The dual carbon battery market size is anticipated to expand at significant CAGR during forecast period 2021–2028. Growth of the market is attributed to rapid urbanization, increasing use of dual carbon battery in the electronic & defense sector, and increasing demand for dual carbon battery in healthcare sector.
Dual carbon batteries are also known as dual-graphite contains both cathode & anode ions which are made up of carbon. The dual graphite batteries are 100% recyclable & eco-friendly and have, cheap manufacturing cost compared to other batteries, and fast charging capability. The risks that appear in electric cars such as thermal runway & extensive cooling systems, the dual carbon batteries avoid it and operate at room temperature.
The Covid-19 pandemic affected the demand and supply of dual carbon battery market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
The report on the dual carbon battery market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Dual Carbon Battery Market–Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018-2019 |
Forecast Period |
2021-2028 |
Segmentation |
Application (Portable Batteries, Industrial Batteries, Automotive Batteries, and Others), End-users (Energy Storage, Automotive, Consumer Electronics, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players covered in the Report |
Poly Plus Battery Co; Wealth Minerals Ltd.; Mullen Technologies, Inc.; Tesla, Inc.; International Battery Metals Ltd.; Lundin Mining Corp.; Trevali Mining Corp.; Panasonic Corp.; Samsung SDI Co., Ltd.; LG Chem Ltd.; and PJP Eye LTD. |
Based on applications, the dual carbon battery market is categorized into portable batteries, industrial batteries, automotive batteries, and others. The automotive batteries segment accounts for a key share of the market. Growth of the market is attributed to rising industrialization and increasing technological advancement. However, the industrial batteries segment is anticipated to expand at a rapid pace during the forecast period due to rapid expansion in development & research, wide range of applications in marine industry, and increasing per capita income.
On the basis of end-users, the market is fragmented into energy storage, automotive, consumer electronics, and others. The automotive segment accounts for a significant share of the market. Growth of the market is attributed to increasing demand for electronic cars and improvement in production methods. The consumer electronics segment is anticipated to expand at a rapid pace during the forecast period due to factors such as increasing use of sophisticated industrial applications such as robots & drones, low storage capacities of batteries, and rising population.
On the basis of region, the dual carbon battery is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is estimated to expand at a high CAGR during the forecast period due to increasing price of lithium-ion batteries and rising applications of dual carbon batteries in energy storage sector. The market of Asia Pacific is estimated to hold a major market share due to increasing the application of dual carbon battery in automotive sector, growing demand for small, thin, and high performing battery, and increasing number of electronic applications.
The dual carbon battery market has been segmented on the basis of
Key players competing in the dual carbon battery market include Poly Plus Battery Co; Wealth Minerals Ltd.; Mullen Technologies, Inc.; Tesla, Inc.; International Battery Metals Ltd.; Lundin Mining Corp.; Trevali Mining Corp.; Panasonic Corp.; Samsung SDI Co., Ltd.; LG Chem Ltd.; and PJP Eye LTD.
Some of these players are using several market strategies such as collaborations, acquisitions, partnerships, merger, product launches, and capacity expansion to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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