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Opportunities For Global Supercapacitor Market To Reach $3.1 Billion By 2026
According to a new market report published by Lucintel, the future of the supercapacitor market looks promising with opportunities in the transportation, consumer electronics, and energy industries. The global supercapacitor market is expected to reach an estimated $3.1 billion by 2026 and is forecast to grow at a CAGR of 15.5% from 2017 to 2026. The major drivers of growth for this market are increasing demand for hybrid electrical vehicles and portable electronics products and their superior properties, such as high energy density, long lifecycles, and power stabilization as compared conventional batteries.
In this market, double layer capacitors, pseudocapacitors, and hybrid capacitors are used for the energy storage purpose. Lucintel forecasts that double layer capacitor is expected to remain the largest segment due to increasing usage in regenerative braking systems, power systems of various electric vehicles, and wind turbines for pitch control application. Lucintel predicts that the demand for hybrid capacitors will experience the highest growth in the forecast period supported by its ability to enhance capability of energy storage and provide high power to different applications more quickly and efficiently as compared to double layer capacitors.
Within the supercapacitor market, transportation is expected to become the largest end use market. This market is also expected to witness the highest growth over the forecast period, supported by the growing demand for supercapacitors in trains, cars, hybrid buses, cranes, and trucks due to the need for fuel efficiency, power stabilization, enhanced vehicle performance, reduction of carbon-dioxide emissions, and providing of extended long life expectancy. All these factors are expected to spur the growth of this segment over the forecast period.
Asia Pacific is expected to remain the largest market by value and volume and is also expected to witness the highest growth over the forecast period due to increasing demand for supercapacitors in automotive, wind, solar, and consumer electronics industries, especially in China, Japan, and South Korea.
Emerging trends, which have a direct impact on the dynamics of the industry include growing demand for micro supercapacitors and development of high energy density supercapacitors. Maxwell Technologies, Nesscap Energy, Ioxus, Yunasko, CAP XX Limited, AVX Corporation, Skeleton Technologies, Nippon Chemi, and many others are among the major supercapacitor manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global supercapacitor market by product type, end use industry, and region and has come up with a comprehensive research report titled “Global Supercapacitor Market 2017-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global supercapacitor market by product types, end use industry, and region as follows:
By product type [$M shipment analysis for 2011 – 2026]:
• Double Layer
• Hybrid Capacitor
By end use Industry [$M shipment analysis for 2011 – 2026]:
• Automotive and Transportation
• Consumer Electronic
By region [$M shipment analysis for 2011 – 2026]:
• North America
– United States
– United Kingdom
• Asia Pacific
– South Korea
• Rest of World
This 153-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or firstname.lastname@example.org. Lucintel offerings include Energy Market Report, Energy Industry, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for global supercapacitor market by products (double layer capacitors, pseudocapacitors, and hybrid capacitors), by end use (automotive and transportation, industrial, energy, consumer electronics, and others), and by regions (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via materials / product substitution
Q.11 What are M & A activities in the last 5 years in this market?
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