THE AUTOMOTIVE market will account for more than a quarter of the application of supercapacitors by 2020, according to the latest market research.
This demand from the automotive and transport sectors is due to the ability of supercapacitors to deliver fuel efficiency, greenhouse gas emission reductions, improved braking energy recovery, lighter energy storage, and high power, fast charging and extended cycle life operation.
The other large market for supercapacitors is in the electronics sector, which already accounts for a bit less than half of the global market for supercapacitors. With supercapacitors having very low electric resistance, they are used commonly to store energy with low losses.
This means there is continuing demand for supercapacitors in electronics applications such as energy harvesting where low levels of energy are involved.
Additionally, smaller and thinner supercapacitors will be in demand to fit space constraints in the electronics space – such as in smartphones and tablets.
According to IDTechEx’s report “Electrochemical Double Layer Capacitors: Supercapacitors 2014-2024”, the supercapacitor market is currently evolving, with new configurations emerging. These combine electrodes of batteries and supercapacitors, creating hybrid cpaacitors or superbatteries.
Supercapacitors will continue to undergo development over the next decade, according to the report, with steady progress in developing new environmentally friendlier and safer materials for supercapacitors.
The IDTechEx report can be found here.