Supercapacitor Market – Snapshot
According to a new market report published by Transparency Market Research titled “Supercapacitors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global supercapacitors market is expected to reach US$ 5.979.67 Mn by 2026. The market is projected to expand at a CAGR of 15.24% during the forecast period from 2018 to 2026. According to the report, the global supercapacitors market will continue to be influenced by a range of factors such as environment regulations in regions such as North America, Europe, and Asia Pacific. Additionally, longer life cycle as compared to batteries and decreasing price of supercapacitors is projected to boost the global supercapacitors market during the forecast period 2018-2026. Asia Pacific will be at the forefront of growth, with the market in the region growing at above 17% through 2026.
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Consumer electronics sector expected to be more lucrative for the global supercapacitors market:
The global supercapacitors market is bifurcated by end-use industry into automotive, industrial, energy, consumer electronics, and others. The others segment covers aerospace, military and sensor technology. Consumer electronics sector is expected to contribute significant revenues to the market by 2026 due to the increased implementation of supercapacitors technology in prominent devices used in consumer technologies such as mobiles and laptops. Furthermore, the increasing adoption of supercapacitors technology in consumer industry in major Asia Pacific countries such as China and Japan is expected to be one of the prominent reasons for market growth in consumer electronics industry over the forecast period. Furthermore, growing adoption of supercapacitors in the energy industry is anticipated to see a boost owing to the growing need to maintain high energy.
Double layer supercapacitors are expected to have significant share in the supercapacitors market
Based on product type, the supercapacitors market is segmented into double layer supercapacitors, pseudocapacitors, and hybrid capacitors. Growth of the double layered supercapacitors is anticipated to be high due to the significant cost effectiveness provided by double layered supercapacitor. Significant adoption of double layered capacitors in major industries including consumer electronics and automotive are boosting the growth of double layered capacitors. Additionally, leading companies are focused on introducing enhanced EDLC (electric double layer capacitor) solutions. In May 2018, Panasonic Corporation launched the LF series of electric double layer capacitors with a significant focus on lifetime hours and low resistance. However, due to the significant temperature range, power, and energy capacity provided by hybrid capacitors, it is expected to expand at a higher CAGR value over the forecast period 2018-2026.
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Asia Pacific to continue to grow at a significant CAGR over the forecast period
Asia Pacific is expected to hold substantial share of the supercapacitors market during the forecast period. The growth is mainly due to the booming supercapacitors marketplace with the presence of well-established players across the region. Furthermore, Asia Pacific is home to many well-established players from the supercapacitors domain including Panasonic Corporation, Nippon Chemi-Con Corporation, Murata Manufacturing Co., Ltd, VINATech Co., Ltd, and LS Mtron.
Maxwell Technologies Inc., Panasonic Corporation, Ioxus Inc. Nippon Chemi-Con Corporation, Murata Manufacturing Co., Ltd, and LS Mtron among others are some of the major players in the supercapacitors market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling. Various market players are establishing partnerships, entering into strategic M&A, and expanding to enhance their supercapacitors offerings worldwide.
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