Ultracapacitor is an electrical component that can hold hundred times more charge quantity compared to a normal capacitor. Global capacitor market having a 2.5% CAGR is expected to touch $20.2 Billion revenue mark by 2018.
A major driver for ultracapacitor market is in electrical smart meters. The smart meters market has CAGR of 18.7% and the market is expected to reach a demand of 148 million units by 2018.
High initial cost can be considered as the main restraint for the growth of ultracapacitor market. Ultracapacitor batteries cost between $2400 to $5800 for each kWh energy storage, whereas, lithium ion batteries costs $500 to $1000.
The big players in this market are Cap-XX, Ioxus Inc, LS Mtron, Maxwell Technologies Inc, Nec-Tokin, Nesscap Co Ltd, Nippon Chemi-Con Corporation, Panasonic Corporation, Supreme Power Solutions Co Ltd, Vinatech Co Ltd and Yunasko.
KEY MARKET SEGMENTS