Supercapacitor Market Estimated To Witness a Phenomenal Growth by 2025
A super-capacitor also called as ultra-capacitor has a high capacity and capacitance as compared to conventional capacitors. It is capable of storing 10 to 100 times more energy per unit volume than electrolytic capacitor. Supercapacitor acts as a bridge between capacitors and rechargeable batteries. It is used for power regulation in batteries. Super-capacitors are used in application where faster charging and discharging is required, owing to its property of low impedance. These applications includes cars, trains, buses, and elevators, where it can be utilized for regenerative braking and storage of energy for short period of time. Other major application is wind turbines in which supercapacitors are responsible for smoothing out the discontinuous power supplied by the wind.
Advancements in consumer electronic technology is major factor driving growth of the global super-capacitor market, owing to increasing adoption of smart, sustainable, and convenient devices. For instance, smartphones and laptops require longer electric power backup, which is fulfilled by super-capacitors. For instance, according to Coherent Market Insights’ analysis, in 2016, around 350 units of mobile devices were sold globally, which accounted for an increase of over 3.7% from 2015. Revenue generated by smartphone devices accounted for over 70% sales of the global mobile devices in 2016.
Request for Sample Copy of this Report :
However, high cost of materials associated with manufacturing of supercapicator is major restrain for growth the global super-capacitor market. For instance, graphene is most commonly used in supercapacitor as electrolytes, which is more expensive than activated carbon and lithium ion batteries.
Asia Pacific market is expected to exhibit the highest CAGR over the forecast period (2017 – 2025). This is due to presence of major key players in this region such as Panasonic Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), and Nesscap Co., Ltd. (China). Rapid technological advancements in automotive sector is expected to boost the market growth. For instance, according to the International Energy Agency’s Global EV Outlook, China was largest market for electric vehicles in 2016, accounting for sell of over 40% of the electric cars worldwide, which includes over 200 million electric two-wheelers and over 300,000 electric buses. Supercapacitors are significantly used in electric and hybrid vehicles for short-term energy storage and brake reforming, which in turn is fueling growth of the market in this region.
Major players operating in the global supercapacitor market include Cap-XX Limited, Panasonic Corporation, Nesscap Energy Inc., Murata Manufacturing Co., Ltd., Maxwell Technologies, Inc., Skeleton Technologies, Axion Power International, Inc., Graphene Laboratories, Inc., Nippon Chemi-Con Corporation, Mouser Electronics, Inc., AVX Corporation, Evans Capacitor Company, and SPEL Technologies Private Limited.
Request for Table of Content of this Report :
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Email: [email protected]
Visit our news Website: http://www.coherentchronicle.com
You may be interested
Plastisols Market Applications, Types and Market Analysis to 2026Alex Mathew - August 14, 2018
Plastisols Market report 2018-2026 focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market share, segmentation,…
Phytonutrients Market Revenue Growth Predicted by 2025Mohit Joshi - August 14, 2018
Phytonutrients Market report provides the statistical analysis of “Phytonutrients Market: Global Industry Analysis, Size, Share, Growth, Trends, Outlook and Forecasts” present in the industry space. The report helps…
Citric Acid Market Headed for Growth and Global Expansion by 2026Mohit Joshi - August 14, 2018
Citric Acid Market report provides the statistical analysis of “Citric Acid Market: Global Industry Analysis, Size, Share, Growth, Trends, Outlook and Forecasts” present in the industry space. The…