Supercapacitor Market is Projected to Cross $4 Billion by 2020

2024-04-23 01:19:36 Technology

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According to IndustryARC, The supercapacitor market is estimated to register a CAGR of around 35.4% for the period 2015-2020 and is projected to reach around $4.2 billion by 2020. Consumer electronics and automotive segment will be the highest revenue generating segments during this period. Americas was a leading region for supercapacitors in 2014 with 43% market revenue followed by Europe with 26% market revenue.

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Market Drivers:
? Supercapacitors are being used to protect electric Vehicle Batteries, Enhance Vehicle Performance and to harvest the energy generated from braking.
? Consumer Electronics Industry is another important avenue which shall drive the Supercapacitors Market in the forecast period.
? Supercapacitors Market is noted to be primarily driven by the Transportation Industry.
? Because of an increase in renewable energy, Electric Vehicles have become very popular and the growing demand for these is surely set to drive the overall market hugely.
? The potential regions to invest in are China, Japan and North America owing to the increasing Transportation Market.

Key Market Insights:
? The growing demand for electric vehicles and trams is set to increase the Supercapacitors shipments significantly
? Consumer electronics and automotive segment will be the highest revenue generating segments during this period.
? Chinese firms are forecast to account for a majority share of the market by 2020, due to high demand in Asian markets coupled with production, distribution efficiencies of the companies.
? Healthcare is in the forefront in adoption of super capacitors and is estimated to grow at highest annual growth rate until 2020.
? Americas was a leading region for supercapacitors in 2014 with 43% market revenue followed by Europe with 26% market revenue.
? Electric Vehicles, whose shipments are estimated to reach 6.3 million units by 2022, is a huge opportunity for the super capacitor manufacturers.
? By 2020, Chinese firms are forecast to account for a majority share of the total Supercapacitors Market, due to the high demand in Asian markets coupled with production, distribution efficiencies of the companies.
? Electric Vehicles, whose shipments are estimated to reach 6.3 Million units by 2022, is a huge opportunity for the super capacitor manufacturers.

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Market Segmentation

The Supercapacitors Market is precisely segmented into 5 types by IndustryARC based on various factors like:
? By Material: Electrodes, Separators, Electrolyte Double Layer Capacitor (EDLC), Pseudo Capacitor, Hybrid Capacitor and Others
? By End-Product: Industrial Automation Products, Consumer Electronics Products, Power & Energy Products and Transportation Products
? By Technology: Organic Electrolyte Super Capacitor, Aqueous Electrolyte Super Capacitor
? By Application: Electronics, Transportation, Energy and Power and Others
? By Region: North America, Europe, Asia-Pacific and ROW

Key Players:

Supercapacitors Market?s Share of the manufacturers are concentrated to a few big manufacturers as the top three players together constituted for 48% of the market share in 2014. This report by IndustryARC provides a complete list of Key Players with their Product Portfolios, Financials and Developments. Some companies mentioned are:
? Panasonic Corporation
? Tecate Group
? Vinatech Co. Ltd.
? Maxwell Technologies, Inc.
? Bombardier Inc

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About IndustryARC:
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