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Dual Carbon Battery Market Research Report:
Information by Type (Disposable Battery and rechargeable battery), Application
(Transportation, Electronics, Portable Power, and Others), and Region
Dual Carbon Battery Market Research Report – Global Forecast till 2023
The global dual carbon battery market is
set to grow at a steady CAGR of 5.50% during 2018 to 2023, asserts Market
Research Future (MRFR) in its latest report. Dual carbon batteries for their
superior performance have gained significant traction. These batteries are
likely to replace lithium ion batteries in the forthcoming years. Electric
vehicles remain a prime contender for dual carbon usage. Automotive sector is
expected to remain a major revenue pocket. Sales of EVs have continued to in
recent years and the trend is likely to continue throughout the forecast
period.
There are several advantages of dual
carbon batteries as compared to other battery technologies available, which is
driving their popularity in the end-use vertical such as EVs and electronics.
Dual carbon batteries do not require cooling, they are energy-efficient and
advanced. These attributes of dual carbon batteries are attracting the
automotive sector. Automobile manufacturers are striving to make vehicles
energy efficient and sustainable where dual carbon batteries can play an
important role.
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Industry Highlight
Technological advanced in electronics and
rising popularity of EVs are among the key growth enablers for the dual carbon
battery market. The electronics sector has witnessed a tremendous boom in the
region such as APAC and MEA. APAC led by
China has achieved a remarkable feat in electronics manufacturing. Countries
such as China, Taiwan and Singapore make a considerable contribution to the
overall electronic products manufactured globally. As per the data released by
the Ministry of Trade and Industry of Singapore, the electronics manufacturing
industry in the country is likely to create close 2,100 new jobs by 2020. Such
factors indicate towards a pacey growth of the electronic manufacturing sector
in the region.
The growing consumer electronics industry
is expected to play an important role in propelling the global dual carbon
battery market during the review period. Additionally, portability has become a
must-have feature in modern devices, which make batteries a critical component.
Demand for long-lasting batteries with fast recharging is on the rise, which is
making a positive influence on the global dual carbon battery.
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Segmental Overview
MRFR’s report offer a detailed segmental
analysis of the global dual carbon battery market based on application, types
and region.
By application, the market has been
segmented into portable power, electronics, transportation and others.
By Type, the market has been segmented
into rechargeable battery and disposable battery. The former is expected to
spearhead the later during the forecast period. This is primarily owing to the
higher preference for rechargeable batteries. Rechargeable batteries are more
feasible as compared to disposable batteries. Moreover, use of rechargeable
battery is promoted owing to the rising concerns over electronic waste.
Regional Analysis
APAC Dual Carbon Battery Market to
Register the Highest CAGR during the Forecast Period
The regions covered in the report include
Europe, Asia Pacific (APAC), North America, Africa, the Middle East and South
America. Of these, the APAC dual carbon battery market is expected to exhibit
the fastest CAGR during the forecast period. APAC is one of the key
contributors to the global carbon battery market in terms of revenue. In 2017,
APAC accounted for the largest market share.
Fast convergence of entertainment, communication and information has
brewed a new era of consumer electronics in APAC. This is an important factor
that drives the market growth in APAC. In addition, growth of manufacturing
sector in the region has created new avenues.
Competitive Analysis
Prominent Players
Some of the notable companies operating
in the global dual carbon battery market including Loxus, Lishen Tianjin,
Amperex Technologies, LG Chem, Johnson Controls, JSR Corp, Panasonic, Samsung
SDI, Hitachi Chemical and BYD.
About Market Research Future:
At Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
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