The Middle East & Africa dual carbon battery market is estimated at USD XX billion in 2016 and is projected to reach USD XX billion by 2021, at a CAGR of XX% during the forecast period, 2016 to 2021.
Air pollution, climate change and traffic congestion are the major challenges the Middle East region is facing. The current transport system, especially in large urban centers, requires a significant decrease in carbon emissions. Therefore, demand for electric vehicles is increasing. Hence, the market for dual carbon market is expected to see a significant growth in coming years. With the new evolving battery technologies, the investments for research and development activities for the batteries are also increasing across the globe. However, the investments and the technology development for dual carbon battery are limited in this region.
The Japanese company, Power Japan Plus has recently come up with a new idea of dual carbon batteries, which is still in the development stage. The potential of these batteries is expected to grow as they can get charged twenty times faster and last longer than high-end lithium ion batteries, which provides a huge advantage and can be used in multiple applications. Once the technology is tested completely, the company is looking forward to partner with various industries in the Middle East & Africa region, for the implementation in power sector and other industries.
The battery, which is cheap to manufacture, safe and environment-friendly, could be ideal to improve the range and charging time of electric cars. The market for electric bikes and cars is on the rise, in the recent years. The dual carbon battery technology would enable to charge a car in about 10-12 minutes, as compared to four hours, otherwise. Also, it has an expected capacity of 24-kWh and would give a charging time of around 42 minutes for the 85-kWh battery of a top of the line car.
Electric vehicles with the ability to drive 337miles (542 km) on a single charge are already a reality (for example, Tesla, using lithium ion batteries) and this is expected to change with the new dual carbon battery technology. The dual carbon new battery is cheaper, safer, and 100% recyclable, making it an attractive option that could bring high-performance electric cars to market more quickly. The Ryden dual carbon battery could be the energy storage break-through needed to bring green technology, like electric vehicles, to the mass market.
The construction of this battery is very simple. The anode and the cathode of the battery are both made out of carbon with an organic electrolyte solution that allows for ion current to flow separately. This also does not require the use of any rare Earth metals or other rare metals, significantly cutting down on the price of each unit.
Thermal stability means that this battery will not heat up while in use or during charging, and removes the threat of thermal explosion, thus making for a safer battery. It also means that expensive cooling systems are not required, thus driving down the price. The battery is stable enough to be discharged completely without harming the longevity of the product. Currently, the Ryden battery is rated for 3,000 charge/discharge cycles before the function of the battery begins to diminish. To put that into perspective, current electric cars advertise 300-500 charge cycles before the owner needs to think about replacing the battery.
The commercial production of dual carbon batteries is expected to begin soon. These batteries are slated to be used in satellites, medical devices, and electric vehicles, followed by other industries.
Key Deliverables in the Study