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Supercapacitor Market Is Projected to Witness a Compound Annual Growth Rate of 23.85% to Reach US $3.635 Billion by 2022

 

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

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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By Geography

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.

Competitive Insight

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.

Segmentation

Supercapacitor market has been segmented by product, type, application, and geography.

By Product

Pseudocapacitors
Hybrid Capacitors
Double Layer Supercapacitors

By Type

Weldable Cell
Supercapacitors Module
Board Mounted Supercapacitors

By Application

Manufacturing
Automotive
Consumer Electronics
Energy and power
Others

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By Geography

Americas
North America
S.
Canada
Mexico
Others

South America
Brazil
Argentina
Others

Europe Middle East and Africa
Europe
UK
Germany
France
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
Japan
China
India
Australia
Others

Table of Contents

Introduction
Research Methodology
Executive Summary
Market Dynamics
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)
Competitive Intelligence
Company Profiles
List of Tables

List of Figures

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