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Research Nester released a report titled “Supercapacitors Market : Global Demand Analysis & Opportunity Outlook 2029″ which delivers a detailed overview of the global supercapacitors market in terms of market segmentation by type, application, and region.
The supercapacitors market is projected to grow with a significant CAGR during the forecast period, i.e., 2021-2029, on account of the increasing demand in energy storage systems applications, including solar PV panels solar lightings among others, and the rising use of supercapacitors in aircraft and trains. According to the International Energy Agency, in 2020, electric cars' global sales reached up to 4.9 million, compared to 1.93 million in 2017.
The market is segmented by type into pseudocapacitors, electric double-layered capacitors (LCS), and hybrid capacitors. Among these segments, the hybrid segment is anticipated to hold the largest share by the end of 2021, in the supercapacitors market due to its major uses in wearable devices, mobile phones, laptops, barcode scanners, LED flashlights, thermal printers, and GPS chips.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.
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On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the supercapacitors market in the Asia Pacific market is predicted to grow at the highest CAGR over the forecast period, and also, the market in the Asia Pacific holds the largest share currently. This can be attributed to the rapid upsurge in the automobile and consumer industries in China, India, and Japan.
The Increase in the Demand of Supercapacitors in Automobile Applications to Drive Market Growth
In the year 2018, the total number of vehicles manufactured is more than 95 million. India, China, and Japan alone constituted 42,713,279, which constituted 44.66% of global production.
Supercapacitors are feasible in automotive applications as they feature a fast-charging function, long shelf life, and high-power density. Furthermore, favorable government regulations and ride-in demand for renewable energy systems are anticipated to boost the market growth.
This report also provides the existing competitive scenario of some of the key players of the global supercapacitors market which includes company profiling of Nippon Chemi-Con Corporation (TYO: 6997), Skeleton Technologies, Ioxus Inc., LS Mtron Ltd., AVX Corporation (SGX: AVX), Panasonic Corporation (TYO: 6572), Cap-XX Limited (LON: CPX), SPEL Technologies Private Limited, Evans Capacitor Company, KORCHIP Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global supercapacitors market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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