Technology
Graphene Market to Grow by USD 1.84 Billion (2024-2028), Growing Use in Construction Industry Boosting the Market, with Market Evolution Powered by AI – Technavio
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4 weeks agoon
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NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global graphene market size is estimated to grow by USD 1.84 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 47.85% during the forecast period. Growing use of graphene in construction industry is driving market growth, with a trend towards growing use of graphene in medical sector. However, problems associated with graphene production poses a challenge. Key market players include 2D Carbon Graphene Material Co. Ltd., ACS Material, Advanced Graphene Products SA, Applied Graphene Materials PLC, CVD Equipment Corp., Directa Plus PLC, First Graphene Ltd, G6 MATERIALS Corp, Global Graphene Group Inc., Grafoid Inc., Graphene Platform Corp., Grolltex Inc., Haydale Graphene Industries plc, Nanograf Corp., NanoXplore Inc., Thomas Swan and Co. Ltd., Vorbeck Materials Corp., and XG Sciences Inc..
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Graphene Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 47.85%
Market growth 2024-2028
USD 1837.4 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
34.83
Regional analysis
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 46%
Key countries
US, China, Germany, Japan, and UK
Key companies profiled
2D Carbon Graphene Material Co. Ltd., ACS Material, Advanced Graphene Products SA, Applied Graphene Materials PLC, CVD Equipment Corp., Directa Plus PLC, First Graphene Ltd, G6 MATERIALS Corp, Global Graphene Group Inc., Grafoid Inc., Graphene Platform Corp., Grolltex Inc., Haydale Graphene Industries plc, Nanograf Corp., NanoXplore Inc., Thomas Swan and Co. Ltd., Vorbeck Materials Corp., and XG Sciences Inc.
Market Driver
Graphene, the wonder material, is making waves in various industries due to its unique properties. In the automotive and transportation sectors, graphene composites are being used to enhance mechanical strength and flexibility in tires, while improving the conductivity of electrical components. The industrial production of monolayer and bulk graphene is on the rise, with applications in aerospace, military, and defense industries. Fake graphene is a concern in the market, emphasizing the importance of quality testing. In the electronics sector, graphene is used in energy storage, harvesting, and semiconductors due to its high electrical and thermal conductivity. The energy sector benefits from graphene’s lightweight nature and high energy density in batteries and capacitors. Graphene is also being explored in the production of paints, coatings, and inks, offering antibacterial and antiviral efficacy. In the logistics sector, graphene nanomaterials are used as raw materials in various industries, including chemicals, medical devices, and solar panels. Government research institutes are investing in nanotechnology research to explore graphene’s potential in carbon-based structures, biomedical technologies, and wastewater treatment. The future of graphene lies in its applications in electronics, energy, and various industries, including drones, helicopters, planes, and spaceship manufacturing.
Graphene, a single layer of carbon atoms, holds significant potential in the medical field. With approximately 10 million deaths worldwide in 2020 due to cancer according to the World Health Organization, research focuses on graphene’s application in cancer treatment. Patients receive chemically altered graphene particles that adhere to cancer cells, enhancing the effectiveness of radiological treatments. Infrared light absorption by graphene reduces tumor size with fewer side effects, making it a promising solution in cancer therapy research. Biomedical research has filed numerous patents for graphene’s use in drug delivery, DNA sequencing, and medical devices, underscoring its importance in the healthcare industry.
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Market Challenges
Graphene, a wonder material made of a single layer of carbon atoms, holds great promise for various industries, including industrial automotive and transportation. However, challenges persist in producing high-quality bulk graphene and monolayer graphene for composites in these sectors. The market is plagued with issues of fake graphene and the need for rigorous quality testing. In the fields of paints, coatings, inks, energy storage, harvesting, and electronics, graphene offers superior mechanical properties, flexibility, conductivity, and antibacterial/antiviral efficacy. For energy applications, graphene is used in batteries, capacitors, and lithium technology. In the electronics sector, it’s used in field-effect transistors (FETs), photodetectors, and solar cells. Graphene’s lightweight nature and high electrical and thermal conductivity make it ideal for aerospace, military and defense, drones, helicopters, planes, and spaceship manufacturing. In the automotive industry, it’s used in tires and touchscreen technologies. Government research institutes and nanotechnology companies are investing in graphene nanomaterials (GFN) for medical devices, conductive inks, and energy solutions. Graphene oxide and reduced graphene oxide are used in the medical industry, wastewater treatment, and biomedical technologies. Despite its advantages, graphene faces competition from carbon nanotubes and silicon in some applications. The market for graphene is expected to grow significantly in the coming years, driven by research and development in the energy and power, electrical and electronics, rubber, chemicals, and logistics sectors.Manufacturing high-quality graphene on a large scale at a low cost is a significant challenge for businesses. Impurities and defects in graphene negatively impact its electronic and optical properties. To produce single-crystalline graphene thin films with superior optical transparency and high electrical and thermal conductivities, the Chemical Vapor Deposition (CVD) process is essential. This method allows for the creation of larger samples, addressing the primary barrier to commercializing high-quality graphene for electronic applications.
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Segment Overview
This graphene market report extensively covers market segmentation by
Product 1.1 Graphene nanoplatelets1.2 Graphene oxide1.3 Reduced graphene oxide1.4 OthersEnd-user 2.1 Electronics2.2 Energy2.3 Composites2.4 Automotive2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa
1.1 Graphene nanoplatelets- Graphene nanoplatelets (GNPs) are two-dimensional carbon materials with desirable properties such as high electrical and thermal conductivity, strength, and a large specific surface area. These properties make GNPs valuable for creating composite materials, which are in high demand in various industries. In the automotive and aviation sectors, GNP composites lighten objects and increase fuel efficiency. In the construction sector, they enhance mechanical properties and reduce gas permeability. In power and energy applications, GNPs improve the resilience, efficiency, and capacity of power systems at a relatively low cost. They are used in electrodes, batteries, and supercapacitors due to the rising demand for lightweight, high-power consumer electronics and hybrid vehicles. Additionally, GNP-based inks and coatings exhibit excellent electrical and thermal characteristics, finding applications in products such as printed electronics, RFID tags, heat sinks, smart labels, and packaging. The wide range of applications for GNPs is expected to drive the growth of the graphene nanoplatelets segment in the global graphene market.
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Research Analysis
Graphene, a wonder material and a single layer of carbon atoms arranged in a hexagonal lattice, is revolutionizing various industries with its exceptional mechanical properties, flexibility, and conductivity. In the industrial and automotive sector, graphene is being explored for use in composites, coatings, and transportation applications due to its enhanced strength and lightweight nature. The transportation industry is exploring the use of graphene in drones, helicopters, planes, and even spaceship manufacturing for improved performance and fuel efficiency. In the realm of energy, graphene is being used in batteries, fuel cells, and solar cells for enhanced capacity and conductivity. In the medical industry, graphene is being used in biomedical technologies, including biosensors, drug delivery systems, and tissue engineering. Graphene oxide, graphene nanoplatelets, and reduced graphene oxide are also being used in wastewater treatment, energy storage, and as alternatives to carbon nanotubes and silicon in various applications. The market for graphene is vast and growing, with applications ranging from coatings to composites, and from biomedical technologies to energy storage. However, the market is not without challenges, with the need for quality testing to combat the issue of fake graphene and ensure the production of high-quality monolayer and bulk graphene.
Market Research Overview
Graphene, a wonder material and carbon allotrope, is revolutionizing various industries with its unique mechanical properties, flexibility, conductivity, and lightweight nature. It’s making waves in the industrial automotive and transportation sectors for its use in composites, tires, and aerospace applications. In the electronics sector, it’s being used in Energy Storage, Harvesting, and Electronics for catalysts, field-effect transistors (FETs), photodetectors, and more. The energy sector benefits from graphene in batteries, capacitors, and lithium technology. In the logistics industry, graphene is used as raw materials for chemical sensors, electrolyte-gated arrangements, and transparent conductors like Indium-tin-oxide (ITO). It’s also used in paints, coatings, inks, and composites for protective equipment and drug delivery solutions. The medical industry uses graphene for medical devices, conductive inks, and wastewater treatment. Graphene’s antibacterial and antiviral efficacy makes it a valuable asset in protective equipment and bio-sensors. Its use in the electronics sector includes applications in semiconductors, graphene foam, and solar cells. The aerospace, military, and defense industries use graphene in drones, helicopters, planes, and spaceship manufacturing. Graphene’s high mobility, electrical and thermal conductivity, and mechanical strength make it a valuable resource for various industries. Its use in composites, paints, coatings, inks, and electronics is expanding rapidly, with ongoing research in nanotechnology and government research institutes. However, the market is also plagued by the issue of fake graphene, emphasizing the importance of quality testing and certification.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ProductGraphene NanoplateletsGraphene OxideReduced Graphene OxideOthersEnd-userElectronicsEnergyCompositesAutomotiveOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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Midea Introduces the Easy to Install Over-the-Range Microwave: A Game-Changing Innovation for Your Kitchen
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February 26, 2025By
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LAS VEGAS, Feb. 25, 2025 /PRNewswire/ — Midea, a global leader in home appliances, is proud to unveil its innovative Easy to Install Over-the-Range Microwave at the 2025 Kitchen and Bath Industry Show (KBIS). This cutting-edge appliance combines advanced microwave technology with a user-friendly design that simplifies the installation process, offering a revolutionary way to upgrade your kitchen without the need for professional help.
Designed with homeowners in mind, particularly those who value convenience, ease of installation, and advanced technology in their kitchen appliances, the Midea Easy to Install Over-the-Range Microwave features a unique “push and snap” installation mechanism that makes setting up the microwave easier than ever. This innovative system eliminates the need for expensive installation services, making it an accessible and cost-effective solution. Whether you‘re renovating your kitchen or replacing an older microwave, the Midea Easy to Install model provides a seamless experience from start to finish.
Innovative “Push and Snap” Installation for Easy Setup
One of the standout features of the Midea Easy to Install Over-the-Range Microwave is its “push and snap” design, which enables effortless installation by a single person. This simple yet groundbreaking design eliminates the need for a professional installer, saving both time and money. The microwave can be installed quickly and easily by following simple, intuitive instructions, making it a perfect solution for anyone who wants to avoid the hassle of booking an installer.
This unique mechanism not only simplifies the installation process, but also ensures a secure and stable installation. The innovative design is engineered to keep the microwave firmly in place, offering peace of mind that it will remain securely mounted without any concern about stability. Whether you‘re upgrading your current microwave or replacing an outdated model, the Midea Easy to Install Over-the-Range Microwave streamlines the entire process without compromising on reliability.
XpressWave Technology for Fast, Even Cooking
The Midea Easy to Install Over-the-Range Microwave is equipped with XpressWave technology, a feature designed to provide fast, even cooking results every time. The microwave‘s advanced cooking technology ensures that food is heated uniformly, providing consistent results without cold spots or overcooked areas.
With 1000W of power and 11 power levels, the microwave can easily accommodate a wide variety of foods, from reheating leftovers to defrosting frozen meats or preparing fresh meals. The XpressWave technology guarantees that your food is cooked quickly and evenly, saving you time while ensuring perfect results every time.
Generous 1.7 Cu. Ft. Capacity for Larger Meals
For families and individuals who need a microwave that can handle larger dishes, the Midea Easy to Install Over-the-Range Microwave offers a generous 1.7 cubic feet of cooking space. With ample room to accommodate large dinner plates, casserole dishes, and even oversized bowls, this microwave provides plenty of space for preparing meals, whether you‘re cooking for one or feeding the entire family.
The spacious interior also allows for easy placement of large containers or multiple dishes at once, making it perfect for busy households where speed and efficiency are essential. Whether reheating multiple plates of food or cooking a large meal, the Midea microwave offers the flexibility and capacity you need.
Powerful Ventilation System for a Cleaner Kitchen
The Midea Easy to Install Over-the-Range Microwave features a 300 CFM Hood Ventilation system that effectively eliminates steam, smoke, and odors from your kitchen while you cook. The microwave is equipped with a two-speed fan that adjusts to your cooking needs, helping to keep the air in your kitchen clean and fresh.
This powerful ventilation system is designed to be both efficient and quiet, ensuring that it can handle even the most intense cooking sessions without disrupting your kitchen environment. Whether you‘re simmering, sautéing, or frying, the microwave‘s ventilation system will quickly remove cooking fumes and ensure your kitchen stays comfortable and odor-free.
EZ Clean Diamondback Coating for Easy Maintenance
Cleaning up after cooking is often a tedious task, but the Midea Easy to Install Over-the-Range Microwave simplifies the process with its EZ Clean Diamondback Coating. This non-stick coating is designed to prevent grease, food residue, and spills from sticking to the microwave‘s interior, making it much easier to wipe clean after each use.
The Diamondback pattern inside the microwave helps distribute microwaves more evenly across the food, ensuring consistent heating and reducing hot spots. This advanced design not only improves cooking performance but also makes cleaning easier by preventing food residue from sticking.
A Smart Upgrade for Modern Kitchens
The Midea Easy to Install Over-the-Range Microwave is the ideal choice for anyone looking to upgrade their kitchen with an innovative, efficient, and stylish appliance. Whether you‘re replacing an outdated microwave or upgrading to a more modern model, this microwave is designed to meet the needs of today‘s fast-paced home cooks. Its combination of XpressWave technology, generous 1.7 cu. ft. capacity, and powerful ventilation system make it a must-have for any kitchen.
In addition, the microwave‘s sleek stainless steel finish adds a touch of modern elegance to your kitchen, ensuring that it blends seamlessly with your existing décor. Its compact design makes it the perfect fit for any space, while the easy-to-install feature ensures that you can have it up and running in no time.
Available in Summer 2025
The Midea Easy to Install Over-the-Range Microwave will be available for purchase in Summer 2025. With its innovative design, advanced features, and user-friendly installation process, the microwave is the perfect addition to any modern kitchen.
Midea continues to push the boundaries of home appliance innovation with products like the Easy to Install Over-the-Range Microwave, which seamlessly combines performance, convenience, and elegance.
Key Features:
Easy one-person installation with “push and snap” design.XpressWave technology for fast, even cooking results.Generous 1.7 cu. ft. capacity to accommodate large dishes and containers.300 CFM Hood Ventilation system with adjustable two-speed fan.EZ Clean Diamondback Coating for effortless cleaning and maintenance.
About Midea Group
Midea Group is a global technology leader specializing in five key business areas: Smart Home, Industrial and Building Technologies, Robotics and Automation, Electro-Mechanical, and Digital Innovation. As one of over 10 brands within Midea Group’s smart home appliance business, Midea has established itself as a prominent force in the industry. Founded in 1968, Midea Group is ranked #277 on the 2024 Fortune Global 500 with 190,000+ employees worldwide.
Visit: www.midea-group.com
For Media Inquiries:
Contact:
Lokman Zhou
lokman.zhou@midea.com
Jessie Wang
wangrong15@midea.com
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Wang Yuhang, Co-founder of Walnut Coding, stated, “Walnut Coding has always been committed to enhancing education through technology. Our collaboration with Tsinghua will drive innovation in youth coding education and offer continuous support for technological progress. We believe this partnership will help cultivate future leaders in science and technology innovation.”
The partnership between Walnut Coding and Tsinghua University aligns with a new government outline aimed at enhancing education. The outline emphasizes the need to strengthen scientific education, foster innovation in primary and secondary schools, and establish a new framework for science and AI education. Through this collaboration, both parties will combine their resources and expertise to enhance youth coding education, refine curricula, and provide students with a more efficient and systematic learning experience, thereby promoting a comprehensive upgrade in youth coding education.
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The Department of Computer Science and Technology of Tsinghua University was established in 1958. After more than 60 years, it has developed into a computer department with strong comprehensive teaching and scientific research strength and great influence in the field of computer science internationally, playing an important role in the development of China’s computer industry and even in the construction of the national economy.
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For more information please visit: @Toshiba TV Global
About Toshiba TV:
With 70+ years of history in TV production, Toshiba TV is known for its exquisite craftsmanship, innovative ideas and groundbreaking inventions. By prioritizing superior image quality and auditory experiences, Toshiba TV sets new standards in entertainment. Toshiba TV stems from the excellence quest of customers, providing the world with responsible products to make the world a better place. Emphasizing attention to product details and technological advancement, Toshiba TV integrates aesthetically pleasing design, quality assurance, and brand reputation to underscore its commitment to authenticity in the actual world and a sincere dedication to its consumers, showcasing Toshiba TV’s long-standing design philosophy and continuous pursuit of product quality.
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