The Business Research Company's Automotive Ultracapacitor Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033

LONDON, GREATER LONDON, UK, July 29, 2024 /EINPresswire.com/ -- The automotive ultracapacitor market has demonstrated remarkable growth, expanding from $1.66 billion in 2023 to $2.05 billion in 2024, at a robust CAGR of 23.3%. This growth is attributed to the rise of electric and hybrid vehicles, improvements in start-stop systems, advancements in energy recovery systems, and increased durability and lifespan of ultracapacitors.

Stringent Emission Regulations Propel Market Expansion
The automotive ultracapacitor market is set for exponential growth, projected to reach $4.42 billion by 2028, with a CAGR of 21.2%. Key factors driving this growth include a focus on sustainable mobility, increased electrification of public transport, demand for lightweight solutions, and innovations in energy storage and charging infrastructure. Stringent emission regulations are a significant driver, pushing the automotive industry towards cleaner technologies and improved energy efficiency. For instance, the EPA's proposed stricter emissions standards in April 2023 emphasize the need for technologies like ultracapacitors that enhance energy efficiency and reduce emissions.

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Major Players and Innovations
Leading companies in the automotive ultracapacitor market include Panasonic Holdings Corporation, Sumitomo Corporation, Eaton Corporation PLC, TDK Corporation, and Kyocera Corporation. These companies are focused on developing high-performance ultracapacitors to meet evolving industry needs. For example, KEMET Corporation launched the FMU Series in March 2023, featuring high-performance supercapacitors with a wide operational temperature range and high endurance, ideal for advanced driver assistance systems and other vehicle electronics.

Trends Shaping the Future
The market is witnessing several trends, such as a regulatory push for lower emissions, increasing vehicle electrification, advancements in energy storage technologies, and a growing demand for fast charging solutions. Integration of ultracapacitors in start-stop systems and regenerative braking systems reflects the industry's move towards more efficient and eco-friendly technologies.

Market Segmentation
The automotive ultracapacitor market is segmented as follows:
• Type: Double-Layered Capacitors, Pseudo Capacitors, Hybrid Capacitors
• Vehicle Type: Passenger Vehicle, Commercial Vehicle
• Sales Channel: Original Equipment Manufacturer, Aftermarket
• Application: Start-stop Operation, Regenerative Braking System, Other Applications

Geographical Insights: Western Europe Leading the Market
Western Europe was the largest region in the automotive ultracapacitor market in 2023. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period, driven by rapid industrialization and increasing demand for advanced automotive technologies.

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Automotive Ultracapacitor Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Automotive Ultracapacitor Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on automotive ultracapacitor market size, automotive ultracapacitor market drivers and trends, automotive ultracapacitor market major players, competitors' revenues, market positioning, and market growth across geographies. The automotive ultracapacitor market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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