Supercapacitor Market - Global Industry Analysis, Trend, Size, Share and Forecast 2017 - 2023
Albany, NY -- (SBWIRE) -- 05/17/2018 -- The global supercapacitors market demonstrates a high level of fragmentation, finds Transparency Market Research (TMR) in a new research report. A few of the leading players, such as Ioxus, Maxwell, Nesscap, Panasonic, Nippon, and LS Mtron, have more than 10% share in the overall market, while others possess rather small shares. With the rising number of players entering the market to match the demand for supercapacitors, some of the dominant companies, such as Maxwell, are witnessing a decline in their market share, which, as a result, is anticipated to intensify the competition among the players in the years to come.
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The augmenting demand for alternative power supply in a number of end users, such as the automotive and the industrial sectors, owing to the depleting resources of conventional fuels, is boosting the need for supercapacitors, substantially. In the automotive industry, supercapacitors is extensively utilized into regenerative braking, door-lock systems, and auto start-stop.
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Apart from this, the rising awareness among customers regarding the advantages of supercapacitors, such as lower replacement cost and longer lifecycle, is leading to an increased uptake of supercapacitors over batteries, which, in turn, will reflect positively on the growth of the global supercapacitor market over the next few years. However, the high initial price of supercapacitors may limit their usage, especially in low-value applications, in the years to come,