Global Automotive Ultracapacitor Market 2016-2020

Overview of the global automotive ultra-capacitor market

Market research analysts at Technavio predict that the global automotive ultra-capacitor market will grow steadily during the next four years and post a CAGR of more than 19% by 2020. The increasing focus of governments across the world to curb carbon emissions will lead to the rise in adoption of ultracapacitors due to their environment-friendly energy storage. It has been observed by the European Commission that road transportation contributes to almost one-fifth of the total CO₂ emission in Europe, where light-duty vehicles contribute to the major share. Also, the National Highway Traffic Safety Administration (NHTSA) of the US is taking necessary steps to produce clean vehicles with improved fuel consumption and reduced greenhouse gas emissions. This will induce automotive manufacturers to shift from ICE-propelled vehicles to electric energy and replace electrolyte batteries in their automobiles with ultra-capacitors since they significantly reduce carbon emissions.

The use of ultra-capacitors or supercapacitors in electric turbochargers will be one of the major trends that will gain traction in this market in the coming years. The adoption of ultra-capacitors in electric turbochargers can help in handling the need for extra power and cycle load to support the compressor of the e-turbo without increasing fuel costs. Moreover, since the adherence to stringent emission standards come as one of the major concerns for automotive manufacturers across the globe, they will start adopting ultra-capacitors to provide extra power to the engine.

Competitive landscape and key vendors

The market is dominated by a few major ultracapacitor manufacturers and is highly competitive. The market’s growth potential will induce vendors to innovate and offer new products. This will in turn, help them enhance their global presence and sustain the competition. One of the major vendors, Maxwell Technologies, manufactures and markets energy storage, power delivery, and microelectronic products. The company has a high market penetration and a wide product portfolio and offers products through different categories such as ultra-capacitors, high-voltage capacitors, and radiation-hardened microelectronic products.

The leading vendors in the market are -

• Maxwell Technologies
• NEC Tokin
• Nesscap
• Nippon Chemi-Con
• Skeleton Technologies

The other prominent vendors in the market are Ioxus, CAP-XX, and Panasonic.

Segmentation by application and analysis of the automotive ultra-capacitor market

• Start-stop system
• Regenerative braking
• Active suspension

According to this market research and analysis, the start-stop system segment accounted for the major revenue shares and dominated the industry during 2015. When left in idle state, start-stop systems shut down the engine automatically and restarts automatically when the clutch is activated to select a gear. As a result, they help in cost-savings and reduce the emission of harmful gases. Since the use of ultracapacitors helps in restarting the engine using a small amount of power and achieve fuel efficiency, the coming years will witness a rapid increase in the demand for ultra-capacitors from this market segment.

Geographical segmentation and analysis of the automotive ultra-capacitor market

• Americas
• APAC
• EMEA

In terms of geographical regions, EMEA will be the major revenue contributor to the market throughout the forecast period. The increasing demand for electric vehicles in countries France, Italy, Germany, the Netherlands, Norway, Spain, and the UK owing to the changing infrastructure and incentives provided by the governments, will fuel the growth of the market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global automotive ultra-capacitor market?
• What are the key market trends impacting the growth of the global automotive ultra-capacitor market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive ultra-capacitor market?
• What are the market opportunities and threats faced by the vendors in the global automotive ultra-capacitor market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive ultra-capacitor market?

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