Global Supercapacitors/Ultracapacitors Market 2019: Opportunities to 2023 - Market to Exhibit a CAGR of 30% - ResearchAndMarkets.com

The "Supercapacitors/Ultracapacitors
Global Market Opportunities And Strategies To 2023" report has
been added to ResearchAndMarkets.com's offering.

The supercapacitors/ultracapacitors market reached a value of nearly
$1.2 billion in 2018 and is expected to grow at a compound annual growth
rate (CAGR) of 30% to nearly $4.6 billion by 2023.

Factors contributing to the growth of the
supercapacitors/ultracapacitors market include rapid growth in the
electronics industry, increasing popularity of hybrid vehicles, and
increased investment in mass rapid transport systems in many developed
and developing countries globally. The supercapacitors/ultracapacitors
market is challenged by the availability of low-cost alternatives such
as batteries and by rising trade protectionism.

The transport segment accounted for the largest share of the
supercapacitors/ultracapacitors market in 2018 at $0.59 billion. The
highest growth is projected to come from the automotive segment, which
is forecast to grow at a CAGR of 34.3%. Major factors for this growth
include rising demand for hybrid vehicles owing to incentives and
subsidies offered for these cars globally.

Asia Pacific is the largest region in the
supercapacitors/ultracapacitors market, accounting for 40% of the global
total in 2018. It was followed by Western Europe and North America. The
fastest growth in the supercapacitors/ultracapacitors market between
2018 and 2023 is predicted for Asia Pacific, where it is expected at
grow at a CAGR of 31.3%, followed by North America at a CAGR of 29.9%.

China is the largest country in terms of value in the
supercapacitors/ultracapacitors market. China and the USA are forecast
to have the fastest growth at CAGRs of 19.2% and 16.7% respectively.

The market for supercapacitors/ultracapacitors is concentrated. Major
players in the market include Murata Manufacturing Co., Ltd., Maxwell
Technologies, Inc., Panasonic Corporation, AVX Corporation, ELNA Co.,
Ltd.

The major opportunities in the supercapacitors/ultracapacitor market
will arise in the transport segment, which will put on $1.65 billion of
annual sales between 2018 and 2023; and in China and the USA, where
annual sales gains of $0.83 billion and $0.55 billion respectively will
accrue.

To take advantage of these opportunities, supercapacitor/ultracapacitor
manufacturing companies should adopt strategies such as using graphene
and carbon nanotubes and/or metal nitrides as electrodes to increase
their products' power density and overall efficiency, collaborating with
research institutes and technology companies and developing new
products, such as the new DUK series radial type electric double layer
capacitors introduced by Elna in March 2018.

Companies Mentioned

• AVX Corporation
• ELNA Co. Ltd.
• KEMET Electronics
• Maxwell Technologies Inc.
• Murata Manufacturing Co. Ltd.
• NEC TOKIN
• Panasonic Corporation

For more information about this report visit https://www.researchandmarkets.com/r/ystukf

View source version on businesswire.com: https://www.businesswire.com/news/home/20190411005526/en/