Super Capacitor in the Consumer Electronics Market is expected to reach USD 0.48 Billion by 2032, at a CAGR of 13.85% during the forecast period 2023-2032.
Apr 17, 2024
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Market Overview
According to a Comprehensive Report by Market Research Future (MRFR), Super Capacitor in the Consumer Electronics Market Information by Product Type, Module, and Region - Forecast till 2032,"The Super Capacitor in the Consumer Electronics market will rise from USD 0.17 Billion in 2023 to USD 0.48 Billion by 2032, at a rate of 13.85% between 2023 and 2032.
Market Synopsis
A super capacitor, also known as an ultracapacitor or electric double-layer capacitor (EDLC), stores electrical energy electrostatically rather than chemically like batteries. Super capacitors have a high power density, fast energy storage and release, extended cycle life, and high charge and discharge tolerance.
Due to their unique features, super capacitors are being used more in consumer electronics. Super capacitors charge cellphones, tablets, and computers quickly. Users that need rapid recharges benefit from their high power density.
Consumer gadgets may use super capacitors as backup power sources during power outages or power source changes. IoT sensors, wearables, and smart home appliances benefit from this capability.
Super capacitors store energy from light, heat, and motion. In consumer electronics, energy harvesting extends battery life or powers low-power devices like wireless sensors and wearables.
Some applications employ super capacitors with batteries to improve energy storage. They can increase electric car performance and smartphone camera flashes with high-power bursts.
Super capacitors save battery replacements and improve product dependability by having a high cycle life and tolerating many charge-discharge cycles.
Market Competitive Landscape:
- UCAP Power
- Panasonic
- CAP XX
- Skeleton Technologies
- LS Mtron
- Nesscap Energy Inc. (Canada)
- loxus (US)
- Vina Technology (South Korea)
- Maxwell Technologies, Inc. (US)
- Murata Manufacturing Co. Ltd. (Japan)
- Panasonic Corporation (Japan)
- Graphene (UK)
- Angstron Materials (US)
- LSUltracapaitor(South Korea)
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Market USP Covered:
Market Drivers:
There has been a steady growth in the market for super capacitors in consumer electronics and this trend is projected to continue. The rise of smart-phones, wearable gadgets such as fitness bands and wrist watches among others, IoT devices and other portable electronic gadgets has contributed to this growth.
Super capacitors are applicable in many consumer electronics products. These include smartphones, tablets, laptops, wearables (such as smartwatches and fitness trackers), wireless earbuds, digital cameras, and various IoT devices. Their versatility and suitability across diverse needs of energy storage make them enticing to producers from different parts of the customer electronic goods industry.
On-going research and development activities aim at improving the performance, energy density and cost effectiveness of supercapacitors. Efficiency gains are being facilitated by innovations like new electrode materials, advanced manufacturing techniques plus hybrid energy storage systems where supercapacitors are combined with batteries.
Several factors are responsible for the adoption of super capacitors into consumer electronics. These include; faster charging solutions needed to meet consumers' convenience expectations regarding fast charging time that will allow rapid charging while on the move or during an outdoor event; increasing concerns over environmental sustainability and energy efficiency; advances made on super capacitor technology that results into longer life spans hence better performances than traditional batteries do.
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Market Restraints:
Super capacitors tend to have a higher cost of production compared to conventional batteries. This can deter their wide application in consumer electronics, especially in price-sensitive markets where the cost is crucial for manufacturers and consumers.
Market Segmentation
Super Capacitors in the Consumer Electronics Market are divided by product type into Double Layer, Pseudocapacitors, and Hybrid.
Super Capacitors in the Consumer Electronics Market are segmented by module as less than 25V, 25-100V, and over 100V.
Regional Insights
North America will lead the Super Capacitor market in consumer electronics, given the high concentration of technical sectors, rising use of electric vehicles and people's preference for clean energy. In addition, this market is expanding due to the increasing uptake of EVs and government initiatives aimed at promoting sustainable energy sources.
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