Growth Opportunities in the Supercapacitor Market look promising over the next six years. This is mainly due to the rising demand for supercapacitors in energy harvesting applications, followed by its increasing use in aircraft and trains, and accelerating demand for supercapacitors, especially for automotive and consumer electronics applications.
Supercapacitor Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The major factors propelling the growth of the supercapacitor market size include the rising demand for supercapacitor in energy harvesting applications, followed by its increasing use in aircraft and trains. Furthermore, the strong demand for electric vehicles will further pay the way for the growth of the supercapacitor market share in terms of revenue. The supercapacitors can offer power in case of emergency shutdown or act as a backup source to low-power equipment, including SRAM, PC cards, RAM, and micro-controllers. As per the supercapacitor market report, the rising demand for stabilized power supply applications with variable loads, which include computers, hand-held devices, GPS, portable media players, and laptops, will create various new growth opportunities for the market.
According to the supercapacitor market analysis, the accelerating demand for supercapacitors, especially for automotive and consumer electronics applications, is further stimulating the growth of the supercapacitor market. For instance, Samsung Galaxy Note 9 launched a nifty new feature like the S Pen stylus Bluetooth, which can be charged faster by utilizing a supercapacitor. The large organizations of multiple sectors are focusing on executing supercapacitor in several product offerings. One of the EV automakers named Tesla Inc. purchased Maxwell Technologies Inc., in 2019, for around 218 million. Through this acquisition, the organization emphasis capitalizing on numerous opportunities for electric vehicles and added skilled labor in the field of supercapacitors that could boost the car charging speed. Thereby, the increasing automotive sectors, owing to the regular advancements in supercapacitor’s performance which will open doors for the growth of the market. According to the supercapacitor market forecast, the restricted awareness of supercapacitors and the high cost of materials will hinder the growth of the ultracapacitor market during the forecast period.
Product Type Segment Drivers
Based on the Product type, the hybrid capacitor is expected to grow at a higher CAGR in the coming years due to the growing use of hybrid capacitors in multiple types of consumer electronics like laptops, thermal printers, mobile phones, GPS chips, and wearable devices. The major manufactures of hybrid capacitors are suffering from limited raw materials and financial support to manufacturing hybrid capacitors owing to the emergence of the COVID-19 pandemic. However, the market is expected to bounce back in 2021 while rising at a significant rate from 2021.
Supercapacitor Market’s leading Manufacturers:
- CAP-XX
- Nippon Chemi-Con Corporation
- Panasonic Corporation
- Maxwell Technologies, Inc.
- Eaton
- Cornell-Dubilier
- Systematic Power Manufacturing LLC
- NAWATechnologies
Supercapacitor Market Segmentation:
Segmentation by Product:
- Double layer supercapacitor
- Pseudo capacitor
- Hybrid Capacitor
Segmentation by Application:
- Consumer electronics
- Healthcare
- Automobile & Transportation
- Aerospace and Defence
- Industrial & Utilities
- Others
Segmentation by Module Type:
- Less than 10 Volts Modules
- 10-25 Volts Modules
- 25-50 Volts Modules
- 50-100 Volts Modules
- Above 100 Volts Modules
Segmentation by Electrode Material:
- Carbon-based Supercapacitors
- Metal Oxide-based Supercapacitors
- Conducting Polymer-based Supercapacitors
- Composite-based Supercapacitors
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
