Global Automotive Ultracapacitor Market - Segmented by Application Type (Start-Stop Operation, Regenerative Braking System, Others), Vehicle Type (Passenger Car, Commercial Car), and Geography - Growth, Trends, and Forecast (2022 - 2030)
The global automotive ultracapacitor market is expected to grow at a CAGR of 16.62% during the forecast period, 2018-2023, owing to the growing demand for fuel-efficient vehicles in the automotive industry.
Ultracapacitors, typically connected in tandem with vehicle batteries, support peak load demands for short intervals (i.e., less than 30 seconds), encountered during start/stop and regeneration braking applications. The capacity for quick recharge and discharge of high energy offered by ultracapacitors has driven vehicle manufacturers to deploy them in the start/stop systems and regenerative braking systems. Primary energy sources, like internal combustion engines, fuel cells, and batteries in the vehicles, were identified to be inefficient in handling peak power demand or recapturing energy during the aforementioned applications.
Also, the ultracapacitors manufactured by prominent players like Maxwell Technologies, Kemet, Skeleton technologies, and others in the market, offer high power density, charge efficiency and extended temperature ranges of -40° C to +85° C, which make them highly suitable to excel in the above-mentioned vehicle applications.
Growing Stringent Emission Regulations
The use of ultracapacitors has expanded the battery load and enabled the vehicle manufacturers to achieve fuel efficiency, extended battery life, reduced vehicle weight, and ultimately reduced CO2 emissions. To meet the growing stringent emission rules across the globe, ultracapacitor is likely to penetrate at a faster rate in all vehicle types including conventional, hybrid and electric vehicles.
Europe Covered a Major Automotive Ultracapacitor Market Share
The trend of shifting from battery based to ultracapacitor based start-stop systems first appeared in Europe in 2010 PSA Peugeot Citroen model, which successfully resulted in improved vehicle performance and extended battery life expectancy. With the rapidly growing hybrid and electric vehicles sales in the European region, the demand for ultracapacitors is anticipated to grow in order to meet the optimal utilization of electric energy in vehicles. Also, ultracapacitor based start-stop systems come as a standard feature in most of the European cars, such as Peugeot 3008, and is expected to continue so in the coming new models in the market.
Additionally, North America is also expected to follow the footprints of European automakers in the coming years. In 2015, North America debuted continental ultracapacitor- based voltage stabilization system (VSS) in General Motors vehicle models of 2016 Cadillac ATS, CTS sedans, and ATS coupes. Thereafter, the automakers in the region have geared up to add the start/stop technology using ultracapacitor in their coming vehicles to help meet a 54.5 mpg corporate average fuel economy target by 2025.
Key Developments in the Automotive Ultracapacitor Market
Dec 2017: Skeleton Technologies, a leading ultracapacitor manufacturer in Europe, has signed a distribution agreement with Sumitomo Corporation Europe to provide energy storage solutions for the rapidly growing hybrid and electric vehicle industry in the region.
Automotive Ultracapacitor Market Major Players: Maxwell Technologies, Skeleton Technologies, Kemet Corporation, and Panasonic Corporation among others
Reasons to Purchase Automotive Ultracapacitor Market Report
OEMs’ adoption rate of ultracapacitor in the vehicles during the forecast period
Various perspectives of the market with the help of Porter’s five forces analysis.
Study of the growing electric vehicle trend in the region and its impact on the market.
The latest developments, market shares, and strategies employed by the major market players.
3 months analyst support, along with the Market Estimate Sheet (in excel)
Customization of Automotive Ultracapacitor Market Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Ultracapacitors, typically connected in tandem with vehicle batteries, support peak load demands for short intervals (i.e., less than 30 seconds), encountered during start/stop and regeneration braking applications. The capacity for quick recharge and discharge of high energy offered by ultracapacitors has driven vehicle manufacturers to deploy them in the start/stop systems and regenerative braking systems. Primary energy sources, like internal combustion engines, fuel cells, and batteries in the vehicles, were identified to be inefficient in handling peak power demand or recapturing energy during the aforementioned applications.
Also, the ultracapacitors manufactured by prominent players like Maxwell Technologies, Kemet, Skeleton technologies, and others in the market, offer high power density, charge efficiency and extended temperature ranges of -40° C to +85° C, which make them highly suitable to excel in the above-mentioned vehicle applications.
Growing Stringent Emission Regulations
The use of ultracapacitors has expanded the battery load and enabled the vehicle manufacturers to achieve fuel efficiency, extended battery life, reduced vehicle weight, and ultimately reduced CO2 emissions. To meet the growing stringent emission rules across the globe, ultracapacitor is likely to penetrate at a faster rate in all vehicle types including conventional, hybrid and electric vehicles.
Europe Covered a Major Automotive Ultracapacitor Market Share
The trend of shifting from battery based to ultracapacitor based start-stop systems first appeared in Europe in 2010 PSA Peugeot Citroen model, which successfully resulted in improved vehicle performance and extended battery life expectancy. With the rapidly growing hybrid and electric vehicles sales in the European region, the demand for ultracapacitors is anticipated to grow in order to meet the optimal utilization of electric energy in vehicles. Also, ultracapacitor based start-stop systems come as a standard feature in most of the European cars, such as Peugeot 3008, and is expected to continue so in the coming new models in the market.
Additionally, North America is also expected to follow the footprints of European automakers in the coming years. In 2015, North America debuted continental ultracapacitor- based voltage stabilization system (VSS) in General Motors vehicle models of 2016 Cadillac ATS, CTS sedans, and ATS coupes. Thereafter, the automakers in the region have geared up to add the start/stop technology using ultracapacitor in their coming vehicles to help meet a 54.5 mpg corporate average fuel economy target by 2025.
Key Developments in the Automotive Ultracapacitor Market
Dec 2017: Skeleton Technologies, a leading ultracapacitor manufacturer in Europe, has signed a distribution agreement with Sumitomo Corporation Europe to provide energy storage solutions for the rapidly growing hybrid and electric vehicle industry in the region.
Automotive Ultracapacitor Market Major Players: Maxwell Technologies, Skeleton Technologies, Kemet Corporation, and Panasonic Corporation among others
Reasons to Purchase Automotive Ultracapacitor Market Report
OEMs’ adoption rate of ultracapacitor in the vehicles during the forecast period
Various perspectives of the market with the help of Porter’s five forces analysis.
Study of the growing electric vehicle trend in the region and its impact on the market.
The latest developments, market shares, and strategies employed by the major market players.
3 months analyst support, along with the Market Estimate Sheet (in excel)
Customization of Automotive Ultracapacitor Market Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
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