New York, NY -- (SBWIRE) -- 08/28/2017 -- Supercapacitor Market:
Supercapacitor Market is projected to witness a compound annual growth rate of 23.85% to reach US$3.635 billion by 2022, from US$1.247 billion in 2017. A supercapacitor is a high-capacity electrochemical capacitor that combines the properties of traditional batteries and capacitor. It is used in applications where rapid charge/discharge time is required rather than long-term energy storage. High power pulse, extended battery life, and lower battery cost for consumers are the major driving factors propelling the growth of Supercapacitor Market. Another factor contributing to the growth of this market is the integration of renewable energy with the supercapacitor.
By application, the automotive segment is expected to grow at a high CAGR. The requirement of meeting environmental and regulatory challenges such as energy conservation and lowering CO2 emissions is driving the demand for supercapacitors in the automotive sector for hybrid automobiles. Product innovation by players is also contributing to the market growth. For instance, Maxwell Technologies offers a line of supercapacitor-based modules that range up to 3000 F.
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Asia Pacific (APAC) region accounted for the largest share in 2016. Moreover, it is also expected to grow at a high CAGR over the projected period. The region is home to major tech companies that mainly operate from rapidly developing economies of China, India, and South Korea. Moreover, factors like rapid industrialization and supportive government regulation such as 100% FDI, free trade agreements, "Make in India" and "Make in China" will also contribute to the market growth.
The global supercapacitor market is highly competitive with the presence of a large number of regional and international players. Moreover, vendors are increasingly investing in research and development in order to enhance their position in the market. New product launches is a key strategy being adopted by key players, along with strategic mergers and acquisitions. The major players discussed in the reports are Skeleton Technologies, Maxwell Technologies Inc., Nesscap CO. LTD., Panasonic Corporation, Nippon Chemi-Con Corporation, Graphene Laboratories, and CAP-XX Ltd. among others.
Supercapacitor market has been segmented by product, type, application, and geography.
Double Layer Supercapacitors
Board Mounted Supercapacitors
Energy and power
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Europe Middle East and Africa
Middle East and Africa
Table of Contents
Global Supercapacitor Market Forecast by Product (US$ billion)
Global Supercapacitor Market Forecast by Type (US$ billion)
Global Supercapacitor Market Forecast by Application (US$ billion)
Global Supercapacitor Market Forecast by Geography (US$ billion)
List of Tables
List of Figures
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