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Global Super Capacitors Market - 2019-2026
The global Super capacitors market expected to reach Global Super capacitors Market -
Competitive Analysis
• Cap-XX Limited
• Panasonic Corporation
• Nesscap Energy Inc
• Maxwell Technologies Inc.
• Axion Power International Inc. Nippon Chemi-Con Corporation
• Graphene Energy
• Fast CAP Systems Inc.
• Nesscap Energy Inc
Seiko Instruments Inc. 2190 million by 2026, at a CAGR of over 22.1% during the forecast period. The rapid advancements in the electronics sector, coupled with rising demand for high capacity charge storage devices will be driving the market for the super capacitors. Source: Secondary Databases, Primary Interviews and 99-Reports AnalysisMarket Overview The super capacitor, also known as ultra capacitor, differs from a regular capacitor in that it has very high capacitance. A capacitor stores energy through a static charge as opposed to an electrochemical reaction. Applying a voltage differential on the positive and negative plates charges the capacitor. The report covers all the major trends and drivers playing a vital role in the growth ...
... of the global Super capacitors market. The global Super capacitors market has been segmented based on Type, Application, and Region.Market Dynamics The global Super capacitors' market growth is primarily driven by the increasing use of super capacitors in automobiles. Super capacitors are used within vehicles to provide peak load enhancement capability for the power source. They are also being used in regenerative braking systems where they store the energy reclaimed during braking for later use. The super capacitors are also being developed to replace the present lithium-ion batteries as they have advantages over them. The high demand and sales of electric vehicles across the globe will drive the market for the super capacitors in the forecast period. According to International Energy Agency (IEA), in 2017, more than one Billion EVs were sold globally, with countries like Norway, China, and the US dominating the global EVs market in terms of market share.However, the high cost of installations and low awareness of the supercapacitors are the major factors that will hinder the growth of the Supercapacitors market for the forecast period.
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Global Super capacitors Market - Key Segment
By Type
• the global Super capacitors market is segmented into -
• Double Layer Capacitor
• Pseudo Capacitor
• Hybrid Capacitor
By Application
The global Super capacitors market is segmented into-
• Consumer
• Electronics
• Industrial
• Energy
• Medical Electronics
• Transportation
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Double-layer capacitors have the dominant position in the Super capacitors Type segment and are expected to retain its dominance in the forecasted period due to the wide acceptance of double-layer capacitors. The DLC super capacitor utilizes a carbon-based technology that uses an organic electrolyte. This technology is easier to manufacture than the other types, and therefore it has gained wider acceptance. However, the hybrid type has both high power and high energy density. The higher voltage and high energy density mean the battery can achieve higher power and longer operating time suggesting that they could be a competitive alternative to lithium batteries. Hence, the market for hybrid super capacitors will grow with higher CAGR for the forecast period. Consumer Electronics has the dominant share in the Application segment and is expected to retain its dominance in the forecast period. However, the favourable government policies and the rising awareness among the people reducing carbon footprint are expected to drive the market for the electric automotive therefore the market for Transportation will grow heavily in the forecast period. Global Flexible Electronics Market - Geographical Analysis By geography, the global Super capacitors market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).Asia-Pacific holds the largest market share for Super capacitors Market, due to the rising use of capacitors as they are extensively used as power back-up for memory functions in a wide range of consumer products such as mobile phones, laptops and radio tuners. The high demand for electronics like mobile, tablets, and others are also driving for the region in the forecast period. Hence, there is a rise in the production of electronics in countries like India. For instance, according to the Indian Cellular Association (ICA), the annual production of mobile phones within the country has increased from 3 million devices in 2014 to 11 million devices in 2017. India now accounts for 11 percent of global mobile production, which was only 3 percent in 2014.Europe is after Asia-Pacific in terms of market share in the global Super capacitors market, due to rise in the demand for electric vehicles with new advanced power-driven technology such as super capacitors. With the growth in urbanization, rise in the disposable income and the improvement in the infrastructure for electric charging stations and the favourable government policies coupled with the advancement in the technology in the region will be the major drivers for the super capacitors in the region. July 2019 brings healthy growth for passenger plug-in electric cars in Europe. The reason for that is the outstanding expansion of all-electric cars - up by 34% year-over-year to almost 36,000 - by 90% year-over-year to around 24,000 and two-thirds of all plug-in sales. After seven months of this year, more than 285,000 new passenger plug-in electric cars were registered.Global Super capacitors Market - Competitive Analysis Key players are adopting strategies such as investing in R&D, new product launches, and expansion in distribution channels to stand out as strong competitors in the market. Global Super capacitors Market is a fragmented market with the presence of various global and regional players in the market.
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Global Super capacitors Market -
Competitive Analysis
• Cap-XX Limited
• Panasonic Corporation
• Nesscap Energy Inc
• Maxwell Technologies Inc.
• Axion Power International Inc. Nippon Chemi-Con Corporation
• Graphene Energy
• Fast CAP Systems Inc.
• Nesscap Energy Inc
Seiko Instruments Inc. In September 2018, Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of energy storage and power delivery solutions, announced a grid energy storage subsystem design-in with Siemens to deliver economical, fast responding, long life grid voltage and frequency support solutions. This partnership with Siemens is expected to further validate the company’s strategic expansion into grid system products and the market demand for fast-responding, long asset life, ultra capacitor grid energy storage.
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