Global Supercapacitor Market – By Type (Double-layer Capacitor, Pseudo-capacitor, Hybrid-capacitor), End-user Vertical (Consumer Electronics, Industrial, Utilities, Healthcare, Aerospace & Defense, and Transportation), Geography, Trends, Forecast(2017 - 2022)
The global supercapacitor market was valued at USD 649.25 million in 2016 and is expected to reach USD 2023.33 million by 2022, at a CAGR of 21.18% over the forecast period. Owing to the unique features like extended battery life, high-power pulse and high rates of charge and discharge, the supercapacitor market is experiencing growth, globally. Moreover, rising demand for supercapacitor in renewable energy applications is driving the growth of the market. Furthermore, favorable environment safety standards aid the growth of supercapacitors, which are more environment-friendly when compared to their substitute products. Increasing adoption in the transportation segment is expected to escalate the growth of the market during the forecast period.
GROWING DEMAND FOR ENVIRONMENT-FRIENDLY TECHNOLOGIES DRIVING THE MARKET
Rising environmental concerns across the globe impelled major companies to reduce their greenhouse gas emissions, resulting in the emergence of alternative technologies. Moreover, supercapacitors, being the most environmentally-friendly among all the other storage devices, captured the attention of the companies. Furthermore, stringent emission-control regulations are also bolstering the growth of the supercapacitors market, globally. Technological advancements are enhancing the adaptability of capacitors for every possible environment, which is also boosting the market growth.
PSEUDO-CAPACITORS TO DOMINATE THE SUPERCAPACITORS MARKET
Growing demand from the consumer electronics industry is the primary factor behind the pseudo-capacitors’ dominance in the market. Small layered thickness and power optimization are the unique attributes that aid the growth of pseudo-capacitors, globally. Furthermore, their increased usage in heavy-duty products, such as, the laptops, smartphones, and others, is propelling the growth of the pseudo-capacitors segment. Continuous technological advancements, coupled with simple fabrication, which helps to store and use large amounts of power, are anticipated to further drive the market during the forecast period.
NORTH AMERICA ANTICIPATED TO GROW AT A HIGH RATE
Growth in the North American region is attributed to the rising trend of electric car usage in the automotive sector. Moreover, flowing investments by manufacturers in R&D, coupled with funding by the government, are augmenting the growth of the market in the region. The United States is the largest market in North America, owing to the presence of large MNCs, followed by Canada. Furthermore, the growing energy sector in the region is further expected to drive the market over the forecast period.
NEC TOKIN CORPORATION DEVELOPED FMQ TYPE SUPERCAPACITOR
NEC TOKIN Corporation developed FMQ type supercapacitor, which operates at a maximum temperature of 105ºC, the highest temperature among all the other mass-produced electric double-layer capacitors.
The supercapacitors market is fragmented, with key players, such as:
Maxwell Technologies, Inc.
Murata Manufacturing Company Ltd
These players contributed to a major share in the global market, with continuous innovations to meet the changing consumer preferences. Moreover, collaborations, partnerships, and business expansions helped them to further increase their penetration in the market. The key market players have acquired and integrated major strategies of startups, to expand their product portfolio.
OUR REPORT ON THE GLOBAL SUPERCAPACITOR MARKET COVERS THE FOLLOWING -
Market Trends & Dynamics
Latest News & Developments
Porter’s Five Forces Analysis
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook