stimulus packages and investments in infrastructure modernization are further supporting the growth.

The graphene-based supercapacitors market players are focusing on technology advancements and new product launches to cope with the disruptions. Many players have increased their production capacities and expanded distribution networks in key regions. The pandemic has accelerated the shift towards renewable energy sources which is expected to boost the demand for energy storage technologies like graphene-based supercapacitors in the coming years. With progress in vaccination drives globally, the long term prospects of this market remain positive. However, factors like high raw material costs, supply chain challenges and dependency on key end-use industries can impact the growth trajectory.

Currently, Asia Pacific dominates the graphene-based supercapacitors market and accounted for over 40% of the global market share in value terms in 2021. China, South Korea and Japan are the major countries contributing to the regional market. This is attributed to presence of leading market players and extensive manufacturing facilities in these countries. Moreover, increasing investments in electric vehicles and rapid industrialization has augmented the regional demand for energy storage products. Europe is another major region for graphene-based supercapacitors market supported by proliferating research activities, government focus on renewable energy sources and stringent emission regulations.

The fastest growing regional market for graphene-based supercapacitors is expected to be North America from 2022 to 2027. This growth can be attributed to high adoption of electric vehicles, increasing investments in renewable energy sector by governments and manufacturers, and rising research collaborations between academic institutions and industry players in the region. Countries like U.S. and copyright are likely to provide huge growth opportunities owing to growing consumer awareness about sustainable technologies.

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