The Electric Double-layer Capacitor Market size is estimated at USD 0.78 billion in 2024, and is expected to reach USD 1.45 billion by 2029, growing at a CAGR of 13.19% during the forecast period (2024-2029).
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.
The 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, partnerships, and acquisitions to gain sustainable competitive advantage. Some key market players include Eaton Corporation PLC, Maxwell Technologies, Skeleton Technologies, Kyocera Corporation, etc.
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