Supercapacitor market worth $2.10 billion by 2020

DALLAS, USA: According to the new market research report "Supercapacitor Market by Materials (Electrodes, Electrolyte, and Separators), Products (Consumer, Industrial, Transport, and Others), Applications (Primary, Energy, Wireless, and Others), and Geography - Analysis & Forecast (2013 - 2020)", published by MarketsandMarkets, the global Supercapacitor Market is estimated to grow at a CAGR of 26.93 percent from 2014 to 2020, which includes in-depth analysis of materials, products, application and geography.

The global supercapacitor market is in its growth stage, however, it contains a great potential across many industry verticals such as consumer electronics, transportation, and industrial segments. Supercapacitor is finding its place in such applications due to its advanced features such as high power pulse, extended battery life, and lower battery cost for consumers.

The highlighting features such as regenerative braking and easy application in hybrid electric vehicles have made supercapacitor the best suited device in transportation and industrial application. A massive increase in the renewable energy generation has been observed in countries such as Europe, Asia, and the Americas. Thus, this shows that the integration of renewable energy with supercapacitor has increased rapidly over a period of time.