Automotive Ultra-capacitor Market | Industry Size, Share & Trends - 2027

 

Market Overview:

During the forecast period, the automotive ultra-capacitor market is expected to grow at a CAGR of more than 5.5%. (2020–2025).

The use of ultra-capacitors has increased battery load, allowing vehicle manufacturers to achieve fuel efficiency, extended battery life, reduced vehicle weight, and lower CO2 emissions. To meet increasingly stringent emission regulations around the world, ultra-capacitors are likely to become more prevalent in all vehicle types, including conventional, hybrid, and electric vehicles.

Ultra-capacitors, which are typically used in conjunction with vehicle batteries, can support peak load demands for short periods of time (less than 30 seconds) encountered during start/stop and regeneration braking applications. The ability of ultracapacitors to quickly recharge and discharge high energy has prompted vehicle manufacturers to use them in start/stop systems and regenerative braking systems. Primary energy sources, such as internal combustion engines, fuel cells, and vehicle batteries, were found to be inefficient when it came to handling peak power demand or recapturing energy during the aforementioned applications.

Scope of the report:

The automotive ultracapacitor market is divided into three categories: application (start-stop operation, regenerative braking system, and other applications), vehicle type (passenger cars and commercial vehicles), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa).

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