Supercapacitor Market size worth US$3,010.052 million by 2027
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Supercapacitor Market – which is forecasted from 2020 to 2027”.
The prime factors propelling the growth of the supercapacitor Market are the rising demand for supercapacitors in automotive applications, increased need for renewable power systems, and favourable government policies.
As per the report, the market for Supercapacitor Market is expected to grow at a steady pace.
A supercapacitor is an innovative energy storage device that can provide more power density than batteries and more energy density than traditional capacitors. Solar PV panels and Solar illumination are two potential applications of supercapacitors. The growing demand for supercapacitors in the automotive industry is the main driver supporting the growth of the global supercapacitor market. Supercapacitors are suitable for use in automotive applications because of a variety of factors, including improved power density, longer shelf life, and rapid charging capabilities. Additionally, it is anticipated that during the forecast period, rising government regulations and a rise in demand for renewable energy sources would support market expansion. Governments are introducing policies to boost fuel-efficient and ecofriendly modes of transportation as a response to the long-term rise in gasoline prices around the world. The market for supercapacitors globally is expected to grow significantly over the course of the forecast period as a result of these factors.
The supercapacitor market has been categorized on the basis of type, capacitance, Industry Vertical and geography.
By type, the market has been classified based on Pseudocapacitors, Hybrid Capacitors, and Double Layer Supercapacitors. Due to their wide range of applications, including energy storage, UPS, and electric and hybrid vehicles, the double-layered capacitors segment is estimated to grow in the market.
On the basis of capacitance, the classification has been done into Upto 100F, 100F – 1000F and more than 1000F. 100F supercapacitors have their applicability in Toys, motor drivers, wireless modems, portable terminals and other smaller devices, while high capacitance capacitors are used in intelligent electrical appliances, UPS and other backup purposes.
On the basis of Industry vertical, the classification has been done into Consumer Electronics, Automotive, Energy and Power, Aerospace and Industrial.
During the estimated period, the supercapacitor market is expected to experience more growth in the Asia Pacific region. The expansion of China’s consumer electronics and automotive industries is being fueled by the country’s rapid industrialization and infrastructure improvements, which is likely to boost the demand for supercapacitors there.
As a part of the report, the major players operating in the supercapacitors market, that have been covered are Tokin Corporation, Skeleton Technologies, Maxwell Technologies, Inc. (acquired by Tesla, Inc.), Panasonic Corporation, Eaton, Nippon Chemi-Con Corporation, LS Mtron, NAWATechnologies, CAP-XX, IOXUS Inc.,
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/supercapacitor-market
This analytics report segments the supercapacitors market on the following basis
- By Type
- Hybrid Capacitors
- Double Layer Supercapacitors
- By Capacitance
- Upto 100F
- 100F – 1000F
- More than 1000F
- By Industry Vertical
- Consumer Electronics
- Energy and Power
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
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