Electric Double-layer Capacitor (EDLC) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The electric double-layer capacitor (EDLC) market is estimated at USD 691.5 million in the current year. The market is expected to reach USD 1,284.9 million, registering a CAGR of 13.19% over the forecast period. The market’s growth is attributed to the increased demand for electric double-layer capacitors (EDLCs) across various applications, including battery load leveling in mobile devices, memory backup in electronic devices, energy regeneration, energy harvesting in automobiles, and more. The surging demand for graphene and carbon nanotube EDLCs and government regulations regarding reducing carbon emissions are expected to contribute to the market’s growth.
Key HighlightsThe electric double-layer capacitor (EDLC) market is fragmented and remains the same over the forecast period. Players in the market are adopting strategies such as partnerships, mergers, product innovations, investments, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
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