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According to a new market report published by Lucintel, the future of the supercapacitor market looks promising with opportunities in the transportation, consumer electronics, and energy industries. The global supercapacitor market is expected to reach an estimated $3.1 billion by 2026 and is forecast to grow at a CAGR of 15.5% from 2017 to 2026. The major drivers of growth for this market are increasing demand for hybrid electrical vehicles and portable electronics products and their superior properties Byron Jones Jersey , such as high energy density, long lifecycles, and power stabilization as compared conventional batteries.
In this market, double layer capacitors, pseudocapacitors, and hybrid capacitors are used for the energy storage purpose. Lucintel forecasts that double layer capacitor is expected to remain the largest segment due to increasing usage in regenerative braking systems, power systems of various electric vehicles Maliek Collins Jersey , and wind turbines for pitch control application. Lucintel predicts that the demand for hybrid capacitors will experience the highest growth in the for