Dual Carbon Battery Market Insights
The global Dual Carbon Battery market is forecasted to grow at a substantial CAGR over the forecast period. Dual carbon batteries use carbon as their cathode and anode. Dual carbon batteries charge much faster than lithium-ion batteries and can be used extensively in electronic vehicles. The market is expected to be driven by growing adoption of electric vehicles as a more environmentally sustainable alternative.
The market for dual carbon batteries is relatively new, as its production was commercialized only in 2014. Dual carbon batteries do not change temperature during operation and have superior energy density. This effectively reduces the need for expensive and complex battery coolant systems. Dual carbon batteries are potentially environmentally friendly and easy to dispose. These factors are further likely to boost the demand for dual carbon batteries during the forecast period.
Dual Carbon Battery Market: Application Insights
Based on application, the Global Dual Carbon Battery market can be segmented into industrial and automotive. The automotive application segment is expected to hold the largest t share in terms of revenue in the dual carbon battery market. This can be attributed to extensive applications of dual carbon batteries in electronic vehicles, and steady growth in demand for electronic vehicles. Accordingly, technological innovation is likely to further expand the range of applications of dual carbon batteries in the automotive and industrial sectors.
Dual Carbon Battery Market: Regional Insights
China is expected to be a large market for dual carbon batteries due to record growth in demand for electronic vehicles during the past few years. The Asia Pacific region is likely to register significant growth in the dual carbon battery market owing to growing technological innovations, growth in the manufacturing sector and potential for adoption of electronic vehicles. Further, developments in the industrial sector, power generation, and information technology in emerging economies such as India, South Korea and Japan is expected to propel growth in the dual carbon battery market
Dual Carbon Battery Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Dual Carbon Battery over the coming years. Some leading consumers of Dual Carbon Battery are Ampere Vehicles, Okinawa Autotech Pvt. Ltd. And Twenty Two Motors among others.
Dual Carbon Battery Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Dual Carbon Battery Market Share & Competitor Analysis
One of the major players in the dual carbon battery market is Power Japan Plus, which was the first company to commercialize production of dual carbon batteries in 2014.
Other companies operating in the market include Johnson Controls, Samsung SDI, Panasonic, LG Chem, Amperex Technologies, Hitachi Chemical, Nippon Chemi-Con, Amprius and JSR Corp among others.
In January 2018 Power Japan Plus Inc. and Teikyo University initiated an experiment to create a low carbon campus. The agreement involved the use of dual carbon battery called Ryden, which was developed to facilitate adaptation of renewable energy.