NanoMarkets forecasts supercapacitor market to reach $3B in 2016; decrease in transportation market share
Worldwide sales of supercapacitors (EDLCs) will grow from around US$400 million in 2010 to reach about $3.0 billion by 2016, according to a new report from NanoMarkets. The transportation/vehicular sector’s market share, which currently accounts for almost 60% of the supercapacitor market, will fall to around 35% as new applications for supercapacitors emerge, according to the report.
Nanomarkets sees the fastest growing market for supercapacitors in the consumer electronics industry, which is expected to demand more than $725 million in these devices by 2016. NanoMarkets also believes that frequency regulation in next-generation electricity grids will provide $540 million in business for supercapacitor firms in 2016.
NanoMarkets believes that the rapid improvement in performance of supercapacitors in the past five years has dramatically increased the markets that can be addressed by supercapacitors and expects further growth driven by the use of new electrode and electrolyte materials and by further miniaturization of the supercapacitors themselves.
In addition to quantifying the supercapacitor market and analyzing its key trends, the report discusses the activities of leading firms including CAP-XX, ESMA, Ioxus, LG, Maxwell, NEC, Nesscap, Nippon Chemi-Con and Panasonic and of some of the growing number of supercapacitors start-ups including Advanced Capacitor, Axion, EEStor, EnerG2, FastCAP, Graphene Energy, Reticle, and Y-Carbon.
NanoMarkets is a provider of market and technology research and industry analysis services for the energy, advanced materials and devices businesses.