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Supercapacitor Market Outlook, Share, Analysis and Future Scope 2022-27

According to the latest report by IMARC Group “Supercapacitor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global supercapacitor market reached a value of US$ 3.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 14.3 Billion by 2027, exhibiting a CAGR of 27.5% during 2022-2027.

A supercapacitor, also known as an ultracapacitor, refers to an electronic device that stores extensive amounts of electrical charge. It comprises of two metal plates coated with porous activated carbon that are immersed in an electrolyte. Compared to the traditionally used batteries, supercapacitors offer numerous benefits, such as delivering stabilized power, remaining operational for a broader range of temperatures, handling more fluctuations, etc. Consequently, supercapacitors are utilized in smartphones, laptops, and other electronic devices that run on batteries and require fast and regular charging to function. As a result, supercapacitors are widely used across various sectors, such as automotive, transportation, consumer electronics, power and energy, healthcare, etc.

Market Trends:

The growing requirement for energy-efficient equipment for solar and wind power systems is one of the key factors driving the supercapacitor market. Furthermore, the expanding product usage in the automotive industry for regenerative braking, short-term energy storage, burst-mode power delivery, etc., is also catalyzing the market growth. In line with this, supercapacitors are used in automobiles for smooth charge and discharge cycles, which is acting as another significant growth-inducing factor. Moreover, the shifting consumer preferences towards electric vehicles (EVs) and Hybrid Electric Vehicles (HEV) are further augmenting the global market. In addition to this, the escalating demand for consumer electronic products with high or long-lasting battery capacities is anticipated to fuel the supercapacitor market over the forecasted period.

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