The total market revenue (TMR) of the supercapacitor market is expected to reach at USD 4.3 Billion by 2025 growing at a Compound Annual Growth Rate (CAGR) of 22.1% from 2018 to 2025. Growing need for Supercapacitor among the automotive and electronics industries strongly propels the market growth. The reduction in the price of Supercapacitor coupled with continuous research and up-gradation to expand the life cycle of Supercapacitors are another prime factor augmenting the demand of this market. Moving forward, robust demand for Supercapacitor in energy and manufacturing industries are estimated to create new necessities and augment the market of growth over the forecast period of 2018-2025.
Electronics segment is estimated to witness significant
The Supercapacitor market has been segmented based on types into hybrid capacitor and pseudocapacitor. Based on application, the Supercapacitor market has been segmented as automotive, aerospace, electronics, energy and manufacturing. The electronics segment is estimated to witness significant growth during the projection period owing to its high usage in the consumer electronics sector. The rising demand for laptops, smart gadgets, power backups, and solid-state disc drives are expected to be the key reason for the increasing applications of Supercapacitors in electronic goods industry.
Asia-Pacific holds the largest market share by region
The global Supercapacitor market has been geographically segmented into Asia-Pacific, Europe, North America, Latin America, the Middle East, and Africa region. In addition to this, the Asia-Pacific region holds the largest market share. The reason may be attributed to the rapid adoption of Supercapacitors in the automotive and electronic sectors. The increased usage of Supercapacitor in electronic devices and electric automotive are expected to boost the Supercapacitor market in Asia-Pacific. North America is estimated to be another major contributor to the growth of Supercapacitor market. The rising demand for Supercapacitor manufacturing industry is expected to boost the North America market for Supercapacitor. Europe’s market for Supercapacitors estimated to propel at a significant growth during the projection period, owing to the rising demand for producing eco-friendly and low-cost energy. These reasons are expected to positively influence the market growth during the forecasted period.
Major Players in Supercapacitor Market
Some of the key players in the global Supercapacitor market include ELNA CO., LTD, LS Mtron, Maxwell Technologies, Murata Manufacturing Co., Ltd, NEC TOKIN Corporation, Nesscap Energy Inc, Panasonic Corporation, Robert Bosch GmbH, Seiko Instruments Inc., Skeleton Technologies, VINATech Co., Ltd and Young Electronics Group
Global Supercapacitor Market: By Types
Global Supercapacitor Market: By Application
Global Supercapacitor Market: By Geography