Supercapacitor Market Growth, Trends & Forecast 2019-2025

The healthcare sector is one of the spearheading sectors for the expansion of the supercapacitor market as it requires an uninterrupted power supply to tend to critical patients and use double-layered capacitors. These products can be useful in IoT edge systems as they can provide a secondary supply of power required in cases where the primary battery source fails such as prolonged usage and power surge. Additionally, these products can also be used as the primary source of power for the IoT systems. The market also facilitates the functioning of smart grids. Smart grids are prominently used to control the production and distribution of electricity. For a reliable and stable supply of power, nations across the world are expanding the usage of smart grids.

North America holds the largest market share in the supercapacitor market and is expected to dominate the market over the forecast period. Transition to sustainable technologies, such as electric vehicle adoption, and the growing investment in renewable energy in the U.S. and Canada will fuel the growth potential of the market. The supercapacitor industry is at the nascent stage and is expected to exhibit exponential rate in the Asia Pacific region during the forecast period. The increasing amount of business investments in this region anticipated to increase industry growth. The presence of manufacturing consumer electronics and automotive firms in China, Japan, and South Korea has increased the consumption of supercapacitors in this region.

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Rapid advancements in technology and fast evolving green energy systems are trending in the supercapacitor market. The growing adoption of carbon nanotube and graphene supercapacitors is highly gaining traction in the global market. The combination of graphene and nanotubes to build supercapacitors and batteries having properties such as lightweight, elasticity, and high mechanical strength will enhance the performance in the consumer electronics and vehicles industry. Micro supercapacitors are used as miniature storage devices that enable autonomous and sustained operations of electronic devices. Development of high energy density supercapacitors is an opportunity for the market growth.

High costs of purchasing this equipment are hindering the supercapacitor market growth. For instance, the cost per watt hour of the product is more than 10 times the standard Li-ionized batteries available. It’s expected that the purchase costs of components will decline with a gradual increase in usage of the product. This product discharges voltage in a linear manner. Supercapacitor rated at 4V at 75% charge will discharge only 75% of its maximum charge voltage. Wireless products, such as smartphones, require a power supply for longer duration and are detrimental to the expansion of the market.

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The transportation sector has also given a boost to the supercapacitor market, since in developed economies including the U.S., China, Japan, France. etc., the demand for electric trains and vehicles is growing. With the ability of quick charging and temperature stability, supercapacitors are replacing traditional electric car batteries. Additionally, supercapacitors are flexible than normal batteries and high demand for stable power supply for applications such as GPS, portable media players, laptops, mobile devices, etc. is an emerging trend in the market.

Supercapacitor Market by Application
• Automotive
• Industrial
• Energy
• Consumer Electronics
Supercapacitor industry by Product
• Pseudocapacitor
• Hybrid Capacitor
Supercapacitor Market by Type
• Supercapacitor Module
• Supercapacitor Weldable Cell
• Board Mounted Supercapacitor

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