Global Electric Double-layer Capacitor (EDLC) Market 2017-2021
The following companies as the key players in the global electric double-layer capacitor (EDLC) market: Maxwell Technologies, Murata Manufacturing, Nesscap Energy, NEC TOKIN, Nippon Chemi-Con, Panasonic, and Skeleton Technologies
Other Prominent Vendors in the market are: APowerCap Technologies, Axion Power, batScap, Cellergy, CAP-XX, EEStor, Enable IPC, Evans Capacitor, EPCOS, ELNA, IOXUS, LS Mtron, Nichicon, Supreme Power Solutions, Tecate, VINATech, and Yunasko.
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Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing adoption of graphene and carbon nanotube EDLCs. The EDLCs available in the market are highly expensive and have limited scalability. To overcome these limitations, companies are focusing on manufacturing EDLCs based on carbon nanotubes and graphene. EDLCs that are constructed by combining nanotubes and graphene can store a large amount of energy. This energy can be released quickly to create a power surge. These EDLCs will provide enhanced performance in several applications, including consumer electronics and electric vehicles.”
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According to the report, one of the major drivers for this market is Long life cycle. EDLCs are reliable and have a longer life cycle than other capacitors and normal batteries. Matsushita (Panasonic) commercialized double-layer carbon EDLCs in 1972. These EDLCs were field-tested, and it was ensured that they have a continuous long-term operation ability. This acts as an excellent selling point when EDLCs are used to replace the total or partial function of a battery.
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Further, the report states that one of the major factors hindering the growth of this market is High initial expense. The high initial cost is the biggest challenge to the large-scale adoption and commercialization of EDLCs. The cost of an EDLC for electric car ranges from $2,400 to $6,000 while batteries for electric cars cost between $500 and $1,000. With the increasing investment in R&D, the price of EDLC is expected to decline in the coming years. Consumers are hesitant to adopt EDLCs as the market has very few suppliers and EDLCs have not been tested in most applications.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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