Wednesday, 03 May 2023 09:38 AM
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WILMINGTON, DE / ACCESSWIRE / May 3, 2023 / Transparency Market Research Inc. - The last decade has witnessed steady increase in demand for alternative products for conventional batteries, across different end-use industries. Among the many alternatives, one of the products that has found increased demand is ultracapacitors.
As per Transparency Market Research study, the global ultracapacitors market is anticipated to advance at compound annual growth rate of 16.28% during the forecast period, starting in 2021 and ending in 2031.
Some of the key factors that have led to ultracapacitors witnessing increased demand over traditional batteries include improved operational efficiency, increased reliability, ability to discharge and recharge at adverse temperatures, and improved protection.
Also, ultracapacitors are different from conventional batteries and don't possess features such as cold intolerance, and smaller lifestyle.
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Available in three different types-electric double-layered capacitors, pseudo capacitors, and hybrid capacitors- and in five different voltage modules- less than 10 volts, 10-25 volts, 25-50 volts, 50-100 volts, and more than 100 volts- some of the end-use industries that use ultracapacitors include automotive, industrial, energy and utilities, and consumer electronics.
New ultracapacitors launches are helping leading market players in gaining an edge over other players and generating new revenue streams.
For example Skeleton Technologies, in January 2020, announced the launch of new ultracapacitor to be used in medical industry, where they can be used to ensure sufficient electricity supply for magnetic resonance imaging machines.
Furthermore, in a bid to increase their revenue shares, prominent ultracapacitors market players are adopting growth strategies such as signing of collaborative agreements with smaller players.
Prominent ultracapacitors market players are also signing contracts in a bid to supply ultracapacitor modules to other stakeholders.
Key Findings of Ultracapacitors Market Study
Increasing Product Demand in Vehicles to Reduce Emission of Harmful Gases Propelling Overall Market: The last few years have witnessed an increasing demand for eco-friendly products. Ultracapacitors are environment friendly and have witnessed increase in demand in automobiles since they are proving beneficial in improving fuel economy and decreasing emission of hazardous gases, thereby increasing the life of the automobile, which is stimulating the growth in global ultracapacitors market
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Ultracapacitors Market: Key Drivers
- Rising demand for electric vehicles worldwide is expected to emerge as one of key growth drivers of ultracapacitors market during the forecast period between 2021 and 2031
- Increasing product demand in buses is anticipated to stimulate the growth in overall ultracapacitors market during the forecast period
- Rising ultracapacitors demand in board net stabilization and acceleration systems could trigger the growth in global market during the forecast period
- Stringent rules and regulations imposed by governments with regards to carbon emissions could boost the growth in global ultracapacitors market during the forecast period
Ultracapacitors Market: Key Players
Competition landscape in global ultracapacitors market is fragmented owing to presence of numerous prominent market players. It is anticipated that entry of new players will intensify the competition in overall market, during the forecast period.
Well-established ultracapacitors market players are making huge investments in research and development activities and establishing R&D centers in countries offering key resources such as land and labor which would function exclusively to produce improved products that would meet consumer requirements across different end-use industries.
Few leading players in global market include Panasonic, Eaton Corporation, Cornell-Dubilier Electronics, Inc., Maxwell Technologies, Nawa Technologies, LS Mitron, Ioxus Inc, and Paper Battery Company.
Key Points from TOC:
1. Preface
1.1. Market Introduction
1.2. Market and Segments Definition
1.3. Market Taxonomy
1.4. Research Methodology
1.5. Assumption and Acronyms
2. Executive Summary
2.1. Global Ultracapacitors Market Analysis and Forecast
2.2. Regional Outline
2.3. Market Dynamics Snapshot
2.4. Competition Blueprint
3. Market Dynamics
3.1. Macro-economic Factors
3.2. Key Market Indicator
3.3. Drivers
3.3.1. Economic Drivers
3.3.2. Supply Side Drivers
3.3.3. Demand Side Drivers
3.4. Market Restraints and Opportunities
3.5. Market Trends
3.5.1. Demand Side
3.5.2. Supply Side
4. Associated Industry and Key Indicator Assessment
4.1. Parent Industry Overview- Capacitor Industry
4.2. Supply Chain Analysis
4.3. Technology Roadmap Analysis
4.4. Industry SWOT Analysis
4.5. Porter Five Forces Analysis
4.6. Impact of Covid-19 Pandemic
5. Global Ultracapacitors Market Analysis, by Type
5.1. Ultracapacitors Market Size (US$ Mn and Million Units) Analysis & Forecast, by Type, 2017‒2031
5.1.1. Electric Double-layered Capacitors
5.1.2. Pseudo Capacitors
5.1.3. Hybrid Capacitors
5.2. Market Attractiveness Analysis, by Type
6. Global Ultracapacitors Market Analysis, by Power Type
6.1. Ultracapacitors Market Size (US$ Mn) Analysis & Forecast, by Power Type, 2017‒2031
6.1.1. Less than 10 volts Modules
6.1.2. 10 volts to 25 volts Modules
6.1.3. 25 volts to 50 volts Modules
6.1.4. 50 volts to 100 volts Modules
6.1.5. Above 100 volts Modules
6.2. Market Attractiveness Analysis, by Power Type
TOC Continued……
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The global ultracapacitors market is segmented as follows:
Type
- Electric Double-layered Capacitors
- Pseudo Capacitors
- Hybrid Capacitors
Power Type
- 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
End-use Industry
- Automotive
- Industrial
- Consumer Electronics
- Energy & Utilities
Regions Covered
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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