Ultracapacitors Market Breaking Records with USD 3.1 billion in 2022, Anticipates 7.1% CAGR Surge Until 2030

How big is the Global Ultracapacitors market?

According to MarkNtel Advisors study, The Global Ultracapacitors Market size was valued at around USD 3.1 billion in 2022 and is estimated to grow at a CAGR of about 7.1% during the forecast period, i.e., 2024-30.

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Global Ultracapacitors Market Driver:

Surge in the Automotive Industry & Renewable Energy to Thrive the Market – The Ultracapacitors Market is undergoing healthy growth due to the surging automotive industry owing to technological advancements, increasing urbanization, rising environmental concerns & regulations to reduce carbon emission, etc. Stringent guidelines from governments of various countries are also prompting the use of electric vehicles & sustainable transportation to reduce air pollution, further augmenting the market share.

Also, increasing international partnerships between countries and regions may raise the demand for the automotive & transportation sectors, which again represents the need for ultracapacitors in this sector. Moreover, improving the disposable income of individuals is also responsible for supplementing the adoption of these electronic devices. Hence, this further helps to boost the Ultracapacitor Market size in the upcoming years.

Leading Companies in the Global Ultracapacitors market:

Maxwell Technologies
NEC Corporation
Nantong Jianghai Capacitor Co. Ltd.
Cap-Xx Limited
Eaton
LS Mtron Ltd.
Panasonic Corporation
KEMET Corporation (YAGEO Group)
Skeleton Technologies
others

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Global Ultracapacitors Market Segmentation:

By Type

Electric-double Layered Capacitors
Pseudocapacitors
Hybrid Capacitors

The Electric Double-layered Capacitors (EDLCs) segment holds the largest share of the Global Ultracapacitors Market.

By Power Type

Less than 10 Volts
10 Volts to 25 Volts
25 Volts to 50 Volts
50 Volts to 100 Volts
Above 100 Volts

By Application

Automotive
Consumer Electronics
Energy
Industrial
Others

Regional/ Countries Insight:

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Asia-Pacific dominated the regional market for Ultracapacitors in recent years due to the expansion of the automotive sectors & consumer electronics and fueled sales of the pseudo ultracapacitors.

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About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.