NEW
YORK, June 27, 2024 /PRNewswire/ -- The global
electric double-layer capacitor (EDLC) market size is estimated to
grow by USD 1.21 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 18.52% during the forecast period. Long
life cycle of EDLCs is driving market growth, with a trend towards
growing adoption of graphene and carbon nanotube EDLCs. However,
high initial cost associated with EDLCs poses a challenge. Key
market players include CAP XX Ltd., Eaton Corp. Plc, Kyocera Corp.,
LS Corp., Murata Manufacturing Co. Ltd., NICHICON Corp., Nippon
Chemi Con Corp., Panasonic Holdings Corp., Samwha Electronics,
Skeleton Technologies GmbH, Supreme Power Solutions Co. Ltd.,
Systematic Power Manufacturing LLC, Taiwan Semiconductor
Manufacturing Co. Ltd., TAIYO YUDEN Co. Ltd., TDK Corp., Tecate
Group, UCAP Power Inc., Vishay Intertechnology Inc., Yageo Corp.,
and Yunasko Ltd..
![Technavio has announced its latest market research report titled Global electric double-layer capacitor (EDLC) market 2024-2028 Technavio has announced its latest market research report titled Global electric double-layer capacitor (EDLC) market 2024-2028](https://mma.prnewswire.com/media/2448629/Technavio_Global_electric_double_layer_capacitor_market_2024_2028.jpg)
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Flat style
EDLC, Button style EDLC, and Radial style EDLC), Application
(Automotive, Energy sector, Consumer electronics, and Industrials),
and Geography (North America, APAC, Europe, South America, and
Middle East and Africa)
|
Region
Covered
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
CAP XX Ltd., Eaton
Corp. Plc, Kyocera Corp., LS Corp., Murata Manufacturing Co. Ltd.,
NICHICON Corp., Nippon Chemi Con Corp., Panasonic Holdings Corp.,
Samwha Electronics, Skeleton Technologies GmbH, Supreme Power
Solutions Co. Ltd., Systematic Power Manufacturing LLC, Taiwan
Semiconductor Manufacturing Co. Ltd., TAIYO YUDEN Co. Ltd., TDK
Corp., Tecate Group, UCAP Power Inc., Vishay Intertechnology Inc.,
Yageo Corp., and Yunasko Ltd.
|
Key Market Trends Fueling Growth
The electric double-layer capacitor (EDLC) market is
experiencing growth due to advancements in EDLC technology.
Companies are focusing on manufacturing EDLCs using carbon
nanotubes and graphene for enhanced performance and scalability.
These materials offer increased energy storage capacity, quick
energy release, and environmental sustainability. Vendors are
investing in R&D to create hybrid capacitors, combining
electrostatic and faradic charging. These innovations are driving
the adoption of graphene and carbon nanotubes in EDLC devices,
expanding the global EDLC market.
The Electric Double-Layer Capacitor (EDLC) market is
experiencing significant growth due to increasing demand for energy
storage solutions. These capacitors use the principle of adsorption
of ions at the interface between an electrode and an electrolyte to
store energy. The use of carbon materials as electrodes in EDLCs is
a trending development, as they provide high energy density and
excellent power performance. Another trend is the integration of
EDLCs with other energy storage technologies, such as batteries, to
form hybrid energy storage systems. The cost-effective nature of
EDLCs and their long cycle life make them an attractive option for
various applications, including electric vehicles and renewable
energy systems. The market for EDLCs is expected to continue
growing as the need for reliable and efficient energy storage
solutions increases.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The high cost of Electric Double-Layer Capacitors (EDLCs) is a
significant barrier to their widespread adoption in the automotive
industry. Priced between USD2,400 and
USD6,000, EDLCs are more expensive
than batteries used in electric cars, which range from USD500 to USD1,000.
This price difference hinders the market growth of EDLCs. Despite
ongoing research and development investments, consumer hesitance
due to limited suppliers and untested applications persists. To
boost adoption, vendors must offer competitive pricing and superior
quality. The high initial cost of EDLCs remains a major hurdle for
the global EDLC market's expansion.
- The Electric Double-Layer Capacitor (EDLC) market faces several
challenges. Cost is a significant challenge as the production
process is complex and involves expensive materials like carbon and
electrolytes. Another challenge is the limited energy density
compared to batteries. The size and weight of EDLCs are also
concerns, making them less suitable for certain applications.
Additionally, the durability and cycle life of EDLCs need
improvement to compete with batteries. Furthermore, the performance
of EDLCs can degrade over time due to the build-up of residual
ions, which affects their efficiency. Lastly, the environmental
impact of EDLC manufacturing and disposal is a growing concern.
Addressing these challenges requires continuous research and
innovation to improve the technology and make it more
cost-effective, efficient, and eco-friendly.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This electric double-layer capacitor (EDLC) market report
extensively covers market segmentation by
- Product
- 1.1 Flat style EDLC
- 1.2 Button style EDLC
- 1.3 Radial style EDLC
- Application
- 2.1 Automotive
- 2.2 Energy sector
- 2.3 Consumer electronics
- 2.4 Industrials
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Flat style EDLC- The Electric Double-Layer
Capacitor (EDLC) market is experiencing significant growth due to
the increasing demand for energy storage solutions. EDLCs offer
several advantages, including high power density, long cycle life,
and fast charge-discharge rates. These capacitors are widely used
in various industries, such as transportation, energy, and
telecommunications, to store and release energy efficiently. The
market is driven by factors like government initiatives for
renewable energy integration and the rising need for reliable power
backup systems. Companies are investing in research and development
to improve the performance and cost-effectiveness of EDLCs, making
them a promising solution for energy storage applications.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Electric Double-Layer Capacitor (EDLC) market is
experiencing significant growth due to the increasing demand for
renewable energy storage solutions. EDLCs, which utilize graphene
and carbon nanotubes as electrode materials, offer high power
density and energy efficiency, making them ideal for various
applications. The EU Parliament has recognized the potential of
EDLCs in wind energy, medical devices, electric cars, and portable
electronics. These energy storage devices provide quicker charging
times, increased efficiency, and longer cycle life, addressing
environmental concerns and contributing to the transition towards
sustainable energy sources. Quality standards ensure the
reliability and durability of EDLCs, further boosting their
adoption in electric vehicles and other applications requiring
regenerative braking systems.
Market Research Overview
The Electric Double-Layer Capacitor (EDLC) market refers to the
industry dedicated to the production and application of EDLCs.
EDLCs are a type of capacitor that utilizes an electric double
layer for energy storage. They are known for their high power
density and long cycle life. The market for EDLCs is driven by the
increasing demand for energy storage solutions in various sectors,
including transportation, renewable energy, and consumer
electronics. The technology behind EDLCs involves the adsorption of
ions onto the surface of electrodes, forming a double layer. This
process allows for rapid charge and discharge, making EDLCs an
attractive alternative to traditional batteries. The market for
EDLCs is expected to grow significantly in the coming years due to
the increasing focus on sustainable energy and the need for
efficient energy storage solutions.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Flat Style EDLC
- Button Style EDLC
- Radial Style EDLC
- Application
-
- Automotive
- Energy Sector
- Consumer Electronics
- Industrials
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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