Ultracapacitors Market, By Power Type (Less than 10 volts Modules, 10 volts to 25 volts Modules, 25

Published Date: | Report Code : IT2058905

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The Global Ultracapacitors Market is projected to reach USD 19.57 billion by 2028, growing at a CAGR of 24.5% during the forecast period. The increased demand for ultracapacitors in the automotive industry, especially in the electric car segment is expected to steer the market during the forecast period.

Ultracapacitors Market

Ultracapacitors Market

Ultracapacitors can quickly charge to their maximum capacity and furthermore discharge rapidly up to the zero-charge level. It additionally guarantees the security of operation as it dispenses the threat of explosion or self-ignition. Ultracapacitors have a high transient response of 20 microseconds and are adding support free, which can bring about expanding appropriation over the coming years. The intrinsic attributes of ultracapacitors make it reasonable for use in consumer electronics including audio/video systems and computerized cameras. Further, ultracapacitors additionally have high power and energy density, which makes it a perfect counterpart for use in mechanical and car applications.

The automotive industry is the principal end user of ultracapacitors offers a massive opportunity for expansion in this industry. China's new-vehicle ultracapacitors market has experienced a dilation by 3% to 28.88 million units in 2017, according to the data compiled by the China Association of Automobile Manufacturers (CAAM). China has also become the world's largest car manufacturer as well the world's largest consumer of automotive, including electric cars, with expanding poised for growth. The increasing government regulations favoring the use of electric vehicles has facilitated the growth of the electric vehicles, ultracapacitors market. For instance in India, the NITI Aayog action plan for Clean Transportation released in 2018 has removed restrictions on the mobility of EV's across the country. Governments across the world are developing the infrastructure for electrically powered vehicles. For instance, the Indian government is facilitating and putting funds in the building of charging facilities for EV's across various regions of the country. The plan is to capture 30% of the automotive ultracapacitors market by EV segment until the end of the forecast period.

The United States is the biggest contributor to ultracapacitors market. It is one of the biggest automotive users in the world. Electric vehicle use in the United States has risen rapidly, with an estimated 1% of automotive sales in the US market coming from electric vehicles. California dominates the US market in terms of sales of electric vehicles. It's Zero Emission Vehicle (ZEV) program is also driving the demand for EVs, by requiring automakers in the state to sell a certain percentage of electric cars. The Asia Pacific region is steadily developing with reference to this market owing to rapid urbanization and consequent growth of the automotive industry. The Middle East region is still emerging with regards to this market with the UAE being one of the biggest potential ultracapacitors markets.

Ultracapacitors Market

Ultracapacitors Market

Key Factors Impacting Growth of Ultracapacitors Market:

  • Increasing use of electric cars in automotive sector

  • Favorable Government regulations facilitating the use of EV’s

  • Increase in the number of applications across all sectors

Key Developments:

  • On Feb. 4, 2019, Maxwell Technologies, Inc. , a leading developer and manufacturer of ultracapacitors, announced that, it has entered into a merger agreement with Tesla Inc to expand their ultracapacitors segment into electric card, which will introduce them into the automotive industry.

  • In October 2014, Maxwell Technologies Inc., entered into agreement with Corning Incorporated (US) to improve the capacitive energy storage technology. This joint partnership would help the company to innovate and eventually accomplish better product value for customers as well as grow dynamically in the ultracapacitors market.

  • In April 2107, Maxwell Technologies Inc. announced that it had successfully completed the acquisition of substantially all of the assets and businesses, including the operating entities, of Nesscap Energy Inc. This acquisition marks an important step for the company in its plan to achieve growth and profitability, as it puts the ultracapacitor product line on a solid foundation.

What Does This Report Provide?

This report provides a detailed understanding of the global ultracapacitors market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the ultracapacitors market.

Market Segmentation:

By 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

By Application:

  • Valves

  • Mining

  • Smart Grid

  • Solid State Disk Drive

  • Non-volatile RAM

  • UPS

  • Energy Harvesting

By End User:

  • Automotive

  • Industrial

  • Electronics

  • Energy

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Power Type

    • By Application

    • By End User

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Power Type

    • By Application

    • By End User

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Power Type

    • By Application

    • By End User

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Power Type

    • By Application

    • By End User

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Power Type

    • By Application

    • By End User

  • Rest of the World

    • By Region (South America, Africa)

    • By Power Type

    • By Application

    • By End User

Companies Covered: Major Companies profiled in the report which are key players in the global ultracapacitors market. Maxwell Technologies, Inc., Panasonic Corporation, VINA Tech Co. Ltd, Supreme Power Soslutions Co. Ltd, Ioxus, Nippon Chemi-Com Corporation, LS Mtron, Nesscap Co. Ltd, and Yunasko.

Years Considered In The Study

 

Historic Year

2016, 2017

Base Year

2018

Forecast Period

2019-2028 

CAGR % (2019-2028)

24.5 %

Reasons to Buy This Report:

  • Market size estimation of the global ultracapacitors market on regional and global basis.

  • Unique research design for ultracapacitors market size estimation and forecast.

  • Profiling of major companies operating in the market with key developments.

  • Broad scope to cover all the possible segments helping every stakeholder in the ultracapacitors market.

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

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