The global super capacitor market is growing at a rapid pace. The market growth predominantly attributes to the extensive use of supercapacitors in various applications, including high-powered lasers, wireless telecommunications, and electric vehicle regenerative braking systems. Besides, the huge uptake of these capacitors in rapidly developing end-user industries, such as consumer electronics, energy, and automotive, drives the market.
According to Market Research Future (MRFR), the global Super Capacitor Market is poised to garner exponential value by 2027, registering a staggering CAGR during the assessment period (2020–2027). Increasing applications of supercapacitors in portable electronic medical devices is a major tailwind defining the growing landscape of the market.
Additionally, the increasing demand for energy conservation and consumption of high-performance supercapacitors in the automotive sector bolster the market growth. Augmenting demand for additional capabilities and high implementation of supercapacitors across various sectors positively impact the market size.
Conversely, the high investments required for technological innovations and integrations impede market growth. Also, the fierce competition across high-capacity battery vendors is a significant challenge the market is currently confronting. Nevertheless, the evolution of supercapacitors and increasing demand for advanced battery life would support the market rise throughout the assessment period.
Furthermore, evolving storage technologies and vast product developments substantiate the growth of the market excellently. Also, the increasing demand for stabilized power supply in applications such as laptop computers, GPS, and portable media players provides a massive impetus to the market's growth.
Global Supercapacitors Market – Segmentation
The MRFR analysis is segmented into type, application, end-user, material, and regions. The type segment is sub-segmented into pseudocapacitors, hybrid capacitors, and double-layer capacitors. The material segment is sub-segmented into graphene, activated carbon, carbon aerogel, metal oxides, carbide-derived carbon, electrodes, activated carbon fibers, and others.
The application segment is sub-segmented into solar watch, aircraft, audio system, laptop, and others. The end-user segment is sub-segmented into aerospace defense, consumer electronics, healthcare, automotive, manufacturing, aerospace, defense, and others. The region segment is sub-segmented into North America, Europe, APAC, and the Rest-of-the-World.
The global super capacitors market has been bifurcated as type, application, and end-users.
By the segment of type, the market has included hybrid capacitors, double-layer capacitors and pseudocapacitors. Among these, double-layer capacitors grabbed the largest market share majorly owing to its applications from portable electronics to medical devices.
The segment of application has included cameras, audio systems, flash cameras, laptops, power backup systems, smoke detectors, smoke detectors, buses, memory devices, electric vehicles, aircraft and others.
The segment of end-users has included energy, defence, industrial, consumer electronics, healthcare, automotive and others.
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Asia-Pacific is estimated to be the fastest-growing region. The automotive industry has been mounting rapidly in China, where it is playing an increasingly pivotal role in the automotive market. The Government of China considers its automotive industry, including the auto parts sector as one of the most influential pillar industries. The Central Government of China expects that China’s automobile output may reach 30 million units by 2020 and 35 million units by 2025.
However, North-America is estimated to inflate over the forecast period, 2017-2023. The reason is accredited to the mounting demand for high-end technology, escalating RD happening in this region and strict regulation about environment-friendly technologies.
The top players in the global super capacitors 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.).
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- Super Capacitors Market Segmentation
- Super Capacitors Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
- Financial Data
- Product Landscape
- Strategic Outlook
- SWOT Analysis
- Regional Market Share
- Country Market Share
- Revenue and Sales Forecast
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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