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Electric Double-Layer Capacitor (EDLC) Market Insights
The global electric double-layer capacitor market is likely to grow rapidly. Increasing demand for energy storage solutions in electric vehicles would drive the market growth. Market Research Future (MRFR) states that the global electric double-layer capacitor market value is poised to escalate from USD 0.61 BN in 2022 to USD 1.92 BN by 2032, growing at a 13.60% CAGR throughout the assessment period (2023-2032).
Electric double-layer capacitor (EDLC) is supercapacitors that deliver exceptional energy density, providing an efficient and compact energy storage solution. These 2 supercapacitors also excel in applications requiring quick power bursts due to their ultra-fast charging and discharging capabilities. In most cases, these EDLCs also seamlessly operate across a wide temperature range. This makes them suitable for deployment in challenging environmental conditions.
Exciting advancements in material sciences are propelling the evolution of energy storage and power supply systems. The industry’s need for extended, higher-power solutions, with a dedicated focus on driving innovation and sustainability in supercapacitor solutions, substantiates the market size. Besides, the growing interest in renewable energy systems, alongside the increasing adoption of EDLCs for their high power density and long cycle life, boosts the market size.
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Major Players
Leading electric double-layer capacitor market players include
Electric Double-Layer Capacitor Market – Segments
The report is segmented into end-users and regions. The end user segment is sub-segmented into energy & utilities, consumer electronics, industrial, automotive & transportation, and others. By region, the electric double-layer capacitor market is segmented into the Americas, Europe, Asia-Pacific, and the rest of the world.
Electric Double-Layer Capacitor Market – Geographical Analysis
North America dominates the global electric double-layer capacitor market. The strong focus on technological innovations and research & development activities drive the electric double-layer capacitor market demand. EDLC technology is the preferred choice for various applications, including electric vehicles, renewable energy, and consumer electronics, boosting the market size in the region.
The rapid adoption of electric double-layer capacitor transmission systems and vast investments in developing these systems are key growth drivers. With the rapid adoption of electric double-layer capacitors in consumer electronics, the U.S. holds the leading position, while Canada stands second in the North American electric double-layer capacitor market.
Electric Double-Layer Capacitor Market – Competitive Analysis
Intensely competitive, the ELDC market is well-established, with many large and small-scale players. Strategic initiatives such as acquisition, expansion, collaboration, and product launch remain the key trends to gain a larger competitive advantage. The market’s competitive landscape is based on the market participants, production capacities, supply chain, and revenue generation.
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Industry/ Innovation/ Related News
Oct. 03, 2023 — Abracon, a leading provider of frequency control, timing, power, magnetics, RF & antenna solutions, launched its brand-new line of 2.7V & 3.0V EDLC radial supercapacitors, 2.7V & 3.0V EDLC radial supercapacitors. These new supercapacitors can revolutionize energy supply and storage with their unmatched performance, reliability, and versatility.
Abracon’s new supercapacitor line is designed and engineered to address the ever-growing demands for high-capacity, fast-charging energy storage solutions across various industries, including automotive, renewable energy, industrial automation, and consumer electronics.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
