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ELECTRONICS & SMART DEVICES

Global Supercapacitor Market Analysis & Opportunity Outlook 2021

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Extensive insights into the Growth of Supercapacitor Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Supercapacitor Market Overview

Supercapacitor is an electronic device which has much higher capacitance compared to other normal capacitors. Supercapacitors are also known with the name of double-layer capacitor or ultracapacitor.

The global supercapacitor market was valued at USD 2.2 Billion in 2015 and is envisioned to reach at USD 5.0 Billion in 2021, registering a compound annual growth rate (CAGR) of 14.6%. Geographically, the global supercapacitor market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and North Africa (MENA) and Rest of World.

Market Size and Forecast

With 39.0% share in 2015, North America holds the top rank in global supercapacitors market. The market in the region is driven by increasing spending on research and development on alternate energy sources and also owing to increasing inclination of major electronics manufacturers towards supercapacitors.

Europe supercapacitor market is likely to propagate from rapid expansion in the automobile industry is some of the major countries including Germany, Spain, Italy, U.K. and France. Asia-Pacific is estimated to have the highest growth in supercapacitor market at a CAGR of 23.0% over the forecast period i.e. 2015-2021. The market in the region is believed to thrive owing to huge investments on development of innovative technologies and positive GDP growth in countries such as India and China. CLICK TO DOWNLOAD FREE SAMPLE REPORT

Market Segmentation

  • By Materials

The global supercapacitors market is segmented based on material into electrolyte, electrodes and separators.

  • By Applications

On the basis of applications, the global supercapacitor market is divided as industrial, energy, consumer electronics and other applications.

  • By Types

Based on types, the global supercapacitor market is segmented on the basis of electric double layer capacitors, hybrid capacitors and pseudocapacitors.

  • By Product

The global supercapacitor market is segmented on the basis of product into supercapacitor modules, board mounted supercapacitors and supercapacitor cells.

The study further analysis the Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and challenges

Escalating demand of green fuel and alternative energy sources coupled with rising adoption of supercapacitors in consumer electronics and automotive industry is believed to bolster the growth of global supercapacitor market over the forecast period i.e. 2015-2021.

In addition to that, continuous innovation in technology and rising cost of fossil fuels is also expected to augment the expansion of global supercapacitor market in future.

However, fierce competition from existing battery market along with lack of awareness about the advantages of supercapacitors is anticipated to hamper the growth of global supercapacitor market in future.

Key Players

Global supercapacitors market is very competitive and includes some of the top players such as

  • AVX Corp.
  • CAP-XX
  • Elna Co. Ltd
  • Graphene Laboratories INC
  • Axion Power International, Inc.
  • Elton
  • Maxwell Technologies INC,
  • Panasonic Co. Ltd.
  • Skeleton Technologies
  • Others

 


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