The Supercapacitors Market size is estimated at USD 0.69 billion in 2023, and is expected to reach USD 1.17 billion by 2028, growing at a CAGR of 11.14% during the forecast period (2023-2028).
Supercapacitors are replacing traditional electric car batteries with quick charging and temperature stability. Additionally, supercapacitors are more flexible than standard batteries. The high demand for a stable power supply for applications such as GPS, portable media players, laptops, and mobile devices, is an emerging trend in the market studied.
The Supercapacitors Market was valued at USD 549.1 million in the current year. It is expected to reach a value of USD 1.11 billion by the next five years, registering a CAGR of 13.19% during the forecast period. Supercapacitors are replacing traditional electric car batteries with quick charging and temperature stability. Additionally, supercapacitors are more flexible than standard batteries. The high demand for a stable power supply for applications such as GPS, portable media players, laptops, and mobile devices, is an emerging trend in the market studied.
The Supercapacitors Market is moderately competitive and consists of several major players. The market includes long-standing, established players who have made significant investments. A few major players currently dominate the market in terms of share. With a prominent share in the market, these considerable players focus on expanding their customer base across foreign countries. These companies leverage strategic collaborative initiatives to increase their market share and profitability. Eaton Corporation PLC, Maxwell Technologies Inc. (Tesla Inc.), and others are key players. The current advancement in the market are:
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