Faster Adoption of Supercapacitors in Automotive Sector to Drive the Global Market to Reach $7.3 Billion by 2026 - Market Research Report (2019-2026) by Industry Experts, Inc.
Industry Experts, Inc. released the global market research report on Supercapacitors. The new report " Global Supercapacitors Market – Products, Modules and Applications " reveals that the Asia-Pacific forms the largest worldwide market for Supercapacitors in 2019, which is also poised to post the fastest 2019-2026 CAGR of 17.8%. The global market for supercapacitors is the largest, as also the fastest growing, in Asia-Pacific. However, the adverse impact upon every industry caused by the Covid-19 outbreak in China in December 2019 has left its mark on the demand for supercapacitors also. While before the incidence of this pandemic the market for supercapacitors presented a rosy picture, with high double-digit growth rates in the range of 25%-35%, these trends would now be difficult to sustain. Countries across the globe are facing challenging medium-term futures and recovery could take anywhere from one to three years, again based on what the trajectory of a particular re...