Supercapacitor
Market Analysis: End Products (PV, UPS, Cameras, Defibrillators, Wind Turbines,
Buses); Type (EDLC, Pseudocapacitors, Hybrid); Application (Energy and Power,
Electronics and Transportation) – With Forecast (2015 – 2020)
Super
capacitors 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.
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Electrochemical battery has a defined life cycle but the supercapacitor can be charged and
discharged unlimited number of times with a very little wear and tear. Under
normal working conditions, superconductor will fade to 80% of its efficiency in
10 years. Supercapacitors can work in a very wide temperature range from -40
degrees to over 70 degrees. Self-discharge rate of supercapacitors is
substantially higher as compared to battery; superconductor discharges to 50%
of its capacity in 30 to 40 days.
The supercapacitor
attains its properties from the interaction of internal materials used for
manufacturing it. The thermal and electrical characteristics of the capacitor
depend on the combination of the electrode material and the electrolyte type. Supercapacitors work at a low voltage
and its safe operation requires the voltage to remain within specific limits,
series combination of cells is required for higher voltage applications.
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A recent study suggests that the supercapacitor market is estimated to register a CAGR of around
35.4% for the period 2015-20. The market for supercapacitor is projected to reach
around $4.2 Billion in 2012. Consumer
electronics and automotive segment will be the highest revenue generating
segments for supercapacitors. North America was a leading market region for
supercapacitors in 2014 with 43% market revenue followed by Europe with 26%
market revenue.
The major advantages from super
capacitors are: power supply stabilization, energy storage, voltage
stabilizations and energy regeneration among others. Super capacitors have a
wide range of applications. Super
Capacitors have wide range of applications in various industries which
include industries such as Consumer Electronics, Industrial Automation, Power
& Energy, Healthcare, Transportation and others.
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Huge amount of funds have been pooled in the recent years to
conduct R&D for development of the supercapacitor importantly from
countries such as China, France, Korea and U.S being high. The players in the super capacitor market are putting
significant efforts towards new and innovative product lines which are expected
to sharply increase the demand for super capacitors. Companies are focusing on
product development and product launch as a strategy to capture higher market
share. Technological development will help supercapacitor
industry in improving energy density and proving higher power performance.
Supercapacitor as of now cannot replace batteries but are used along with
batteries to obtain higher efficiency, provide reliable functioning and
increase life of batteries.
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