Super Capacitors Market Overview
The supercapacitor market is growing due to increasing demand for energy-efficient and high-performance electronic devices. The market is driven by the growing use of supercapacitors in applications such as renewable energy systems, transportation, and consumer electronics. Additionally, advancements in technology and the increasing focus on sustainability are expected to further drive the growth of the supercapacitor market in the coming years.
The super capacitors market has been reaching tremendous heights over the past couple of years, and by 2023, the market is anticipated to attain a value of 2.6 billion USD. Due to the rising demands, the market is estimated to have a CAGR of 21% during the forecast period from 2017 to 2023.
Super capacitors have various names like electric double-layer capacitors, ultra-capacitors, and pseudo capacitors, which, when combined with batteries, act as long-lasting electric batteries. They have no conventional electricity but contain plates including two layers of the same substance. Due to its easy charge and discharge cycle, it is utilized for on and off operation, eventually boosting the expansion of super capacitors market size. The increase in usage of super capacitors in the utility factor is for ramping, bridging, and regulation favoring the market's growth.
As per the super capacitors market analysis, these capacitors are largely used in automotive applications, eventually propelling the market potential. Battery longevity and longer shelf life features are driving the market growth to a completely new level. The usage of super capacitors in aircraft and trains is also surging the market demands. Super capacitors are used in wind and solar energy applications, which contributes to the betterment of the industry.
The super capacitor market forecast report provides in-depth insights into the market growth. It mentions different market segments and elaborates the regional analysis of the market. It also includes industry-related news. Due to the heavy demand, the super capacitors market size will increase to optimum levels in the forecast period.
Key Players
The top players in the global supercapacitors market include Maxwell Technologies, Inc. (U.S.), Panasonic Corporation (Japan), CAP-XX Limited (Australia), Murata Manufacturing Co., Ltd. (Japan), AVX Corp (U.S.), Nesscap Energy Inc. (Canada), Axion Power International, Inc. (U.S.), DuPont (U.S.), Komatsu Ltd. (Japan), Haydale (U.K.), and Toyota Motor Sales, Inc. (U.S.).
Super Capacitors Market Segmentation
The global super capacitors market is bifurcated based on application, type, and end-users.
- By application, the market is classified into cameras, audio systems, laptops, smoke detectors, flash cameras, memory devices, buses, power backup systems, aircraft, and others.
- By type, the market is fragmented into double-layer capacitors, hybrid capacitors, pseudo capacitors, and many more.
- By end-users, the market is segmented into consumer electronics, energy, industrial, healthcare, defense, healthcare, etc.
Super Capacitors Market Regional Analysis
The super capacitors market analysis is done in several areas such as North America, Asia-Pacific, Europe, and the remaining parts of the world. The Asia-Pacific region has the largest super capacitors market size due to the rise in the automotive industry and the electronic sector in India and China. In Asia-Pacific, super capacitors have huge demand due to smart irrigation technology. The rapid industrialization and the rise in infrastructure development are driving the market potential in that region.
North America will account for the second-largest market share, and the region will have maximum growth due to super capacitor import-export demand and automotive industries growth. Europe is expected to have a significant rise in the upcoming years.
Industry News
In 2021, Grapheton Inc., the partner of US Nuclear, has created next-gen super capacitors through special glassy carbon material, which could be utilized in charging electric vehicle systems.
In 2021, a leading electronic component manufacturer AVX Corporation launched a new series of super capacitors for providing peak performance in battery-powered products.
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