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Supercapacitor Market size surpassed USD 2 billion in 2020 and is anticipated to grow at over 15% CAGR during 2021 to 2027. The industry to foresee growth due to the increasing adoption of industrial robotics and automation technology in the manufacturing sector.
The industrial robot installation in North America is slated to rise by 17% to nearly 43,000 units while in Europe it is estimated to rise by 8% to around 73,000 units. The increased global penetration of automated robotics solutions in manufacturing facilities will support the demand for supercapacitor through 2027.
The COVID-19 outbreak had a negative impact on the supercapacitor market, resulting in the closure of several capacitors like these and electrode material manufacturing plants. Owing to supply chain interruptions, these manufacturers faced a number of issues including scarcity of raw materials and limited financial support.
Report Attribute | Details |
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Base Year: | 2020 |
Supercapacitor Market Size in 2020: | 2 Billion (USD) |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 15% |
2027 Value Projection: | 5 Billion (USD) |
Historical Data for: | 2016 to 2020 |
No. of Pages: | 250 |
Tables, Charts & Figures: | 245 |
Segments covered: | Type, Electrode Material, Application |
Growth Drivers: |
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Pitfalls & Challenges: |
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