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.
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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Industry
Segmentation
Based
on application, the market is estimated into transportation, electronics,
portable power, and others. Transportation segment is expected to be the
fastest growing segment during the forecast period. Many major players are
actively participating in introducing innovative products in this battery
category. For instance, in 2014, Power Japan Plus planned to commercialize its
dual carbon batteries. The company also claims that the dual carbon batteries
would have more density than lithium and charge 20 times faster than
lithium-ion batteries.
The
transportation segment dominates the market Many major players are actively
participating in introducing innovative products in this battery category. For
instance, in 2014, Power Japan Plus planned to commercialize its dual carbon
batteries. The company also claims that the dual carbon batteries would have
more density than lithium and charge 20 times faster than lithium-ion
batteries.
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Regional Analysis
Region
wise, Asia Pacific held the largest market share of the global Dual Carbon
Battery market in 2017. It is also estimated that Asia-Pacific region would
also be the fastest growing market during the forecast period. Moreover,
growing convergence of information, communication and entertainment is bringing
a new era of consumer electronics in the region. Consumer electronics is one of
the largest segments in the manufacturing industry and promises huge potential,
particularly in emerging markets of Asia-Pacific. These developments in the
Asia-Pacific region would drive the dual carbon battery market.
Key Players
The
key players of the global Dual Carbon Battery market are JSR Corp, Loxus,
Hitachi Chemical, Lishen Tianjin, BYD, Amperex Technologies, Panasonic, LG
Chem, Samsung SDI, Johnson Controls.
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