PUBLISHER: The Business Research Company | PRODUCT CODE: 1727798
PUBLISHER: The Business Research Company | PRODUCT CODE: 1727798
Dual-ion batteries are a type of rechargeable battery that store and release energy using two different types of ions, typically lithium (Li+) and anions (such as fluoride or chloride). These batteries operate through a unique mechanism in which both positive and negative ions from the electrolyte participate in energy storage and discharge, providing higher energy density and enhanced cycling stability compared to conventional lithium-ion batteries.
The primary types of dual-ion batteries include metal-metal, zinc-ion, metal-organic, sodium-ion, and others. Metal-metal generally refers to interactions, compounds, or systems involving two or more metal elements. These batteries have diverse applications, including portable electronics, medical devices, electric vehicles, and renewable energy storage. They serve various end users, such as the electronics and electrical industries, automotive sector, energy and utilities, infrastructure, and more.
The dual-ion batteries market research report is one of a series of new reports from The Business Research Company that provides dual-ion batteries market statistics, including dual-ion batteries industry global market size, regional shares, competitors with a dual-ion batteries market share, detailed dual-ion batteries market segments, market trends and opportunities, and any further data you may need to thrive in the dual-ion batteries industry. This dual-ion batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 during the historic period can be attributed to government regulations, rising environmental concerns, advancements in new materials, the expansion of consumer electronics, and improvements 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 the emergence of the battery-as-a-service model, advancements in innovative materials and chemistries, increasing grid storage demands, a stronger focus on sustainability and environmental goals, and improvements in battery performance. Key trends during this period include fast charging technology, the integration of artificial intelligence and machine learning, hybrid battery technologies, advanced battery management systems (BMS), and the application of nanotechnology.
The rising demand for electric vehicles is expected to drive the expansion of the dual-ion batteries market. Electric vehicles (EVs) are powered by one or more electric motors, using energy typically stored in rechargeable batteries. The growing preference for EVs is driven by advancements in battery technology, the transition to sustainable transportation solutions, increasing fuel prices, and the expansion of EV infrastructure. Dual-ion batteries in EVs offer a cost-effective and efficient energy storage solution with enhanced sustainability by utilizing multiple types of ions for energy storage and transfer. For example, in January 2024, a report by the International Council on Clean Transportation, a US-based professional non-profit organization, indicated that the share of new vehicle sales that are plug-in electric increased from about 3% in Q1 2021 to approximately 7% in 2022, eventually surpassing 10% by Q3 2023. As a result, the increasing demand for electric vehicles is fueling the growth of the dual-ion batteries market.
Leading companies in the dual-ion batteries market are focusing on the development of innovative 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 is a rechargeable battery capable of operating in two distinct modes, providing greater versatility. For instance, in August 2024, Xiaomi, a China-based technology company, introduced the Xiaomi MIJIA Electric Sharpener, a multifunctional tool designed for grinding, engraving, polishing, and drilling. This product features a dual-mode lithium battery for flexible power options, a brushless motor with speeds of up to 22,000 RPM, and a slim pen-shaped design that enhances portability and ease of use. Additionally, it supports various applications, making it a versatile tool for consumers.
In July 2024, Enerpoly AB, a Sweden-based manufacturer of zinc-ion batteries, acquired a production line and dry electrode technology from Nilar AB for an undisclosed amount. This acquisition reinforces Enerpoly's commitment to sustainability, as zinc-ion batteries are recognized for their safer chemistry and lower environmental impact compared to conventional lithium-ion batteries. This strategic move is expected to accelerate the company's growth while contributing to global carbon reduction efforts through cleaner energy storage solutions. Nilar AB, a Sweden-based company, specialized in developing and manufacturing nickel metal hydride (NiMH) batteries for stationary energy storage systems.
Major players 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., and Prieto Battery Inc.
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 dual-ion batteries report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the dual-ion batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The dual-ion batteries market consists of sales of graphite and tin disulfide (SnS2) dual-ion batteries, silicon-graphene dual-ion batteries, WS2-graphite dual-ion batteries, dual carbon batteries, and lithium hybrid organic batteries. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Dual-Ion Batteries Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dual-ion batteries market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for dual-ion batteries ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The dual-ion batteries market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.