The global supercapacitor market is expected to experience stable
growth during the forecast period of 2015 to 2023. Supercapacitor,
also known as ultracapacitor, is an electrical component having
greater capacitance and power density than conventional capacitors.
Currently, supercapacitor are increasingly adopted across various
applications such as automotive, elevators, cranes and consumer
electronics among others that require frequent energy charge and
discharge cycle rather than long term energy storage. For the purpose
of our research, the global supercapacitor market is segmented on the
basis of application, product, type and geography. By application the
various category of supercapacitor market includes automotive and
transportation, industrial, energy, consumer electronics and others.
The other segment includes application of supercapacitor in
aerospace, military and sensors technologies. Based on products, the
global supercapacitor market is segmented into double layer
supercapacitor, pseudocapacitors and hybrid capacitors. By type,
supercapacitor market is segmented into supercapacitor module,
weldable cells and board mounted supercapacitor. Moreover, the report
also provides cross sectional analysis of all the above segments
across different countries within North America, Asia Pacific, Europe
and Rest of the World.
Obtain Report Details @
The global supercapacitor market is primarily driven by increasing
demand for supercapacitor across different consumer electronics and
automotive applications in order to provide backup power.
Supercapacitor provides the necessary power backup required for
smooth functioning of the various applications such as video calling,
cameras, wireless communications and GPS navigation used in consumer
electronic devices. Similarly, the other industrial hand-held devices
such as GSM/GPRS and RFID (Radio-frequency identification)
communications, LED flash, thermal printers, bar code scanners and
GPS (Global Positioning System) chips among others can also be
operated more conveniently with the help of supercapacitor for
providing the required power boost. Using supercapacitor in line with
batteries in these electronic devices increases the lifecycle of
conventional batteries by reducing the load of voltage drops. Thus,
battery run-time and operational life can be improved extensively by
using supercapacitor in these electronic devices. Thus, enormous
demand of the highly advanced consumer electronic appliances, in turn
is predicted to drive the market for supercapacitor at exponential
rate in the coming years. In addition, different initiatives by the
government in different parts of the world such as the U.S., Canada,
U.K., Australia, China and Japan to reduce the power consumption and
heat generation is also anticipated to increase the deployment and
usage of supercapacitor globally. Moreover, the ongoing practice to
upgrade the power generation system from renewable sources across the
globe in order to reduce rapid depletion of natural resources is also
anticipated to drive the market of supercapacitor in the coming
years.
However, competition from well-established battery market and lack of
awareness about the huge benefits associated with supercapacitor are
the most important factors that deters the growth of supercapacitor
market and restrict users from adapting supercapacitor technology. In
addition, high initial purchasing cost of supercapacitor coupled with
low adoption is also inhibiting the market growth of supercapacitor.
Currently supercapacitor are facing immense competition from lithium
batteries due to its high price. Despite of these restrictive
factors, the supercapacitor market is forecast to witness substantial
growth during the forecast period of 2015 to 2023.
This report provides the future predictive market growth of the
global supercapacitor market from 2015 to 2023 along with current
market analysis. Detailed study of the global supercapacitor market
across different countries with respect to product, type and
application segment is also highlighted in this report. In addition,
the various micro economic and macro-economic factors that are
anticipated to affect the growth of global supercapacitor market is
also provided in this report.
In 2014, among the different product categories of supercapacitor,
the double layer supercapacitor occupied the largest market share and
accounted for 42.8% market share. However, the hybrid capacitors
segment is anticipated to witness the fastest growing segment. Rapid
growth of the Hybrid Electric Vehicle (HEV) market globally, in order
to reduce carbon emission is one of the major factors responsible for
the exponential growth of hybrid supercapacitor in the coming years.
The market of hybrid supercapacitor is forecast to witness the
fastest growth with a CAGR of 23.5% during the forecast period.
Fill the form for an exclusive sample of this report @
Among the different types of supercapacitor, the board mounted
supercapacitor held the largest market share in 2014 and is also
predicted to be the fastest growing market with a CAGR of 22.7% from
2015 to 2023. Increasing usage of board mounted supercapacitor by
different automotive manufacturers for various applications such as
regenerative breaking and start stop system in order to reduce fuel
consumption is responsible for the robust growth of board mounted
supercapacitor market.
Geographically, Asia Pacific supercapacitor market is predicted to
experience the fastest growth rate with a CAGR of 23.2% from 2015 to
2023. Rapid expansion of production facility in this region owing to
huge capital investment by different companies in this emerging
technology results in sharp fall of price of the supercapacitor. This
reduction in price of supercapacitor coupled with low maintenance
cost is predicted to increase the usage of supercapacitor across
different application segments. This in turn, is expected to boost
the demand for supercapacitor in the coming years.
After considering the various macroeconomic and micro economic
factors, the predicted future growth of the global supercapacitor
market is provided in this report. In addition, detailed analysis of
various factors that are anticipated to affect the demand of
supercapacitor globally, is highlighted in this report.
About Us :
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
No comments:
Post a Comment