Ultracapacitors Market Product Overview, Share by Types and Region till 2024

Posted on 2021-08-02 by researchinsights in Electronics // 0 Comments

The Ultracapacitors Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

Market Insights

The global Ultracapacitors Market is expected to value at USD 8.049 billion by 2024. The ultracapacitor industry is subject to witness a substantial growth due to its capability to rapidly charge and discharge quickly up to zero charge level. Ultracapacitor offers safety of operation by eliminating potential risk of explosion or self-ignition. Ultracapacitors offer advantages such as higher transient response time and minimum maintenance. These factors are expected to fuel market demand of ultra-capacitors over the forecast period. Globally, the ultracapacitor market is predicted to grow at CAGR of 25.0% in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.

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Drivers

Increasing demand for the ultra-capacitors market from wearable and wireless devices is anticipated to stimulate market growth over the coming years. Increasing adoption of ultra-capacitors for production of portable devices, which requires ingenious features and compact space, are expected to favor market growth as well.

Shifting trend toward enhanced power supply solutions is propelling market demand for devices with extended shelf life as compared to batteries. Replacement of pulse batteries with ultra-capacitors owing to its extended shelf life is predicted to boost market growth as well.

Ultracapacitors Power Type Outlook (Revenue, USD Million; 2014 – 2024)

Less than 10 volts Modules
10 volts to 25 volts Modules
25 volts to 50 volts Modules
50 volts to 100 volts Modules
Above 100 volts Modules

Ultracapacitors Application Outlook (Revenue, USD Million; 2014 – 2024)

Automotive
Bus
Auto
Train
Others
Industrial
Cranes
Valves
Mining
Smart Grid
Electronics
Solid State Disk Drive
Non-volatile RAM
UPS
Energy
Wind
Solar
Energy Harvesting

Key Players Analysis covered in these report

Panasonic
Supreme Power Solutions Co.
Nippon Chemi-Com Co.
Maxwell Technologies, Inc
Ioxus, Inc.
Yunasko
VINA Tech Co. and many others

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Regional Outlook

The ultracapacitor market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies, increase in the number of research & development activities in the region and existence of well-established infrastructure. Asia-Pacific region is predicted to hold major market share in the ultracapacitor with massive growth in forecast period.

Countries such as India, China and Japan are leading the Asia-Pacific market with consistent demand for energy efficient products, rising electronic sector, growing demand from the residential, power, and public transportation sector, and significant investment by leading industry players considering potential growth opportunities in the region.

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