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Global Ultracapacitor Market:Rising Demand in Hybrid Powertrain Systems Noticed by Variant Market Re
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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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)
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).
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
• Other automotive
• Smart Grid
• Energy Harvesting
• Solid State Disk Drive
• Non-Volatile RAM
• Other Applications (Aerospace/Military)
• North America
• Hong Kong
• South America
• Middle East
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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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