Increasing cost and hazardous impact pertaining to fossil fuel, rising demand for consumer durables, and IT hardware coupled with electrical circuitry for diverse applications in various sectors are some of the key factors driving the global hybrid capacitor market, according to a recent study by Transparency Market Research (TMR). The study, titled “Hybrid Capacitor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” expects the escalating energy demands to expand this market at a healthy growth rate in the near future.
The report has been prepared to serve as a credible business tool for the stakeholders of the market such as the manufacturers of hybrid capacitors, distributors and traders, and government agencies. The report includes in-depth assessment of all the factors that may impact the demand until 2025, and profiles a number of leading vendors in order to understand the competitive landscape.
As per the findings of the report, hybrid capacitor is a combination of traditional batteries with capacitor in a single component and is highly useful for products that require rapid charge and discharge rather than storing energy on a long-term basis. Hybrid capacitor find application regenerative braking, solar power batteries, flashlights, short-term energy storage in trains, cranes, and hybrid cars. The growing adoption of hybrid capacitor in numerous automotive applications such as door-lock systems, auto start-stop, regenerative braking, power assist, stabilization of electrical system, and catalyst preheating is anticipated to escalate the demand in the global hybrid capacitor market. Moreover, electric and wind grid sector also has huge potential for this market.
Introduction of new market avenues such as hybrid electrical vehicles (HEV), renewable energy systems, and smart grids, as well as application as stabilized power supply source for laptops and GPS are some of the trends of the market for hybrid capacitor. On the other hand, high initial cost of raw materials is one factors that is challenging the market from achieving its true potential.
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Based on application, the global hybrid capacitor market can be segmented into automotive and transportation, industrial, energy, and consumer electronics. Currently, the automotive sector serves the maximum demand for hybrid capacitors, although consumer electronics segment is expected to surge at most prominent rate during the forecast period. Geographically, the report takes stock of the potential of hybrid capacitor market in all important regions including Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. In the vastly populated region of Asia Pacific, the hybrid capacitor market has immense potential, gaining high demand from countries such as China, India, Japan, and Taiwan.
Maxwell Technologies Inc., Nesscap CO. LTD., Cap-XX Ltd., Murata Manufacturing Co., Ltd., AVX Corporation, Mouser Electronics, Inc., Evans Capacitor Company, Skeleton Technologies, Panasonic Corporation, Ioxus, Inc., Nippon Chemi-Con Corporation, and YUNASKO are some of the leading companies currently functioning in the global hybrid capacitor market.