According to the latest report by IMARC Group “Supercapacitor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global supercapacitor market reached a value of US$ 3.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 14.3 Billion by 2027, exhibiting a CAGR of 27.5% during 2022-2027.
Supercapacitors, sometimes known as ultracapacitors, are electronic devices that hold large amounts of electrical charge. It is made up of two metal plates that are covered with porous activated carbon and immersed in an electrolyte. Supercapacitors provide various advantages over ordinary batteries, such as providing stable power, remaining operational over a wider temperature range, handling greater fluctuations, and so on. As a result, supercapacitors are used in smartphones, laptops, and other electronic devices that rely on batteries and require quick and consistent charging to function. As a result, supercapacitors are widely employed in a variety of industries, including automotive, transportation, consumer electronics, power and energy, healthcare, and so on.
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.
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One of the primary factors driving the supercapacitor market is the increased need for energy-efficient equipment for solar and wind power systems. Furthermore, the growing use of products in the automobile industry for regenerative braking, short-term energy storage, burst-mode power supply, and other applications is driving market expansion. Supercapacitors are employed in automobiles for smooth charge and discharge cycles, which is another key growth-inducing element. Furthermore, changing customer preferences for electric vehicles (EVs) and hybrid electric vehicles (HEVs) are boosting the global industry. Furthermore, the rising demand for consumer electronics with high or long-lasting battery capacity is expected to drive the supercapacitor market over the estimated period.
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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