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(IT-NEWSWIRE.COM, October 10, 2017 ) At present, the rise in carbon emission levels across the world is one of the major causes of global warming. This has induced an extensive number of industrial associations, global agencies, and governments to announce new policies to reduce carbon emissions. With the rise in technological advancements and to reduce the hazardous effects of e-waste in the environment, automobile manufacturers are using electric double-layer capacitors to substitute electrolytic batteries, which subsequently fueling its market growth. Considering the growing demand for EDLC, analysts have prepared a new study titled “Global Electric Double-layer Capacitor Market 2017-2021” to its mega-repository, which provides detailed analysis of the development status of the market during the forecast of 2017 to 2021. The report further comprises an inclusive market and vendor landscape as well as a SWOT analysis of the key companies.
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Electric double-layer capacitors (EDLCs) are energy storage devices that are capable of charging and storing energy at an exponentially higher density than standard capacitors. Compared with batteries, these devices have higher power capacity, longer life cycle, and faster-charging options. Instead of conventional dielectrics, EDLCs have two plates that are separated by electrolytes.
Initially, the report states about the whole market outlook and its scope to identify the market size and its growth in future. As per the analyst’s key findings, the global electric double-layer capacitor (EDLC) market anticipated to grow at a CAGR of 9.37% during the period 2017-2021. There are various key factors analyzed in the study that are contributing towards this market growth. Presently, surge in government regulations regarding carbon emissions will be one of the major factors that will have a positive impact on the market’s growth. Also, due to the various prime features of EDLCs such as reliability and a longer life cycle than other capacitors and normal batteries; is another driver for the market expansion.
The report studies the global electric double-layer capacitor market across four key regions: Americas, EMEA and APAC. On the basis of geographical segmentation, the report analyzed some of the prime trends in the market, such as growing adoption of graphene and carbon nanotube EDLCs, Increasing investments in R&D for the development of hybrid EDLCs, increasing emergence of flexible EDLCs and increasing emergence of different technologies. The report also adds that EDLCs that are erected 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. However, the high initial cost is the biggest challenge to the large-scale adoption and commercialization of EDLCs.
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Further, the report provides detailed analysis on the major applications of electric double-layer capacitor which are automotive applications, industrial applications, consumer electronics and energy sector and others. Of these, the automotive segment accounted for the major shares of the EDLC market in 2016.
Describing the competitive landscape, the report profiles some of the key players operating in this market, includes Skeleton Technologies, Maxwell Technologies, Nippon Chemi-Con, Murata Manufacturing, Panasonic, Nesscap Energy and NEC TOKIN.
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