Portland, OR -- (SBWIRE) -- 06/08/2018 -- The Global Supercapacitor Market is anticipated to account for $6.3 billion by 2022, growing at a CAGR of 28.7% from 2016 to 2022, according to new report published by Allied Market Research.Electronics segment dominated the market for supercapacitors in 2015. Asia-Pacific led the global market, accounting for a market share of over 35% in the same year.

Supercapacitor is an emerging technology, which is projected to present strong potential for the market growth in the coming years. Although the market is currently facing challenges such as currency fluctuation and limited access to vertical markets in the core product segment, the supercapacitor market shows a decent growth rate

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The supercapacitor market is in its growth stage; however, its contribution to the global market is anticipated to increase significantly in the next few years. Currently, lack of awareness about usage of supercapacitors and high deployment cost are major limitations that restrain the adoption of the supercapacitors. However, consistent efforts in R&D, particularly concerned with hybrid capacitors, equivalent series resistance, cost reduction, electrolyte optimization, and self-discharge are expected to boost the growth of the market.

Automotive segment dominated the supercapacitor market in 2015, followed by energy harvesting. Supercapacitors are used in energy harvesting applications (solar and wind energy) to improve efficiency with reduced maintenance. Wind energy harvesting is the second largest sector, which has encouraged the use of supercapacitors. In electronics application, supercapacitors are majorly used in UPS.

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Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2015, Asia-Pacific generated the highest revenue, and is expected to maintain its dominance. North America is the second leading region in the supercapacitor market.

KEY FINDINGS OF THE SUPERCAPACITOR MARKET

- The 1025 volts modules segment accounted for the largest share, in terms of revenue, and is expected to dominate the market in the forecast period, growing at a CAGR of 29%.

- Above 100 volts modules segment is projected to show highest growth rate, in terms of CAGR.
In 2015, electronics application segment accounted for the major share in the supercapacitor market.

- Asia-Pacific generated the maximum revenue in 2015, followed by North America and Europe.

- North America is anticipated to show highest growth in the forecast period.

The major players profiled in this report are Maxwell Technologies (U.S.), Nippon Chemi-Con Corp. (Japan), Panasonic Corporation (Japan), Ioxus Inc. (U.S.), LS Mtron (South Korea), Nesscap Co. Ltd. (Canada), NEC TOKIN Corporation (Japan), Elna Co. Ltd. (Japan), Seiko Instruments Inc. (Japan), and KORCHIP Corporation (South Korea).

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