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