With the emergence and long-term Impact of COVID-19, Global Ultracapacitors Market to reach USD 6.12 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Ultracapacitors Market is poised to raise up to USD 6.12 Billion by 2030. Ultracapacitors are the appropriate electrochemical energy storage device to fill the space between capacitors and batteries. Supercapacitors use electrode materials with a large surface area and thin electrolytic dielectrics to produce high capacitance. An ultracapacitor is a type of high-capacity capacitor with a larger capacitance value than standard capacitors, allowing it to store more energy. A dielectric and an electrolyte separate two plates in supercapacitors. This separates its plates and stores more energy than ordinary capacitors by forming a double layer of separated charges between two porous, often carbon-based plates. The Ultracapacitors market is expanding because of factors such as rising demand for consumer electronics and growing demand for energy storage devices.
Geographically, the Global Ultracapacitor Market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific dominated the market in 2022 owing to presence of high-end electronics industry, and sales of pseudo ultracapacitors. Europe is expected to grow significantly during the forecast period, owing to factors such as rising electric vehicles industry, automotive and geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.
The Global Ultracapacitor Market is highly competitive owing to the presence of several key manufacturers such as NEC Corporation, LS MTRON LTD, Maxwell Technologies, Ness Capacitor Co., Ltd, Panasonic Corporation, KEMET Corporation (YAGEO Group), Nippon Chemi-Con Corporation, Skeleton Technologies, Eaton, Supreme Power Solutions Co., Ltd. and others.
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Global Ultracapacitors Market Size study & Forecast, by Type (Double Layered Capacitors, Pseudocapacitors, Hybrid Capacitors), by Application (Automotive, Consumer Electronics, Energy, Industrial and Others) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Ultracapacitor Market is anticipated to grow with a healthy growth rate of more than 15.30% over the forecast period 2023-2030.
- In the Type segment, Double Layered Capacitors emerged out as the leading market segment in 2022.
- In the Application segment, Automotive emerger out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to presence of high-end electronics industry, and sales of pseudo ultracapacitors.
- Europe is expected to grow at higher rate followed by Asia Pacific during 2020-2027.
Bizwit Research & Consulting has considered following segments for the study:
- Double Layered Capacitors
- Hybrid Capacitors
- Consumer Electronics
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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