Super Capacitors Market to grow at a healthy 35% CAGR till 2020 Super Capacitors Market | Page 14

To Enquire About the Report Click Here KEY INSIGHTS  The growing demand for electric vehicles and trams is set to increase the Super Capacitors shipments significantly  Chinese firms are forecast to account for a majority share of the market by 2020, due to high demand in Asian markets coupled with production, distribution efficiencies of the companies.  Healthcare is in the forefront in adoption of super capacitors and is estimated to grow at highest annual growth rate until 2020.  The majority market share in super capacitor market is held by consumer electronics followed by transportation segment in 2014.  Electric Vehicles, whose shipments are estimated to reach 6.3 million units by 2022, is a huge opportunity for the super capacitor manufacturers.  The prices of the super capacitors have come down significantly by over 90% from 2004. In past two to three years alone, the prices have fallen by 85%.  The potential regions to invest are China, Japan and North America owing to the increasing transportation market.  The top three players together constituted for 48% of the market share in 2014.  The largest orders are being placed in China and elsewhere in East Asia for protecting bus traction batteries, enhancing performance and for harvesting the braking energy of trains.