The global Dual Carbon Battery market is estimated to expand at ~5.50% CAGR during the forecast period. Dual carbon batteries are energy storage batteries that uses a form of carbon for both anode and the cathode. These batteries are 100% recyclable and are being developed to use carbon produced with organically grown cotton. These batteries can charge upto 20 times faster than lithium ion batteries. This charging can make electric vehicles more convenient for daily usage. For instance, Tesla S can be charged in 90 seconds with the help of these dual carbon batteries.

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The growing demand for Dual Carbon Battery is attributed to increasing number of electric vehicles across the globe, especially the US and China. Moreover, according to the Ministry for Trade and Industry of Singapore, the country’s electronics manufacturing sector is expected to manufacture a total of 2,100 new jobs by 2020. This initiative would eventually lead to increased number of manufacturing devices, thereby driving the market for dual carbon battery, which is an important part of electronics sector.

Transportation segment in global Dual Carbon Battery market holds the highest market share in 2017.
The market for Dual Carbon Battery is segmented based on application as transportation, electronics, portable power, and others. The transportation segment dominates the market 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.

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Prominent Players:
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.

Dual Carbon Battery Market Segmental Analysis:
Global Dual Carbon Battery Market, By Type
• Disposable Battery
• Rechargeable Battery
Global Dual Carbon Battery Market, By Application
• Transportation
• Electronics
• Portable Power
• Others
Global Dual Carbon Battery Market, By Regions
• North America
• Asia-Pacific
• Europe
• Middle East
• Africa
• South America

Dual Carbon Battery Regional Market Analysis:
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.

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