Global Ultracapacitor Market:Rising Demand in Hybrid Powertrain Systems Noticed by Variant Market Re

SAN FRANCISCO - Jan. 30, 2018 - PRLog -- According to the latest report published by Variant Market Research, the global ultracapacitor market size is projected to reach $8,037 Million by 2025 from $2,283 Million in 2017. In this report, ultracapacitor market forecast says that the global market is growing at 17.0% CAGR from 2017 to 2025.

Growing electrification in vehicles to drive the global market

The global ultracapacitor market trend includes rising demand in hybrid powertrain systems & generative braking, and growing electrification in vehicles. Further, ultracapacitor and supercapacitor find various applications such as ultracapacitor automotive, and ultracapacitor car, among others.  Though, heavy cost of production may obstruct the market growth. Moreover, ultracapacitors increasing demand in electric turbocharger would provide an opportunity for market players of market.

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Market Segmentations

This global market is classified into application, and geography. Application segment includes industrial (cranes, mining, valves, and smart grid), automotive (bus, train, auto, and others), energy (solar, wind, and energy harvesting), electronics (non-volatile RAM, solid state disk drive, and UPS), and other applications (military/aerospace). North America (U.S., Mexico, and Canada), Europe (France, Italy, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, Hong Kong, Singapore, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.

Automotive, by application, is estimated to dominated the global market in 2017

Automotive held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025. Ultracapacitors possess high power & energy density, making it a perfect match for usage in automotive applications.

Asia-Pacific is estimated to dominated the global market in 2017

Asia-Pacific held for the highest market share in 2017, and expected to continue its dominance over the forecast period, 2017– 2025, due to rising acceptance of hybrid vehicles, and increase in demand for substitute to traditional energy storing devices in the region (including countries such as Thailand, and South Korea).

Competitive Landscape

Major market players of the market are Maxwell Technologies Inc., Supreme Power Solutions Co. Ltd., Tokin Corporation, Nesscap Co. Ltd., Cap-XX, Ioxus Inc., LS Mtron Ltd., Vinatech Co. Ltd., Nippon Chemi-Con Corporation, and Panasonic Corporation, among others.

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Scope of Global Ultracapacitor Market

Application Type Segments

• Automotive

• Bus
• Auto
• Train
• Other automotive

• Industrial

• Cranes
• Valves
• Mining
• Smart Grid

• Energy

• Wind
• Solar
• Energy Harvesting

• Electronics

• Solid State Disk Drive
• Non-Volatile RAM

• Other Applications (Aerospace/Military)

Geographical Segments

• North America

• U.S.
• Canada
• Mexico

• Europe

• UK
• Germany
• France
• Italy
• Others

• Asia-Pacific

• China
• Japan
• India
• Australia
• Singapore
• Hong Kong
• Others

• RoW

• South America
• Middle East
• Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise is data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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