Hybrid capacitors are combination of a supercapacitor and a
conventional lithium ion battery. A hybrid capacitor uses electrodes
with different characteristics. One electrode exhibits electrostatic
capacitance, while the other has electrochemical capacitance. Owing
to its high energy density and high power density, a hybrid capacitor
is suitable for both applications which require high energy storage
and pulse power such as navy radar planes. In addition, hybrid
capacitor are capable of operating in extreme temperatures, ranging
from -55°C to +200°C. Moreover, hybrid capacitor has a very good
frequency response of about 5kHz and are smaller in size as compared
to aluminum electrolytic capacitors. Thus, due to the huge benefits
associated with hybrid capacitor it is increasingly adopted across
various application segments especially in automotive, energy
generation, military and defense sector among others.
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In order to provide an exhaustive and detailed analysis of the
market, the global hybrid capacitor market has been segmented on the
basis of architecture and end user. Based on the architecture, the
global hybrid capacitor market has been classified into hybrid
capacitor module and board mounted hybrid capacitor. In addition,
application of hybrid capacitor across various end user segments
including automotive and transportation sector, power generation and
distribution sector and consumer electronics segment among others is
also highlighted in this report. Moreover, information related to
current market trend along with future expected growth trend of all
the above mentioned architecture and end user segment across
different regions including Europe, North America, Asia Pacific,
Middle-East and Africa (MEA) and Latin America is also provided in
this report.
Increasing demand of hybrid capacitor from automotive and renewable
energy generation and distribution sector is one of the most
important factor anticipated to boost the demand of hybrid capacitor
during the forecast period from 2017 to 2025. Use of hybrid capacitor
in buses, long-haul trucks, fleet vehicles, trains, and metros among
other vehicles can reduce fuel consumption and eliminates carbon
emissions in these vehicles. Adoption of hybrid capacitor in several
automotive applications such as auto start-stop, door-lock systems,
power assist, regenerative braking, catalyst preheating and
stabilization of electrical system is expected to raise the demand of
hybrid capacitor globally. In addition, wind and electric grid sector
also holds huge demand potential in the near future. Hybrid capacitor
can be better utilized in wind industry for short bursts of heavy
force exertion necessary to alter blade pitch. Furthermore, they can
help electric grids to run closer to its full capacity which has been
earlier using only 90% of their capacity. Batteries had been used in
wind industry since decades. However, hybrid capacitor are used as a
compliment to batteries currently, because they have high intensity
and longer life cycle as compared to conventional batteries.
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Among the different architecture, hybrid capacitor module held the
largest market share in 2016 and is anticipated to maintain its
dominating position throughout the forecast period from 2017 to 2025.
Hybrid capacitor module are most widely used across various
applications such as hybrid vehicle, rail, heavy industrial equipment
and UPS system among others which require high power density, active
cell balancing and temperature control output. Increasing demand of
these application segment globally is expected to drive the market of
hybrid capacitor module at an exponential rate during the forecast
period.
Geographically, North America being the pioneer in adoption of hybrid
capacitor across various application segments held the largest market
share in 2016 and is expected to maintain its leading position in the
coming years also. On the flip side, Asia Pacific region is predicted
to witness the fastest growth in the coming years owing to rapid
expansion of production facility in this region due to huge capital
investment by different companies and government in this emerging
technology results a sharp fall in the price of hybrid capacitor.
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