Press release
Electric Double-layer Capacitor (EDLC) Market To Witness Astonishing Growth - 2027 | Key Players: CAP-XX, Maxwell Technologies, Inc., Murata Manufacturing Co., Ltd., Nichicon Corporation
The Electric Double-layer Capacitor (EDLC) Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Electric Double-layer Capacitor (EDLC) market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Electric Double-layer Capacitor (EDLC) market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Electric Double-layer Capacitor (EDLC) market.The Electric Double-layer Capacitor (EDLC) Market was valued at USD 834.33 million in 2020 and is expected to reach USD 2724.09 million by 2026, at a CAGR of 21.8% over the forecast period 2021 - 2026.
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Top Leading Companies of Electric Double-layer Capacitor (EDLC) Market are - CAP-XX, Maxwell Technologies, Inc., Murata Manufacturing Co., Ltd., Nichicon Corporation, Nippon Chemi-Con Corporation, Panasonic Corporation, Rubycon Corporation, TDK Corporation, TOKIN Corporation (KEMET) and others.
Industry News and Updates:
- February 2019 - Tesla Inc. announced to acquire Maxwell Technologies, Inc. to extend its capability in energy solutions, specifically in complex electrochemical capacitors, EDLC, and dielectric packaging solutions.
- April 2018 - CAP-XX develops a 3 Volt thin prismatic capacitor. The company will deploy its 3V technology first in the thin prismatic form to meet the demand for small, inexpensive, energy-efficient power solutions for thin wearable, key FOBs, and other IoT devices.
Key Market Trends:
Surge in Demand for EDLC in Automotive Industry
- The world is seeing a major shift in the automobile market from the conventional oil-powered engines to electric and hybrid automotive. Hence generating demand for electrical equipment in automotive production. According to the International Energy Agency, there were more than 3 million electric vehicles present on world roads in 2017 and is projected to grow at CAGR of 20% over the next decade.
- Transportation vehicles, especially cars, buses, and trains, required rapid charge and discharge cycles and longer battery life. Supercapacitors, which have low internal resistance, support these short-term, high power required applications and can be used for burst power-mode delivery and short-term energy storage, along with regenerative braking driving the market.
Asia-Pacific is the Fastest Growing Region in the EDLC Market
- China overtook both the European and US markets in the annual sales of electric vehicles, (China has accounted for almost four times the sales of plug-in electric vehicles compared to the United States). China is already using supercapacitors in hybrid buses wherein these buses are equipped with stop-start engines, in which supercapacitors reduce the load on the battery, and increases the lifetime of the batteries.
- Due to continuous innovation, Chinese manufacturers have been able to expand their supercapacitor portfolio. The CRRC, the Chinese state-owned rolling stock manufacturer and the world's largest train builder, developed graphene-based supercapacitors that could power electric buses with higher efficiency and for a longer period.
Investigator Observers Strong Growth in Specific Regions:
- Europe Market (Germany, UK, France, Russia, Italy)
- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
- South America Market (Brazil, Argentina, Colombia)
- North America Market (United States, Canada, Mexico)
- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Electric Double-layer Capacitor (EDLC) Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Electric Double-layer Capacitor (EDLC) Market (%),2016 - 2026
- Electric Double-layer Capacitor (EDLC) Market Share, By Brand
- Electric Double-layer Capacitor (EDLC) Market Share, By Company
- Electric Double-layer Capacitor (EDLC) Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Electric Double-layer Capacitor (EDLC) Market Value Analysis & Forecast
- Promising Electric Double-layer Capacitor (EDLC) Development by Major Companies
- Detailed Electric Double-layer Capacitor (EDLC) Portfolio of the Major Companies
- Major Deals in the Electric Double-layer Capacitor (EDLC) Market
- Major Companies Analysis
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