North America LIC Supercapacitors Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 13.8% from 2024 to 2030.
The demand for LIC (Lithium-Ion Capacitors) supercapacitors is soaring in North America, driven by various industries that are adopting these energy storage solutions for their unique properties. Supercapacitors are known for their ability to deliver rapid bursts of energy, making them ideal for applications in sectors like automotive, renewable energy, and consumer electronics. The growing need for energy-efficient systems and sustainable power solutions is pushing the market for LIC supercapacitors forward, as industries look to reduce reliance on traditional batteries and improve energy storage capabilities.
North America’s automotive sector is a primary driver of this market. With the shift towards electric vehicles (EVs), LIC supercapacitors are gaining traction due to their high power density and quick charge/discharge cycles. These capacitors are essential in hybrid vehicles and electric buses, where they support regenerative braking systems and assist in energy recovery, making them a perfect complement to lithium-ion batteries. According to recent studies, LIC supercapacitors can enhance vehicle efficiency by providing quick bursts of power when needed without overloading the battery.
In addition to the automotive industry, the renewable energy sector is increasingly relying on LIC supercapacitors for applications in wind and solar power systems. These energy storage devices help smooth out the fluctuations in power generation, ensuring a steady supply of energy. Their ability to store and release energy rapidly also makes them suitable for grid stabilization, helping to maintain a balanced energy distribution.
The consumer electronics market is another significant area where LIC supercapacitors are in demand. Devices like smartphones, laptops, and wearables can benefit from the high power density and longer lifespan of LIC supercapacitors, offering more efficient and eco-friendly alternatives to conventional batteries.
Overall, North America’s LIC supercapacitor market continues to evolve, driven by increasing energy requirements, technological advancements, and the push for cleaner, more sustainable energy solutions. As industries continue to prioritize energy efficiency, the future looks bright for LIC supercapacitors in North America.
North America LIC Supercapacitors Market
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JM Energy
Taiyo Yuden
VINATech
Cap Energy
Jianghai
EVE Energy
TIG
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America LIC Supercapacitors Market
Energy Generation & Storage
Transportation
UPS
Industrial Machines
Others
Based on Types the Market is categorized into Below types that held the largest LIC Supercapacitors market share In 2023.
Radial Type
Laminating Type
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America LIC Supercapacitors Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America LIC Supercapacitors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America LIC Supercapacitors Market, By Type
6. North America LIC Supercapacitors Market, By Application
7. North America LIC Supercapacitors Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America LIC Supercapacitors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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