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Contrive Datum InsightsGlobal Research And Consulting A complete solution to explore all the potential aspect to drive the growth of the business industries. Lithium-ion Capacitor Market
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MarketOverview The Global Lithium-Ion Capacitor Market Size Was Valued At USD 23.8 Million In 2020. The Market Is Expected To Grow From USD 24.7 Million In 2022 To USD 35.6 Million In 2030, At A CAGR Of 5.4% During 2023-2028. MarketDynamics Lithium-ion capacitors are used in consumer electronics such as laptops, cell phones, wearable devices, thermal printers, LED flashlights, RFID tags, barcode scanners, and GPS chips. These capacitors are also used to store energy collected from lighting, vibration, heat, and radio frequency sources. Advancements in technology and implementation of the Internet of Things (IoT) are expected to drive the demand for lithium ion capacitors over the forecast period. LICs offer faster charge and discharge cycles compared to lithium-ion batteries currently used in electric vehicles.
Strategic Development: • June 2020 - Kawasaki Heavy Industries, Ltd. has placed an order for Blue Marlin, a high-density lithium-ion capacitor energy storage system from Corvus Energy. Blue Marlin utilizes LIC technology with very high charge and discharge rates of 220C continuous and 550C peak, making it efficient for high power load handling applications. • May 2021 - VINATech Co., Ltd. has launched a new series of 3.8V Li-ion capacitors. These capacitors offer high operating voltage, low self-discharge, high capacitance, and wide operating temperature range.
The Global Lithium-ion Capacitor Markethas been segmented into: • ByType • Radial Type, • Laminating Type • ByApplications • Energy Generation & Storage, Transportation, UPS, • Industrial Machines
Regional Analysis • The report estimates revenue growth at the worldwide, regional and country level and delivers analysis of the recent industry trends in each sub-segment from 2017 to 2030. • Asia Pacific accounted for the largest regional market share in 2020, owing to increasing industrialization and growing demand for electricity from end-use sectors such as automobiles, information technology, and textiles. Government initiatives in China, India, Bangladesh and other developing countries in the region are expected to increase the electrification rate by expanding distribution infrastructure, which is expected to increase the demand for LICs, especially in power grid infrastructure.
Market Players • JM Energy Corporation, • EAS Spa, • Yunasko, • JSR Micro, • Socomec, • EVE Battery, • And Others.
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