The Supercapacitor Market is primarily driven by increasing demand for supercapacitor across different consumer electronics and automotive applications in order to provide backup power. Supercapacitor provides the necessary power backup required for smooth functioning of the various applications such as video calling, cameras, wireless communications and GPS navigation used in consumer electronic devices. Similarly, the other industrial hand-held devices such as GSM/GPRS and RFID (Radio-frequency identification) communications, LED flash, thermal printers, bar code scanners and GPS (Global Positioning System) chips among others can also be operated more conveniently with the help of supercapacitor for providing the required power boost. Using supercapacitor in line with batteries in these electronic devices increases the lifecycle of conventional batteries by reducing the load of voltage drops. Thus, battery run-time and operational life can be improved extensively by using supercapacitor in these electronic devices. Thus, enormous demand of the highly advanced consumer electronic appliances, in turn is predicted to drive the market for supercapacitor at exponential rate in the coming years. In addition, different initiatives by the government in different parts of the world such as the U.S., Canada, U.K., Australia, China and Japan to reduce the power consumption and heat generation is also anticipated to increase the deployment and usage of supercapacitor globally. Moreover, the ongoing practice to upgrade the power generation system from renewable sources across the globe in order to reduce rapid depletion of natural resources is also anticipated to drive the market of supercapacitor in the coming years.
However, competition from well-established battery market and lack of awareness about the huge benefits associated with supercapacitor are the most important factors that deters the growth of supercapacitor market and restrict users from adapting supercapacitor technology. In addition, high initial purchasing cost of supercapacitor coupled with low adoption is also inhibiting the market growth of supercapacitor. Currently supercapacitor are facing immense competition from lithium batteries due to its high price. Despite of these restrictive factors, the supercapacitor market is forecast to witness substantial growth during the forecast period of 2015 to 2023.
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The global supercapacitor market is expected to experience stable growth during the forecast period of 2015 to 2023. Supercapacitor, also known as ultracapacitor, is an electrical component having greater capacitance and power density than conventional capacitors. Currently, supercapacitor are increasingly adopted across various applications such as automotive, elevators, cranes and consumer electronics among others that require frequent energy charge and discharge cycle rather than long term energy storage. For the purpose of our research, the global supercapacitor market is segmented on the basis of application, product, type and geography. By application the various category of supercapacitor market includes automotive and transportation, industrial, energy, consumer electronics and others. The other segment includes application of supercapacitor in aerospace, military and sensors technologies. Based on products, the global supercapacitor market is segmented into double layer supercapacitor, pseudocapacitors and hybrid capacitors. By type, supercapacitor market is segmented into supercapacitor module, weldable cells and board mounted supercapacitor. Moreover, the report also provides cross sectional analysis of all the above segments across different countries within North America, Asia Pacific, Europe and Rest of the World.
This report provides the future predictive market growth of the global supercapacitor market from 2015 to 2023 along with current market analysis. Detailed study of the global supercapacitor market across different countries with respect to product, type and application segment is also highlighted in this report. In addition, the various micro economic and macro-economic factors that are anticipated to affect the growth of global supercapacitor market is also provided in this report.