Lithium- ion Capacitor market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Lithium ion Capacitor Market
The lithium ion capacitor market size was valued at USD 23.8 million in 2020, and the market is now projected to grow from USD 24.7 million in 2021 to USD 35.6 million by 2028, exhibiting a CAGR of 5.4% during the forecast period of 2021-2028.
The global pandemic caused by the spread of the new coronavirus has shattered all industries. Industries have suffered substantial uptime damages due to strict rules such as bans to comprise the spread of the COVID-19 virus. As a result, the virus occurrence has reformed the demand for the LIC. Since this market is seriously reliant on electrical and electronics activities, the enduring drop in the electrical and electronics industry has also affected investments in electronic loads.
Lithium-ion capacitors are used in customer electronics such as PCs, mobile phones, wearable devices, thermal printers, LED flashlights, RFID tags, barcode scanners, and GPS chips. Also, these capacitors are used to stock collected energy from lights, vibration, thermal, and radiofrequency sources. The progression of technology and the Internet of Things (IoT) implementation is projected to motivate the demand for lithium-ion capacitor market growth.
The use of LICs in automobiles, fleet automobiles, subways, long-distance trucks, and trains, among other things, can decrease fuel consumption and eradicate the CO2 discharges of these automobiles. The introduction of the product in numerous automotive uses such as power assistance, auto-start-stop, catalyst preheating, door locking systems, reformative braking, and steadiness of the electrical system is expected to surge the demand for these capacitors globally. The use of these capacitors has prolonged battery capacity and permits vehicle manufacturers to attain extended battery life, fuel efficiency, lower vehicle weight, and reduced carbon dioxide (CO2) discharges.
Comprehensive Analysis of Lithium ion Capacitor Market
The market can be segmented in various ways, depending on the focus of analysis such as by product analysis, by application. Based on product analysis, the market is classified into radial and laminating. Based on application, the market is categorized as energy storage, transportation, UPS, industrial machinery, and others.
Asia Pacific region is dominating the lithium ion capacitor market share due to growing industrialization and increasing demand for electricity from end-use segments such as automobiles, information technology, and textiles.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include LICAP Technologies, Inc. (U.S.), TAIYO YUDEN (Japan), JSR Micro NV (Belgium), Electro Standards Laboratories (U.S.), Socomec Group (France), VINATech Co., Ltd. (South Korea), Spel Technologies Pvt. Ltd. (India), Elecorev Ramway India Private Limited (India), Yunasko (Ukraine) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In May 2021, VINATech Co., Ltd. propelled an innovative series of 3.8V lithium-ion capacitors. These capacitors have high functioning power, low self-discharge, high capacitance, and varied operational temperature range.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Estimated Year
2021
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD million)
Segmentation
By Product; By Application; and By Region
By Product
Radial Type
Laminating Type
By Application
Energy Storage
Transportation
UPS
Industrial Machine
Others
By Geography
North America (By Product, By Application, By Country)
- U.S.
- Canada
- Germany
- Russia
- France
- Spain
- U.K.
- Italy
- Rest of Europe
- China
- Japan
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
- Brazil
- Mexico
- Rest of Latin America
- GCC
- South Africa
- Rest of the Middle East and Africa
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Porter Five Forces Analysis
- 5. Qualitative Analysis – Impact of COVID-19
- 5.1. Impact of COVID-19 on the Lithium ion Capacitor Market
- 5.2. Steps Taken by the Government to Overcome the Impact
- 5.3. Key Developments by Industry Players in Response to COVID-19
- 5.4. Potential Opportunities and Challenges due to COVID-19 Outbreak
- 6. Global Lithium ion Capacitor Market Analysis (USD Million), Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Radial Type
- 6.2.2. Laminating Type
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Energy Storage
- 6.3.2. Transportation
- 6.3.3. UPS
- 6.3.4. Industrial Machine
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Region
- 6.4.1. North America
- 6.4.2. Europe
- 6.4.3. Asia Pacific
- 6.4.4. Latin America
- 6.4.5. Middle East & Africa
- 7. North America Lithium ion Capacitor Market Analysis (USD Million), Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Radial Type
- 7.2.2. Laminating Type
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Energy Storage
- 7.3.2. Transportation
- 7.3.3. UPS
- 7.3.4. Industrial Machine
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. US
- 7.4.2. Canada
- 8. Europe Lithium ion Capacitor Market Analysis (USD Million), Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Radial Type
- 8.2.2. Laminating Type
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Energy Storage
- 8.3.2. Transportation
- 8.3.3. UPS
- 8.3.4. Industrial Machine
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. UK
- 8.4.2. Germany
- 8.4.3. France
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Rest of Europe
- 9. Asia Pacific Lithium ion Capacitor Market Analysis (USD Million), Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Radial Type
- 9.2.2. Laminating Type
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Energy Storage
- 9.3.2. Transportation
- 9.3.3. UPS
- 9.3.4. Industrial Machine
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. China
- 9.4.2. India
- 9.4.3. Japan
- 9.4.4. Australia
- 9.4.5. Southeast Asia
- 9.4.6. Rest of Asia Pacific
- 10. Latin America Lithium ion Capacitor Market Analysis (USD Million), Insights and Forecast, 2017-2028
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Product
- 10.2.1. Radial Type
- 10.2.2. Laminating Type
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Energy Storage
- 10.3.2. Transportation
- 10.3.3. UPS
- 10.3.4. Industrial Machine
- 10.3.5. Others
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.4.3. Rest of Latin America
- 11. Middle East & Africa Lithium ion Capacitor Market Analysis (USD Million), Insights and Forecast, 2017-2028
- 11.1. Key Findings / Summary
- 11.2. Market Analysis, Insights and Forecast – By Product
- 11.2.1. Radial Type
- 11.2.2. Laminating Type
- 11.3. Market Analysis, Insights and Forecast – By Application
- 11.3.1. Energy Storage
- 11.3.2. Transportation
- 11.3.3. UPS
- 11.3.4. Industrial Machine
- 11.3.5. Others
- 11.4. Market Analysis, Insights and Forecast – By Country
- 11.4.1. GCC
- 11.4.2. South Africa
- 11.4.3. Rest of Middle East & Africa
- 12. Competitive Analysis
- 12.1. Company Market Share Analysis, 2020
- 12.2. Company Profile
- 12.2.1. LICAP Technologies, Inc.
- 12.2.1.1. Business Overview
- 12.2.1.2. Product & Service Offering
- 12.2.1.3. Overall Revenue
- 12.2.1.4. Geographic Presence
- 12.2.1.5. Recent Development
- 12.2.2. TAIYO YUDEN
- 12.2.2.1. Business Overview
- 12.2.2.2. Product & Service Offering
- 12.2.2.3. Overall Revenue
- 12.2.2.4. Geographic Presence
- 12.2.2.5. Recent Development
- 12.2.3. JSR Micro NV
- 12.2.3.1. Business Overview
- 12.2.3.2. Product & Service Offering
- 12.2.3.3. Overall Revenue
- 12.2.3.4. Geographic Presence
- 12.2.3.5. Recent Development
- 12.2.4. Electro Standards Laboratories
- 12.2.4.1. Business Overview
- 12.2.4.2. Product & Service Offering
- 12.2.4.3. Overall Revenue
- 12.2.4.4. Geographic Presence
- 12.2.4.5. Recent Development
- 12.2.5. Socomec Group
- 12.2.5.1. Business Overview
- 12.2.5.2. Product & Service Offering
- 12.2.5.3. Overall Revenue
- 12.2.5.4. Geographic Presence
- 12.2.5.5. Recent Development
- 12.2.6. VINATech Co., Ltd.
- 12.2.6.1. Business Overview
- 12.2.6.2. Product & Service Offering
- 12.2.6.3. Overall Revenue
- 12.2.6.4. Geographic Presence
- 12.2.6.5. Recent Development
- 12.2.7. Murata Manufacturing Co., Ltd.
- 12.2.7.1. Business Overview
- 12.2.7.2. Product & Service Offering
- 12.2.7.3. Overall Revenue
- 12.2.7.4. Geographic Presence
- 12.2.7.5. Recent Development
- 12.2.8. Spel Technologies Pvt. Ltd.
- 12.2.8.1. Business Overview
- 12.2.8.2. Product & Service Offering
- 12.2.8.3. Overall Revenue
- 12.2.8.4. Geographic Presence
- 12.2.8.5. Recent Development
- 12.2.9. Elecorev Ramway India Private Limited
- 12.2.9.1. Business Overview
- 12.2.9.2. Product & Service Offering
- 12.2.9.3. Overall Revenue
- 12.2.9.4. Geographic Presence
- 12.2.9.5. Recent Development
- 12.2.10. Yunasko
- 12.2.10.1. Business Overview
- 12.2.10.2. Product & Service Offering
- 12.2.10.3. Overall Revenue
- 12.2.10.4. Geographic Presence
- 12.2.10.5. Recent Development
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