Strong Surge Projected for Global Supercapacitors
Consumer electronics represents the largest market for supercapacitors.
The global market for supercapacitors reached $828.48 million in 2017 and is expected to climb to over $4.9 billion by 2026, growing at a CAGR of 22.1%, according to a recent report available from Research and Markets. Growth drivers include the large storage capacity of supercapacitors, as well as their increased use in energy harvesting applications and vehicles such as aircraft and train. However, the high prices of raw materials and the availability of low-priced substitutes are hampering the market.
By material, graphene enables large-volume energy storage with high power and low costs, making it attractive for electrical and electronic manufacturers. Consumer electronics represents the largest market for supercapacitors. The demand from users to make appliances that can run for long time periods is providing growth opportunities and increased adoption of supercapacitors.
Additional details are available at www.researchandmarkets.com.