Global Ultracapacitor Market 2015-2019
Global market outlook for ultracapacitors
Technavios market research analysts predict the global ultracapacitor market to reach a CAGR of over 20% during the period 2015 to 2019. Power utility segment mainly drives the growth of this market.
It is supported by the growing demand for ultracapacitors across many customer segments such as consumer electronics, power utilities, and transportation. Ultracapacitor vendors cater to industries that require heavy power supplies and help reduce their dependence on fossil fuels.
What are ultracapacitors and how it is useful
The ultracapacitor is an energy storing device. It is electro-chemical in nature and has a relatively high energy density as compared to other capacitors or batteries. This device exhibits a higher power capacity, improved lifecycle, and faster charging capability. An ultracapacitor is also known as electrical double-layer capacitor (EDLC). It does not possess a conventional dielectric, and instead carries two plates separated by an electrolyte.
Ultracapacitors offer significant advantages over regular batteries. As a result, segments that look for instant, reliable, and constant power supply are using this technology. The traditional lead-acid batteries lack capabilities need for rapid and deep-cycle power demands.
Market segmentation of global ultracapacitors market by applications
The use of regenerative braking systems is expected to propel the adoption of ultracapacitors in automobiles during the forecast period. Ultracapacitors are set to play a key role in future vehicles, to absorb kinetic energy from the vehicle while using it for propulsion later. The demand for ultracapacitors is expected to increase further as more prominent automobile companies start adopting this technology.
Key vendor analysis of the leading vendors of the global ultra-capacitor market
Other key vendors include YUNASKO, Elna, CAP-XX, Ioxus Inc, Supreme Power Solutions, Nichicon, VINATech, APowerCap, Axion Power, BatScap, Cellergy Ltd, EEStor, Enable IPC, EPCOS, LS Mtron, Evans Capacitor, and Tecate.
The global ultracapacitor market is moderately fragmented with a handful of vendors in the market. The market is still in its infancy. The adoption of this technology is largely restricted to developed regions such as Western Europe and North America and the developed regions of Asia such as Japan, South Korea, and China. Vendors have started offering devices based on non-toxic electrolytes, which make these devices non-flammable. Some other vendors are also using organic electrolytes and solid electrolytes to make them resistant to heat and fire.
Key questions answered in the report
What are the key factors driving the global ultracapacitors
What are the key market trends impacting the growth of the global ultracapacitors market
What are the various opportunities and threats faced by the vendors in the global structural electronics market
Key outcome of the five forces analysis on the global ultracapacitors market
Growth forecast of the global ultracapacitors market until 2019
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Technavio Announces the Publication of its Research Report Global Ultra Capacitor Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Ultra Capacitor Market: Maxwell Technologies, NEC Tokin, NessCap, Nippon Chemi-Con, Panasonic and Skeleton Technologies
Other Prominent Vendors in the market are: YUNASKO, Elna, CAP-XX, Ioxus Inc, Supreme Power Solutions, Nichicon, VINATech, APowerCap, Axion Power, BatScap, Cellergy Ltd, EEStor, Enable IPC, EPCOS, LS Mtron, Evans Capacitor, and Tecate.
Commenting on the report, an analyst from Technavios team said: Fibre-based ultracapacitors are used to power wearable electric devices and other small electronics. They are expected to have the largest storage capacity because of their carbon-based capacitors, which produce 6.3 microwatt hours per cubic millimetre. The fibre-based material is highly conductive and offers access to a large surface area, which will to boost the energy storing capabilities of capacitors. Like all capacitors, this flexible ultracapacitor can charge and release energy much faster than batteries.
According to the report, the increasing demand for UPS has created demand for devices able to store power. Ultracapacitors can also work as electric energy storage devices and support heavy applications during peak consumption. The demand for uninterrupted power supplies for long hours is increasing across segments such as the automotive, industrial applications, consumer electronics, and energy storage sectors.
Further, the report states that the high initial cost of ultracapacitors is the biggest hindrance to their large-scale adoption and commercialization.
Maxwell Technologies, NEC Tokin, NessCap, Nippon Chemi-Con, Panasonic, Skeleton Technologies, YUNASKO, Elna, CAP-XX, Ioxus Inc, Supreme Power Solutions, Nichicon, VINATech, APowerCap, Axion Power, BatScap, Cellergy Ltd, EEStor, Enable IPC, EPCOS, LS Mtron, Evans Capacitor, Tecate.