Electric Double-layer Capacitor Market Size Estimates and Forecasts By Key Players2019-10-01 [10:41]
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Electric Double-layer Capacitor Market Size Estimates and Forecasts By Key Players – EPCOS, Nippon Chemi-Con, ELNA, CAP-XX, Nesscap Energy, Skeleton Technologies, Nichicon, IOXUS, APowerCap Technologies // September 30, 2019
Global Electric Double-Layer Capacitor (EDLC) Market is expected to grow at a CAGR of 12.5% during the forecast period. Some of the key factors influencing the market growth include increasing demand for environment-friendly technologies, rising implementation of graphene and carbon nanotube EDLCs and growing government rules regarding carbon emissions. However, high costs and limited scalability is restraining the market growth.
EDLC applied devices have higher power capacity, longer life cycle, and quicker charging conditions. Automotives accounted for the major shares of the EDLC market amongst applications. Automobile manufacturers are working on using electrical energy instead of fossil fuels in order to decrease the number of carbon emissions and to be in line with eco-friendly trends and to devote a better global environment. With the increase in technological advancements, along with the necessitate to lessen the hazardous effects of electronic waste in the environment, many companies are using EDLC’s to surrogate electrolytic batteries, consequently fueling the market growth.
By Geography, North America has the Largest Share in Electric Double-layer Capacitor Market during the forecast period. The innovation of old transmission power grids augmented diffusion of electric vehicles, and the increasing need for wireless chargers for vehicles are some of the factors that are expected to impact the market growth in North America. Electronic gadgets perceive high implementation rate in the country. The US is one of the technologically advanced nations in the world, most people purchase consumer electronics on a regular basis. Smartphones, tablets, portable speakers, and AI-assisted electronics are experiencing high growth in the region.
Some of the key players in global Electric Double-Layer Capacitor (EDLC) market are Panasonic, Murata Manufacturing, Cellergy, Maxwell Technologies, EPCOS, Nippon Chemi-Con, ELNA, CAP-XX, Nesscap Energy, Skeleton Technologies, Nichicon, IOXUS, APowerCap Technologies, Evans Capacitor, LS Mtron, VINATech, Yunasko and Tecate.
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Tags:Electric Double-layer Capacitor Market
Source : Premium Market Insights, by Sameer Joshi
You can find the whole news report from Premium Market Insights (Sept 30th, 2019)
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