Electric Double-layer Capacitor (EDLC) Market by Application and Geography - Forecast and Analysis 2021-2025

The electric double-layer capacitor (EDLC) market share is expected to increase by USD 262.80 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 9.82%.

The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (automotive, energy sector, consumer electronics, industrials, and others) and geography (North America, APAC, Europe, South America, and MEA).

The electric double-layer capacitor (EDLC) market report also offers information on several market vendors, including CAP-XX Ltd, Eaton Corp. Plc, Kyocera Corp., Maxwell Technologies Inc., NICHICON Corp., Nippon Chemi-Con Corp., Panasonic Corp., Skeleton Technologies GmbH, TDK Corp., and Yageo Corp. among others.

CAP-XX Ltd - The company offers supercapacitors under the brand name CAP-XX. Under the unified segment, the company offers a wide range of products such as Murata supercaps, prismatic ultra-thin supercaps, cylindrical supercaps, and others.

What will the Electric Double-layer Capacitor (EDLC) Market Size be During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the electric double-layer capacitor (EDLC) market as a part of the global semiconductors market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period. 

Electric Double-layer Capacitor (EDLC) Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The long life cycle is notably driving the market growth, although factors such as high initial cost may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Electric Double-layer Capacitor (EDLC) Market Driver

• One of the key factors driving growth in the market is the long life cycle.
• EDLCs are known for their extremely high capacitance and are used for storing energy, which undergoes frequent charge and discharge cycles at high currents and in a short duration.
• EDLCs are reliable and have a longer life cycle than other capacitors and normal batteries as EDLCs store reversible electrostatic charges on the surface of electrodes, while other technologies such as batteries rely on chemical reactions. This feature is contributing to their high popularity and propelling their adoption among various industries, specifically across the energy industry. 

Key Electric Double-layer Capacitor (EDLC) Market Challenge

• The high initial cost will be a major challenge for the market during the forecast period.
• The cost of an electric double-layer capacitor (EDLC) for an electric car ranges from USD 2,400 to USD 6,000, while batteries for electric cars cost between USD 500 and USD 1,000. This restricts the adoption of electric double-layer capacitors (EDLC) over other capacitors and batteries.
• With the increasing investment in R&D, the price of electric double-layer capacitors (EDLC) is expected to decline in the coming years. The adoption of these devices is likely to increase with increasing awareness about the benefits of EDLCs. Vendors must also ensure competitive pricing along with enhanced quality to promote the adoption of these devices. 

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Electric Double-layer Capacitor (EDLC) Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the electric double-layer capacitor (EDLC) market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.

Which are the Key Regions for Electric Double-layer Capacitor (EDLC) Market?

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35% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for electric double-layer capacitors (EDLC) in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The countries in APAC witness strong demand for energy-efficient consumer electronics that use EDLCs. Therefore, the market in APAC has a large consumer base. The purchasing power of buyers has increased in APAC. This is attributed to the increasing disposable income of the population in countries such as India, Indonesia, and the Philippines, as well as the declining product prices. The high purchasing power is fueling the demand for consumer electronics in APAC. Thus, APAC is emerging as a potential market for EDLCs.  This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What is the Fastest-Growing Application Segment in the Electric Double-layer Capacitor (EDLC) Market?

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The market share growth by the automotive segment will be significant during the forecast period. The market is expected to grow substantially during the forecast period in the automotive segment, owing to the transformation of vehicles, specifically passenger cars, from mechanically driven mobility to high-end electronic- or electrical-influenced vehicles. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment. 

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What are the Key Data Covered in this Electric Double-layer Capacitor (EDLC) Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the market industry across North America, APAC, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive analysis of factors that will challenge the growth of market vendors

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