Supercapacitor Market Analysis: End Products (PV, UPS, Cameras, Defibrillators, Wind Turbines, Buses); Type (EDLC, Pseudocapacitors, Hybrid); Application (Energy and Power, Electronics and Transportation) – With Forecast (2015 – 2020)
Browse 49 Market Tables, 82 Figures spread through 232 Pages and an in-depth TOC on “Supercapacitors Market"
Super capacitors are electrochemical capacitors that are capable of holding more energy per unit volume and can bear multiple charge and discharge cycles compared to conventional batteries. These are also called as Ultra-Capacitors and are governed by same governing principles as conventional capacitors but are incorporated with high surface areas and thinner dielectrics which decrease the distance between the electrodes that enable power supply stabilization, greater energy storage, energy regeneration and many more. Due to these properties, the super capacitors find application in electric vehicles, cars, buses, elevators, and others where regenerative braking and short term energy storage needs to be achieved.
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The super capacitors market is forecast to grow at a rate of 35.4% during the period 2015-2020. The high growth is due to the increasing adoption of super capacitors into transportation, consumer electronics and healthcare industry. Electric vehicles and medical equipment are the key end use products which require efficient regenerative braking and short term storage of energy and are estimated to significantly escalate the market value.
The healthcare segment is the highest growing market in the period 2015-2020 owing to the escalating demands from the industry for effective power management and wearable devices. The medical wearable devices require compact and high energy storing devices and the ultra-capacitors meet the requirements and offer cheap, low power, and support batteries. In 2015, CAP XX Co. Ltd has launched a product of 0.6mm thickness which is ideally suitable for wearable and portable devices. With increase in the disposable and wearable medical devices, such as disposable insulin device or fitness tracking devices, the market for super capacitors is set to witness a high growth rate of 42.2% in the forecast period.
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At the same time, the market growth is forecast to be aided by the transportation products. Buses, Electric Vehicles, Trams, and so on are the prime potential target for the companies to develop products. The electric vehicle market is the promising among all of the transportation products whereas the trams, metro trains are seen as the potential segments owing to the government projects in certain regions. In China, in May 2014, 100% super capacitors powered low floor train was launched in which the ultra-capacitors provide the necessary power to the traction system. The capacitors in this train are capable of 1 million charging cycles, that is, it possesses lifespan of around 10 years. Hence, with more such initiatives the not only transportation cost is reduces but performance also can be improved. Thus, the market has growth prospects in the transportation and healthcare industries.
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