It is predicted that the global super capacitor market will be worth about US$1.75 billion in the current year, 2022. The market is anticipated to expand at a super rate of 14.8% between 2022 and 2032, reaching a total market value of US$ 7 billion by the end of the year.
Due to the increasing demand for a dependable power source for equipment, such as portable multimedia players and electric vehicles, the global market for super capacitors is anticipated to grow during the anticipated period.The electronics and telecommunications industries are very interested in super capacitors, a brand-new type of energy storage that can store more energy and power than conventional capacitors and batteries put together.
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Super Capacitor: Market Dynamics
For last some years, demand for super capacitor have been increasing in the consumer electronics and energy and utility sector, which are coming out as a new trend for super capacitor market.
The key growth drivers of global super capacitor market are revolution in the storage technology with the introduction of new market segments such as hybrid electric vehicles (HEV), smart grids, and renewable energy systems, and also the advanced features provided by super capacitor such as capability of super capacitor to provide backup power to low power equipment such as RAM, SRAM, micro-controllers and PC Cards at a time of power shutdown.
Super Capacitor: Key Players
The key players of global super capacitor market are
- Advanced Capacitor Technologies, Inc.,
- Axion Power International, Inc.,
- CAP-XX Ltd.,
- EEStor Corporation,
- ELTON, Inc.,
- FastCAP Systems, Inc.,
- Graphene Energy, Inc.,
- Maxwell Technologies, Inc., and
- Nesscap Energy, Inc. and others.
A supercapacitor, also known as an ultracapacitor, is an electrochemical energy storage device that can store and release energy quickly. Unlike batteries, which store energy through chemical reactions, supercapacitors store energy electrostatically, allowing them to charge and discharge rapidly and withstand a high number of charge cycles.
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The market for supercapacitors has been growing rapidly in recent years, driven by the increasing demand for energy storage solutions in a wide range of applications, including automotive, renewable energy, consumer electronics, and industrial equipment.
In the automotive industry, supercapacitors are being used to provide high-power bursts of energy for acceleration and regenerative braking in electric and hybrid vehicles. In renewable energy systems, supercapacitors can be used to store excess energy generated by wind turbines and solar panels, allowing for more efficient energy management. In consumer electronics, supercapacitors can be used to extend the battery life of smartphones and other portable devices.
Super Capacitor: Segmentation
Market segmentation for super capacitor is done on the basis of technology, material type, application and region.
On the basis of technology, global super capacitor market is segmented into :
- organic electrolyte super capacitor
- aqueous electrolyte super capacitor
By material types, global super capacitor market is segmented into:
- electrodes
- electrolyte
- separators
- electrolyte double layer capacitor (ELDC)
- Pseudo-capacitor
- hybrid capacitor materials
- aqueous electrolyte
- organic electrolyte
- polymeric film
- poly acrylonitrile (PAN)
- kapton
On the basis of application, global super capacitor market is segmented into :
- consumer electronics (laptops, digital cameras, portable speakers and mobile computing)
- industrial automation (memory storage, uninterrupted power supply (UPS) and automatic meter reading)
- power & energy (actuators, wind turbines and photovoltaic)
- medical (defibrillators)
- transport (trains, cranes, cars, buses, elevators, aircrafts and hybrid electric vehicles (HEV))
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