2020 Supercapacitors and Ultracapacitors Market Size, Growth, Trends And Analysis Report by TBRC

Supercapacitors And Ultracapacitors Market - By Type (Transport, Automotive, Renewables, Industrial, Electronics And Others), By Geography, And By Region, Opportunities And Strategies – Global Forecast To 2023 By The Business Research Company

The global supercapacitors/ultracapacitors market reached a value of nearly $ 1.2 billion in 2018, having grown at a compound annual growth rate (CAGR) of more than 30.0% since 2014. Rapid growth in the electronics industry, increasing popularity of hybrid vehicles, and increased investment in mass rapid transport systems in many developed and developing countries globally contributed to the growth of the global supercapacitors/ultracapacitors market. The supercapacitors and ultracapacitors market is challenged by the availability of low-cost alternatives such as batteries and by rising trade protectionism.

The key drivers of the supercapacitors/ultracapacitors market include:
Growth in the Electronics Industry – The rapid growth in the demand for electronics products including laptops and smartphones globally drove the supercapacitors/ultracapacitors market during the historic period. Supercapacitors are generally used in some premium models of smartphones, laptops, digital cameras and various other electronics products. Increased access to the internet globally boosted the demand for smartphones, communication devices, network hardware and computers, thereby increasing the demand for supercapacitors. For instance, in 2017, production for the global electronics and information technology industries was estimated at $2,680 billion, a 3% increase from $2,610 billion in 2016.

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Supercapacitors/Ultracapacitors Market Segmentation:
The supercapacitors/ultracapacitors market is segmented by end user:
By End User - The supercapacitors/ultracapacitors market is segmented by end user
a) Transport
b) Electronics and Others
c) Industrial
d) Automotive renewables
Transport was the largest segment in the global supercapacitors/ultracapacitors market accounting for 47.7% of the market, worth $0.59 billion in 2018. This was mainly due to the higher price of supercapacitors used in trucks, buses and rail transport systems which use regenerative braking energy capture systems.

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By Geography - The supercapacitors and ultracapacitors market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in supercapacitors and ultracapacitors market are
• Murata Manufacturing Co., Ltd.
• Maxwell Technologies, Inc.
• Panasonic Corporation
• AVX Corporation
• ELNA Co., Ltd.

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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