The Europe Supercapacitor Market would witness market growth of 13.9% CAGR during the forecast period (2022-2028).
The ability of supercapacitors provides emergency shutdown power or backup to low-power equipment like SRAM, RAM, microcontrollers, and PC cards, as well as emerging market segments such as HEV, smart grids, and renewable energy systems, which are the main factors driving the supercapacitors market. In addition, it is anticipated that rising demand for micro-supercapacitors and innovative solar & wind energy applications would offer profitable opportunities for the industry's future expansion.
A number of vendors are releasing new products to support the market. Battery-powered industrial applications like smart meters, video doorbells, smoke detectors, and medical applications all depend on supercapacitor charging and discharging to sustain peak loads and backup power, which are important for a continuous operation. More research is being done on developing inexpensive as well as novel solutions based on existing supercapacitor technology, providing a more cost-effective and environmentally friendly alternative to current models and highlighting the necessity of lowering the cost of producing carbon-based electrodes and the dependence on essential components.
As companies in nations like the United Kingdom and Germany try to accommodate their employees who are working from home due to the laptop, network peripherals, coronavirus pandemic, & hardware components are in high demand. The introduction of the "stay at home" lifestyle has also increased the demand for a laptop for personal use. This increase in demand would encourage the development of laptop carry cases in Europe. Owing to this, large use of consumer electronic such as laptop would grow the demand for supercapacitors.
The Germany market dominated the Europe Supercapacitor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $59.1 million by 2028. The UK market is anticipated to grow at a CAGR of 13% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 14.7% during (2022 - 2028).
Based on Type, the market is segmented into Double Layered Capacitors, Pseudo capacitors and Hybrid Capacitors. Based on Application, the market is segmented into Automotive, Consumer Electronics, Energy, Industrial, Aerospace, Medical and Others. Based on Electrode Material, the market is segmented into Carbon, Metal Oxide, Conducting Polymers and Composites. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Supercapacitor Market will Hit $952.9 Million by 2028, at a CAGR of 14.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Corporation, Eaton Corporation PLC, Cornell Dubilier Electronics, Inc., CAP-XX Ltd, Nippon Chemi-Con Corp., Ioxus (XS Power Batteries), Kilowatt labs, Inc., Targray Technology International Inc., and Skeleton Technologies.
By Type
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By Electrode Material
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