Lithium-ion Capacitor Market: Introduction
- Lithium-ion capacitor is a protection device that detects vibration and triggers an alarm, or shuts down a machine or equipment if the vibration crosses a preset threshold level
- It can be used in industrial applications, such as detection of liquid and slurry levels while monitoring corrosion and damage and heavy dry bulk solid levels in silos, tanks, etc.
- It offers a wide range of features such as low self-discharge, wide operating temperature range, high operating voltage, and high capacitance
- These features make the lithium-ion capacitor most significant for mining, automotive, building services, and pharmaceutical industries
- In June 2020, Corvus Energy received first order for Blue Marlin lithium-ion capacitor from Kawasaki Heavy Industries
Growing Adoption from Automotive & Transportation Industry
- Based on end-use industry, the global lithium-ion capacitor market is segmented into automotive & transportation, aerospace & defense, metals & mining, chemicals, water & wastewater treatment, food & beverage, pharmaceuticals, oil & gas, power & energy, and others (pulp & paper, marine, etc.)
- Automotive & transportation is expected to be the fastest-growing end-use industry for the lithium-ion capacitor during the forecast period due to the increasing usage of lithium-ion capacitor to trigger an alarm and/or shut down equipment when excessive vibration occurs
- Lithium-ion capacitor is also used for precise detection of acceleration and safe vibration monitoring in all types of machines and installations, such as tower vibration and shock impact at wind turbines, which is expected to be a prominent driving factor for the lithium-ion capacitor market in the energy and metal & mining industries.
Asia Pacific to Lead the Global Lithium-ion Capacitor Market
- In terms of region, the global lithium-ion capacitor market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- Asia Pacific is expected to hold the largest share of the global lithium-ion capacitor market throughout the forecast period due to the increasing demand from automotive & transportation, oil & gas, and power & energy industries
- Lithium-ion capacitor is widely utilized in energy harvesting, and acts as electricity storage device with both high energy density and high power density features that can be charged and discharged at a large current
- These capacitors are widely used for numerous applications such as power backup, storage, leveling, peak assist, and energy regeneration, contributing to stabilization of power supply, electricity storage, electricity economization, and electricity conservation
- Rising industrialization & urbanization, the proliferation of Internet of Things (IoT), and growing investments in advanced factory automation and Industry 4.0 solutions are some factors propelling the lithium-ion capacitor market in North America
- The market in North America and Europe is expected to expand at a significant rate during the forecast period due to growing demand for lithium-ion capacitor from a wide range of industries such as metals & mining, power & energy, and chemicals. Moreover, the market is anticipated to be driven by leading countries such as the U.S., Spain, Italy, Germany, France, and Canada. The market in Middle East & Africa and South America is anticipated to grow at a steady rate during the forecast period.
Key Players Operating in the Global Lithium-ion Capacitor Market
Key players operating in the global lithium-ion capacitor market are engaged in developing technologically advanced lithium-ion capacitors. Furthermore, several manufacturers are focusing on strategic mergers and acquisitions of local manufacturers and system designers to strengthen their product offerings and expand their geographic reach.
Leading players operating in the global lithium-ion capacitor market include:
- Elecorev Ramway India Private Ltd.
- VINATech Co., Ltd.
- Yunasko
- SPEL TECHNOLOGIES PRIVATE LIMITED
- LICAP Technologies, Inc.
- wittig ELECTRONIC GmbH
- Electro Standards Laboratories.
- SOCOMEC GROUP
- Musashi Energy Solutions Co. Ltd.
- TAIYO YUDEN CO., LTD.
Global Lithium-ion Capacitor Market: Research Scope
Global Lithium-ion Capacitor Market, by Capacitance (Farad)
- 0-1,000 Farad
- 1,000-2,000 Farad
- 2,000-3,000 Farad
- Above 3,000 Farad
Global Lithium-ion Capacitor Market, by End-use Industry
- Automotive & Transportation
- Chemicals
- Metals & Mining
- Oil & Gas
- Power & Energy
- Others (Pulp & Paper, Marine, etc.)
Global Lithium-ion Capacitor Market, by Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- ASEAN
- Rest of Asia Pacific
- South America
- Brazil
- Mexico
- Rest of South America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
