Dual Carbon Battery Market Size - Current Analysis & Forecast to 2027
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.
Based on application, the global dual carbon battery market growth 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.
Market Research Analysis
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 industry 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 size.
Scope of the Report
This report provides an in-depth analysis of the global Dual Carbon Battery market, tracking three market segments across five geographic regions. 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.
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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