19th February 2020 – The Ultracapacitors
Market report provides in-depth analysis and insights into developments
impacting businesses and enterprises on global and regional level. The study
covers the global Ultracapacitors Market presentation regarding revenue
contribution from multiple segments and covers a comprehensive analysis of key
market trends, drivers, restraints, and opportunities influencing revenue
growth of the industry. This research report studies the market size, industry
status and forecast, competition landscape and growth opportunities.
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.
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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.
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.
Other factors such as longer battery
lifetime, efficient wear & tear protection, and resistance from chemical
reactions are driving market progress in the last few years. However, higher
initial cost and minimum availability are expected to hamper industry growth to
a certain extent. Yet, introduction of compact and inexpensive super-capacitors
with higher performance capability and enhanced conductivity are estimated to
play major role in the future market growth. Ultracapacitor constitutes high
surface area, and superior physical & chemical stability.
The ultracapacitors industry is broadly
categorized into four major segments based on the application type such as
industrial application, electronic sector, automotive sector, and power &
energy sector. The automotive sector is considered as one of the fastest
growing segment in the ultracapacitors market with substantial revenue
generation in the last few years. Growing popularity of ultracapacitor industry
in the automotive segment is attributed to the increasing demand from electric
and hybrid electric vehicles. The electronic segment has also witnessed
substantial growth owing to the compact and easily available back-up energy
source for the solid-state disk drives.
Some of the major objectives of this
report:
·
To present detailed analysis of
the market structure along with forecast of the various segments and
sub-segments of global Ultracapacitors Market.
·
To provide insights about
factors affecting the market growth. To analyze the Ultracapacitors Market
based on various factors- price analysis, supply chain analysis, porter five
force analysis etc.
·
To provide historical and
forecast revenue of the Ultracapacitors Market segments and sub-segments with
respect to four main geographies and their countries- North America, Europe,
Asia, and Rest of the World.
·
To provide country level
analysis of the market for segment by application, product type and sub-segments.
·
Trace and analyze competitive
developments such as joint ventures, strategic alliances, mergers and
acquisitions, new product evolutions, and research and developments in the
Market.
·
To present strategic profiling
of key players in the market, comprehensively analyzing their basic
capabilities.
Some
of the Major Market Players Are:
Panasonic Co., Supreme Power
Solutions Co., Ltd., VINA Tech Co., Ltd., Maxwell Technologies, Inc., Nippon
Chemi-Com Co., LS Mtron, Nesscap Co., Ltd., Ioxus, Inc., Cap-XX Co., NEC-Tokin,
Inc., and Yunasko, Inc.
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