Supercapacitor Market Increases the lifecycle of conventional batteries by reducing the load of voltage drops

The global supercapacitor market is expected to experience stable growth during the forecast period of 2015 to 2023. Supercapacitor, also known as ultracapacitor, is an electrical component having greater capacitance and power density than conventional capacitors.

Currently, supercapacitor are increasingly adopted across various applications such as automotive, elevators, cranes and consumer electronics among others that require frequent energy charge and discharge cycle rather than long term energy storage.

Browse Market Research Report:
http://www.transparencymarketresearch.com/supercapacitor-market.html

For the purpose of our research, the global supercapacitor market is segmented on the basis of application, product, type and geography. By application the various category of supercapacitor market includes automotive and transportation, industrial, energy, consumer electronics and others.

The other segment includes application of supercapacitor in aerospace, military and sensors technologies. Based on products, the global supercapacitor market is segmented into double layer supercapacitor, pseudocapacitors and hybrid capacitors.

By type, supercapacitor market is segmented into supercapacitor module, weldable cells and board mounted supercapacitor. Moreover, the report also provides cross sectional analysis of all the above segments across different countries within North America, Asia Pacific, Europe and Rest of the World.

The global supercapacitor market is primarily driven by increasing demand for supercapacitor across different consumer electronics and automotive applications in order to provide backup power.

Supercapacitor provides the necessary power backup required for smooth functioning of the various applications such as video calling, cameras, wireless communications and GPS navigation used in consumer electronic devices.

Similarly, the other industrial hand-held devices such as GSM/GPRS and RFID (Radio-frequency identification) communications, LED flash, thermal printers, bar code scanners and GPS (Global Positioning System) chips among others can also be operated more conveniently with the help of supercapacitor for providing the required power boost.

Using supercapacitor in line with batteries in these electronic devices increases the lifecycle of conventional batteries by reducing the load of voltage drops. Thus, battery run-time and operational life can be improved extensively by using supercapacitor in these electronic devices.

Thus, enormous demand of the highly advanced consumer electronic appliances, in turn is predicted to drive the market for supercapacitor at exponential rate in the coming years.

In addition, different initiatives by the government in different parts of the world such as the U.S., Canada, U.K., Australia, China and Japan to reduce the power consumption and heat generation is also anticipated to increase the deployment and usage of supercapacitor globally.

Moreover, the ongoing practice to upgrade the power generation system from renewable sources across the globe in order to reduce rapid depletion of natural resources is also anticipated to drive the market of supercapacitor in the coming years.

Make an Enquiry:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8359

Geographically, Asia Pacific supercapacitor market is predicted to experience the fastest growth rate with a CAGR of 23.2% from 2015 to 2023. Rapid expansion of production facility in this region owing to huge capital investment by different companies in this emerging technology results in sharp fall of price of the supercapacitor.

This reduction in price of supercapacitor coupled with low maintenance cost is predicted to increase the usage of supercapacitor across different application segments. This in turn, is expected to boost the demand for supercapacitor in the coming years.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com

This release was published on openPR.