Supercapacitors are electronic devices having greater capacitance and higher energy density than conventional capacitors. Supercapacitor uses double layer capacitance, psuedocapacitance or a combination of both the mechanisms to store electric energy. Based on the energy storage mechanism they can be classified in three basic types; electrostatic double layer capacitor, electrochemical pseudocapacitor and hybrid capacitors.
Supercapacitor Market Growth:
The Supercapacitor Market is expected to see tremendous growth in the future according to the Market Report by IndustryARC. It estimates the market to register a CAGR of 35.4% for the forecast period 2015-2020 and projects the Supercapacitor Market size to reach around $4.2 Billion by 2020. The Healthcare Industry is in the forefront in adoption of Super Capacitors and is estimated to grow at the highest annual growth rate until 2020.
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Supercapacitor Market Drivers:
The Supercapacitor Market is primarily driven by the Transportation Industry. Because of an increase in renewable energy, Electric Vehicles have become common and its shipments are estimated to reach 6.3 million units by 2022. This is a huge opportunity for the Supercapacitor Market and its players.
The Supercapacitor Market is propelled by a few Major Driving Factors like:
• Transportation Industry: Increase in renewable energy has led to the increased popularity of Electric Vehicles and the growing demand for these is surely set to drive the global supercapacitor market. The potential zones for the Transportation Industry are observed to be China, Japan and North America.
• Consumer Electronics Industry is an important propelling avenue.
• Healthcare segment is hoped to grow at the highest annual growth rate until 2020 owing to the...