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Adoption of Electric Vehicles Contributes to Strong Revenue Growth, While the Mature Consumer Electronics Vertical Drives Volumes
30-Mar-2020
Global
Market Research
MEC6-01-00-00-00
EG02067-GL-MR_24269
Ultracapacitors are energy storage devices that are best suited for high-impulse power. As ultracapacitors have a small storage capacity, they are usually used to complement another energy storage device (mostly batteries). Ultracapacitors find profound applications in consumer electronics devices, such as laptops, smartphones, smart toys, video recorder, professional prosumer cameras, and smart home equipment that could be adaptable for the Internet of Things (IoT) technology.
Research Highlights
This research study tracks the global market demand for ultracapacitors, including all three types of construction. Electrical double layer capacitor (EDLC) is the most prominent type, followed by hybrid and pseudo capacitors, used in emerging applications. This deliverable also tracks end-user applications in detail with revenue contribution from each of end-user application. The end-user applications discussed in detail are consumer electronics, industrial, transportation, and others. Industrial equipment includes cordless power drills, uninterrupted power supply (UPS), material handling equipment, and renewable energy installations. Similarly, the transportation application includes hybrid electric vehicles (HEVs) and electric vehicles (EVs), encompassing passenger cars, buses, and trucks. The study highlights the increasing adoption of elective vehicles, leading to increased market potential for ultracapacitors.
Market trends have been analyzed for the study period between 2016 – 2026, with the base year being 2019. The study covers North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW) regions. The study assesses the latest trends across the globe and discusses the various uses of ultracapacitors in consumer, industrial, and automotive applications with detailed forecast for each segment. The total market is expected to grow from $915.0 million in 2019 to $2.36 billion in 2026, at a CAGR of 14.5% with strong growth expected from North America and APAC. Fierce competition is expected, especially in Asia, from Japanese participants that compete with quality products. Some companies that have been considered in this study are Maxwell, Eaton, Skeleton technologies, Nawa, and Panasonic Corporation.
Key Issues Addressed
- Is the market growing, how long will it continue to grow, and at what rate?
- What is the current competitive structure like?
- What will be the influence of new technologies, such as electric vehicles or Industrial Internet of Things (IIoT), on this market?
- How will the structure of the market change with time? What is the role of mergers and acquisitions in shaping up the market?
- What is the role of regional differences in the growth of this market?
Key Findings
Market Engineering Measurements
Market Engineering Measurements (continued)
CEO’s Perspective
Market Definitions
Market Definitions (continued)
Market Definitions (continued)
Key Questions this Study will Answer
Market Segmentation
Market Distribution Channels
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Market Engineering Measurements
Market Engineering Measurements (continued)
Market Engineering Measurements (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Pricing Trends
Pricing Trends Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
Revenue Forecast Discussion by Region
North America—Revenue Forecast
North America—Revenue Forecast Discussion
Europe—Revenue Forecast
Europe—Revenue Forecast Discussion
Asia-Pacific—Revenue Forecast
Asia-Pacific—Revenue Forecast Discussion
Rest of World—Revenue Forecast
Rest of World—Revenue Forecast Discussion
Revenue Forecast by Vertical Market
Revenue Forecast Discussion by Vertical Market
Market Structure
Competitive Environment
Competitive Factors and Assessment
New Product Launches
Growth Opportunity 1—Partnerships
Growth Opportunity 2—Disruptive Applications
Growth Opportunity 3—Geographic Expansion
Strategic Imperatives for Success and Growth
Consumer Electronics Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Industrial Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast Discussion (continued)
Transportation Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Others Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
The Last Word—3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
List of Companies
List of Companies (continued)
List of Exhibits
List of Exhibits (continued)
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Research Highlights
This research study tracks the global market demand for ultracapacitors, including all three types of construction. Electrical double layer capacitor (EDLC) is the most prominent type, followed by hybrid and pseudo capacitors, used in emerging applications. This deliverable also tracks end-user applications in detail with revenue contribution from each of end-user application. The end-user applications discussed in detail are consumer electronics, industrial, transportation, and others. Industrial equipment includes cordless power drills, uninterrupted power supply (UPS), material handling equipment, and renewable energy installations. Similarly, the transportation application includes hybrid electric vehicles (HEVs) and electric vehicles (EVs), encompassing passenger cars, buses, and trucks. The study highlights the increasing adoption of elective vehicles, leading to increased market potential for ultracapacitors.
Market trends have been analyzed for the study period between 2016 – 2026, with the base year being 2019. The study covers North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW) regions. The study assesses the latest trends across the globe and discusses the various uses of ultracapacitors in consumer, industrial, and automotive applications with detailed forecast for each segment. The total market is expected to grow from $915.0 million in 2019 to $2.36 billion in 2026, at a CAGR of 14.5Percentage with strong growth expected from North America and APAC. Fierce competition is expected, especially in Asia, from Japanese participants that compete with quality products. Some companies that have been considered in this study are Maxwell, Eaton, Skeleton technologies, Nawa, and Panasonic Corporation.
Key Issues Addressed
- Is the market growing, how long will it continue to grow, and at what rate?
- What is the current competitive structure like?
- What will be the influence of new technologies, such as electric vehicles or Industrial Internet of Things (IIoT), on this market?
- How will the structure of the market change with time? What is the role of mergers and acquisitions in shaping up the market?
- What is the role of regional differences in the growth of this market?
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Suba Arunkumar |
| Industries | Energy |
| WIP Number | MEC6-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9AFE-A4,9AFF-A4,9B00-A4,9852 |
Global Ultracapacitor Market, Forecast to 2026
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Special Price $3,712.50 save 25 %