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The Dual Carbon Battery Market is estimated to grow at higher CAGR over the forecast period (2020-2027).
The factors driving growth of the Dual Carbon Battery Market includes growing demand for electric vehicles around the world, developments in electronic manufacturing, Government funding on energy storage projects, rising awareness about the limitations of lithium-ion batteries and improvements in the living standards. Moreover, increasing application of dual carbon battery in smart home appliances, growing adoption of advanced technologies, rise in the launch of new products and rapid urbanization, are some of the additional factors supplementing the Dual Carbon Battery Market Share. In addition, the increasing investments by major companies on research and development, strategic partnerships and mergers between enterprise and growing disposable incomes, are further contributing towards the market growth.
However, growth of the Dual Carbon Battery Market is hindered due to increase in the prices of graphite carbon.
The prominent players operating in the Dual Carbon Battery Market are BYD Company Ltd., Amperex Technology Limited, Panasonic Corporation, JSR Corporation, Loxus, Denko Materials Co., Ltd., SAMSUNG SDI CO., LTD., TianJin Lishen Battery Joint-Stock CO., LTD., LG Chem., and Johnson Controls., among others.
Based on Type, the Secondary segment is predicted to grow at a significant CAGR during the forecast period
Secondary batteries are cost-effective and are increasingly used in traction, motor drives and PDA’s, are pushing growth of the segment.
Based on Application, the Automotive Batteries segment is projected to expand at a remarkable CAGR over the forecast period
Growing demand for energy efficient batteries such as dual carbon batteries and zinc-carbon batteries, is propelling segment’s growth.
Based on Region, the Asia-Pacific region is estimated to hold the highest market share during the forecast period
As per the Dual Carbon Battery Market Analysis, Government policies promoting the manufacturing of electric vehicles, rise in the number of energy storage projects, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Market Segmentation
Segmentation by Type
Primary
Secondary
Segmentation by Application
Automotive Batteries
Industrial Batteries
Portable Batteries
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
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