Global Electric Double-layer Capacitor (EDLC) Market 2017-2021
About Electric Double-layer Capacitor (EDLC)
Electric double-layer capacitors (EDLCs) are energy storage devices that have higher capacitance than other capacitors or batteries. Compared with batteries, these devices have higher power capacity, longer life cycle, and faster charging options. Instead of conventional dielectrics, EDLCs have two plates that are separated by electrolytes. These plates are layers of the same substrate. The electrical properties of these plates help to separate the charge effectively, which even highly thin physical layers cannot do. The absence of heavy dielectric materials in EDLCs eases the packaging with a larger surface area resulting in high capacitance. EDLCs can generate capacitance values in farads instead of microfarads and picofarads, which are the measurement units for capacitance.
Technavio’s analysts forecast the global electric double-layer capacitor (EDLC) market to grow at a CAGR of 9.37% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global electric double-layer capacitor (EDLC) market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of supercapacitors across various applications globally.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Electric Double-Layer Capacitor (EDLC) Market 2017-2021
Technavio recognizes the following companies as the key players in the global electric double-layer capacitor (EDLC) market: Maxwell Technologies, Murata Manufacturing, Nesscap Energy, NEC TOKIN, Nippon Chemi-Con, Panasonic, and Skeleton Technologies
Other Prominent Vendors in the market are: APowerCap Technologies, Axion Power, batScap, Cellergy, CAP-XX, EEStor, Enable IPC, Evans Capacitor, EPCOS, ELNA, IOXUS, LS Mtron, Nichicon, Supreme Power Solutions, Tecate, VINATech, and Yunasko.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing adoption of graphene and carbon nanotube EDLCs. The EDLCs available in the market are highly expensive and have limited scalability. To overcome these limitations, companies are focusing on manufacturing EDLCs based on carbon nanotubes and graphene. EDLCs that are constructed by combining nanotubes and graphene can store a large amount of energy. This energy can be released quickly to create a power surge. These EDLCs will provide enhanced performance in several applications, including consumer electronics and electric vehicles.”
According to the report, one of the major drivers for this market is Long life cycle. EDLCs are reliable and have a longer life cycle than other capacitors and normal batteries. Matsushita (Panasonic) commercialized double-layer carbon EDLCs in 1972. These EDLCs were field-tested, and it was ensured that they have a continuous long-term operation ability. This acts as an excellent selling point when EDLCs are used to replace the total or partial function of a battery.
Further, the report states that one of the major factors hindering the growth of this market is High initial expense. The high initial cost is the biggest challenge to the large-scale adoption and commercialization of EDLCs. The cost of an EDLC for electric car ranges from $2,400 to $6,000 while batteries for electric cars cost between $500 and $1,000. With the increasing investment in R&D, the price of EDLC is expected to decline in the coming years. Consumers are hesitant to adopt EDLCs as the market has very few suppliers and EDLCs have not been tested in most applications.
Maxwell Technologies, Murata Manufacturing, Nesscap Energy, NEC TOKIN, Nippon Chemi-Con, Panasonic, and Skeleton Technologies, APowerCap Technologies, Axion Power, batScap, Cellergy, CAP-XX, EEStor, Enable IPC, Evans Capacitor, EPCOS, ELNA, IOXUS, LS Mtron, Nichicon, Supreme Power Solutions, Tecate, VINATech, and Yunasko.
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