Global Supercapacitor Market is Projected to Reach around $4.2 Billion by 2020

Date: 2016-01-07

Supercapacitor Market shall touch and cross the $4 Billion mark during the forecast period 2015-2020 with an expected CAGR growth rate of 35.4% for the overall market. Whereas the healthcare segment individually in Supercapacitor is projected to show a 42.2% CAGR growth until 2020, owing to the increase in disposable and wearable medical devices, such as disposable insulin device or fitness tracking devices.

The Supercapacitor Market is propelled by a few Major Driving Factors like:

Transportation Industry: Increase in renewable energy has led to the increased popularity of Electric Vehicles and the growing demand for these is surely set to drive the global supercapacitor market. The potential zones for the Transportation Industry are observed to be China, Japan and North America.
Consumer Electronics Industry is an important propelling avenue.
Healthcare segment is hoped to grow at the highest annual growth rate until 2020 owing to the escalating demands from the industry for effective power management and wearable devices.

Regional Analysis:
IndustryARC suggests that APAC shall witness a growth upto $897 Million in the Supercapacitor Market. North America led the Supercapacitor Market in 2014 with revenue of $710 Million accounting for more than 40% of the total market share. On the other hand, APAC proves to be the most encouraging region for the market, owing to the support provided by China and Japan. More particularly, China, among all the countries is most promising with rising demand for supercapacitor in transportation and medical fields. China being the largest energy consumer in the world plays a major role in the global transition to a sustainable energy future.

Market Segment Insights:
By 2020, Chinese firms are forecast to account for a majority share of the total Supercapacitor Market, due to the high demand in Asian markets coupled with production, distribution efficiencies of the companies.
Americas was a leading region for supercapacitor in 2014 with 43% market revenue followed by Europe with 26% market revenue.
Electric Vehicles, whose shipments are estimated to reach 6.3 Million units by 2022, is a huge opportunity for the supercapacitor manufacturers.
Consumer electronics and automotive segment will be the highest revenue generating segments during the observation period, 2015-2020.
Demand from Transportation and Healthcare segments, combined to assist in the Supercapacitor Market to grow at a healthy 35% CAGR by end of 2020.

Key Market Players:
Bombardier Inc.
Cellergy Ltd (PCB Technologies Ltd.) 
Maxwell Technologies, Inc. 
Panasonic Corporation 
Skeleton Technologies

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