Super Capacitors Market Analysis, Size, Share, Growth and Trends by Forecast to 2022
Super capacitor Market Highlights
In this rapidly changing environment, demand for power backup for low power equipments such as RAM, SRAM, and microcontrollers is ever increasing. This is driving the super capacitor market. Innovation is a key driver of Super Capacitor Market. The market trend indicates that hybrid electric vehicles (HEV), smart grids, and renewable energy systems are increasing. Observing the current trend and sales the study indicates a sudden hike in super capacitor market.
The study indicates that increasing costs of fossil fuels and the dangerous impact of rising carbon emissions are compelling several consumer electronics manufacturers and automobile makers to adopt new alternative power supplies which is responsible for growth the super capacitor market by the forecast period. The super capacitor has many benefits as on-hand charge methods, low impedance, cost effective storage and others which boosts the market. Whereas the higher costs of the material used for super capacitors and low density are restraining factors for the super capacitor market.
The Super capacitor Market is growing rapidly over 22% of CAGR and is expected to reach at USD ~4 billion by the end of forecast period.
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Competitive Landscape
The global super capacitor market comprises a host of key players. This includes players like Angstron Materials (U.S.), CAP-XX (Australia), Graphenex (UK), Panasonic Corporation (Japan), Ioxus (U.S.), Murata Manufacturing Co., Ltd. (Japan), Maxwell Technologies, Inc. (U.S.), Nesscap Energy Inc. (Canada), LS Ultracapacitor (South Korea), Vina Technology (South Korea), and others.
Market Segmentation
The global super capacitor market has been segmented in terms of type, material, end-user, and application.
By type, the market includes Pseudo capacitor, Double layer capacitor, and Hybrid capacitor. The double layer capacitor segment is anticipated to be the dominant of the mentioned lot in the global market over the forecast period. The segment holds the highest share at present and is likely to remain the same in the coming years as per MRFR.
By material, the market segments into Graphene, Activated carbon, Electrodes, Carbon aerogel, Carbide-derived carbon, Metal oxides, Activated carbon fibers, and others.
By end-user, the market branches down into Manufacturing, Consumer Electronics, Aerospace & Defense, Automotive, Healthcare, and others. The consumer electronics segment stands with the highest share percentage in the global super capacitor market. However, the automotive segment is forecasted to be the fastest growing end-user industry in the forthcoming years.
By application, the market comprises Solar Watch, Audio system, Aircraft, Laptop, Camera, and others.
Regional Analysis
The global super capacitor market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).
The study over the global super capacitor market reveals that the Asia Pacific region holds the dominant hand in the standings in terms of share and size. Countries like Singapore, China, Australia, South Korea, and Japan are contributing immensely to the fast-paced growth of the Asia Pacific regional market. The proliferation of the market in these countries is due to the increasing installation of energy storage systems herein, an increasing penetration of high-tech devices, introduction to hybrid transportation, and many more. The regional analysis states that the Asia Pacific region is expected to continue its dominance in the coming years as well by growing with the fastest CAGR.
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Intended Audience
- System Integrators
- Super capacitor Panel Technicians and Technologist
- Network equipment vendors
- OEMs
- Super capacitor vendors
- Network infrastructure integrators
- Government Organizations
- Research/Consultancy firms
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