Supercapacitor Market Size, Growth Analysis, Share, Demand, Types, Top Key Players And Forecast To 2025
Supercapacitors Market is valued at USD 821.33 Million in 2019 and expected to reach USD 3029.92 Million by 2026 with the CAGR of 20.50% over the forecast period.
Increasing production of supercapacitor based hybrid electric vehicles, smart grids, and renewable energy systems owing to environmental concerns are expected to boost the growth of supercapacitors market over forecast period.
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Scope of The Report:
Supercapacitors are also known as ultra-capacitors or electrochemical capacitors which utilize high surface area electrode materials and thin electrolytic dielectrics to achieve capacitances of several orders of magnitude larger than conventional capacitors. In a conventional capacitor, energy is stored by moving charge carriers and electrons from one metal plate to the other metal. Hence, the charge separation creates a potential between the two plates which can be harnessed in an external circuit. Supercapacitors have attracted research interest worldwide because of their potential applications as energy storage devices in many fields. Supercapacitors have considerably higher specific powers and longer cycle lifetimes compared to most rechargeable batteries, such as lead-acid, nickel-metal hydride, and Li-ion batteries. Supercapacitors have also appealed considerable interest because of the ever-increasing demands of electric vehicles, portable electronic devices, and power sources for memory backup. Conversely, the supercapacitors have been widely used as the electrical equivalents of flywheels in machines energy reservoirs that smooth out power supplies to electrical and electronic equipment. Supercapacitors can also be connected to batteries to regulate the power they supply.
Some major of Global Supercapacitor Companies are,
Maxwell, Panasonic, NEC TOKIN, Nesscap, AVX, ELNA, Korchip, Nippon Chemi-Con, Ioxus, LS Mtron, Nichicon, Shenzhen Technology Innovation Green (TIG), VinaTech, Jinzhou Kaimei Power, Samwha, Haerbin Jurong Newpower, Ningbo CRRC New Energy Technology, Beijing HCC Energy, Jianghai Capacitor, Supreme Power Solutions, Shanghai Aowei Technology, Heter Electronics, CAP-XX, others
The common use is in wind turbines where very large supercapacitors help to smooth out the intermittent power supplied by the wind. In electric and hybrid vehicles, supercapacitors are widely being used as temporary energy stores for regenerative braking where the energy a vehicle would normally waste when it comes to a stop is briefly stored and then reused when it starts moving again. These capacitors are intermediate systems that mainly use high dielectric materials to store more energy in a shorter time. Here, the energy density is typically hundreds of times greater than conventionally used capacitors. The benefits of Flexible threadlike supercapacitors have attracted extensive attention owing to recent breakthroughs in modern wearable electronics, taking advantage of their high flexibility, tiny volume, and good specific performance. Since, the CNTs possess very large specific surface area, low mass density outstanding chemical stability and excellent electrical conductivity they have been widely used as electrode materials for supercapacitors.
Major technology firms are speeding up their efforts to lower emissions of greenhouse gas, showing the market development for optional energy techs. Among all energy storage machines, supercapacitors cause the minimum environmental harm. All substances employed in a double-layer electrochemical capacitor are made of some kind of biodegradable carbon.
Supercapacitor has different verticals all over various sectors such as industrial, consumer electronics, energy, automotive, aerospace & defense, medical, and others. Return on investment and sustainability are the objectives that can be attained in the long run by restoring batteries with supercapacitors.
The market is divided on the basis of application, type, geography, and vertical. The applications comprise laptops, audio system, solar watch, camera, memory, smoke detector, Solid-State Disc Drives, UPS, and others. Among all these applications, laptop had the biggest share of the market. The rising employment of laptops in different verticals such as medical, consumer electronics, and industrial is the reason for its elevated development. In addition to this, laptop needs a power storage machines with swift charging ability and the supercapacitor suffices this need. Due to this advantage of the supercapacitor, the user electronic machines, majorly laptops, had accepted the supercapacitor instead of its battery. Due to all these advantages of supercapacitor; it has biggest market in laptop application section.
Global Supercapacitors Market Dynamics –
Increasing investments in renewable energy owing to the need for environmental protection and achieve sustainable goals is driving the growth of supercapacitor market. According to world Health Organization (WHO) in 2018, the electric car deployment has been growing rapidly over the past ten years, with the global stock of electric passenger cars passing 5 million, an increase of 63% from the previous year. Around 45% of electric cars on the road in 2018 were in China a total of 2.3 million compared to 39%. The supercapacitors market is expected to benefit from technological advances such as the use of graphene and carbon nanotubes in these products. These substances are increasingly being used in the production of supercapacitors to improve their electrical conductivity. These CNTs significantly increase the power density of supercapacitors as carbon annotates has high capacitance and low resistance.
The Power density is the amount of power transferred per unit volume. Moreover, the researchers at the George Washington University developed a new ultra capacitor with high performance and low cost than traditional supercapacitors by using graphene and carbon nanotubes. Major companies manufacturing graphene supercapacitors include Skeleton Technology, Angstron Materials and Sunvault Energy. The supercapacitor companies are using metal nitrides as the raw material for electrodes in supercapacitors, because it offers high electrical conductivity, chemical stability and cycling stability. Metal nitrides such as molybdenum nitride, titanium nitride, vanadium nitride and chromium nitride are being used as the material for electrodes to manufacture supercapacitors. The supercapacitors/ultra capacitors market is also expected to benefit from growth in the automobile industry during the forecast period. Supercapacitors are used in electric and hybrid vehicles for various applications including braking systems. Furthermore, a number of applications for supercapacitors in automotive manufacture are under development, and so likely to increase the demand for these products in the forecast period.
Supercapacitor Market Segments
By Type:- Double layer capacitors, Pseudocapacitors, Hybrid capacitors (Composite Hybrids, Asymmetric Hybrids, Battery- type Hybrids )
By Application:- Energy Storage, Power System, Electronic Device, Laptop, Audio system, Camera, Solar Watch, Smoke Detector, Power Backup, Engine, UPS, Buses, EV/HEV, Trains and Locomotives, Defibrillators, Aircraft
Global Supercapacitors Market Regional Analysis –
North America dominates the global market accounting largest market share and is expected to dominate the market over the forecast period. Transition to sustainable technologies, such as electric vehicle adoption, and the growing investment in renewable energy in the U.S. and Canada will fuel the growth potential of the market. According to world Health Organization (WHO) in U.S, the increased deployment of electric vehicles and charging infrastructure in the New Policies Scenario, which includes the impact of announced policy ambitions, global electric car sales reach 23 million and the stock exceeds 130 million vehicles in 2030. The increasing amount of business investments in this region is anticipated to increase industry growth. Hence, the high demand for electronics like mobile, tablets, and others are also driving for the region in the forecast period.
According to world Health Organization (WHO) in 2016, the United States total national vehicle miles traveled (VMT) increased by 3.3 % to 1.58 trillion miles compared to its value 1.54 trillion miles, they were 30 plug-in electric vehicle (PEV) models and 37 hybrid electric vehicle (HEV) models available in the United States , the Sales of HEVs were slowly declining but PEV sales hit an all-time record of 159,616 units during the year, several additional automobile manufacturers announced plans to offer all electric vehicles by the 2020.The supercapacitor market is at the nascent stage and is expected to exhibit exponential rate in the Asia Pacific region during the forecast period. The automotive industry has been growing rapidly in China, and the country is playing an increasingly important role in the global automotive market. In addition, the government of China views its automotive industry, including the auto parts sector, as one of the country’s pillar industries. According to world Health Organization (WHO) 2018 in China, the Electric mobility continues to grow rapidly, the global electric car fleet exceeded 5.1 million, up 2 million from the previous year and almost doubling the number of new electric car registrations, The People’s Republic of China remained the world’s largest electric car market. Moreover in Japan, utility providers are incorporating smart electricity meters. The Japanese government has also shifted its focus to demand-side management and there is an increased emphasis on energy security and resiliency through the smart grid and energy efficiency technologies.
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