The increasing demand for capacitors from industrial and automotive applications and their adoption in distribution and power generation sectors will drive market growth over the forecast period. Additionally, the increasing requirements for energy conservation solutions and high storage capabilities, especially in automotive, energy, and consumer electronics applications, owing to the rising use of capacitors for EVs/HEVs, trains and aircraft, smart wearables, wind turbines, grid energy storage systems, and rail wayside are some of the major factors propelling the growth of lithium-ion capacitor market.
MARKET SCOPE
The "Global Lithium Ion Capacitor Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on global market trend analysis. The report aims to provide an overview of the lithium-ion capacitor market with detailed market segmentation by product type, application, and geography. The global lithium-ion capacitor market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading lithium-ion capacitor market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global lithium ion capacitor market is segmented by product type, and application.
- On the basis of product type, the market is segmented into Radial Type, Laminating Type.
- On the basis of application, the market is segmented into Energy Storage, Transportation, UPS, Industrial Machine, Others.
MARKET DYNAMICS
Drivers:
- The increasing demand for capacitors from industrial and automotive applications and their adoption in distribution and power generation sectors will drive market growth over the forecast period.
- The lower energy density compared to alternative products is expected to hinder the market's growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
The market has negatively affected the COVID-19 pandemic due to the lack of labor and supply chain disruptions. The closer manufacturing hubs led to the lack of raw materials required to produce capacitors, affecting the supply chain. The key players operating in the market launched novel products to offer innovative features and enhance their brand image. For instance, VINATech Co., Ltd. introduced a new range of - 8V lithium-ion capacitors in May 202- The capacitors featured a wide operating temperature range, high capacitance, low self-discharge, and high operating voltage. This new product launch may enable the company to propel its brand image. Also, adopting better materials and technologically advanced production technology enables key players to improve product quality and boost market position.
MARKET PLAYERS
The reports cover key developments in the lithium ion capacitor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from lithium ion capacitor market are anticipated to lucrative growth opportunities in the future with the rising demand for lithium ion capacitor in the global market. Below mentioned is the list of few companies engaged in the lithium ion capacitor market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the lithium ion capacitor market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.
- LICAP Technologies, Inc.
- TAIYO YUDEN
- JSR Micro NV
- Electro Standards Laboratories
- Socomec Group
- VINATech Co., Ltd.
- Murata Manufacturing Co., Ltd.
- Spel Technologies Pvt. Ltd.
- Elecorev Ramway India Private Limited
- Yunasko