ICT & Electronics Global Super Capacitor Market Outlook | Page 2

Increasing Demand for Highly Efficient Energy Harvesting Systems to
Foster the Growth of Super capacitor Market In Future
The global super capacitor market is segmented into types such as electric double
layer capacitors, hybrid capacitors and pseudo capacitors. Among these
segments, double layer capacitor segment is expected to dominate the overall
super capacitor market during the forecast period. Wide scale application of
double layer capacitor in portable electronics, medical appliances and hybrid
transport vehicles is increasing the market size of super capacitor globally. On the
other hand, hybrid capacitors market is anticipated to grow at highest pace
during the forecast period.
Global super capacitor market is expected to register a CAGR of 14.6% over the
forecast period. Moreover, the global super capacitor market was valued at USD
2.2 Billion in 2015. Increasing demand for efficient energy storage technology is
expected to drive the growth of super capacitor market. Moreover, rising
application of super capacitor in smart grids, hybrid & electric vehicles and
renewable energy harvesting system are anticipated to facilitate the expansion of
super capacitor market.
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North America accounted for the highest percentage of market share, with 39.0%
in overall super capacitor market. Factors such as increasing awareness regarding
energy saving and renewable energy storage is fuelling the growth of super
capacitor market in North America. Moreover, increasing expenditure on
research & development activities is expected to strengthen the market of super
capacitor in the next few years.
Favourable Government Initiatives and Support