World Ultracapacitor Market to Post 17% CAGR through 2024, Predicts Variant Market Research in Its New Report Available at MarketPublishers.com
02 Oct 2017 • by Natalie Aster
LONDON – Advances in the domain of nanomaterials, soaring concerns over fuel efficiency, as well as industrial electrification have led to the development of ultracapacitors (also termed as a supercapacitor, supercondenser, etc.). Ultracapacitor have high power density, low resistance, and are able to deliver high capacity and enable high load currents.
The world ultracapacitor sector is forecast to reach USD 8,037 million in 2024, recording a 17% CAGR in the offing. The factors boosting the market growth include, among others, the soaring demand for electrified vehicles along with an upsurge in the usage of ultracapacitors in hybrid electric powertrain systems and resistance braking. However, cost of production could toss a challenge to the market participants. Meantime, a hike in the demand for ultracapacitors in electric turbine supercharger is expected to create several growth opportunities in the forthcoming years.
Ioxus, Vinatech, Nippon Chemi-Con Corporation, LS Mtron, Supreme Power Solutions, Tokin Corporation, Maxwell Technologies, Nesscap and Panasonic Corporation, amid others, are the leading players in the market space.
New research publication “Ultracapacitor Market Global Scenario, Market Size, Outlook, Trend And Forecast, 2015-2024” created by Variant Market Research offers a comprehensive overview of the marketplace.
The report offers granular categorisaiton of the sector based on application, and by geography. It estimates, qualitatively and quantitatively, the market size starting from 2015 through to 2024 and provides CAGRs for the overall market and segment-wise. The study offers an all-encompassing examination of the market dynamics comprising key market growth driving and restraining factors, and major opportunities. An exhaustive regional analysis of the market is available in the study. Furthermore, the research includes granular profiles of the dominant players operating in the world ultracapacitor market, with coverage of products and services, key financials, novel developments and business growth strategies.
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