Global Supercapacitor Market to See Impressive Growth through 2022

LONDON - Dec. 15, 2016 - PRLog -- In the past year, the world's market for supercapacitors was estimated at more than USD 568.2 million. The major market growth driving factors include high storage capabilities (in comparison to conventional capacitors and batteries) and also other unique capabilities of supercapacitors. However, there are certain market growth restraints, for example, high initial cost of materials.

Between 2016 and 2022, the supercapacitor market is anticipated to see impressive growth at a double-digit CAGR of almost 21%.

Nowadays, supercapacitors are extensively used in the consumer electronics industry. There is a great number of electronic application in the modern world that require a burst of power, including laptops, smartphones, emergency kits, cordless tools, toys, computers, flashlights, kitchen gadgets, and many more. The shelf life of different consumer electronics increases, and supercapacitors could emerge as a substitute for batteries. Thus, on the basis of supercapacitor applications the consumer electronics sector is expected to see the highest growth rates through 2022.

Geographically, the highest increase during 2016-2022 is expected to be witnessed in the APAC supercapacitor market. This can be attributed to expanding urbanization and increasing industrialization in the region. The most prominent markets for supercapacitors in the APAC region include China, India, Japan and South Korea.

New topical report titled "Supercapacitor Market by Type (Double Layer, Pseudocapacitor, and Hybrid), Application (Laptop, Camera, Power Backup, Memory, UPS, Aircraft, Solid-State Disc Drives) Vertical, and Geography - Global Forecast to 2022" worked out by MarketsandMarkets offers deep insights into the supercapacitor market landscape and discloses updated trustworthy statistics on the current and historical market performance. It examines the major market growth influencing factors, reviews the competitive environment, discusses top trends, highlights regulative framework and also investigates the scenario across the main geographical markets for supercapacitors. In addition, the report contains a comprehensive future outlook through 2022.

The insightful report on the world supercapacitor market is available at https://marketpublishers.com/report/chemicals_petrochemicals/supercapacitor-market-by-materials-electrodes-electrolyte-n-separators-products-consumer-industrial-transport-n-others-applications-primary-energy.html