Automotive Ultracapacitor Market Explores New Growth Opportunities by 2024

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Automotive Ultracapacitor Market Share, Report,
Analysis, Trends and Forecast To 2024
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Automotive Ultracapacitor Industry Background

• Stringent government norms in Europe and U.S. to
  encourage use of alternate power source vehicles
  will support the automotive ultracapacitor market
  share from 2017 to 2024. National Highway Traffic
  Safety Administration (NHTSA) of the U.S. is
  focusing on improved fuel consumption pattern to
  reduce greenhouse gases in vehicles.
• According to European Commission Road Transport,
  vehicles release 1/5th of total carbon emission
  out of which LCV emits maximum amount. Expanding
  automobile industry and rise in demand of
  eco-friendly batteries in vehicles will boost
  automotive ultracapacitor market share.

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Automotive Ultracapacitor Industry Overview

• Automotive Ultracapacitor Market is set to expand
  with high CAGR due to stringent government norms
  regarding adoption of eco-friendly energy storage
  in EV and HEVs. Increasing adoption of high
  efficiency, light weight power source to curb
  carbon emission will provide traction to
  automotive ultracapacitor market size during
  forecast period.

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Automotive Ultracapacitor Industry By Vehicle

• Industry is categorized in to PCV, LCV and HCV.
  Passenger cars is expected to hold significant
  share due to rising demand of compact and medium
  cars. Its application in undisruptive power
  source (UPS) to protect CMOS electronics and
  power electronic components in automobiles will
  fuel automotive ultracapacitor market share.

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Automotive Ultracapacitor Industry By Products

• Industry is categorized in to double layer
  capacitor, pseudo capacitor and hybrid
  capacitors. Double layer capacitor is expected to
  acquire largest share in projected time frame
  owing to increasing demand of EV HEV.
  Increasing vehicle electrification will further
  support the double layer capacitors demand over
  the forecast timeframe.

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Automotive Ultracapacitor Industry By Region

• Europe is expected to account for major share
  owing to stringent government regulation on
  carbon emission. Vehicle manufacturers in the
  region are deploying these capacitors in electric
  vehicle as these are ecofriendly energy source.
  Moreover, countries such as Netherlands, Sweden,
  Germany, Spain with high density of electric cars
  will boost the Europe automotive ultracapacitor
  market share from 2017 to 2024.
• Asia Pacific automotive ultracapacitor market
  size will witness significant gains owing to
  rapid adoption of alternate fuel vehicles. China
  India will drive regional growth followed by
  South Korea, Japan and Taiwan. Positive outlook
  for automobile component manufacturing in the
  region will support industry growth during
  forecast period.

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Automotive Ultracapacitor Industry By Application

• Automotive ultracapacitor market share is
  categorized in to start-stop system, regenerative
  braking and active suspension. Start-stop system
  is expected to hold maximum share owing to rising
  adoption of ecofriendly, low carbon power source
  in vehicles.
• Functional limitation of the product and
  possibility of leakage during operation will
  limit automotive ultracapacitor market size.
  These capacitors operate in DC circuit only.
  Also, it leads to easy electrolyte leakages which
  increase the risk of system malfunctioning.
  Advanced technology in product requires high
  amount of investment and increase the final
  product cost. High product price may hinder
  industry growth during forecast timeframe.
• Technological upgradations are focused to reduce
  leakages. Moreover, structural improvement in
  capacitor technology provides growth opportunity
  for manufacturers. Use of activated carbon in
  these capacitors reduce the overall cost.
  Escalating electric and hybrid vehicle demand
  will enhance industry attractiveness.

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Competitive Automotive Ultracapacitor Industry
Share

• Some of the manufacturing companies include
  Maxwell Technologies, Nippon Chemi-con, NEC
  Tokin, Nesscap, Skeleton Technologies, Ioxus,
  Cap-XX, LS Mtron, Yunasko, Mouser Electronics,
  Evans Capacitor Company and Elna Co Ltd. among
  others. Companies are focusing on technological
  advancement with low cost high energy density
  product to gain competitive edge.

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