Press release
Supercapacitor Market to Rise at CAGR of 22.3% from 2015 to 2023 as Green Revolution Forces Energy Savings
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According to the research report, the global supercapacitor market stood at US$1.2 bn in 2014 and is anticipated to rise at a CAGR of 22.3% from 2015 to 2023 to reach US$7.4 bn by 2023. A supercapacitor has an extremely high capacitance, but works on the same principle as that of a regular capacitor.
The primary growth driver for the global supercapacitor market is the ongoing green revolution to save energy and reduce the usage of fossil fuels. The growth of the global supercapacitor market is also gaining momentum due to the increasing costs of fossil fuels and the hazardous impact of rising carbon emissions, which are forcing several consumer electronics manufacturers and automobile makers to opt for alternative power supplies. The supportive stance of governments across the globe to bring down CO2 emissions by encouraging sustainable energy consumption is also propelling the supercapacitor market.
The global supercapacitor market is segmented on the basis of application, product, type, and geography. The applications of supercapacitor are seen in the automotive and transportation, industrial, energy, consumer electronics, and other sectors. The products in the global supercapacitor market are double layer supercapacitors, pseudocapacitors, and hybrid capacitors. The types of supercapacitors in the overall market are board mounted supercapacitors, supercapacitor modules, and supercapacitor cells. Geographically, this market is segmented into Europe, North America, Asia Pacific, and Rest of the World.
Out of all the products, the double layer segment held a 42.8% share in the global supercapacitor market in 2014. This dominant share was attributable to the increasing demand for improved consumer electronic products with a high power density. Geographically, North America held a dominant 38.8% share in the overall market in 2014 due to high penetration of consumer electronics. However, as this market reaches maturation, the growth of the supercapacitor market in North America is likely to be sluggish in the forecast period.
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Some of the important companies profiled in the global supercapacitor market report are Cap-XX, Maxwell Technologies Inc., Nippon Electrical Co., and Panasonic Electronic Devices Co. Ltd., amongst others. The research report offers a complete analysis of the financial overview, research and development activities, strategic mergers and acquisitions, investment outlook, business and marketing strategies, joint ventures, and product portfolio of these top players for the coming few years. The report also presents a fair case of the competitive landscape of the global supercapacitor market and the regulatory framework governing it.
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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.
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