Electric Double-layer Capacitor (EDLC) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Electric Double-layer Capacitor (EDLC) Market was valued at USD 834.33 million in 2020 and is expected to reach USD 2724.09 million by 2026, at a CAGR of 21.8% over the forecast period 2021 - 2026. Supercapacitors or EDLCs hold great potential across a wide range of industry applications, such as the transportation, industrial, and consumer electronics sectors. The market is driven by its properties, such as a relatively high energy storage capacity, high rates of charge and discharge, extended battery life, high power pulse, and little degradation over hundreds of high-efficiency cycles.
Key HighlightsWith the presence of many global as well as regional players, the market for an electric double-layer capacitor (EDLC) is believed to be a fragmented one. TDK Corporation, Panasonic Corporation, Rubycon Corporation, Nippon Chemi-Con Corporation, Maxwell Technologies, Inc., Murata Manufacturing Co., Ltd., TOKIN Corporation (KEMET), CAP-XX, and Nichicon Corporation are some of the major players present in the current market. However, all these players are involved in competitive strategic developments such as partnerships, new product innovation, and market expansion to attain market competitiveness in the global electric double-layer capacitor market.
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