Supercapacitor Market Analysis: End
Products (PV, UPS, Cameras, Defibrillators, Wind Turbines, Buses); ype (EDLC,
Pseudocapacitors, Hybrid); Application (Energy and Power, Electronics and
Transportation) – With Forecast (2015 – 2020)
Super capacitors are electrochemical
capacitors that are capable of holding more energy per unit volume and can bear
multiple charge and discharge cycles compared to conventional batteries. These
are also called as Ultra-Capacitors
and are governed by same governing principles as conventional capacitors but
are incorporated with high surface areas and thinner dielectrics which decrease
the distance between the electrodes that enable power supply stabilization,
greater energy storage, energy regeneration and many more. Due to these
properties, the super capacitors
find application in electric vehicles, cars, buses, elevators, and others where
regenerative braking and short term energy storage needs to be achieved.
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The
super capacitors market is forecast
to grow at a rate of 35.4% during the period 2015-2020. The high growth is due
to the increasing adoption of super
capacitors into transportation, consumer electronics and healthcare
industry. Electric vehicles and medical equipment are the key end use products
which require efficient regenerative braking and short term storage of energy
and are estimated to significantly escalate the market value.
Table of
contents and insights:
The
healthcare segment is the highest growing market in the period 2015-2020 owing
to the escalating demands from the industry for effective power management and
wearable devices. The medical wearable devices require compact and high energy
storing devices and the ultra-capacitors
meet the requirements and offer cheap, low power, and support batteries. In
2015, CAP XX Co. Ltd has launched a product of 0.6mm thickness which is ideally
suitable for wearable and portable devices. With increase in the disposable and
wearable medical devices, such as disposable insulin device or fitness tracking
devices, the market for super capacitors
is set to witness a high growth rate of 42.2% in the forecast period.
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At
the same time, the market growth is forecast to be aided by the transportation
products. Buses, Electric Vehicles, Trams, and so on are the prime potential
target for the companies to develop products. The electric vehicle market is
the promising among all of the transportation products whereas the trams, metro
trains are seen as the potential segments owing to the government projects in
certain regions. In China, in May 2014,
100% super capacitors powered low
floor train was launched in which the ultra-capacitors
provide the necessary power to the traction system. The capacitors in this train are capable of 1 million charging cycles,
that is, it possesses lifespan of around 10 years. Hence, with more such
initiatives the not only transportation cost is reduces but performance also
can be improved. Thus, the market has growth prospects in the transportation
and healthcare industries.
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