Supercapacitor Market Trends, Drivers, Growth Opportunities, Challenges, and Investment Opportunities
According to the latest report by IMARC Group, The global supercapacitor market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 13% during the forecast period (2021-2026).
A supercapacitor, also known as ultracapacitor, stands for an electronic device for storing large amounts of electrical charge. It comprises of two metal plates covered with porous activated carbon and is involved in an electrolyte, dissolved in a solvent consisting of positive and negative ions. Supercapacitors deliver stabilized power, handle more fluctuations, discharge cycles, and have wide-ranging operating temperatures compared to the traditionally-used batteries. As a result, they are mainly used in smartphones, laptops, electronic devices, automobiles, etc. that function on batteries and require rapid charging.
The expanding energy generation sector, coupled with the increasing requirement for energy-efficient equipment for solar and wind power systems, is primarily driving the global supercapacitors market. Moreover, supercapacitors are utilized in automobiles for a smooth charge/discharge cycle used for on/off switching in the vehicle. Besides this, the shift in consumer's preferences for electric and hybrid electric (HEV) vehicles is also augmenting the market growth. Additionally, the widespread adoption of supercapacitors across the utility sector is acting as another growth-inducing factor. They are commonly deployed for generator bridging, ramping, regulation, primary frequency response, and voltage sag mitigation in microgrid monitoring and stabilization. In the coming years, the growing demand for consumer electronics with high battery requirements is further expected to propel the market for supercapacitors.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Supercapacitor Market Coverage and Segmentation 2021-2026:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- AVX Corporation
- Cap-XX Limited (Kyocera)
- Eaton Corporation PLC
- Elna Co. Ltd. (Taiyo Yuden)
- Ioxus Inc. (XS Power Batteries)
- Kemet Corporation (Yageo Corporation)
- LS Mtron Ltd.
- Nippon Chemi-Con Corporation
- Panasonic Corporation
- Seiko Instruments Inc.
- Skeleton Technologies GmbH
- Tesla Inc.
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Product Type:
- Electric Double-Layered Capacitors
- Hybrid Capacitors
Breakup by Module Type:
- Less than 25V
- More than 100V
Breakup by Material Type:
- Carbon and Metal Oxide
- Conducting Polymer
- Composite Materials
Breakup by End Use Industry:
- Automotive and Transportation
- Consumer Electronics
- Power and Energy
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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