Global Supercapacitors Market to Witness Rising Demand from Automotive and Industrial Sectors

The global supercapacitor market exhibits a high level of fragmentation on account of the presence of several companies, finds a new study. The study is titled “Supercapacitor Market - Global Industry Analysis, Trend, Size, Share and Forecast 2017 – 2023,” and is available for sale on MarketResearchReports.biz. The report offers a comprehensive overview of various factors driving the global supercapacitor market. It is intended to enable the market players get a holistic idea about prevailing trends. Besides this, the report also gauges the investment feasibility of the supercapacitor market for potential investors.

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Some of the most prominent companies together hold a meager share in the global supercapacitor market. In the coming years, the market is expected to witness influx of new players, which result in the decline in the market share held by some of the leading players. Furthermore, competition is expected to intensify further in the coming years. Be it as it may, the global supercapacitor market will exhibit string growth between 2017 and 2023. The exceptionally rising demand for supercapacitors is identified as a chief driver in the report.

According to recent studies, the demand for alternative sources of power will accelerate considerably in the coming years. This, coupled with concerns pertaining to depleting conventional resources, has created immense opportunities for the market. According to the report, the demand from end users such as automotive and industrial sector will increase in the coming years, in turn enabling the supercapacitor market to flourish. In the automotive industry, supercapacitors are used in regenerative braking, auto start-stop technologies, and door-lock systems. Considering this, the rising demand for advanced models of vehicles will positively influence the supercapacitor market in the near future.

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The report also states that the increasing awareness among consumers with regards to the advantages of using supercapacitors will aid growth. Furthermore, supercapacitors have a lower replacement cost, besides a long lifecycle, which favors their increased uptake worldwide. On the downside, the high initial price of supercapacitors may hinder the growth of the market to an extent. This factor will limit the use of supercapacitors especially in low-value applications.

Regionally, the North America supercapacitor market is expected to report growth at a sluggish rate during the forecast period due to the lack of growth opportunities. Nonetheless, the region will continue to hold a dominant share in the global supercapacitor market through the forecast period. The presence of established countries will support the market operations in North America. Over the coming years, Asia Pacific is expected to emerge as a lucrative market for supercapacitors. The rising use of supercapacitors due to the expansion of the electronics industry will support the market’s growth in Asia Pacific.

The report also profiles some of the leading players in the global supercapacitor market. These include Nippon Chemi-Con Corporation, LS Mtron, Ioxus, Inc, Nesscap CO. LTD., Supreme Power Solutions Co., Ltd., and others.

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