Few leading companies in supercapacitor market are AVX Corporation, Nesscap Energy Inc., Cap-XX Limited, Panasonic Corporation, Maxwell Technologies, Inc., Murata Manufacturing Co., Ltd., Mouser Electronics, Inc., Nippon Chemi-Con Corporation, Skeleton Technologies, Evans Capacitor Company, and Elna Co. Ltd among others. These players are claimed to bolster the supercapacitor market in the years to come.
According to analyst at Zion Market Research, global supercapacitor market was capitulated at almost USD 684.70 Million in 2016 and is likely to cross almost USD 2,096.16 Million in 2022, developing at a CAGR of slightly more than 20.5% from 2017 to 2022.
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Elevated Requirement For Capacitors In Different Industries To Tower The Development Of Supercapacitor In The Years To Come
As per analysts at Zion Market Research, the development of supercapacitor market is attaining speed owing to elevated requirement for capacitors in different industries such as automotive, consumer electronics, industrial, and energy sectors. Increasing carbon emission and rising cost of fossil fuel are propelling the growth of supercapacitor market. Moreover, a green revolution to reduce the usage of fossil fuels and save energy bolsters the growth of supercapacitor market. Moreover, increasing requirement of supercapacitors for electronic products to stabilized power supply in computers, laptops, hand-held device, GPS, and portable media players are some of the reasons fostering the development of global supercapacitor market. On the other hand, factors such as intense competition with the renowned vendors for high capacity batteries and high cost of material are hampering the development of supercapacitor market.
Nevertheless, advanced functions offered by supercapacitor such as the ability to offer backup power to low power gadgets such as RAM, SRAM, PC Cards, and micro-controllers during power shutdown is elevating the growth of supercapacitor market. In addition, new product launch by market players is one more reason behind the development of supercapacitor market. For instance, in June 2017, Panasonic Corporation launched its newly developed Energy Polymer Capacitor that reached energy densities.
Sturdy Development In The Industrial & Automotive Segments To Foster The Growth Of Supercapacitor Market In Forecast Period
Supercapacitor market classification is conducted on the basis of product, type, region, and application. Based on the type, the supercapacitor market is divided as supercapacitor cell, supercapacitor module, and board mounted supercapacitor. Based on product, supercapacitor market is bifurcated into pseudocapacitor, double layer supercapacitor, and a hybrid capacitor. Asia Pacific is the uppermost developing area for supercapacitor market owing to sturdy development in the industrial & automotive segments. One more factor that is fostering the growth of supercapacitor market is the attendance of leading companies in Asia Pacific area. North America is also likely to record possible development growth in supercapacitor market owing to rising application of supercapacitor in user electronic industry.
The global supercapacitor market is segmented as follows:
- Double Layer Supercapacitor
- Hybrid Capacitor
- Automotive and Transportation
- Consumer Electronics
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- Supercapacitor Module
- Supercapacitor Cell
- Board Mounted Supercapacitor
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa