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Supercapacitors Market Segmentation by Type (Pseudocapacitors, Electric Double-layered Capacitors (EDLCs), andHybrid Capacitors); and by Application (Industrial, Medical, Automotive, Energy, Consumer Electronics, Aerospace and Defence) – Global Demand Analysis and Opportunity Outlook 2021-2029

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Extensive insights into the Growth of Supercapacitors 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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Supercapacitors Market Highlights 2020-2029

The supercapacitors market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. The increasing demand in energy storage system applications, including solar PV panels and solar lightings, and the rising use of supercapacitors in aircraft and trains are expected to drive the supercapacitors market during the forecast period. These Supercapacitors are majorly used in the energy and automobile segment. The rising demand for sustainable development and minimizing emissions in energy storage is also driving the market. Furthermore, the increasing demand for electric vehicles is likely to fuel the growth of the market in the forecast period. According to the International Energy Agency, in 2020, electric cars' global sales reached up to 4.9 million, compared to 1.93 million in the year 2017.

Supercapacitors-Market

Based on type, the hybrid supercapacitors segment is anticipated to capture the major market share among the other types owing to its significant uses in wearable devices, mobile phones, laptops, barcode scanners, LED flashlights, thermal printers, and GPS chips. CLICK TO DOWNLOAD SAMPLE REPORT

The market is segmented on industrial, medical, automotive, energy, consumer electronics, aerospace, and defence. The automobile segment is expected to capture the major market share in the forecast period owing to key applications, including dynamic brake energy storage and power recuperation.

Supercapacitors Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The Asia Pacific market is predicted to grow at the highest CAGR over the forecast period owing to the rapid infrastructure and industrialization development are driving the growth of automotive and consumer electronics industries in Japan, China and India, thereby leading to an increased demand for supercapacitors. The market in North America is the second largest market in terms of revenue and is also estimated to grow with a significant growth rate over the forecast period owing to demand for supercapacitors in mid-sized and large automotive industries. According to the International Organization of Motor Vehicle Manufacturers, in the year 2018, the total number of vehicles manufactured is 95,634,593. India, China, and Japan alone constituted 42,713,279, which constituted 44.66% of global production.

Supercapacitors-Market-Share

The global supercapacitors market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

Market Segmentation

Our in-depth analysis of the global supercapacitors market includes the following segments:

By Product Type

  • Pseudocapacitors
  • Electric Double-layered Capacitors (EDLCs)
  • Hybrid Capacitors

By Applications

  • Industrial
  • Medical, Automotive
  • Energy
  • Consumer Electronics
  • Aerospace and Defense

Growth Drivers

  • Growing awareness in sustainable development and emission free energy storage.
  • Rise in demand of electric vehicles.

Challenges

  • High initial costs of material.
  • low awareness of supercapacitors.

Top Featured Companies Dominating the Market

  • Nippon Chemi-Con Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Skeleton Technologies
  • Ioxus Inc.
  • LS Mtron Ltd.
  • AVX Corporation
  • Panasonic Corporation
  • Cap-XX Limited
  • SPEL Technologies Private Limited
  • Evans Capacitor Company
  • KORCHIP Corporation
  • Other prominent players

 

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