(MENAFN - GetNews) The Supercapacitor And Ultracapacitors Market from The Business Research Company, offers a sales Strategies, growth analysis, size, segmentation, geographies, forecast and much more. The global supercapacitor and ultracapacitors market was valued at $1.2 billion in 2018. Asia Pacific was the largest region in the supercapacitor market and ultracapacitors market with about 40% of the market. This can be attributed to the large size of the supercapacitors industry in China and Japan compared with countries in other regions; these cater to the large number of electronics companies, and automotive and rail transport manufacturing companies based in these countries.
The supercapacitors/ultracapacitors market consists of sales of supercapacitors/ultracapacitors by entities (organizations, sole traders and partnerships) that manufacture the supercapacitors/ultracapacitors used in automobiles and electronics products such as premium smartphones, digital cameras and solid-state drives. This market does not include revenues from installation and after sales services related to this equipment. Supercapacitors and ultracapacitors are identical and these terms are often used interchangeably. In this report the term ‘supercapacitors' stands for supercapacitors/ultracapacitors.
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Supercapacitors Market Size
The global ultracapacitors market size is expected to grow reach over $4 billion by 2023 at annual growth rate of about 30%. This rapid growth in the forecast period can be attributed to stringent regulations on carbon emissions, incentives and subsidies for hybrid cars and trucks in many countries globally. Increasing demand for supercapacitors from the electronics industry will contribute to this growth. High investments in mass rapid transport systems with regenerative braking energy capture systems in major developed and developing countries is also contributing to this growth.
Murata Manufacturing Co., Ltd. was the largest competitor with around 33% of the supercapacitors market, followed by Maxwell Technologies, Inc., Panasonic Corporation, AVX Corporation, and ELNA Co., Ltd. (exact figures are mentioned in report).
Murata designs, manufactures and markets electronic materials, electronic components, and modules. The company was founded in 1944 and is headquartered in Kyoto, Japan.
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Company profiles included in the ultracapacitors market report are Murata Manufacturing Co., Ltd., Maxwell Technologies, Inc., Panasonic Corporation, AVX Corporation.
Usage of metal nitrides as electrode materials and consolidation in the market are the major trends witnessed in the global supercapacitors and ultracapacitors market.
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