Supercapacitors Market Size Worth Around US$ 4 Bn by 2027
LOS ANGELES, May 18, 2020 /PRNewswire/ -- According to Acumen Research and Consulting, the global supercapacitors market size is expected to be worth around US$ 4 Bn by 2027.
Acumen Research and Consulting, a global provider of market research studies, in a latest published report titled "Supercapacitors Market (By Type: Double Layer, Hybrid; By Application: Audio Systems, Laptop; By End User: Consumer Electronics, Industrial, Energy & Utilities, Automotive, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027".
The global supercapacitors market is anticipated to grow at a CAGR of 21% in terms of revenue during the forecast period 2020 to 2027.
Factors such as increased use of supercapacitors by vehicles, favorable regulatory regulations increasing wind and power energy demand, longer service life and cost savings of supercapacitors, affect the global growth of the supercapacitors industry.
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However, its exposure to the global demand is projected to increase considerably in the coming years. The supercapacitors industry is at its development stage. At present, there are significant drawbacks that prohibit the implementation of supercapacitors due to lack of comprehension about use of supercapacitors and high costs of operation.
The superconnector is widely used in automobiles and electronics owing to its short charging and discharge process. Supercapacitors are brittle and dangerous to use in mobile devices. Awareness of supercapacitors is low in the current electronic sector. It is also very expensive and is therefore not encouraged to install a supercapacitor in vehicles for starti/stop applications. It impedes the development of the supercapacitor market by using the conventional battery.
Segmentation Outlook
The consumer electronics industry is projected to produce significant market sales by 2027 as a result of expanded installation of supercapacitors in leading products used in emerging technologies like cell phones and laptops. In addition, increased use of supercapacity technology is expected to be one of the prominent causes of consumer electronics industry market growth over the forecast period in major Asia Pacific countries such as China and Japan.
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Asia Pacific Govern the Global Market
Asia-Pacific represented, biggest market share led by China and Japan owing to rising consumer electronics and automotive industries sectors. The Government of Japan has also turned its attention to demand control and focusing on energy stability and sustainability by way of intelligent grid and energy conservation technologies. Besides, smart power meters are now used in Japan. The Japanese government has also shifted attention to demand management and focus is placed on energy stability and sustainability through intelligent grid infrastructure and energy conservation.
About the Market
The supercapacitors are electric condensers that have a high density and 1000 times the energy than are contained in an electrolyte condenser. The supercapacitors have a zero resistance such that they can be very easily charged and discharged. Supercapacitors are positioned according to electronic component taxonomy between condensers and batteries. The growing need for supercapacitors in cranes, valve chariots and others is expected to rise in industrial end-use. Supercapacitor consists of electrodes coated with the activated carbon layer to expand its surface, as contrasted with traditional supercapacitors as an electrolyte that serves as the separator or diaphragm. Several more kinds of supercapacitors, pseudocapacitors and integrated condensers have been added through technical advancement. Since its introduction a strong demand for hybrid condensers has been seen in the market due to combined characteristics of a Li-ion battery and a supercapacitor.
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Key Players & Strategies
Participants include major global players such Nippon Chemi-Con Corporation, Panasonic Corporation, Murata Manufacturing Co., Ltd, CAP-XX Ltd., VINATech Co., Ltd, and LS Mtron, Others.
The world market in supercapacitors is very competitive. Diverse foreign labels, regional labels and new entrants shape a dynamic environment. The key players actively aim to grow their business through numerous strategic fusions and acquisitions, creativity and expanded spending in R&D and a cost-effective portfolio of products. Because of the existence of many big suppliers, the super capacitors industry is highly competitive.
Aug 2019-The Supercapacitor module XLR-51 from Eaton expanded to 51.3V (V) and 188F (F) XLR board. It is ideal for rugged applications of challenging conditions like shipping, maritime shipping, storing of grids and handling of materials.
Sept 2018, Maxwell Technologies announced that it will develop a subsystem for grid energy storage with Siemens to provide quick-effect, cost efficient, long-term grid voltage and frequency control solutions.
Market Segmentation
By Type
- Double Layer
- Hybrid
By Application
- Audio Systems
- Laptop
By End User
- Consumer Electronics
- Industrial
- Energy & Utilities
- Automotive
- Other
By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
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Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. Among the industries served include aerospace and defense, information and communication technology (ICT), semiconductor and electronics, healthcare and pharmaceuticals, chemicals, advanced materials, banking, finance services and insurance (BFSI), and others.
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