- The global Super Capacitors Market is expected to reach approximately $2.6 billion by the end of 2023 with 21% CAGR during forecast period 2018-2023.
- Factors such as high cost related to technological innovations and technical integrations, as well as competition across high capacity battery vendors are hindering growth of the Super Capacitors Market.
- A super capacitor, in combination with a battery, helps to create an electric battery which is long lasting, more powerful and less expensive than other technologies.
Factors contributing to the growth of the Super Capacitors Market are increasing needs 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 technologies with the introduction of various capacitors is helping the Super Capacitors Market grow. Super capacitors have a longer 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 others. Furthermore, evolution of super capacitor solutions and increasing demand for advanced battery life are expected to boost the growth of the Super Capacitors Market over the forecast period, 2018-2023.
However, factors such as high cost related to technological innovations and technical
integrations, as well as competition across high capacity battery vendors are hindering growth of the Super Capacitors Market.
Regionally, Asia-Pacific accounted for the largest market share from countries such China, Japan and Australia among others. The reason is attributed to the 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 in this region and strict regulation pertaining to environment-friendly technologies.
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 diverse applications from portable electronics to medical devices. However, hybrid capacitors also is expected to grow over the forecast period, 2018-2023.
Super capacitors can be explained as ultra-capacitors, electric double-layer capacitors and pseudo capacitors which do not have a conventional electric flow. Instead, they have plates that are filled with two layers of an identical substance. A super capacitor, in combination with a battery, helps to create an electric battery which is long lasting, more powerful and less expensive than other technologies.
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The global Super Capacitors Market is expected to reach approximately $2.6 billion by the end of 2023 with 21% CAGR during forecast period 2018-2023.
The Super Capacitors Market is highly competitive due to the presence of several large vendors. Various established international brands, domestic brands, as well as new entrants form a competitive landscape. Key players are relentlessly pursuing market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolios.
The key players in the global Super Capacitors Research Report include- 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) and Toyota Motor Sales Inc. (U.S.) among others.
For the purpose of this study, Market Research Future has segmented the Super Capacitors Market into type, application, end-users and region: Type- Hybrid Capacitors, Double Layer Capacitors, Pseudo Capacitors and Others. Application-Audio Systems, Cameras, Laptops, Flash Cameras, Smoke Detectors, Power Backup Systems, Memory Devices, Buses, Aircraft, Electric Vehicles and Others. End-users- Energy, Consumer Electronics, Industrial, Automotive, Healthcare, Defense and Others
Regional analysis is bifurcated into these regions: North-America, Europe, Asia-Pacific and RoW.