Ultracapacitors Market is expected to reach USD 3.1 Billion globally in 2019: Transparency Market Research

Ultracapacitors Market is expected to reach USD 3.1 Billion globally in 2019:
                         Transparency Market Research

  PR Newswire

  NEW YORK, September 27, 2013

NEW YORK, September 27, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research "
Ultracapacitors Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2013  -  2019, " the global ultracapacitors market was
worth USD 672.0 million in 2012 and is expected to reach USD 3,120.0 million
in 2019, growing at a CAGR of 25.2% from 2013 to 2019. Asia Pacific was the
largest market for ultracapacitors in 2012 due to the increasing demand and
huge potential of ultracapacitors in automotive, industrial, energy, military
and electronic sectors.

Browse the full report with complete TOC at 

This market is primarily driven by decreasing price and increasing application
in regenerative breaking, micro-hybrids/stop-start systems, HEVs and
aerospace/military. In addition, stringent government regulations related to
carbon emissions in regions such as Europe, North America and China is
supporting the growth of ultracapacitors. At the same time, benefits
associated with ultracapacitors such as unlimited life cycle which is higher
as compared to conventional batteries is expected to increase its demand in
the coming years. Although the technology of ultracapacitors is dated, the
usage of ultracapacitors is still at a nascent stage. High price as compared
to conventional batteries and low awareness about this product and its
benefits is inhibiting ultracapacitors' growth globally. However, the price is
coming down and will have less negative impact on this market in the coming

By applications, automotive sector was the largest followed by electronics in
2012, and is expected to maintain its position throughout the forecast period.
Increasing adoption of ultracapacitors in the start stop systems in different
vehicles is expected to fuel its growth in the near future. Among different
vehicles in the automotive sector, buses accounts for the highest share due to
the high adoption of ultracapacitors. However, energy sector is the emerging
sector for ultracapacitors offering huge potential for energy storage in solar
and wind sector. It is expected to experience robust growth rate, i.e., 27.8%
from 2013 to 2019.

Geographically, Asia Pacific held the largest share and accounted for 35.1% of
the total market in 2012. China and Japan are the major countries supporting
the growth of ultracapacitors in Asia Pacific. In addition, the leading
manufacturers of ultracapacitors are focusing on these countries to increase
their sales. The North America is expected to witness robust growth, i.e.,
26.7% as it has been a pioneer in adoption of ultracapacitors.

Maxwell Technologies (U.S.), Nesscap Co. Ltd. Co. Ltd (South Korea), Nippon
Chemi-Con Corp. (Japan), Panasonic (Japan), NEC Tokin (Japan), LS Mtron (South
Korea), Ioxus (U.S.), VINATech (South Korea) and SPS (China) are the popular
players in the ultracapacitors market, while Maxwell Technologies enjoyed
maximum market share in 2012. The number of players in this market has
increased in last few years and more number of players is expected to enter
this market in the coming years. However, global players are likely to
dominate the market by joining hands with local players.

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The market has been segmented as follows for better understanding and to
formulate winning strategies for the market players.

Ultracapacitors Market by Applications

  *Smart Grid
  *Energy Harvesting
  *Solid State Disk Drive
  *Non-volatile RAM
  *Others (Aerospace/Military and Sensor Technology)

Ultracapacitors Market by Geography

  *North America
  *Rest of Europe
  *Hong Kong
  *Rest of Asia Pacific
  *Rest of world
  *South America
  *Middle East

Browse all Semiconductor & Electronics Market Research Reports @

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