The global Dual Carbon Battery market is estimated
to expand at ~5.50% CAGR during the forecast period.
Dual
carbon batteries are energy storage batteries that uses a form of carbon for both
anode and the cathode. These batteries are 100% recyclable and are being
developed to use carbon produced with organically grown cotton. These batteries
can charge upto 20 times faster than lithium ion batteries. This charging can
make electric vehicles more convenient for daily usage. For instance, Tesla S
can be charged in 90 seconds with the help of these dual carbon batteries.
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The growing demand for Dual Carbon Battery is
attributed to increasing number of electric vehicles across the globe,
especially the US and China. Moreover, according to the Ministry for Trade and
Industry of Singapore, the country’s electronics manufacturing sector is
expected to manufacture a total of 2,100 new jobs by 2020. This initiative
would eventually lead to increased number of manufacturing devices, thereby
driving the market for dual carbon battery, which is an important part of
electronics sector.
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Key
Players
The key players of global dual carbon battery market
are JSR Corp, Loxus, Hitachi Chemical, Lishen Tianjin, BYD, Amperex
Technologies, Panasonic, LG Chem, Samsung SDI, Johnson Controls
Segmentation
Global Dual Carbon Battery market has been segmented
based on types, application, and region. Based on type, the market is
classified into disposable battery and rechargeable battery. The rechargeable
segment dominates the market as technological advancements are getting
implemented in these types of batteries. These batteries are way more efficient
as compared to other lithium-ion batteries. There are lot of advantages of dual
carbon batteries over other types of batteries which makes it an ideal choice
for many end-user segments such as electronics and electric vehicles. These
advantages include no need of cooling, saving power, and complexity. Moreover,
no rare earth metals, which enables a lower cost and provide better price
stability.
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