Hybrid capacitors are combination of a supercapacitor and a conventional lithium ion battery. A hybrid capacitor uses electrodes with different characteristics. One electrode exhibits electrostatic capacitance, while the other has electrochemical capacitance. Owing to its high energy density and high power density, a hybrid capacitor is suitable for both applications which require high energy storage and pulse power such as navy radar planes.
In addition, hybrid capacitor are capable of operating in extreme temperatures, ranging from -55°C to +200°C. Moreover, hybrid capacitor has a very good frequency response of about 5kHz and are smaller in size as compared to aluminum electrolytic capacitors. Thus, due to the huge benefits associated with hybrid capacitor it is increasingly adopted across various application segments especially in automotive, energy generation, military and defense sector among others.
In order to provide an exhaustive and detailed analysis of the market, the global hybrid capacitor market has been segmented on the basis of architecture and end user. Based on the architecture, the global hybrid capacitor market has been classified into hybrid capacitor module and board mounted hybrid capacitor. In addition, application of hybrid capacitor across various end user segments including automotive and transportation sector, power generation and distribution sector and consumer electronics segment among others is also highlighted in this report. Moreover, information related to current market trend along with future expected growth trend of all the above mentioned architecture and end user segment across different regions including Europe, North America, Asia Pacific, Middle-East and Africa (MEA) and Latin America is also provided in this report.
Increasing demand of hybrid capacitor from automotive and renewable energy generation and distribution sector is one of the most important factor anticipated to boost the demand of hybrid capacitor during the forecast period from 2017 to 2025. Use of hybrid capacitor in buses, long-haul trucks, fleet vehicles, trains, and metros among other vehicles can reduce fuel consumption and eliminates carbon emissions in these vehicles. Adoption of hybrid capacitor in several automotive applications such as auto start-stop, door-lock systems, power assist, regenerative braking, catalyst preheating and stabilization of electrical system is expected to raise the demand of hybrid capacitor globally.
In addition, wind and electric grid sector also holds huge demand potential in the near future. Hybrid capacitor can be better utilized in wind industry for short bursts of heavy force exertion necessary to alter blade pitch. Furthermore, they can help electric grids to run closer to its full capacity which has been earlier using only 90% of their capacity. Batteries had been used in wind industry since decades. However, hybrid capacitor are used as a compliment to batteries currently, because they have high intensity and longer life cycle as compared to conventional batteries.
Among the different architecture, hybrid capacitor module held the largest market share in 2016 and is anticipated to maintain its dominating position throughout the forecast period from 2017 to 2025. Hybrid capacitor module are most widely used across various applications such as hybrid vehicle, rail, heavy industrial equipment and UPS system among others which require high power density, active cell balancing and temperature control output. Increasing demand of these application segment globally is expected to drive the market of hybrid capacitor module at an exponential rate during the forecast period.
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Geographically, North America being the pioneer in adoption of hybrid capacitor across various application segments held the largest market share in 2016 and is expected to maintain its leading position in the coming years also. On the flip side, Asia Pacific region is predicted to witness the fastest growth in the coming years owing to rapid expansion of production facility in this region due to huge capital investment by different companies and government in this emerging technology results a sharp fall in the price of hybrid capacitor.
Some of the major players operating in the hybrid capacitor market includes Maxwell Technologies Inc. (The U.S), Panasonic Corporation 9Japan), CAP-XX (Australia) and Ioxus Inc. (The U.S) among others.
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