Global Dual Carbon Battery market is expected to witness substantial growth during the forecast period owing to increasing number of electric vehicle and growing electronics sector. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Dual Carbon Battery market by its type, application, and by region. —
Dual carbon battery is relatively cheaper to manufacture and are environment friendly. These batteries are used improve the range and charging times of electric vehicles. This battery technology is newer to the market but has the potential of becoming prominent in the coming years due to its qualitative features. For instance, a Japanese company, Power Japan Plus has come up with new dual carbon batteries which are at its initial phase and has the capability of eating up the market share of other prominent batteries.
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The global Dual Carbon Battery market is projected to grow at a high rate during the forecast period due to growing consumer electronics sector as well as growing market of electric vehicles. For instance, the sale of electric vehicles in the US was significantly high which increased by 21% in 2017 as compared to 2016 with sale of 199,826 electric vehicles sold in the same year. Moreover, the automotive industry is witnessing high usage of energy saving batteries such as dual carbon batteries and expected to introduce 127 battery-electric models over the next five years. All these factors will positively trigger the market for dual carbon battery.
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.
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.
Asia Pacific is estimated to be the fastest growing market for dual carbon battery market
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.
List Of Tables
Table 1 Global Dual Carbon Battery Market: By Region, 2018–2023
Table 2 North America: Dual Carbon Battery Market: By Country, 2018–2023
Table 3 Europe Dual Carbon Battery Market: By Country, 2018–2023
Table 4 Asia-Pacific Dual Carbon Battery Market: By Country, 2018–2023
Table 5 Middle East Dual Carbon Battery Market: By Country, 2018–2023
Table 6 Africa Dual Carbon Battery Market: By Country, 2018–2023
Table 7 South America Dual Carbon Battery Market: By Country, 2018–2023
Table 8 Global Dual Carbon Battery Market, By Type, By Regions, 2018–2023
Table 9 North America: Dual Carbon Battery Market, By Type, By Country, 2018–2023
Table 10 Europe Dual Carbon Battery Market, By Type, By Country, 2018–2023
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