Report Code: A09791 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Hybrid Capacitor Market
Request Now !The global hybrid capacitor market size is experiencing significant growth and will grow considerably in the next few years. Hybrid capacitors are a combination of a capacitors and a conventional lithium-ion battery. Hybrid capacitor uses electrodes with unlike features. One electrode displays electrostatic capacitance, whereas the additional has electrochemical capacitance. Due to its high-power density and high energy density, a hybrid capacitor is fit for both applications, which require pulse power and high energy storage like navy radar planes. In addition, hybrid capacitor is proficient of working in extreme temperatures, extending from -55°C to +200°C. Moreover, hybrid capacitors have an excellent frequency response of 5kHz and are compact in size with respect to aluminum electrolytic capacitors. Hence, owing
to profit associated with hybrid capacitors, it is highly accepted across several application segments particularly in defense & military, energy generation, and automotive sector.
The global Hybrid capacitor Market is segmented on the basis of Application, Industry Vertical, and Region. Based on Architecture, the Hybrid capacitor Market is divided into Hybrid capacitor module, and Board mounted hybrid capacitor, and others. On the basis of Application, the market is categorized into Off-grid lighting, Memory Back-up, Solar Charge applications, On the basis of Industry Vertical into Automotive and Transportation, Power Generation and Distribution, Consumer Electronics, and Others. and Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global hybrid capacitor market include Maxwell Technologies Inc., Ioxus, Inc., Nesscap CO. LTD., YUNASKO, Panasonic Corporation, CAP-XX, Supreme Power Solutions Co., Ltd., Nippon Chemi-Con Corporation, NEC-Tokin, LS Mtron. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.Â
COVID-19 scenario Analysis:Â
The current trend in the hybrid capacitor market share can be seen by increase in  applications of hybrid capacitors in the renewable energy segment, which has significantly increased in recent times, owing to their long functional life. In addition, in the wind energy sector, hybrid capacitors manage emergency power needed and control the pitch. Hybrid capacitors along with integration of batteries boosts power density of a complete system in the solar energy storage system. Use of hybrid capacitor banks also enhances photovoltaic system to avoid over battery storage, therefore, growing demand for hybrid capacitors. Energy lost during braking in elevators is stored in the hybrid capacitor and that energy is provided to power grid of that location. Moreover, decrease in price and longer life cycle as compared to batteries of hybrid capacitors is likely to boost the global hybrid capacitors market growth. Furthermore, strict government regulatory guidelines across the globe for environment safety and pollution control is expected to boost the hybrid capacitor market opportunities globally.
Surge in demand for hybrid capacitors from automotive and renewable energy generation and distribution sector are key factors anticipated to boost the demand for hybrid capacitor. Use of hybrid capacitors in long-haul trucks, buses, fleet vehicles, metros, and trains can decrease fuel consumption and eradicate carbon emissions in these vehicles. Adoption of hybrid capacitors in various automotive applications such as auto start-stop, power assist, door-lock systems, regenerative braking, catalyst preheating, and stabilization of electrical system is expected to raise demand for hybrid capacitor globally. In addition, the wind and electric grid sector holds a huge demand potential in the future. Hybrid capacitors can be used in the wind industry for short bursts of heavy force exertion essential to change blade pitch. Moreover, use in electric grids to run nearer to its full capacity, which has been earlier using only 90 % of their capacity also boosts the hybrid capacitor market growth.
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Hybrid Capacitor Market Report Highlights
Aspects | Details |
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By Architecture |
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By Application |
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By Industry Vertical |
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By Region |
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Key Market Players | NEC-Tokin,, Nesscap Co. LTD.,, Ioxus, Inc.,, Panasonic Corporation,, LS Mtron., YUNASKO,, CAP-XX,, Maxwell Technologies Inc.,, Nippon Chemi-Con Corporation,, Supreme Power Solutions Co., Ltd., |
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