Market Research Future published a research report on “Super Capacitors Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Synopsis of Global Super Capacitors Market:
The global super capacitors market is expected to reach approximately USD 2.6 billion by the end of 2023 with 21% CAGR during forecast period 2017-2023.
Regionally, Asia-Pacific accounted for the largest market share from countries such China, Japan and Australia among others. The reason is attributed to presence of large number of capacitor vendors and the increasing growth of consumer electronics & automotive industries. However, North-America is expected to grow over the forecast period, 2017-2023. The reason is attributed to growing demand for high-end technology solutions, increasing R&D happening in this region and strict regulation pertaining to environment friendly technologies.
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The global super capacitors market can be bifurcated as type, application, end-users and region. On the basis of type, the market can be segmented as hybrid capacitors, double layer capacitors and pseudo capacitors. Out of these, double layer capacitors accounted for the largest market share majorly due to its applications from portable electronics to medical devices. However, hybrid capacitors is expected to grow over the forecast period, 2017-2023.
The factors contributing to the growth of the super capacitors market are increasing need for energy conservation and high-performance super capacitors for consumer and automotive sectors, growing demand for additional capabilities and high implementation of super capacitors solutions across various sectors. The revolution in various storage technology with the introduction of various capacitors is helping the super capacitors market to grow. The super capacitors has a long life period than other batteries. Therefore, there is an increasing demand for stabilized power supply in applications such as laptop computers, GPS and portable media players among other. However, factors such as high cost related to technological innovations and technical integrations, competition across high capacity battery vendors are hindering the growth of the super capacitors market. Furthermore, evolution of super capacitors solutions and increasing demand for advanced battery life are expected to boost the growth of the super capacitors market over the forecast period, 2017-2023.
Super capacitors can be explained as ultra-capacitors, electric double-layer capacitors and pseudo capacitors which do not have a conventional electric instead they have plates that are filled with two layers of an identical substance. Super capacitor with the combination of battery helps to create an electric battery which is long lasting, more powerful and less expensive than other technologies.
The global super capacitors market is highly competitive. Various established international brands, domestic brands and as well as new entrants form a competitive landscape. The key players are nonstop increasingly seeking its market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. The super capacitors market is highly competitive due to the presence of several large vendors.
- Panasonic Corporation (Japan)
- Maxwell Technologies, Inc. (U.S.)
- Murata Manufacturing Co., Ltd. (Japan)
- CAP-XX Limited (Australia)
- Nesscap Energy Inc. (Canada)
- AVX Corp (U.S.), DuPont (U.S.)
- Axion Power International, Inc. (U.S.)
- Haydale (U.K.)
- Komatsu Ltd. (Japan)
- Toyota Motor Sales, Inc. (U.S.)
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For the purpose of this study, Market Research Future has segmented the market of super capacitors into type, application, end-users and region.
- Hybrid Capacitors
- Double Layer Capacitors
- Pseudo Capacitors
- Audio Systems
- Flash Cameras
- Smoke Detectors
- Power Backup Systems
- Memory Devices
- Electric Vehicles
- Consumer Electronics
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- Device manufacturers
- Network Operators
- Research firms
- Software Developers
- Commercial Banks
- Government Agencies
- End-user sectors
- Technology Investors
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