Global Supercapacitors Market is valued at USD 771.3 Million in 2018 and expected to reach USD 3156.5 Million by 2025 with the CAGR of 22.3% over the forecast period.
Increasing production of supercapacitor-based vehicles owing to environmental concerns and growing demand for renewable energy solutions is one of the major factors driving the market growth.
Scope of Global Supercapacitors Market Report-
Supercapacitors are a high-capacity electromechanical capacitor which stores 10100 times the power stored in a normal electrolytic capacitor, and it shows zero resistance so it can charge and discharge very quickly. Supercapacitors are placed in amongst capacitors and batteries according to electronic component taxonomy. A super capacitor or an ultra-capacitor, is a high-capacity electrochemical capacitor with capacitance values as large as thousand farads. Super capacitors syndicate the properties of traditional batteries and capacitor in a single module. Super capacitors find its usage in tenders requiring rapid charge/discharge time rather than long term energy storage. They are used for reformative braking, burst-mode power delivery or short-term energy storage within trains, cars, buses, elevators and hybrid electric vehicles (HEV). Smaller units of super capacitors are utilized as memory backup for static random-access memory (SRAM). Moreover, super capacitors are also used in applications concerning solar power, batteries, battery back-up, and flash-lights.
Key Players of Global Supercapacitors Market Report-
Global Supercapacitors market report covers prominent players like LS Mtron Ltd., Nesscap Co., Ltd., NEC TOKIN Corporation, Elna Co. Ltd, Seiko Instruments Inc., Maxwell Technologies, Nippon Chemi-Con Corp., Panasonic Corporation, Ioxus Inc., KORCHIP Corporation and others.
Global Supercapacitors Market report is segmented based on product type, application, module type and region & country level. Based upon product type, supercapacitors market is classified into double layer supercapacitor, pseudo capacitor and hybrid capacitor. Based upon application, the market is classified into consumer electronics, healthcare, automobile & transportation, aerospace and defense, industrial & utilities and others. Based upon module type, supercapacitors market is classified into less than 10 volts modules, 10-25 volts modules, 25-50 volts modules, 50-100 volts modules and above 100 volts modules.
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Global Supercapacitors Market Segmentation:–
By Product Type:
Double layer supercapacitor, Pseudo capacitor, Hybrid Capacitor
Consumer electronics, Healthcare, Automobile & Transportation, Aerospace and Defence, Industrial & Utilities, Others
By Module Type:
Less than 10 Volts Modules, 10-25 Volts Modules, 25-50 Volts Modules, 50-100 Volts Modules, Above 100 Volts Modules
The regions covered in this supercapacitors market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of supercapacitors is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global Supercapacitors Market Dynamics –
Rise in production of electrical vehicles, growth in portable electronics, and superior properties of supercapacitors, such as high energy density, long lifecycles, and power stabilization, as compare to conventional power storage devices are some of the major factors expected to drive the growth of this market. Additionally, increasing cost of fossil fuels and the hazardous impact of rising carbon emissions are forcing several consumer electronics and automobile makers to choose for alternative power supplies. According to IEA, electric car deployment has been growing rapidly over the past ten years, with the global stock of electric passenger cars passing 5 million in 2018, an increase of 63% from the previous year. Near around 45% of electric cars on the road in 2018 were in China, a total of 2.3 million compared to 39% in 2017. In contrast, Europe accounted for 24% of the global fleet, and the United States 22%. However, high cost of capacitors, customer traditionalism and high level competition from the established high capacity batteries vendors may hinder the growth of global super capacitor market. In spite of that, rising demand of supercapacitor in developing countries for the automotive sector can create growth opportunities for the further growth of this market.
Global Supercapacitors Market Regional Analysis–
North America is expected to dominate the global supercapacitors market due to transition to sustainable technologies, such as electric vehicle adoption, and the growing investment in renewable energy in the U.S. and Canada. According to the U.S. Energy Storage Monitor Utility, scale energy storage is an emerging, but rapidly growing market and is expected to reach over USD 1 billion by 2020, in the United States alone; hence, offering a huge market to target for supercapacitors.
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