Acumen research and consulting estimates that global Supercapacitors market is expected to reach the market value of around US$ 4 Bn by 2027 and is anticipated to grow at a CAGR of around 21% in terms of revenue during the forecast period from 2020 to 2027.
The supercapacitors are often called ultracapacitors, a high-capacity condenser of less power than batteries, but more than normal. For greater performance, batteries would possibly be replaced with supercapacitors. In electricity, supercapacitors are used to store energy, which is why the energy stores more energy than batteries, which rely both on chemical reactions and store energy.
The report provides analysis of global Supercapacitors market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Increasing demand for energy storage and high-performing supercapacitors for the industrial and automotive industries and expanded demand for advanced capabilities and a fast deployment of solutions from supercapacitors across various sectors are contributing to the market's growth. With the addition of new capacitors, the innovation in different storage technologies allows the supercapacitors market to expand. The supercapacitors have a long battery life so applications such as notebook computers, GPS and handheld video devices has a stable power supply. Factors such as expensive infrastructure and technical advances, competition among high capacity battery suppliers, impede the development of the supercapacitors industry. On the other hand, the evolution of supercapacitor technologies and increased battery life demand is expected to fuel growth in the market for supercapacitors during the forecast timeframe.
Asia Pacific held significant market share in 2019 and anticipated to govern the market amid the projected time span. China is the main contributor of market in Asia Pacific. Electric vehicles are becoming increasingly popular around the world and China is considered the leading adopter of electric vehicles. China's 13th five-year plan promotes the production of green mobility technologies for developments in the country's mobility market, such as hybrid and electric vehicles. The country is a leading adopter of modern electric car technologies. With the electrification of the transport infrastructure, China spends billions of yuan on the subway, metro and fast transit of a regional high-speed rail network. Shenzhen's development of better buses was also funded by the government. The country earned US$ 150,000 per bus subsidy before 2016, according to the World Capital Center.
On the other hand, smart power meters are used in Japan. The Japanese government has also concentrated on demand control and the energy stability and resilience through intelligent grid and energy conservation technology are becoming more relevant.
The market research study on “Supercapacitors Market (Supercapacitors Market By Type: Double Layer, Hybrid; Supercapacitors Market By Application: Audio Systems, Laptop; Supercapacitors Market By End User: Consumer Electronics, Industrial, Energy & Utilities, Automotive, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global supercapacitors market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global supercapacitors market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The supercapacitors market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Supercapacitors market is segmented as below:
Supercapacitors Market By Type
Supercapacitors Market By Application
Supercapacitors Market By End User
Supercapacitors Market By Geography
Middle East & Africa
Key Players and Market Situation
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 introduction of products as their main approach, followed by collaborations and alliances has been embraced by leading industry players. Supercapacitors saw the big product releases in comparison to high-efficiency and narrower device goods.