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Global Supercapacitors Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)

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New York, June 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Supercapacitors Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)” – https://www.reportlinker.com/p06221851/?utm_source=GNW
19% during the period 2020-2027 (henceforth referred to as the ’forecast period’). Supercapacitors are replacing traditional electric car batteries with quick charging and temperature stability. Additionally, supercapacitors are more flexible than standard batteries. The high demand for a stable power supply for applications, such as GPS, portable media players, laptops, and mobile devices, is an emerging trend in the market studied.

Key Highlights
Supercapacitor charging and discharging also helps sustain peak loads and backup power, which are significant for a continuous operation that includes battery-powered industrial applications such as smart meters, smoke detectors, video doorbells, and medical applications; to support this, various vendors are launching new products. For instance, in November 2021, Texas Instruments (TI) announced a new bidirectional buck/boost converter with a quiescent current (IQ) of 60 nA. Additionally, compared to frequently used hybrid-layer capacitors, the TPS61094 buck/boost converter includes a buck mode for supercapacitor charging while delivering ultra-low IQ, allowing engineers to extend battery life by up to 20%. (hybrid-layer capacitors (HLCs)).
Further, various research is underway in developing affordable and innovative solutions built on existing supercapacitor technology, offering a more affordable and ecological alternative to present models and emphasizing the need to reduce the production cost of carbon-based electrodes and the dependency on crucial components. For instance, in June 2021, researchers from Imperial College London and University College London (UCL) developed a more sustainable and energy-dense electrode material for supercapacitors, paving the way for further market use of high-power, quick-charging electric vehicle technology.
In recent years, communication systems in telecom and space have propelled the demand for supercapacitors. The Indian Space Research Organization (ISRO), at its Vikram Sarabhai Space Center (VSSC), developed the technology for processing supercapacitors (2.5 V) of varying capacitance values viz., 5 F, 120 F, 350 F, and 500 F, catering to specific applications related to space and societal needs. Supercapacitors are effectively being used to improve the efficiency of hybrid electric vehicles in various ways. For instance, Maxwell developed a supercapacitor-connected lead-acid battery that may be used to replace a traditional vehicle battery. The idea behind this application is that high-energy demands, such as starting an automobile, reduce the battery’s total energy capacity. The company has a line of supercapacitor-based modules that can reach temperatures of 3000 degrees Fahrenheit. Over 600,000 supercapacitors have been sold for hybrid start-stop applications.
Furthermore, various market vendors have witnessed increased sales in the electric vehicle business, pushing the supercapacitor growth in the automotive industry. For instance, according to EV-Volumes, the Volkswagen Group recorded over 424,600 electric vehicles globally in 2020, more than three times its sales volume in 2019. Its electric vehicle sales have been rapidly expanding. Furthermore, the ID.3 was one of the best-selling plug-in electric cars globally in 2020.
Additionally, with the outbreak of COVID-19, the power sector is being impacted by the digital revolution in the economy. From smart meters, digital substations, and smart EV charging infrastructure to software solutions, such as artificial intelligence, digital twins, dynamic line rating, and blockchain technology, governments, utilities, and manufacturers, are increasingly embracing digital technologies. For instance, after successfully advancing smart grid deployment and mobilizing investments of USD 300 million through its National Smart Grid Mission, the Indian government announced in 2021 a Revamped Distribution Sector Scheme with a cost of over USD 40 billion and gross budgetary support of over USD 10 billion. Such investments are expected to bring new opportunities to the supercapacitor market.

Key Market Trends

Increasing Demand for Renewable Energy Solutions is Expected to Drive the Market Growth

The use of supercapacitors for renewable energy applications has grown over the years. Hence, increasing focus on renewable energy sources is a huge opportunity for supercapacitor manufacturers. Currently, the Asia-Pacific is leading renewable energy consumption, its variants, and other potential materials, which is driving the supercapacitor market. The supercapacitor is a new energy storage device that can provide more power density than batteries and more energy density than ordinary capacitors.
Due to their advantages, such as very high efficiency, high charge/discharge current capability, and wide temperature range, supercapacitors are being employed in an expanding variety of applications, including renewable energy power production, transportation, power systems, and many more. Furthermore, a hybrid energy storage system consisting of battery and supercapacitor (SC) is proposed for use in wind farms to achieve power dispatchability. In the designed scheme, the battery’s charging/discharging powers are controlled, while the faster wind power transients are diverted to the supercapacitor. This enhances the lifetime of the battery.
Also, several government initiatives are likely to drive supercapacitors in the market studied. For instance, in July 2021, According to the state planner, China announced to add more than 30 gigawatts of energy storage capacity by 2025 to enhance renewable energy usage while keeping the electric system stable. Furthermore, electricity storage techniques that use electrochemical, compressed air, flywheel, and supercapacitor systems are referred to as new energy storage, as opposed to pumped hydro, which uses water held behind dams to create electricity as needed. According to the China Energy Storage Alliance, China has a total energy storage capacity of around 35 GW by 2020, with just 3.3 GW being new energy storage.
Storage is one of the biggest obstacles preventing the widespread use of renewable energy sources, like wind and solar power. The US energy grid system is used for distributing energy and allows little flexibility for the storage of excess on short notice. Conventional supercapacitors have a high-power output with minimal degradation in performance for as many as 1,000,000 charge-discharge cycles. There are upgrades to power generation from renewable resources to reduce the rapid depletion of natural resources, which is expected to drive the market for supercapacitors in the coming years. Moreover, there is an increasing demand for renewable energy generation, observed in countries across Europe, Asia, and the United States, which would further fuel the growth of the market studied.
Furthermore, in November 2021, Researchers from the Advanced Technology Institute (ATI) at the University of Surrey and the University of So Paulo have devised an innovative analysis technique that will aid scientists in developing better supercapacitors for renewable energy storage. Researchers may now explore the complicated interconnected behavior of supercapacitor electrodes formed from layers of different materials using the team’s innovative approach.
Also, energy storage improvements are essential if governments meet carbon reduction commitments. Because solar and wind energy are inherently unpredictable, adequate storage is essential to assure supply constancy, and to cater supercapacitors are seen as a crucial part of the solution. Supercapacitors may also hold the key to charging electric vehicles far more quickly than lithium-ion batteries allow. However, more research into supercapacitors is required to ensure that they can successfully store enough electricity. Governments and enterprises across the world have announced their commitment to adding around 826GW of new non-hydro renewable power capacity by 2030. Such investments are driving increased opportunities in the market.

Asia Pacific Expected to be the Fastest-growing Region

In China, the demand for supercapacitors is expected to grow by one of the highest growth rates in the world for a long time to meet the carbon neutrality targets by 2060. Benefiting from the increased demand in downstream markets, such as electric vehicles, the overall market share of the supercapacitors in China would continue to rise. With policy support from the government, many new players have positioned themselves in the market. There are large market players such as the state-owned CRRC (China Railroad Rolling Stock Corporation), Nantong Jianghai, Shanghai Aowei, and Jinzhou Kaimei. There are new players in supercapacitor manufacturing, such as Beihai Sence Carbon Materials Technology, Jiangsu Zhongtian Technology Group, and Tianjin Plannano Energy Technologies. Research institutions and universities, including Donghua University, Jiangsu University, South Central University, and Tsinghua University, have been involved in innovation in the supercapacitors sector through patent filing, among other things.
The automotive industry is growing rapidly in China, and the country is playing an increasingly important role in the global automotive market. The government views the automotive industry, including the auto parts sector, as one of its country’s pillar industries. The Central Government of China estimates that China’s automobile output shall reach 35 million units by 2025 that caters to supercapacitors’ demand. Electric vehicles are becoming more popular, and China is considered one of the leading adopters. For developments in China’s transportation industry, the 13th Five-Year Plan encourages the development of green mobility alternatives such as hybrid and electric vehicles.
Further, in May 2020, researchers at Penn State and two universities in China announced a new supercapacitor based on manganese oxide that could combine batteries’ storage capacity with the high power and fast charging of other supercapacitors. The group compared their supercapacitor to others with higher energy density and power. They believe that their material can be used in electric vehicles by scaling up lateral dimensions and thickness.
Additionally, transportation is one of the important infrastructures that has supported the Japanese economy and has evolved along with other industries’ growth. Additionally, Japan is on the road toward electric vehicles. The biggest motor vehicle company in the country, Toyota, partnered with another player, Mazda, to develop electric vehicle technologies for electric cars, including mini-vehicles, passenger cars, SUVs, and light trucks. This caters to the demand of supercapacitors.
The Japanese government has aimed to have all new cars sold in Japan be electric or hybrid vehicles by 2050. The country plans to offer subsidies to accelerate the private-sector development of batteries and motors for an electricity-powered vehicle. Furthermore, Japanese bus and truck makers are focusing more on electric vehicles production, as the government is pushing for reducing greenhouse gas emissions from vehicles. For instance, Hino Motors Ltd launched its first model of a diesel-electric hybrid truck.
Utility companies in Japan are adopting smart electricity meters. The Japanese government has moved its focus to demand-side management, with a greater emphasis on energy security and resiliency via smart grid and energy-saving technologies. Tokyo Electric Power (TEPCO), Japan’s largest power utility, expects to have 29 million smart meters installed in 2020. The country estimates to have about 80 million units to be deployed by 2024, a target that was brought forward for eight years from the original plan. Hence, the growing applications of supercapacitors in such areas are expected to drive the market.
Japan also employs large supercapacitors as the 4 MW systems are installed in commercial buildings to reduce grid consumption at peak demand times and ease loading. Other applications start backup generators during power outages and provide power until the switch-over is stabilized. However, According to International Energy Agency (IEA), the sales volume of battery electric vehicles in Japan amounted to 14.6 thousand units in 2020, displaying a strong decrease over from 2018. All the above trends are expected to restraint the market’s growth of BEV for some period.

Competitive Landscape

The Global Supercapacitors Market is moderately competitive and consists of several major players. The market has long-standing established players who have made significant investments. A few major players currently dominate the market in terms of market share. With a prominent share in the market, these major players focus on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and profitability. Key players are Eaton Corporation PLC, Maxwell Technologies Inc. (Tesla Inc.), and others. Recent developments in the market are –

November 2021 – Xtel Wireless, the independent development business and leader in IoT product development, chose the ultra-thin CAP-XX DMF470 supercap for its Smart Batteries, according to CAP-XX Limited. Xtel reportedly chose the CAP-XX supercapacitors because of their tiny form factor and low ESR, which enables the battery pack to communicate diagnostic data for troubleshooting and battery maintenance wirelessly.
September 2021 – Skeleton Technologies Inc. announced plans to add new supercapacitors and modules to its portfolio, with the SkelCap SCX5000 cell, SkelMod 162V 92F module, and SkelMod 54V 277F module. The new supercapacitors represent a significant increase in energy density that enables customers to increase the application lifetime.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06221851/?utm_source=GNW

About Reportlinker
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XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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