Ultracapacitors Market Size to worth US$ 11.22 Billion by 2031: Transparency Market Research Inc.

Advertisement

Increased use of ultracapacitors is projected to increase the marriage of pulse power design and particular energy storage in a number of industries, including medicine, public transit, construction equipment, and residential power

Wilmington, Delaware, United States, Sept. 01, 2023 (GLOBE NEWSWIRE) — The global market for ultracapacitors was estimated to have acquired US$ 2.9 billion in 2020. It is anticipated to advance with a rapid 16.28% CAGR from 2023 to 2031 and by 2031, the market is likely to gain US$ 11.22 billion.

The ultracapacitor is a fast evolving technology that is widely used in hundreds of energy storage applications. Some of the key benefits that ultracapacitors offer over batteries are operational efficiency, improved protection, high reliability, large capacity, and the ability to charge and discharge quickly at adverse conditions. In the near future, the market for ultracapacitors is anticipated to grow rapidly as a result of these advantages.

Advertisement

In a nutshell, the Transparency Market Research Report is essential reading for startups, individuals in the industry, investors, researchers, consultants, business strategists, and anyone seeking to gain insight into this particular sector. Take a brief look at it – https://www.transparencymarketresearch.com/capacitors-market.html

Market Snapshot:

 Report Coverage  Details
 Market Revenue  US$ 2.19 Bn
 Estimated Value  US$ 11.22 Bn
 Growth Rate – CAGR  16.28%  
 Forecast Period  2021-2031
 No. of Pages  149 Pages
 Market Segmentation  Type, Power Type, End-use Industry
 Regions Covered  North America,Europe,Asia Pacific,Middle East & Africa,South America
 Companies Covered  CAP-XX Limited,Nippon Chemi-Con Corp.,Panasonic,Maxwell Technologies,Eaton Corporation,Ls Mtron,Cornell-Dubilier Electronics, Inc.,Ioxus Inc,Nawa Technologies,Paper Battery Company

Key Findings of Market Report

  • The need for environmentally friendly solutions for storing energy has increased due to the growing popularity of green technology, and it is anticipated that this demand will enhance the industry as a whole over the next years.
  • Governments’ recent adoption of strict laws and regulations on carbon emissions is projected to have a positive impact on the worldwide ultracapacitors market.
  • One of the main energy sources that provides quick bursts of energy amid peak power needs are automotive ultracapacitors.
  • A vehicle’s performance is increased when an ultracapacitor is used since it increases fuel efficiency, lowers hazardous emissions, and lengthens the life of the vehicle.
  • In the years to come, the automobile market is expected to rise significantly.
  • The expected increase in demand for ultracapacitors in buses and cars is anticipated to boost the global market growth.

Market Trends for Ultracapacitors

  • It is projected that more ultracapacitors will be used in a variety of fields, such as construction equipment, public transit, medicine, and residential power, strengthening the relationship between pulse power design and particular energy storage. Over the coming years, it is anticipated that these capacitors’ increasing relevance would drive the global ultracapacitors market.
  • A fast developing technology, ultracapacitors are widely used in tens of thousands of energy storage applications. Some of the key benefits that ultracapacitors have over batteries are operational efficiency, increased protection, high reliability, large capacity, and the ability to charge and drain quickly in adverse conditions. In the near future, the market for ultracapacitors is anticipated to grow rapidly as a result of these advantages.

For more insights into the Market, Request a Sample of this Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=608

Ultracapacitors Regional Market Outlook

Various reasons are propelling the growth of the ultracapacitors market in different regions. These are:

  • The United States has gained a considerable market share in the North American ultracapacitor market in 2020 and is anticipated to expand at a high CAGR over the forecast period.
  • The country now enjoys a strong position in the global market for electric car sensors due to increased improvements in the automotive sector and connected devices, which are likely to speed up the use of ultracapacitors. During the projected period, it is anticipated that the United States will continue to lead the ultracapacitors market.
  • In terms of revenue, the United Kingdom dominated the market for electric vehicle sensors in 2020, and it is anticipated that this trend would continue throughout the projected period.
  • Germany is anticipated to expand at a fast pace in Europe for ultracapacitors due to advancements in the automotive industry, which promotes ultracapacitor usage in the nation and hence generates lucrative chances for the market expansion in the country.

Global Ultracapacitors Market: Key Players

Prominent ultracapacitor suppliers are concentrating on designing ultracapacitors that are affordable to draw in more clients. The following companies are well-known participants in the global ultracapacitors market:

  • CAP-XX Limited
  • Nippon Chemi-Con Corp.
  • Panasonic
  • Maxwell Technologies
  • Eaton Corporation
  • Ls Mtron
  • Cornell-Dubilier Electronics, Inc.
  • Ioxus Inc
  • Nawa Technologies
  • Paper Battery Company

Developments by the key players in the global market for Ultracapacitors are:

Market Player  Product Portfolio 
CAP-XX Limited 
  • CAP-XX Limited created the industry’s debut 3V thin, prismatic supercapacitors.  
  • In order to meet the need for compact, low-cost, and energy-efficient solutions for usage in thin wearables, key FOBs, and other IoT devices, the company initially implemented its 3V technology in the thin prismatic form. 
Skeleton Technologies  
  • Skeleton Technologies introduced the SkelMod 131V ultracapacitor module in March 2020.  
  • It is specifically designed for power quality usage in the medical sector, where it may be used to reduce peak power and provide adequate power quality for MRI scanners. 
Maxwell Technologies 
  • With the introduction of a new series of 3.0V ultracapacitors which share the same dimensions as their 2.7-volt product line, consumers now have an easy upgrading option.  
  • The 3.0V platform is intended for single-cell uses as well as multi-cell module systems, and it meets the needs for energy storage throughout industrial electrification as well as renewable energy. 

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=608

Global Ultracapacitors Market Segmentation

Type 

  • Electric Double-layered Capacitors 
  • Pseudo Capacitors 
  • Hybrid Capacitors 

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 

End-use Industry 

  • Automotive 
  • Industrial 
  • Consumer Electronics 
  • Energy & Utilities 
  • Others (Aerospace & Defense, Metal & Mining, etc.) 

Region 

  • North America 
  • Europe 
  • Asia Pacific 
  • Middle East & Africa 
  • South America 

Read More Related Reports:

Exploring Advanced Energy Storage Market Demand: Navigating Trends, Scope, and Factors Propelling Growth

Revealing the Demand Landscape of the Silicon Capacitors Market 2022-2031: Exploring Trends, Scope, and the Propelling Factors of Growth

Unveiling Insights into the Multilayer Ceramic Capacitor Industry Analysis 2022-2031: Ranging Over Sales Trends and Shaping the Industry’s Future Vision

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact:

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Websitehttps://www.transparencymarketresearch.com
Bloghttps://tmrblog.com
Email: [email protected]

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. AfternoonHeadlines.com takes no editorial responsibility for the same.