Global Supercapacitor Market will reach USD 2,096.16 Million by 2022: Zion Market Research
According to the report, global supercapacitor market was valued at around USD 684.70 million in 2016 and is expected to reach approximately USD 2,096.16 million in 2022, growing at a CAGR of slightly above 20.5% between 2017 and 2022.
Sarasota, FL, May 08, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Supercapacitor Market (Double Layer Supercapacitor, Pseudocapacitor and Hybrid Capacitor) for Automotive, Transportation, Industrial Energy, Consumer Electronics and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022”. According to the report, global supercapacitor market was valued at around USD 684.70 million in 2016 and is expected to reach approximately USD 2,096.16 million in 2022, growing at a CAGR of slightly above 20.5% between 2017 and 2022.
A supercapacitor is an electric double-layer capacitor having a high capacity electrochemical capacitor with capacitance values much higher than other capacitors that bridge the gap between electrolytic capacitors and rechargeable batteries. Supercapacitors are used in various applications which require rapid charge/discharge cycles rather than long term compact energy storage such as within cars, buses, cranes and elevators, and trains. They are also used for regenerative braking, short-term energy storage or burst-mode power delivery. Smaller units of supercapacitor are used as memory backup for RAM and SRAM.
Browse through 18 Market Tables and 26 Figures spread through 110 Pages and in-depth TOC on “Global Supercapacitor Market: Type, Size, Share, Analysis, Companies and Forecast 2016 – 2022”.
The growth of supercapacitor market is gaining momentum due to increased demand for capacitors in different sectors such as consumer electronics, automotive, energy, and industrial sectors. Increasing cost of fossil fuel and rising carbon emission are stimulating the demand of supercapacitor market. In addition, a green revolution to save energy and reduce the usage of fossil fuels impels the demand of supercapacitor market. Furthermore, rising demand of supercapacitors for stabilized power supply to electronic products such as laptop computers, GPS, hand-held device, portable media players are some of the factor driving the growth of global supercapacitor market. However, factors like high cost of material and intense competition with the established high capacity batteries vendors are hindering the growth of supercapacitor market.
Nonetheless, advanced features provided by supercapacitor such as the capability to provide backup power to low power equipment such as SRAM, RAM, micro-controllers and PC Cards at a time of power shutdown is increasing demand of supercapacitor market in coming years.
Browse the full "Supercapacitor Market (Double Layer Supercapacitor, Pseudocapacitor, and Hybrid Capacitor) for Automotive, Transportation, Industrial Energy, Consumer Electronics and Other Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-2022" report at https://www.zionmarketresearch.com/report/super-capacitor-market
Supercapacitor market segmentation is done by type, product, application, and region. On the basis of the type the supercapacitor market is segmented by supercapacitor module, supercapacitor cell and board mounted supercapacitor. Product wise, supercapacitor market is segmented into double layer supercapacitor, pseudocapacitor, and a hybrid capacitor. Double layer supercapacitor is dominating the market and its applications vary from electronics to transportation sector. Application sectors of supercapacitor are automotive & transportation, industrial, energy, consumer electronics and other application. The automotive sector is leading segment of the market owing to consumer demand for reduced weight and fuel consumption, management of continuously increasing internal power loads and recaptures energy.
On the basis of the region, the supercapacitor market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. Geographically, Asia-Pacific is the fastest growing region due to the presence of key vendors in developing countries such as China, Japan & India. In Asia Pacific major players of supercapacitor are Panasonic Corporation, Murata Manufacturing Co., Ltd, and Nesscap Co., Ltd and others.
North America is also expected to show significant growth due to rising application of supercapacitor in automotive sectors. Most of the U.S. automotive companies are trying to achieve improvements in CO2 emissions to satisfy stricter emission standards. For instance, Maxwell Company is delivering high power supercapacitor to reduce weight and fuel consumption, manage continuously increasing internal power loads in vehicles. Maxwell ultracapacitors are installed in over 1 million vehicles on the road in U.S. Hence, North America is Pioneer in the adoption of supercapacitor technology.
Europe supercapacitor market is likely to propagate due to expansion in the automobile industry in some of the major countries including Germany, Spain, U.K. Italy, and France. Rising demand for green fuel and alternative energy sources coupled with increasing adoption of supercapacitors in consumer electronics and the automotive industry is projected to bolster the growth of supercapacitor market over the forecast period in Europe.
In Latin America, demand for supercapacitors from end-use industries is rising. Supercapacitors are steadily replacing lithium-ion batteries, and this trend is expected to gain momentum during the forecast period as well in this region. In Addition, Latin America is witnessing a modest CAGR in terms of value in global supercapacitors market because of the strengthening of information technology in this region. The middle East & Africa is at a nascent stage in the global supercapacitors market but is expected to have a healthy CAGR in the forecast period.
Few leading players in supercapacitor market are Nesscap Energy Inc., AVX Corporation, Panasonic Corporation, Cap-XX Limited, Murata Manufacturing Co., Ltd., Maxwell Technologies, Inc., Nippon Chemi-Con Corporation, Mouser Electronics, Inc., and Evans Capacitor Company, Skeleton Technologies and Elna Co. Ltd among others.
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