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Super Capacitor Market to Hit $4.8b by 2020

By Dipo Olowookere

Ceskaa Market Research has announced the addition of the Supercapacitor Market: 2015-2020 report to their offering.

The global market for supercapacitor has been growing for the past five-years, driven by various application industries, such as electrical and electronics sector, automotive, renewable energy applications and smart grid applications.

The Asia-Pacific region dominates the supercapacitor market followed by North America and Europe. AVX Corp., Axion Power International, Inc., Beijing HCC Energy Tech. Co., Ltd., CAP-XX, Elna Co. Ltd., Elton, Graphene Laboratories Inc., Jianghai Capacitor Co., Ltd, Jiangsu Shuangdeng Group Co., Ltd., Jinzhou Kaimei Power Co., Ltd, Kemet, LS Mtron, Maxwell Technologies Inc., Nesscap Energy Inc., Nippon Chemi-Con Corp., Panasonic Co., Ltd., Shanghai Aowei Technology Development Co., Ltd., Skeleton Technologies, Supreme Power Systems Co., Ltd., XG Sciences are some of the major manufacturers of supercapacitor across regions. This market research report explain current market for supercapacitor in terms of value.

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The report also highlights the major drivers and challenges, including their profiles related to supercapacitor market.

The global market for supercapacitor has been growing at a CAGR (2015 to 2020) of 19.1% driven by the various application activities in hybrid automobiles, electronics and electrical equipment, including smart grid applications.

The global market for supercapacitor is expected to grow from $1.8 billion in 2014 to $2.0 billion in 2015 at a year-on-year (YOY) growth rate of 9.2%.

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In addition, the market is expected to grow at a five-year CAGR (2015 to 2020) of 19.1%, to reach $4.8 billion in 2020.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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