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At what pace is the dual-ion batteries market growing, and what is its estimated value?
The dual-ion batteries market size has grown rapidly in recent years. It will grow from $0.36 billion in 2024 to $0.43 billion in 2025 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to government regulations, environmental concerns, development of new materials, consumer electronics growth, and improvement in grid infrastructure
The dual-ion batteries market size is expected to see rapid growth in the next few years. It will grow to $0.79 billion in 2029 at a compound annual growth rate (CAGR) of 16.8%. The growth in the forecast period can be attributed to battery as a service model, innovative materials and chemistries, grid storage requirements, sustainability and environmental goals and battery performance improvements. Major trends in the forecast period include fast charging technology, artificial intelligence and machine learning integration, hybrid battery technologies, advanced battery management systems (BMS) and nano-technology.
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What are the top drivers to the rising demand in the dual-ion batteries market?
The increasing demand for electric vehicles is expected to propel the growth of the dual-ion batteries market going forward. Electric vehicles (EVs) refer to vehicles that are powered by one or more electric motors, using energy typically stored in rechargeable batteries. The increasing demand for electric vehicles is due to advancements in battery technology and the shift toward sustainable transportation solutions, coupled with rising fuel prices and the expansion of EV infrastructure. Dual-ion batteries in electric vehicles (EVs) offer the potential for lower-cost, more efficient energy storage with improved sustainability by utilizing multiple types of ions for energy storage and transfer. For instance, in January 2024, according to a report published by the International Council on Clean Transportation, a US-based professional non-profit organization, the share of new vehicle sales that are plug-in electric increased from about 3% in Q1 2021 to approximately 7% in 2022, eventually exceeding 10% by Q3 2023. Therefore, the increasing demand for electric vehicles is driving the growth of the dual-ion batteries market.
How is the dual-ion batteries market segmented?
The dual-ion batteries market covered in this report is segmented –
1) By Type: Metal-Metal, Zinc-Ion, Metal-Organic, Sodium-Ion, Other Types
2) By Application: Portable Electronics, Medical Devices, Electric Vehicles, Renewable Energy Storage, Other Applications
3) By End-Use: Electronics And Electricals, Automotive, Energy And Utilities, Infrastructure, Other End-Uses
Subsegments:
1) By Metal-Metal: Lithium-Aluminum Batteries, Magnesium-Aluminum Batteries, Calcium-Tin Batteries
2) By Zinc-Ion: Aqueous Zinc-Ion Batteries, Solid-State Zinc-Ion Batteries, Zinc-Graphite Batteries
3) By Metal-Organic: Lithium-Organic Batteries, Sodium-Organic Batteries, Magnesium-Organic Batteries
4) By Sodium-Ion: Sodium-Titanium Batteries, Sodium-Carbon Batteries, Sodium-Graphene Batteries
5) By Other Types: Potassium-Ion Batteries, Calcium-Ion Batteries, Hybrid Dual-Ion Batteries
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Who are the top competitors in the dual-ion batteries market?
Major companies operating in the dual-ion batteries market are Hitachi Chemical Company Ltd., BYD Company Limited, Panasonic Corporation, LG Chem Ltd., Sunwoda Electronic Co Ltd., Johnson Controls International plc, Samsung SDI Co Ltd., EVE Energy Co Ltd., EnerSys Inc., JSR Corporation, Tianjin Lishen Battery Joint-Stock Co Ltd., Ambri Inc., Ionic Materials Inc., Jenax Inc., Sion Power Corporation, Electrovaya, Amperex Technology Limited (ATL), Excellatron Solid State LLC, Tiamat Energy S.A., Prieto Battery Inc.
What significant trends should we anticipate in the dual-ion batteries market over the forecast period?
Major companies operating in the dual-ion batteries market are focusing on developing advanced solutions, such as dual-mode lithium batteries, to enhance performance and efficiency in applications such as electric vehicles and portable electronics. A dual-mode lithium battery refers to a type of rechargeable battery that can operate in two distinct modes. For instance, in August 2024, Xiaomi, a China-based technology company, launched the Xiaomi MIJIA Electric Sharpener, a versatile tool designed for grinding, engraving, polishing, and drilling. It offers unique features such as a dual-mode lithium battery for versatile power options, a brushless motor with speeds up to 22,000 RPM, and a slim pen-shaped design that enhances portability and ease of use. Additionally, it supports various functions, including grinding, engraving, polishing, and drilling, making it suitable for a wide range of applications.
Which regional trends are influencing the dual-ion batteries market, and which area dominates the industry?
North America was the largest region in the dual-ion batteries market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dual-ion batteries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Dual-Ion Batteries Market Report 2025 Offer?
The dual-ion batteries market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Dual-ion batteries refer to a type of rechargeable battery that uses two different types of ions to store and release energy, typically in the form of lithium (Li+) and anions (such as fluoride or chloride). Dual-ion batteries utilize a unique mechanism where both positive and negative ions from the electrolyte contribute to energy storage and discharge, offering higher energy density and improved cycling stability compared to traditional lithium-ion batteries.
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