Ultracapacitors

Transparency Market Research
Global Ultracapacitors Market to Reach
US$3.1 bn by 2019, Rising Demand from
Automotive Sector to Drive Growth
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An ultracapacitor which is also known as supercapacitor is a high-capacity electrochemical capacitor capable of
storing huge amounts of energy than a regular capacitor. As compared to a normal capacitor, an ultracapacitor can
store 100 times more energy, they can receive and deliver charge faster than batteries, and can take greater
number of charge and discharge cycles than normal rechargeable batteries. The application of ultracapacitors
alongside batteries is expected to increase, and ultracapacitors are also expected to emerge as a replacement for
batteries in the coming years. Batteries and ultracapacitors can be differentiated primarily on the basis of their
functionality. Ultracapacitors are power devices whereas batteries are energy devices.
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The Global Ultracapacitors Market estimates to report an impressive CAGR of 25.20% during the period from 2013 to
2019 and reach a market value of US$3.1 bn by the end of the forecast period.The declining prices of raw materials
have boosted the demand for ultracapacitors in the global arena over the past few years. Various rules and policies
aimed at cutting down carbon emissions implemented by several governments across the world have also added
substantially to the growth of the global ultracapacitors market, the report states.
As governments across the globe are tightening their leashes around release of carbon emissions, at national levels,
the need for ultracapacitors by the automobile sectors and others is growing at a rapid pace. The need to think of
environmentally-friendly energy storage methods is the crucial ingredient that is encouraging the growth of global
ultracapacitors market. In the coming years, as the “go green” resolves pick pace, they will drive the ultracapacitors
market in various parts of the part for both, the manufacturers and buyers.
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In terms of geography, Asia Pacific was the biggest market share holder in the global ultracapacitors market in 2012.
Some of the prominent regions in the Asia Pacific region that have made an indelible impact on the economy of
ultracapacitors market are China, Australia, Japan, India, and Singapore. The leading manufacturer of ultracapacitors
China as the government has been imposing strict regulatory norms pertaining to carbon emissions of vehicles.
Ultracapacitors find an indispensable use in hybrid buses of China which is further fueling the growth of this market
in the Asia Pacific region.
Some of the major companies making a difference in the global ultracapacitors market are Maxwell Technologies,
Nesscap Co. Ltd. (South Korea), Panasonic, Maxwell Technologies (U.S.), VINATech (South Korea), Nippon Chemi-Con
Corp. (Japan), LS Mtron (South Korea), Panasonic (Japan), Ioxus (U.S.), and SPS (China). Presently, Maxwell
Technologies holds the largest market share in the global ultracapacitors market.
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An ultracapacitor (also known as supercapacitor) is a double-layer electrochemical device which can store thousands of times more energy than a common capacitor. The market was valued at USD 672.0 million in 2012 and is expected to increase to USD 3,120.0 million in 2019 i.e., at a CAGR of 25.2% from 2013 to 2019. Rising cost of fossil fuels, depletion of natural resources and carbon emissions is paving the way for alternate means of transportation