According to the latest report by IMARC Group, titled, “Supercapacitor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2025“, the global supercapacitor market is expected to grow at a CAGR of around 13% during (2021-2026).
A supercapacitor or ultracapacitor is an electronic device that stores a large amount of electrical charge. It comprises of two metal plates coated with porous activated carbon and submerged in an electrolyte, made up of positive and negative ions. While the capacitor is being charged, ions from the electrolyte gather on each carbon-coated plate’s surface, thus storing energy formed between the particles. Supercapacitors provide stabilized power, regulate fluctuations, and have a wider range of operating temperatures than conventional batteries. They are generally used in electronic devices and automobiles that rely on batteries and require rapid charging to function.
Global Supercapacitor Market Trends:
The global supercapacitor market is primarily being driven by the rising application of the device in the renewable energy sector as it is energy-efficient andcompatible with solar and wind power systems. Apart from this, supercapacitors are widely adopted in the automotive industry to facilitate a smooth charge and discharge cycle, which is supporting the market growth. Additionally, the increasing sales of electric vehicles (EVs) and hybrid-electric vehicles (HEVs) are catalyzing the market growth. Moreover, the escalating demand for stabilized power supply in consumer electronic applications, such as computers, portable media players, and handheld devices, is creating a positive outlook for the market. The utility sector is increasingly employing supercapacitors for generator bridging, primary frequency response, and ramping and regulation, which is further propelling the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Supercapacitor Market 2020-2025 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AVX Corporation, Cap-XX Limited (Kyocera), Eaton Corporation PLC, Elna Co. Ltd. (Taiyo Yuden), Ioxus Inc. (XS Power Batteries), Kemet Corporation (Yageo Corporation), LS Mtron Ltd., Nippon Chemi-Con Corporation, Panasonic Corporation, Seiko Instruments Inc., Skeleton Technologies GmbH and Tesla Inc.
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The report has segmented the market on the basis of Product Type, Module Type, Material Type, End User and Region
Market Breakup by Product Type:
Electric Double-Layered Capacitors
Market Breakup by Module Type:
Less than 25V
More than 100V
Market Breakup by Material Type:
Carbon and Metal Oxide
Market Breakup by End Use Industry:
Automotive and Transportation
Power and Energy
Market Breakup by Region:
Middle East and Africa
For more information about this report visit: https://www.imarcgroup.com/supercapacitor-market
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