The ever-increasing need for electrical energy storing devices will continue to influence the growth of the nanomaterial supercapacitors market during the forecast period 2016-2026. The surging end-use applications of nanomaterial supercapacitors in transportation, consumer electronics, wind turbines and sensors will continue to drive the growth of the market during the forecast period. Increasing preference towards compact devices that have high electric storage capacity will continue to create sustained demand during the forecast period.
High cost and low availability continue to remain persistent challenges with nanomaterial supercapacitors.
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Global nanomaterial supercapacitors market: Segmentation
On the basis of the product type, the global nanomaterial supercapacitors market can be segmented as follows:
On the basis of applications, the global nanomaterial supercapacitors market can be segmented as follows:
- Electric & hybrid vehicles
- Wind turbines
- Photovoltaic modules
On the basis of end-use industry, the global nanomaterial supercapacitors market can be segmented as follows:
Global nanomaterial supercapacitors market: Region Wise Outlook
The global nanomaterial supercapacitors market can be divided into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. Asia Pacific dominates the global nanomaterial supercapacitors market due to the mature electronics industry in the region. Strong demand from China will be key to the growth of the market in the region. North America is the second largest market globally, and demand is on account of its flourishing medical and healthcare industry.
Demand for nanomaterial supercapacitors in Europe will continue to be driven by the booming automobile sector in Europe. Latin America is witnessing a modest CAGR in terms of value in global nanomaterial supercapacitors market because of the strengthening information technology in this region. Middle East and Africa (MEA) is at a nascent stage in the global nanomaterial supercapacitors market but is expected to have a healthy CAGR in the forecasted period.
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Global nanomaterial supercapacitors market: Key Players
Some of the key players in the global nanomaterial supercapacitors market are:
- Nippon electrical Co.
- Panasonic Electronic Devices Co. Ltd
- TTI, Inc
- MAXWELL TECHNOLOGIES, INC
- Nesscap Co., Ltd
- Axion Power International, Inc.