Published Date : Nov 21, 2016
ALBANY, NY, Nov 21, 2016: This report offers a thorough reports of the market for automotive ultracapacitors and covers the market on key aspects. In the market snapshot section of the study, the top technological developments taking place in the market at present and their impact on the growth of the market have also been encapsulated. The primary outcomes of the five forces evaluation in the market have also been presented in this study. The chief threats and opportunities impacting the dominant players in the ultracapacitor market also form an integral part of this report.
The first part on the market overview presents the introduction of the market and covers the main market highlights. The market is predicted to exhibit a whopping CAGR of over 19.0% between 2016 and 2020. The definition of automotive ultracapacitors and their different types have also been covered under this part of the study. The key advantages of using automotive ultracapacitors have also been encapsulated under this part of the report. The employment of ultracapacitors within the automotive and transportation industries has been elaborated upon under this section of the report.
The segmentation of the market comes next in the report. The global automotive ultracapacitors market is segmented in terms of application and geography. Application-wise, the report categorizes the market into active suspension, regenerative braking, and start-stop systems. Of these, the segment of start-stop systems held a top share in the market in 2015 in terms of revenue. This is owing to the fact that this segment aids in lowering the emission of toxic gases and aids in cost-savings. Hence, the utilization of automotive ultracapacitors aids in restarting the engine utilizing a meagre amount of power and still achieving full efficiency. All these factors will contribute to the demand for start-stop systems in the coming years.
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In terms of geography, the report segments the global automotive ultracapacitors market into Asia Pacific (APAC), the Americas, and Europe, the Middle East and Africa (EMEA). Of these the EMEA automotive ultracapacitors market is poised to hold a significant share in the forecast period, in terms of revenue. This is due to the skyrocketing demand for electric vehicles in nations such as Italy, France, Germany, Norway, the Netherlands, the UK, and Spain because of the transforming infrastructure and government incentives being provided in these nations.
The forces driving and impeding the growth of the market come next in the report. The growing government focus on curtailing carbon emissions will result in an increased employment of ultracapacitors globally owing to the eco-friendly storage provided by them. In addition, the increasing focus toward launching efficient vehicles is resulting in new application areas of automotive ultracapacitors in the automotive industry, thus fuelling the overall growth of this market. Furthermore, the employment of ultracapacitors within electric turbochargers is a prime opportunity seen in the market.
Contrariwise, the reduced energy density of automotive ultracapacitors result in an increased demand for batteries. This may work against the growth of the overall market.
The leading players in the market are Maxwell Technologies, Nesscap, Nippon Chemi-Con, Panasonic, and Skeleton Technologies, among others, as per this study.
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