Supercapacitor Market Growth to Soar at 20.7% CAGR to 2022 Propelled by Consumer Electronics
PUNE, India, November 30, 2016 /PRNewswire/ --
The supercapacitor market is estimated to be valued at USD 568.2 million in 2015 and is estimated to grow at a CAGR of 20.7% between 2016 and 2022 dominated by consumer electronics while double layer capacitor held the largest market share in 2015 and is expected to exhibit high growth during the forecast period.
Complete report on global supercapacitor market spread across 162 pages, profiling 13 companies and supported with 74 tables and 58 figures is now available at http://www.reportsnreports.com/reports/278260-supercapacitor-market-by-materials-electrodes-electrolyte-and-separators-products-consumer-industrial-transport-and-others-applications-primary-energy-wireless-and-others-and-geography-analysis-forecast-2013-2020-.html.
The key driving factors for the growth of supercapacitor market include high storage capabilities as compared to conventional capacitors and batteries and capabilities of supercapacitors. On the other hand the initial cost of materials is restraining the supercapacitor market.
Supercapacitors are used widely in the consumer electronics industry. There are several consumer electronic applications that require a burst of power such as smartphones, laptops, cordless tools, emergency kits, flashlights, toys, kitchen gadgets, and computers, among others. As supercapacitors have ability to offer quick charging and discharging, and delivery of very high-power pulses, it makes supercapacitors appropriate for consumer electronics products. The shelf life of the consumer electronic applications increases and hence the supercapacitor could be a substitute for batteries.
The market for double layer capacitors is increasing rapidly. Its applications vary from portable electronics and medical devices to hefty hybrid and other transportation uses. Moreover, supercapacitor can also be used in other application such as memory, power backup, led signs, and renewable energy.
The market in APAC is expected to grow at the highest rate between 2016 and 2022 owing to the increasing industrialization and urbanization in this region. The emergence of new technologies in Asia-Pacific has increased the demand for innovative and user-friendly communication. Super capacitors one such technology that offers benefits such as high energy storage and help in harvesting energy from regenerative braking of vehicles, among other benefits. Japan, China, India, and South Korea hold a significant share of the supercapacitor market in the APAC region.
The major key players offering various products in the supercapacitor market in this region includes Murata Manufacturing Co., Ltd. (Japan), Maxwell Technologies, Inc. (U.S.), Panasonic Corporation (Japan), CAP-XX Limited (Australia), and Nesscap Energy Inc. (Canada),Axion Power International, Inc. (U.S.), ELNA CO., LTD. (Japan) , Axion Power International, Inc. (U.S.), LS Mtron LTD. (Korea ) and Northrop Grumman Corporation (U.K.) among others. Order a copy of Supercapacitor Market by Type (Double Layer, Pseudocapacitor, and Hybrid), Application (Laptop, Camera, Power Backup, Memory, UPS, Aircraft, Solid-State Disc Drives) Vertical, and Geography - Global Forecast to 2022 research report at http://www.reportsnreports.com/purchase.aspx?name=278260 .
The report includes in-depth competitive analysis of these key players in the supercapacitor market, with their company profiles, SWOT analysis, recent developments, and key market strategies. In the process of determining and verifying, the global supercapacitor market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (40%), Tier 2 (35%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C level (35%), Director Level (25%) and others (40%) from various key organizations operating in the global supercapacitor market. The primary interviews were conducted worldwide covering regions such as North America (45%), APAC (30%), Europe (20%) and RoW (5%).
On a related note, another research on Machine Condition Monitoring Market Global Forecast to 2022 says, Market for motor current signature analysis (MCSA) expected to grow at the highest rate during forecast period. Oil and gas to hold the largest share of the overall machine condition monitoring market in 2016. The overall market is expected to grow at a CAGR of 7.0% between 2016 and 2022 and is likely to be valued at USD 3.07 billion by 2022. Companies like Emerson Electric Co., General Electric, Honeywell International Inc., National Instruments Corp., SKF AB, Parker Hannifin Corp., Rockwell Automation, Inc., Bruel & Kjaer Vibro GmbH, Azima DLI Corp., Meggitt PLC, ALS Ltd. and Schaeffler AG have been profiled in this 185 pages research report available at http://www.reportsnreports.com/reports/297820-machine-condition-monitoring-market-by-product-vibration-monitoring-thermography-ultrasound-emission-lubricating-oil-analysis-corrosion-monitoring-and-motor-current-signature-analysis-component-application-and-geography-global-forecast-to.html.
Explore more reports on the chemicals market at http://www.reportsnreports.com/market-research/chemicals/.
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