Nanomaterial Supercapacitors Market Expected to Expand at a Steady CAGR through 2026

The ever-increasing need for electrical energy storing devices will continue to influence the growth of the nanomaterial supercapacitors market during the forecast period 2016-2026. The surging end-use applications of nanomaterial supercapacitors in transportation, consumer electronics, wind turbines and sensors will continue to drive the growth of the market during the forecast period. Increasing preference towards compact devices that have high electric storage capacity will continue to create sustained demand during the forecast period.

High cost and low availability continue to remain persistent challenges with nanomaterial supercapacitors.

Global nanomaterial supercapacitors market: Segmentation

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On the basis of the product type, the global nanomaterial supercapacitors market can be segmented as follows:

Industrial

Consumer

Transport

On the basis of applications, the global nanomaterial supercapacitors market can be segmented as follows:

Sensors

Instrumentation

Electric & hybrid vehicles

Wind turbines

Photovoltaic modules

On the basis of end-use industry, the global nanomaterial supercapacitors market can be segmented as follows:

Healthcare

Energy

Electronics

Transportation

Others

Global nanomaterial supercapacitors market: Region Wise Outlook

The global nanomaterial supercapacitors market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. Asia Pacific dominates the global nanomaterial supercapacitors market due to the mature electronics industry in the region. Strong demand from China will be key to the growth of the market in the region. North America is the second largest market globally, and demand is on account of its flourishing medical and healthcare industry.

Demand for nanomaterial supercapacitors in Europe will continue to be driven by the booming automobile sector in Europe. Latin America is witnessing a modest CAGR in terms of value in global nanomaterial supercapacitors market because of the strengthening information technology in this region. Middle East and Africa (MEA) is at a nascent stage in the global nanomaterial supercapacitors market but is expected to have a healthy CAGR in the forecasted period.

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Global nanomaterial supercapacitors market: Key Players

Some of the key players in the global nanomaterial supercapacitors market are:

Nippon electrical Co.

Panasonic Electronic Devices Co. Ltd

TTI, Inc

MAXWELL TECHNOLOGIES, INC

Nesscap Co., Ltd

Axion Power International, Inc.

Cap-XX

SPEL

Murata Manufacturing Co., Ltd

About Nanomaterial Supercapacitors

A capacitor is an electronic component that stores energy in the form of electrostatic field. The amount of electrical energy stored in the capacitor is directly proportional to the surface area of the conducting plates and inversely proportional to the distance between the conducting plates. Nanomaterial supercapacitors are the devices that increases the surface area of the plates, thus increasing the storage capacity of the capacitor. Nanomaterial supercapacitors uses nanomaterial in the manufacturing of the dielectrics or electrodes. Supercapacitors are used instead of capacitors for high energy density, and are used in electric vehicles, grid energy storage, mobile electronics, power tools and hybrid vehicles. Nanomaterial supercapacitors are generally made up of Nano composites that are composed of nanotubes (that are composed of carbon materials). Nanomaterial supercapacitors is an electronic device that has the capability of increasing the storage of electrical energy by improving the storage of electrons with the expanding the surface area of the electrodes. The overall efficiency of nanomaterial supercapacitors is dependent on the material used for its manufacturing and its electrodes properties. The nanomaterial supercapacitors market is anticipated to expand at a modest CAGR in the forecasted period.

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This release was published on openPR.