Global Solid Electrolyte Supercapacitor Market To Grow At 3.46% CAGR To Reach $1,097.42 Million By 2026 – Growth Drivers, Restraints, Company Landscape, Challenges, Opportunities And Future Outlook: Proficient Market
Proficient Market announces the release of the report “Global Solid Electrolyte Supercapacitor Market by Product Type (Double Layer, Pseudocapacitor and Others) and by End-Users/Application (Energy Storage, Power System, Electronic Device and Others) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2015 – 2027” to its research database. This Solid Electrolyte Supercapacitor Market report analyzes the comprehensive overview of the market comprising an executive summary that covers core trends evolving in the market.
In terms of revenue, global solid electrolyte supercapacitor market in 2018 stood at USD 399.50 million and is expected to reach USD 1,097.42 million by 2026 growing at a CAGR of 15.28% from 2019 to 2026.
Some of the global major players operating in the solid electrolyte supercapacitor market include: Maxwell Technologies Inc., Panasonic Corporation, AVX Corporation, Nippon Chemi-Con Corporation, Loxus Inc. and others.
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Drivers for the Global Solid Electrolyte Supercapacitor Market: One of the major factor to drive the Solid Electrolyte supercapacitor market is rise in gasoline prices, due to which governments are laying down regulations that helps in promoting fuel-efficient and environment friendly means of transportation. Along with this, the growth of the supercapacitor market is also influenced because it is widely used in trains & aircrafts. In addition to this, growing applications of regenerative braking systems used hybrid electric vehicles (HEVs) increases the demand for the Solid Electrolyte supercapacitor market.
Opportunities for the Global Solid Electrolyte Supercapacitor Market: Supercapacitors are widely used in solar and wind energy applications due to their extended operational life, that helps the growth of Solid Electrolyte supercapacitor market in forecast period. The Research and Development programs that are implemented to improve supercapacitor technology that will improve the growth of Solid Electrolyte supercapacitor market.
Restrains for the Global Solid Electrolyte Supercapacitor Market: Factors that restrains the growth of the Solid Electrolyte supercapacitor market is lack of awareness about the usage of supercapacitors and low price of substitutes of supercapacitor. Moreover, the cost of supercapacitor is high, which is why the installation of supercapacitor in vehicles for start/stop application is not encouraged.
Region Wise, Global Solid Electrolyte Supercapacitor Market Analysis: North America held major share in the market because of the major use of supercapacitor in automotive industry, advancement in technology for supercapacitor production, large investing in research and development. Europe is also having maximum share in the market followed by Asia-Pacific and Middle-East.
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Global Solid Electrolyte Supercapacitor Market: Product analysis
On the basis of type, solid electrolyte supercapacitor accounted for largest share of total revenue generated from double layer.
Global Solid Electrolyte Supercapacitor Market: Application analysis
The demand of Global Solid Electrolyte Supercapacitor Market is highest from energy storage.
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Global Solid Electrolyte Supercapacitor Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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