Press release
Lithium Ion Capacitor Market Size, Business Opportunity and Future Demand by 2028 | IMARC Group
Lithium Ion Capacitor Market
IMARC Group's latest report, titled "Lithium Ion Capacitor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global lithium ion capacitor market size reached US$ 25.58 Million in 2022. Looking forward, IMARC Group expects the market to reach, US$ 34.95 Million by 2028 exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
What is Lithium Ion Capacitor ? :
The lithium ion capacitor (LIC) is a type of energy storage device that combines the features of both lithium-ion batteries and supercapacitors that is designed to provide a balance between energy density and power density. It consists of two main components, including a lithium-ion battery electrode and an activated carbon electrode. The lithium-ion battery electrode utilizes lithium intercalation and deintercalation processes to store energy, similar to traditional lithium-ion batteries. On the other hand, the activated carbon electrode operates through the electrostatic double-layer capacitance mechanism, which allows for high-power delivery.
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Who are the key Players Operating in the Industry ? :
• Elecorey Ramway India Private Limited
• Electro Standards Laboratories
• LICAP Technologies Inc
• Musashi Energy Solutions Co. Ltd
• Spel Technologies Pvt. Ltd
• Taiyo Yuden Co. Ltd
• VINATech CO. Ltd
• Witting Electronic GmbH
• Yunasko Limited
What are the Growth Prospects and Trends in the Lithium Ion Capacitor Industry ? :
The global market is majorly driven by the Increasing demand for energy storage solutions. With the rising demand for energy storage across various sectors, such as renewable energy integration, grid stabilization, and electric vehicles, there has been a considerable rise in the need for advanced energy storage technologies. Moreover, ongoing research and development efforts for improving LIC performance, such as enhancing energy density, power density, and cycle life are providing an impetus to the demand.
Also, the modernization of electrode materials, cell design, and manufacturing processes are driving the market by creating LICs more competitive compared to other energy storage technologies. Some of the other factors driving the market further include rapid industrialization and the rapid expansion of electric vehicles (EV) across the globe.
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Key Market Segmentation:
Product Insights:
• Radial Type
• Laminating Type
Application Insights:
• Energy Storage
• Transportation
• UPS
• Industrial Machines
• Others
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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