According to the research report titled ‘Supercapacitor Market Size By Type (Electrostatic Double-Layer Capacitor (EDLC), Pseudo-Capacitor, Hybrid Capacitor), By Electrode Material (Carbon-based Supercapacitor, Metal Oxide-based Supercapacitor, Conducting Polymer-based Supercapacitor, Composite-based Supercapacitor), By Application (Consumer Electronics & Home Appliances, Automotive & Transportation, Energy & Utilities, Industrial, Aerospace & Defense), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, supercapacitor market is anticipated to showcase notable growth through 2027.

Report findings suggest that global supercapacitor market is primarily driven by growing prominence on renewable energy in power generation, and rising global demand for electric vehicles.

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For the unversed, a supercapacitor is a capacitor that has a higher capacity and lower voltage limit than regular capacitors. This enables it to function as a bridge between rechargeable batteries and electrolytic capacitors. Supercapacitor store 10 to 100 times more energy per unit volume or mass than electrolytic capacitors, charge & discharge faster than batteries, and can endure many more charge & discharge cycles than standard rechargeable batteries.

These electrochemical energy storage devices use reversible ion adsorption and desorption at the electrode-electrolyte interfaces to store and release energy. Widespread industrial automation and rapid adoption of industrial robots in developing countries have fuelled industry growth in the recent years.

Based on electrode material terrain of global supercapacitor market, the composite-based segment is expected to grow at a CAGR of 9% over the study period, owing to increasing R&D activities centred on composite raw materials for developing technically advanced and high-energy-density supercapacitors.

In-terms of application scope, the consumer electronics & home appliances segment is anticipated to reach a significant valuation by 2027, expanding at a CAGR of 12% during the review period, due to increasing product usage in smart home technology products.

Regionally, Latin America industry is expected to register a yearly growth rate of 8.5% during the assessment period. The expansion is attributed to rising government initiatives to accelerate the growth of industrial manufacturing and processing sectors of the region.

The key players in worldwide supercapacitor market are Würth Elektronik Group, Vishay Intertechnology, Inc., TDK Corporation, Taiyo Yuden Co., Ltd., SPEL Technologies Private Limited, Skeleton Technologies, Shanghai Green Tech Co., Ltd., Shanghai Aowei Technology Development Co., Ltd., Panasonic Corporation, Nippon Chemi-Con Corporation, Maxwell Technologies, Inc., LS Materials Co., Ltd., KYOCERA AVX Components Corporation, Korchip Corporation, KEMET Corporation, Jinzhou Kaimei Power Co., Ltd., Nantong Jianghai Capacitor Co., Ltd., IOXUS, Inc., Evans Capacitor Company, Eaton Corporation plc, Chengdu Ztech Polymer Material Co., Ltd., and CAP-XX Limited.